Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?

To: MIRU who wrote (1906)	8/20/2005 2:20:24 PM
From: rubbersoul	Respond to of 25575

FWIW, my wife's cousins have been working for Honda for quite some time and travel around the world for the company. They told me last week that China's appetite for Honda vehicles are voracious and have been increasing. Honda has had to fly their workers from other countries into China in order to compensate for the demand. They also told me that the high cost of steel prices are somewhat of a problem, fwiw. JH

To: MIRU who wrote (1906)	8/20/2005 6:14:59 PM
From: Taikun	Respond to of 25575

Considering it would take global demand up another 5mbpd (1.8bn) for each 1bbl/person/year increase in Indian and Chinese consumption, we are talking big numbers. To add 10bbl/person/year would be 18bn addl demand/yr. If we wanted to make the US 100% self sufficient using oil sands (ie 7.5bn bbl/yr) using COS.UN construction costs (probably conservative with oil sands CAPEX costs rising) it would cost $1trl. 18bn/7.5=2.5trl in CAPEX to increase China to 6.3 and India to 5.7. This is still 1/3 S. Korean demand.