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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (16250)	4/3/2003 8:40:38 AM
From: crdesign	Respond to of 89467

"I started working as an independent contractor for a large Michigan law firm that is helping to defend IBM..." defend IBM from what? THEMSELVES? <VBG> I was wondering where you went. I thought maybe the CIA put a sock in your mouth. ...i wouldn't put it past them. Good to see you back Scott keep up the 'Real'info. Tim

To: stockman_scott who wrote (16250)	4/3/2003 10:17:42 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

"Athabasca Oil Sands contain more oil than ... Saudi Arabia" (clip from John Myers of Outstanding Investments he runs a fine natural resource and mineral investment newsletter) In a world of increasingly volatile geopolitical tensions, Outstanding Investments has argued for months that domestic supplies of oil and gas will become increasingly vital to the well-being of the U.S. economy. That's why we recommend stocks like Suncor Energy, a company that literally "mines" oil from tar sands in Alberta, Canada. Despite the unusual geological nature of Suncor's reserves, it's "syncrude" refines into gasoline and jet fuel just as well as Saudi oil. The one important difference between these two versions of crude oil is that Suncor sits right next door in Canada, not halfway around the world in the middle of the Arabian geopolitical tinderbox. What's more, Suncor's reserves are considerable. The Athabasca Oil Sands, where Suncor runs its operation, is the largest of these oil sands deposits. It contains over one trillion barrels of bitumen on its own, although only about 300 billion barrels of bitumen can be recovered using current methods of mining. By comparison, Alberta's conventional oil reserves are currently estimated at about 4.5 billion barrels of oil. Even more significantly, the Athabasca Oil Sands contain more oil than all the known reserves in Saudi Arabia. Suncor is but one example, albeit a very unique one, of a company possessing large North American oil reserves. Finding companies with domestic oil reserves isn't too difficult, but finding companies with considerable and/or growing reserves is very difficult indeed.