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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (487)2/23/2004 3:35:18 PM
From: patron_anejo_por_favor  Read Replies (3) | Respond to of 116555
 
<<It is possible to supply NA with oil IMO using this stuff but only if we quickly work to resolve the problems. It is quite likely a "disaster" in the ME will force this issue.>>

It is possible, at much higher prices and at huge cost of pollution, than its proponents would have you think. My guess is it becomes economically feasible on a large scale at a crude price of 50/bbl and higher.



To: mishedlo who wrote (487)2/23/2004 3:50:52 PM
From: who cares?  Read Replies (2) | Respond to of 116555
 
Trotsky had a post on kitco about the possibility of oil from sands in Canada. To say he was bearish was an understatement. His main objection were, you would need to use 20%(and even that I think he saw as a conservative estimate) of all of Canada's natural gas, to extract the oil, and in his figuring, all of the extractable oil would be equal to nort american demand in 1 year.


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