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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (582698)	6/13/2004 9:10:33 PM
From: DavesM	Read Replies (1) \| Respond to of 769667

Subject: Tejek claim that Lend Lease to the Soviets, pulled the U.S. out of the Depression. False. The Soviets went to war with Germany in 1941 - before that time, the Soviets were outspokenly against America's support of Britain. Exactly how much of the lend lease loans did the Soviets pay back to the United States? When you "sell" equipment to someone, but don't expect to get paid, it is a gift. BTW, BEFORE the start of the Second World War (1939), the U.S. economy was in recovery - according to the NBER (the organization that officially dates recessions). re:"Giving equipment? We were selling it. That's how we got out of the depression." Subect: Tejek's claim that Canadian tar sands are not economic. Wrong. You are living in the past. The bulk of Canadian oil are tar sands, not shale oil. I understand that a considerable amount of oil that Canada sells to the United States is from tar sands. Cost? About $12/barrel. "Undaunted, energy companies have ploughed billions of dollars into bringing down the cost of producing oil from tar sands. This has dropped from about $30 a barrel three decades ago to less than $12 a barrel at the latest facility, which was officially opened by Royal Dutch/Shell and its partners on June 19th"- The Economist -http://www.economist.com/science/displayStory.cfm?story_id=1875182 re: "Yes, Iraq is third when you count the Canadian oil that is mostly in shale and other composite forms at this point. Its a form that makes it very difficult and expensive to extract. That's why Iraq is generally given the title of second largest reserves because their oil is far more accessible and makes more sense economically to extract"