Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Art Bechhoefer who wrote (2974)	10/17/2001 10:53:48 PM
From: Zeev Hed	Read Replies (3) of 36161

Art, actually, if Crude stays around $30 for any length of time, it opens vast resources in tar sands in Alberta. Frankly, if we wanted energy independence we could do that by taxing all Non North American imported oil with a variable tax, assuring crude at $32 or so these fields can be developed. Of course, such a tactics smells of "protectionism, but it is also a major reason that OPEC always increases production when crude gets to the $28/$32 area, kind of over head barrier. Opec does not want these resources developed, for obvious reasons. Zeev

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