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Old 01-22-2007, 09:45 PM   #24
Red Mile Style
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Join Date: Apr 2006
Location: Vancouver
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Quote:
Originally Posted by Flames in 07 View Post
Oil doesn't run out for about 150 years. A North America version of OPEC would do nothing, OPEC will still control oil prices. We have a sizable Heritage fund, Royalties structure is renowed around N America.

the Oilsands break even price of $32 above is at current labour cost levels which are outragous, at normal levels they would work at $25.

Crisis averted eh?
Every thing you're saying here isn't fact. I have just as much proof (if not more) that we are at the oil peak right now as you have for saying it will run out in 150 years. But, at least you realize that the oil will run out, which most people just don't realize (or care).

I don't see how a North American version on OPEC CAN NOT NOT do anything. I will take the ignorant Western philosophy of if we want something, we take it. If anything I would like you to explain this point the most. I am not sure why Canadians/North Americans/Westerners allow OPEC to dictate to us what our oil is worth, but if you're happy with the amount of power foreign governments have over our markets, yay.

I'm not really sure what you mean about the royalty structure being "renowed" either... it's the lowest on the planet. The obvious place for the highest is Sweden or Norway, and even the US has higher royalties than Alberta. The Heritage Fund... if you feel confident that that will sustain Alberta, great.
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