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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Beachside Bill who wrote (59664)8/10/2006 3:25:49 PM
From: TommasoRead Replies (1) of 306849
 
>>>just because one thing got cheaper does not mean other things got more expensive.<<<

Actually a lot of other things did get more expensive in Fort McMurray. There are terrible labor shortages, and the 30-foot-tall tires on the trucks that haul the tar sands to the cokers are getting impossible to replace at any price.

As I said, the cost for extracting oil from the tar sands is more like $25 a barrel than $10 a barrel, and much of that cost is natural gas.
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