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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (116131)	1/3/2009 9:23:17 PM
From: Rock_nj	Respond to of 206222

Who owns the oil sands? NORVAL SCOTT In the past year, several large chunks of Alberta's vast oil sands fell under foreign control: Shell Canada was bought out by its Anglo-Dutch parent; Western Oil Sands was acquired by U.S.-based Marathon; and North American Oil Sands now belongs to Norway's Statoil. While this might seem ominous, few of these companies have yet to haul any heavy crude. So far, the only foreign projects turning the tar into oil are the small-scale Hangingstone site (operated by Japan's JACOS, a long-standing oil sands player) and the massive Athabasca Oil Sands Project (Muskeg River), owned by an international consortium led by Royal Dutch Shell. Add to that EnCana's 50/50 partnership with U.S.-based ConocoPhillips, and the total foreign output is still less than Suncor produces on its own. topix.com I guess not all of them. But does anyone know if the majors like Suncor have major U.S. shareholders? In any case, U.S. companies will buy crude oil from where it is cheapest. The Canadian Oil Sands can lie dormant for a year or so, and then when the economy recovers and oil demand ramps up, the Canadian Oil Sands will once again be profitable and be highly sought after.