The commentary about the marginal reservoirs that smaller thermal operators face is telling. We might have an assload of resource, but it’s in poor reservoir, requires lot of energy to extract, and is a low quality product. These are physical realities that will make attracting new investment into these plays a major challenge, even if we had zero tax and unencumbered market access. Low EROI energy sources will always need to be subsidized by higher EROI energy sources if they are going to continue to be utilized. These don’t make good investments, by and large.
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Originally Posted by Biff
If the NHL ever needs an enema, Edmonton is where they'll insert it.
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