Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: t4texas who wrote (2290)	9/30/2001 7:02:20 PM
From: Frank Pembleton	Read Replies (3) of 36161

t4texas, the only thing the Canadian Federal government does is collect taxes (corporate, excise and GST), signs us on to regressive environmental agreements like the Kyoto protocol and openly talks about a future carbon tax. They also try and regulate the movement of oil within interprovincial and international borders and “claim” it’s their right to do so, which brings me to that huge gray area when it comes to federal and provincial jurisdiction. The fact is, if Dick Cheney wants to talk about oilsands he’d better talk to Alberta because in accordance with the constitution, Ottawa has nothing to do with it. IMO, inviting the Feds into investing "once again" into the Alberta oil patch would effectively be inviting them in to nationalize our energy sector -- "once again." No thanks… Check out Suncor’s AR, they have about 2 billion barrels of reserves and a cash cost of $9 a barrel. The province of Alberta is thought to hold 1.7 to 2.5 trillion barrels of bitumen, of which about 300 billion barrels, is considered to be recoverable with current technologies. BTW, I’ll check into to this a little further because I know of a program that does research at the University of Alberta. I believe both the private and public sectors fund it. Regards Frank P.

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