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.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (389340)	6/7/2008 1:54:46 PM
From: tejek	Read Replies (2) \| Respond to of 1578198

Not only are their oil sands more difficult technologically to mine but more expensive There is no technologial nor financial barrier to exploiting these reserves fullbore. Its being done ... on a much smaller scale than it could be. They can be exploited cheaper than Canada's oil sands. And their oil sands industry is being expanded as we speak. What is wrong with you? If it were financially suitable, they would be extracting the oil from the oil sands in VZ. The fact that they aren't is an important data point. BTW I follow stocks that extract oil from the oil sands in Canada and they have yet to see a profit. That may change this quarter but it hasn't happened yet. And those sands are on the surface......not buried like in VZ.