BunsGettingFirm
Thinks s/he gets paid by the post
- Joined
- Jan 27, 2004
- Messages
- 1,502
Cute n Fuzzy Bun'ny said:
Please no because then we'll have a Natalie Holloway story/Amber Alert. Then it'll really be a thread never dies.
An OLd Liberal " Gets It"
- Thread starter haha
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Please no because then we'll have a Natalie Holloway story/Amber Alert. Then it'll really be a thread never dies.
Cut-Throat said:
Yep, most of the world's known reserves of oil shale/tar sand is in North America )(and more in the US than Canada). It is noraly considered economical to recover when oil hits $40 per barrel --if it stays there for a long time. Royal Dutch Shell reportedly has a new process that makes it profitable down to $30 per barrel.
Ed_The_Gypsy
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
samclem,
Gee. I seem to remember that Syncrude and Suncore can make money down to $15/barrel. Shell just 'raised the bar' by paying more per barrel for an oil sands asset than anyone else ever had.
DON"T follow the technologies. Find a well-run oil company by checking are they replacing the barrels they produce with new barrels discovered. And check their balance sheets. In the past 20 years, several previously well-run oil companies have dug themselves into a hole. Shell got into trouble a couple of years ago by reporting their reserves on the generous side. Not quite Enron, but a couple of big guys got sacked.
Don't pay too much for an asset and don't buy the hype. I just saw a special on the Bronfmans and how the grandson of the old man lost the family $6 billion US.
El Gitano
Gee. I seem to remember that Syncrude and Suncore can make money down to $15/barrel. Shell just 'raised the bar' by paying more per barrel for an oil sands asset than anyone else ever had.
DON"T follow the technologies. Find a well-run oil company by checking are they replacing the barrels they produce with new barrels discovered. And check their balance sheets. In the past 20 years, several previously well-run oil companies have dug themselves into a hole. Shell got into trouble a couple of years ago by reporting their reserves on the generous side. Not quite Enron, but a couple of big guys got sacked.
Don't pay too much for an asset and don't buy the hype. I just saw a special on the Bronfmans and how the grandson of the old man lost the family $6 billion US.
El Gitano
