Ok I'll make this too the point because I love ranting:
1. Fossil Fuels are a commodity...as long as the price it right it will be accessed. Funny thing is the people in the energy business understand this; even smart fellows on this board (Reggie/Transplant) don't seem too. Ex: I work in Australia after doing time in Canada, here the domestic market is $1/GJ for natural gas...what do we do? Book the reserves as fuel for a Natural Gas fired power plant, so now I get $15/kWatt...that's an extra 10%+ on my reserves and I look like a star. Moral is that we know lots about energy and how it works and how to make money off it.
2. This leads to my second point...Environmentalists seem to not know how economics work...some do...others that don't are just part of a bad debate. Energy companies hedge their bets, who do you think funds all of the quirky "new sources" and alternatives. Not all is lost, environmentalists have two huge tools at their disposal to stop Economics. A) Their wallets, quit buying it...Even at $100/bbl oil is cheap. B) Politicians...don't like the economics go to your local politician yourself or become one and lobby to make it more expensive...reason this doesn't happen...popular opinion doesn't sway that way. Also hidden third point C) Even if it is pricier we'll still make money either drilling for oil/natural gas still with new economics or we'll switch to producing alternatives.
3. People are lazy and good at simple math, so they buy whats available and easy...I mean transplant didn't even look up when the last refinery was built or grasp the concept that a pipeline goes under the ground where it can't be seen. A refinery is what makes Edmonton look like a sh*t hole when the lights come on, no one wants that in their back yard. Just to emphasize my above points politics blocks refineries AND economics do as well! Haha the profit on a refinery is like 2% on certain products.
4. That article is horrible...the only good thing it did was bring out a couple guys that know energy to laugh at some of the less informed posters on the issues. It's a pointless debate, I won't change your minds and you guys can't organize and change the world faster than I can switch teams if things are looking dire for Mr. Rutuu on this side of the fence.
Haha...oh one last twist of the knife; environmentalists your hate of CO2 and "carbon" just makes us more money. The government of Alberta paid for a CO2 pipeline for "reinjection", the company that was "environmentally friendly" now has an asset worth billions, not because of CO2 credits, but because they can sell the CO2 for a profit for anyone in Alberta that wants to perform a CO2 flood and increase their oil recovery factor to 50-60% from 20-30%.
I love money...it never lies...and is the fairest game out there...anyone of you could have looked up Denbury in the USA and seen it was a $2billion company and anyone of you could have organized and gotten your politicians to give you the money for the pipeline, but you didn't and you never will.
Now please quit complaining...we told you how to win, now do it if you really care.
