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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (77260)	9/24/2001 2:23:31 AM
From: E. Charters	Read Replies (2) \| Respond to of 116752

North Slope Oil does not matter as there is plenty of crude in the Tar Sands of Alberta, Venezuela, and Russia. As well there there is Arctic offshore and Artic islands Oil (not yet drilled for). Also Arctic Islands tar sands. Lots of Alberta in situ heavy crude. (So far mothballed with plants in place.) We may someday look at sub-sea Artic icecap oil. Then there is solvent extraction, advanced fracing and sideways drilling, more, deeper and better continental exploration, and offshore oilfields in dozens of places. In addition, I have seen sources of the tar sands not yet known about, in situ. This could be a major field. Get out your checkbook. There is an extimated 7 Arabias in the CDN tar sands at present grades. Oil costs 11 dollars a barrel to get out of the sands and that cost has been steadily declining. 6 billion is to be invested in the tar sands by Suncor and Syncrude over the next few years. That program started the year before last. As a bonus, there is an estimated 11 dollars of recoverable metal in the tailings alone. Simple fact is we don't really need Arabia, Iraq or Kuwait if we have to get along without them. There is plenty of energy. After all of the above is done in about 125+ years, we can go for sea bed hydrocarbons, fusion, and near earth asteroid belt hydrocarbons. For the next 50+ years, Canada is the King of Oil. EC<:-}