Oil Sands and Related Stocks Message Board

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Gold/Mining/Energy : Oil Sands and Related Stocks

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To: gregor_us who wrote (11096)	7/6/2006 10:06:07 AM
From: rubbersoul	Read Replies (1) of 25575

Inflation will be an obstacle for all commodity related companies. Yes, there are specific issues related to oil sands (water.NG) but what commodity company is not having to pay higher prices for metals and are not having difficulty finding skilled labour? What might be the result of this crises? IMO it will be higher commodity prices and a re-valuation of these companies. These projects can not be abandoned. The world still needs oil. China just reported a +20% (compounded!) increase in oil imports compared to last year in May. If the oil sands are shut down, where else would we turn to in the immediate future? Like Boone Pickens says, there has not been a major oil discovery in over 30 years. This is why he is so heavily invested in the oil sands. Just my quick, dirty, and probably flawed opinion ;O) JH

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