[anapikoros]

I think Canada has more shale oil in Alberta than the Saudis have oil. In Australia an experimental plant running at 60% capacity is making a profit with oil prices around $30bbl. They have some environmental probs but think they'll overcome them soon.

I think this threat is what's keeping oil prices below $30.

[biblewonk]

I think Canada has more shale oil in Alberta than the Saudis have oil. In Australia an experimental plant running at 60% capacity is making a profit with oil prices around $30bbl. They have some environmental probs but think they'll overcome them soon.

I wonder if you are thinking of the oil sands in Canada. There was a great post a while ago about how much oil is there in the form of oil sands but it costs 9 dollars per barrel to separate it from the sand. That is starting to look better and better.