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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (224592)	3/17/2005 1:10:26 PM
From: TimF	Read Replies (1) of 1572167

As for the Alberta tar sands, crude at $30 per barrel was supposed to make oil extraction viable.......strangely enough, now that crude is at $55 per barrel, an increase in extraction has not happened in the tar sands. I guess another urban legend bites the dust. Yes $30 probably was to low of estimate, but the estimate was $30 years ago which would be more than that now even if it would not be $55. Also whatever price is needed ($60?, maybe $100? and in current dollars not future inflated dollars) it would have to be sustained for years before anyone made the big investment required. Tim

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