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

To: gregor_us who wrote (11096)	7/6/2006 9:49:25 AM
From: CommanderCricket	Respond to of 25575

Very bullish longer term as it shows how expensive new production is costing the producers. Saudi Arabia has 100 rigs turning right - so much for opening the tap a little more... The easy cheap stuff is gone. CC

To: gregor_us who wrote (11096)	7/6/2006 10:06:07 AM
From: rubbersoul	Read Replies (1) \| Respond to of 25575

Inflation will be an obstacle for all commodity related companies. Yes, there are specific issues related to oil sands (water.NG) but what commodity company is not having to pay higher prices for metals and are not having difficulty finding skilled labour? What might be the result of this crises? IMO it will be higher commodity prices and a re-valuation of these companies. These projects can not be abandoned. The world still needs oil. China just reported a +20% (compounded!) increase in oil imports compared to last year in May. If the oil sands are shut down, where else would we turn to in the immediate future? Like Boone Pickens says, there has not been a major oil discovery in over 30 years. This is why he is so heavily invested in the oil sands. Just my quick, dirty, and probably flawed opinion ;O) JH