[Candor7]

I can tell you that the Saudis are worried. The only way they will be able to prevent Alberta Oil Sands development is to bring the price per barrel down to $30.00

Not likely. The Saudis are on the take, and it will be their last hurrah. At $90.00 a barrel, my Aunt Harriet is wringing oil out of her petunias.

Alberta oil sands in here to stay. Even the most conservative investment cousellors in Canada are advising their investors to buy now. There are two companies involved.

That has the Saudis all cranked.

Too bad. They have competition OUTSIDE of OPEC.

And whats more: " Screw you Chavez!"

[Kellis91789]

This oil minister’s claims about oil sands needing $50 oil prices are also off a bit. Back in 2005, the cost figures for Alberta oil sands was less than $20. You don’t need a 150% markup to continue with a business. The oil sands could get by at $30 oil.

Still, the main point of a price differential is still important. Even at $30, the Saudis still have $25 profit, and could still undercut oil sand costs by a big margin.