Quote:
Originally Posted by Cowboy89
Bitumen will be absolutely worthless in 100 years. It's the most marginal barrell of production in the world. Meaning it's the least economic, and the first to be displaced in lower price scenarios. We have much more than 100 years worth of Bitumen at any development schedule. Higher royalties will leave more of it in the ground forever at a financial benefit to no one either government or industry. It's not like a piggy bank where we can choose when to make a withdrawl.
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Yet you're the guy saying that the $300 dividend cheques are a good idea. Cognitive dissonance at it's best. If it's going to be worthless we damn well better be saving those resource revenues.