Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (389582)	6/7/2008 2:06:32 PM
From: i-node	Read Replies (1) of 1578445

What is wrong with you? If it were financially suitable, they would be extracting the oil from the oil sands in VZ. The fact that they aren't is an important data point. BTW I follow stocks that extract oil from the oil sands in Canada and they have yet to see a profit. That may change this quarter but it hasn't happened yet. And those sands are on the surface......not buried like in VZ. The recovery cost for conventional oil wells can range from $1 to $6 per bbl. Recovery of Candian oil sands is estimated at C$12/bbl. Obviously, the cost are slightly higher if the oil sands are deeply buried. Still, with price/bbl at over $100, there is little doubt that oil sands become very economically recoverable. When you can pump oil out of the ground for less money, obviously, VZ is going to prefer that over mining oil sands. That is not, in any way, to suggest they aren't economically recoverable. Oil sands will be a significant contributor to the supply over the coming years. Not one bit of doubt about that.

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