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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Beachside Bill who wrote (59664)	8/10/2006 3:25:49 PM
From: Tommaso	Read Replies (1) \| Respond to of 306849

>>>just because one thing got cheaper does not mean other things got more expensive.<<< Actually a lot of other things did get more expensive in Fort McMurray. There are terrible labor shortages, and the 30-foot-tall tires on the trucks that haul the tar sands to the cokers are getting impossible to replace at any price. As I said, the cost for extracting oil from the tar sands is more like $25 a barrel than $10 a barrel, and much of that cost is natural gas.