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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (2983)	10/17/2001 11:03:29 PM
From: Cogito Ergo Sum	Respond to of 36161

Hi Zeev, re: Tar Sands development. Message 16508189 regards Kastel a cute and cuddly Canadian

To: Zeev Hed who wrote (2983)	10/17/2001 11:33:55 PM
From: Mike M	Respond to of 36161

We also have shale oil in the northwest which could be made competitive with the right investment...We simply need the impetus.

To: Zeev Hed who wrote (2983)	10/18/2001 8:32:23 AM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 36161

Zeev, an energy tax on imported products would be sensible but not feasible. The current administration is bent on reducing taxes, not increasing them, and certainly would not look favorably on any measure that artificially increased the cost of oil. But you're right that higher priced oil would foster more exploration and drilling. It would also encourage faster development of non fossil fuel resources, including photovoltaic and wind alternatives. The current state of the art of windmills is competitive with oil at about $26 per barrel. Florida Power already has about 1000 mw wind generating capacity in centralized wind farms throughout the U.S. I've seen windmill designs for individual homes or small businesses, which are competitive with oil at current prices. Art