Subj : Re: Katrian Update
To   : Tharius
From : Deuce
Date : Mon Aug 29 2005 14:43:00

  Re: Re: Katrian Update
  By: Tharius to Newborn on Sat Aug 27 2005 23:43:00

 > The only bet I'm going to take is that the following will increase the price
 > of oil :
 > 
 > A new __major__ deposit of oil has been found.
 > In a friendly country who has generally modest/moderate politics and no
 > history of violent uprising.
 > That is eager to offer concessions to north american producers to help bring
 > the wells to fruition.
 > Can be pipelined, no need for tankers.
 > Looks to be premium crude, in an area which is a non-environmentally
 > sensitive area.
 > Can be developed and brought to market reasonably quickly.
 > Decides to co-operate with major oil producing nations to ensure price
 > stability.

It's even better than that:
Many americans are unaware of the Alberta oil sands.  Essentially, it's sand
that's filled with oil.
So...
1) Canada's pretty darn friendly.
2) We're not currently eager to offer concesstions to USA producers due to the
softwood lumber dispute, but we have historically gotten alogn very well.  And
really, internal politics are such that if the federal government started
trying to tell the albertans what they could do with their oil, the albertans
would likely tell the federaly government what they could do with their...
*cough*
3) I can confortably be tossed across the border... a pipeline could be set up
quite easily.
4) It's bitumen... easily processed into ultra-premium synthetic crude.
5) Already developed/developing and on the market.  Expect it to grow very
quickly now (Initially, the $40USD/barrel prevented large investements... it
looks quite nice now.)
6) So far, none of the oil sand miers have shown any tendency to "co-operate
with major oil producting nations" in any price-fixing scheme they happen to
have.

Total reserves are estimated well over the total for Saudi Arabia.

Of course, it may be time to start looking into investing in oil shale mining
in the USA.

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