Re: Alberta Ca Oil Fields

Posted by Bill in NC on August 30, 2005 at 20:51:52 from (65.188.155.69):

In Reply to: Alberta Ca Oil Fields posted by Dave Sherburne,NY on August 30, 2005 at 14:10:31:

Some thoughts:
1) They tell me companies such as Suncor working the Alberta
oil sands is profitable whenever world oil prices are greater than
$15 US. At today's prices Suncor is printing money. The good
news is with that money rolling in they (and the other companies
working the oil sands) can reinvest and expand their operations.
2) North America has a huge, huge amount of relatively cheap
energy in coal sources. There is a lot of action occuring with
coal conversion processes. A recent Forbes magazine article
said GE is building a coal gasification plant beside a big utility
generator in the Ohio River area to supply ultra clean and
efficient burning energy to the generating station. We will likely
see more such sites in the next ten years. Also, at some price
point, coal to gasoline & diesel fuel conversion plants is a go.
3) The bad news is we may see $3.00/gallon gas for a long
time. The good news is that we may see greater North American
energy independence as a result.
4) I don't work for an energy company and don't have any stock
in Suncor (darn it!).

Follow Ups:

• Re: Alberta Ca Oil Fields KRUSS 09:55:02 08/31/05 (0)

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