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Alberta oil too costly: Saudi official
Calgary Herald ^
| 11/14/07
Posted on 11/14/2007 6:23:22 PM PST by Dane
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Saudi's running scared that their golden spigot is about to have competition?
1
posted on
11/14/2007 6:23:24 PM PST
by
Dane
To: Dane
Stable supply is more important than low price IMO. Besides, the cost of extracting the Alberta oil will go down as the extraction technology improves.
I was talking to a Canadian engineer who was in Tokyo trying to line up Japanese expertise and investors and he was getting a lot of attention from some powerful companies here.
2
posted on
11/14/2007 6:28:44 PM PST
by
Ronin
(Bushed out!!! Another tragic victim of BDS.)
To: Dane
If I knew my gasoline was derived from Canadian oil sands and not Saudi crude, I would gladly pay $3 a gallon at the pump.
3
posted on
11/14/2007 6:29:02 PM PST
by
OCC
To: Dane
OK Mr Suadi...then put them out of business by dropping the price of your oil to $30.00...otherwise STFU
4
posted on
11/14/2007 6:29:13 PM PST
by
Ouderkirk
(Don't you think it's interesting how death and destruction seems to happen wherever Muslims gather.)
To: Dane
Ali Al-Naimi noted that the "sands of oil" in northern Alberta need prices to be at least $40 to $60 US a barrel... We passed that up about $40 ago.
5
posted on
11/14/2007 6:29:23 PM PST
by
E. Pluribus Unum
(Islam is a religion of peace, and Muslims reserve the right to kill anyone who says otherwise.)
To: Dane
what is OPEC actually selling for these days?
6
posted on
11/14/2007 6:29:38 PM PST
by
Vn_survivor_67-68
(CALL CONGRESSCRITTERS TOLL-FREE @ 1-800-965-4701)
To: Dane
Maybe they realize that they have allowed the price to go too high?
I think they need to start bringing more oil to market quickly if they want to stifle the new kid on the block. Once the initial infrastructure to develop Alberta oil is in place, the cost to bring it to market in the US will be a lot less.
To: Dane
The product is there. The need is there. The technology to develop it will follow.
8
posted on
11/14/2007 6:30:43 PM PST
by
kinoxi
To: Dane
A theory I have, is the US is intent on paying what seems to be expensive prices today, buying overseas, to save our own hemisphere stocks for later. Smart plan, and allows for a very large strategic oil reserve.
This is like me eating my sisters lunch first, then mine. The other way around, I always had to eat my food really fast, and I’d only get about half of hers.
To: kinoxi
"The product is there. The need is there. The technology to develop it will follow." Lee Majors, as the 600 billion dollar man. We can make him stronger, faster, more impeccable than before, we just need your damn oil!
To: OCC
And if I knew it came out of ANWR, I’d pay $4/gallon.
11
posted on
11/14/2007 6:35:42 PM PST
by
OrioleFan
(Republicans believe every day is July 4th, but DemocRATs believe every day is April 15th. - Reagan)
To: Dane
Saudi oil money comes back to us in car bombs and radical jihad. Canadian oil money comes back to us in vacationing Albertans and British Columbians getting medical treatment. Which should we prefer?
12
posted on
11/14/2007 6:35:53 PM PST
by
KarlInOhio
(Government is the hired help - not the boss. When politicians forget that they must be fired.)
To: Professional
A theory I have, is the US is intent on paying what seems to be expensive prices today, buying overseas, to save our own hemisphere stocks for later. Smart plan, and allows for a very large strategic oil reserve. What you're saying is unofficial policy according to what I've read.
13
posted on
11/14/2007 6:36:04 PM PST
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: Moonman62
And it only makes sense. Besides, oil gets any more expensive than now, the American farmer could plant bio crops. I’d assume that the break even point on that, is getting pretty close actually.
To: Dane
When will the US get it’s head out of it’s ASS and drill locally? Screw imports!!!!!!!!!!!!!!!!!!
15
posted on
11/14/2007 6:40:42 PM PST
by
gathersnomoss
(General George Patton had it right.)
To: Professional
Right, we use up all the ME oil now and then our grand children won’t have to deal with that part of the world.
16
posted on
11/14/2007 6:41:28 PM PST
by
BallyBill
(Serial Hit-N-Run poster)
To: BallyBill
Yes, the plan is to use the oil, then kill them all, and take back the money. Karl Rove is such a genius!
To: OCC
Have you been to a gas pump lately?
18
posted on
11/14/2007 6:42:44 PM PST
by
FreedomPoster
(Guns themselves are fairly robust; their chief enemies are rust and politicians) (NRA)
To: OrioleFan
Let’s Go Red Sox!!!!
Clap clap clap clap clap.
Sound familiar at Camden Yards?
(Sorry, couldn’t resist)
Back to scheduled programming
19
posted on
11/14/2007 6:44:13 PM PST
by
misterrob
(Nine down, 10 more til the Pats win the SB again.)
To: E. Pluribus Unum
THey're running the price up to make extraction of the Green River oil shale deposits economical, and maybe even the Indiana oil shale/uranium ore deposits nearly so.
OPEC screwed up.
20
posted on
11/14/2007 6:44:45 PM PST
by
muawiyah
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