Quote:
Originally Posted by Kybosh
Just wait until recovering gas hydrates becomes technologically and economically viable.
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Ok I am certain I am not understanding this correctly... can you please be more specific? Because as far as I know gas liquid yields are what's driving today's deep basin economics. If you're talking about something else, I apologize but I am reading "gas hydrates" as all your "anes" (propane / butane / pentane etc etc etc) and not only are they the key to economics today they're in very high demand, only to go higher in demand if oil prices remain strong. Am I totally out to lunch on what you're referring to as gas hydrates??
Here's what's happening in oil and gas, shale gas unlocked enough gas for the rest of our lives plus our kids and their kids. Nobody in AB drills for gas, they drill for oil or for liquid yields. Liquids are then sold as a diluent to oilsands oil (mixed with crappy bitumen oil to create a higher quality synthetic oil and then subsequently marked up and sold). There isn't enough infrastructure right now for NG liquids, this is a huge problem. Depending on oil prices holding, (although I suspect it's going to continue to fall in the next couple months), NGL prices will remain strong.
Quite frankly, the conversion to NG is a very good idea for AB. Not only will it keep people employed, but it will be cleaner and AB needs the leverage as environmentalists the world around continue to piss on our province because of the oilsands and it's ridiculous terrible image.
If AB refuses to properly market the oilsands environmentally (because it can't), then you might as well offset your emissions with NG alternatives and use this insanely abundant, extremely cheap energy source.
AB has a really amazing opportunity, it should move to NG.
PS- AB also has a crap ton of gas.