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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: SiouxPal who wrote (176025)	11/27/2005 8:01:34 PM
From: Wharf Rat	Respond to of 281500

Damn, I am proud of you :>) You are learning.

To: SiouxPal who wrote (176025)	11/28/2005 2:24:02 AM
From: mistermj	Read Replies (1) \| Respond to of 281500

Oil Sands are ramping up nicely and showing proof of the business model. >>Suncor's success can be measured by stock prices that have increased an incredible 400% in the past five years compared to a flat-lined Dow and a dropping Nasdaq and S&P 500. Yet business is booming now more than ever. Suncor has just finished expanding production capacity from 225,000 barrels per day to 260,000 and plans to reach 350,000 barrels daily by 2008. On the whole, the industry expects production to triple by 2020. Thus while mature oil wells produce less each year, oil sands companies can keep producing more – a rather happy trend. Driving such expansion is the obvious – sustained high prices of petroleum – as well as continually improving technology that keeps making it cheaper to both mine and convert oil sands. Syncrude spent only $15.27 (U.S.) last year in total production costs to produce a single barrel of its low-sulphur "Syncrude Sweet Blend." Suncor calculates that in 2004 it spent $9.81, although spokesmen for both companies confirmed they use different accounting methods to arrive at their figures. In any case, current petroleum prices of about $60 a barrel hardly need to be sustained for Canadian companies to continue to squeeze liquid gold out of their lands with plenty of money to expand operations.<< fumento.com