Posted on 05/19/2008 3:50:49 PM PDT by Dawnsblood
Maybe GW ain’t as dumb as he looks.
I am getting daily emails from these alternative fuels people. Many investment opportunities. I note that TAN on the DJIA has risen from 25 a couple weeks ago to 29, and this is the alternatives industry index. I haven’t bought anything and probably won’t. Too much flim flam.
True. America always gets fujced.
By all reports Iraq is somewhat under explored, but the known big fields all are found in a fairly narrow southeast to northwest band. [The same is true of Iran, Kuwait, Saudi Arabia and so on.]
If anyone is expecting big finds in the Western desert of Iraq, just look to Syria, a very very modest oil producer as a more likely analogy.
I agree. Something tells me that there will be serious capital investment in the oil sands and shale, but not in the short run. We’re still hoping oil prices will drop.
Huge investment in Alberta Oil Sands has already started. More than $160 Billion Dollars are being invested in commercial operations.
Inventory of Major Alberta Projects
http://www.alberta-canada.com/statpub/albertaConstructionProjects/mpindex.cfm
Scroll down, select “Oilsands” and click “Submit”
NYMEX crude 129.09
This is not a fluke at the end of the future’s life. All the futures are up similarly. Maybe tar sands are looking better, if not cheaper.
I think we could make a pretty good case that we should get oil for about 10 years at a sharp discount. Make em an offer they can’t refuse.....
“Fungible asset”...
You and I know what that means but not too many others seem to.
High fuel prices are in themselves a conservation measure and an incentive for new development. There isn’t anything in Alberta and Montana but bighorn sheep and cowboys, I hear.
If I were younger, I’d go to Alberta and work the shale. Maybe if they need technical writers, I’ll still go.
NFS!! I’ve been saying as much on FR for two years! All their “known” oil deposits are in areas near transport systems near the borders while areas in the center of the country oil bubbles out of the ground where there aren’t any oil fields.
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