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

To: Jacob Snyder who wrote (5357)	12/13/2001 11:16:32 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 36161

Hi Jacob, T further exacerbate the situation we have lots of oil. How much oil is in Alberta's oil sands deposits? Alberta's three oil sand deposits — Athabasca, Cold Lake, and Peace River — contain resources that could supply Canada's energy needs for more than 475 years, or total world needs for up to 15 years. The production potential of all the oil sand deposits could be as high as 2.5 trillion barrels of bitumen (five times more than the conventional oil reserves in Saudi Arabia). The Athabasca deposit is twice the size of Lake Ontario. There was a time when cheap oil meant ME oil. That's changing of course. A favourite link of mine is. syncrude.com I belive Syncrude costs are down to about 9$ a barrel now so 15$ oil no big problem, just a less margin. regards Kastel