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Politics : View from the Center and Left

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To: thames_sider who wrote (25217)	7/26/2006 9:17:26 AM
From: see clearly now	Read Replies (1) of 541805

The Athabasca tar sands oil in Northern Alberta Canada is now producing significant quantities a day at a reported cost of 17 dollars a a barrel including cost of energy input as I understand it..the more sustained profit the more sustained investment will flow to increasing production...the reason for the qualifier 'sustained' is that there is a 7-10 year time frame required to plan, receive approvals and bring a new plant into operation . Thus with oil price bouncing up an down in a wide range it does not engender confidence in investors..as I remember the figured there is more proven oil there then in Saudi Arabia..

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