Quote:
Originally Posted by Cowperson
Actually, the drama queen moment for the CBC is when it said in its story that the initiative to go to 5 million barrels a day comes out of the USA in this particular 2007 meeting.
They neglected to tell you its a goal established by Canadians in 2004 in the Oilsands Technology Roadmap at the link below:
http://www.acr-alberta.com/Projects/...gy_Roadmap.htm
That's my point.
Secondly, I have no doubt at all the largest oil-consuming nation in the world (and also the second largest producer by the way) would love to see production at Fort McMurray ramped up five-fold ASAP since America is the most convenient and obvious place to send the stuff. Whatever we produce is quite likely to end up in the USA and laying out the means to get it there, either unprocessed or pre-processed into different products, is something to talk about on both sides of the border.
Interestingly, such a five fold increase in short order might well pressure oil prices lower since oil is a global market, not a continental one like gas.
If they wont agree to that, then ###### em.
What are you going to do? Not sell oil?
Canada at least has that choice. Unlike Venezuela or Iran or other places that are basically worthless holes except for a single product.
Cowperson |
No, but I am sure countries like China or Europe (with the recent Russian pipleline instability might be a try).
I am said that in response to the indication that they were pushing for a 5X increase in production from Alberta with the obvious implication as to sell it to them.
With the problems a 5X increase would produce, Alberta/Canada would need serious concessions from the US - if they dont say ok, then say ###### em to the 5X increase.
MYK