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Tar Sands Profitability Questionable....

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Ken Harris View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Ken Harris Quote  Post ReplyReply Direct Link To This Post Posted: 26/August/2007 at 2:31pm
I agree with Doug.

Paul:

Guess you overlooked the most important part of that post. The part that is going to push gas prices up all over Canada this winter to over $1/litre. I post it here again for you to read:

Perhaps the bigger risk to gasoline prices than hurricanes is the political tension in the oil-rich Middle East and turmoil in the financial markets.
"It's a geopolitical storm that could be brewing," Melek said. "People will bid up prices to secure supply."
Also, the financial hurricane raging in world credit markets could prompt oil producing countries, set to meet next month to discuss quotas, to keep production down out of fear that demand will fall if the global economy slows.
If production stays low and a slowdown fails to materialize, that could lead to a tightening of supplies and hence higher prices as the approaching northern winter increases demand for heating fuel.



Inventor of Teflon Carpet Wand Glides.Free Glides for all Cleaners in June!
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doug View Drop Down
King of the One Liners
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Post Options Post Options   Thanks (0) Thanks(0)   Quote doug Quote  Post ReplyReply Direct Link To This Post Posted: 26/August/2007 at 3:37pm
he who controls the tap controls the flow??
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cmaster View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote cmaster Quote  Post ReplyReply Direct Link To This Post Posted: 26/August/2007 at 4:40pm
Originally posted by Ken Harris Ken Harris wrote:

I agree with Doug.

Paul:

Guess you overlooked the most important part of that post. The part that is going to push gas prices up all over Canada this winter to over $1/litre. I post it here again for you to read:

Perhaps the bigger risk to gasoline prices than hurricanes is the political tension in the oil-rich Middle East and turmoil in the financial markets.
"It's a geopolitical storm that could be brewing," Melek said. "People will bid up prices to secure supply."
Also, the financial hurricane raging in world credit markets could prompt oil producing countries, set to meet next month to discuss quotas, to keep production down out of fear that demand will fall if the global economy slows.
If production stays low and a slowdown fails to materialize, that could lead to a tightening of supplies and hence higher prices as the approaching northern winter increases demand for heating fuel.





I read it, but didn't see any 6.00/litre mumbo jumbo
     

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Superglide Ken View Drop Down
Grand Potentate
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Superglide Ken Quote  Post ReplyReply Direct Link To This Post Posted: 26/August/2007 at 9:09pm
Thats because nobody ever said it would get that high Paul. I said you will see $6/GALLON next year. That is only $1.50/litre Canadian. Expressed that way, we do not have that far to go right?
Inventor of the Teflon Wand Glide and the Turboteck Rotary Air Duct Cleaners for TMs.
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cmaster View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote cmaster Quote  Post ReplyReply Direct Link To This Post Posted: 26/August/2007 at 9:23pm
That won't stop people from buying

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FriendlyHammer View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote FriendlyHammer Quote  Post ReplyReply Direct Link To This Post Posted: 26/August/2007 at 9:56pm
Ken Harris Nov 08:

"This will cause oil to rise to near $100 by the end of November. It stays up there to about the end of February. Better save this so you know who told it to you first."
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doug View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote doug Quote  Post ReplyReply Direct Link To This Post Posted: 26/August/2007 at 10:12pm
nothing will stop people from buying unless they run out
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cmaster View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote cmaster Quote  Post ReplyReply Direct Link To This Post Posted: 27/August/2007 at 1:14am
I guess the world will be running out of natural gas now according to STD

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