Re: Alberta Ca Oil Fields

Posted by dhermesc on August 31, 2005 at 06:04:08 from (68.110.220.22):

In Reply to: Re: Alberta Ca Oil Fields posted by Silver Pig on August 30, 2005 at 22:00:25:

Problem is, up until 2001-2002 oil prices were so cheap there was no profit in extracting the oil from the shale, now there is. But now a entire new industry must be built up to start supplying, new equipment, new work force, permits, fences to keep the tree huggers out and so on. This takes years of commitment to a project that might not see a profit for a decade or more. This is all done while the "government" is doing its best to drive down crude prices. If crude prices drop the "shale to oil" industry goes broke before they produce a barrel.

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