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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 414.48

+0.7%

Jan 9 4:00 PM EST

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To: energyplay who wrote (53461)	8/12/2009 9:42:08 AM
From: Tommaso	1 Recommendation Read Replies (1) of 219234

As I keep saying, this natural gas oversupply is terrifically good news for tar sands projects. In some respects, those projects represent conversion of methane to gasoline, not just the use of gas to heat the bitumen (whether mined or in situ). The hydrogen in the methane makes possible the process of converting the long-chain paraffins in the bitumen to lighter fractions. As I see it, the only real risk to tar sands is ecopolitical, with emphasis on the political part. Canada at any time can either tax or expropriate this natural resource.

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