Alberta has oil reserves second only to Saudi Arabia :: Fortune
If you want to form an opinion on where oil prices are headed, be sure to factor this in: while it's expensive to get oil from tar sands ($20/barrel) it's still well below the current price of oil. And Alberta has got lots.
Read it all.
If you want to form an opinion on where oil prices are headed, be sure to factor this in: while it's expensive to get oil from tar sands ($20/barrel) it's still well below the current price of oil. And Alberta has got lots.
Read it all.
Labels: Bahrain, Saudi Arabia
posted by John B. Chilton at 9/25/2005 09:13:00 PM
2 Comments:
Well, had the OPEC wanted to edge out competition, they could drive the price of oil below 20 dollars with excess output.
Bring it on. That only reinforces my implied conclusion: in 10 years time the price of crude will still be less than $100 even if the Indian and Chinese economies continue their rapid growth.
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