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Gold/Mining/Energy : Petrobank Energy & Resources Limited -- Ignore unavailable to you. Want to Upgrade?

To: Cal Gary who wrote (147)	8/20/2007 3:37:31 PM
From: daveinmarinca	Respond to of 156

Today's "Peak Oil Review" < aspo-usa.com > written weekly by retired analyst Tom Whipple, is particularly interesting as it relates to the market, political and regulatory environment that PBG operates in. Section 1 closes with, "Any realistc appraisal of the Iraq situation must conclude that it continues to deteriorate and that many years of hard fighting and political upheaval are ahead before a political entity strong enough to grant foriegn oil companies secure access to Iraq's oil resources could possibly evolve."...in other words....crude prices will stay up. Section 2, Rumblings from Canada reviews the political situation between Alberta and Ottawa...a must read since that's PBG's home turf. IMHO, it couldn't be more favorable for THAI/CAPRI. Important to remember Ottawa funded part of Whitesands < ic.gc.ca!OpenDocument > so they are aware of the success story at Christina Lake. During the next couple of years, we'll see a battle between the old school (mining/SAGD/upgrading) and their political supporters in both Edmonton and Ottawa and the environmental regulators who will push for tighter emissions limits. Petrobank will have the "wind in their sails" on all fronts...economic and regulatory....supporting development and industry recognition of THAI/CAPRI. One couldn't ask for a better setup :<)