GREY:CLLZF - Post by User
Post by
ragingcanadianon Jan 07, 2009 12:12pm
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Post# 15688549
OILSANDS
OILSANDSCan't count how many times I've heard or read about the death of the tarsands. Probably about the same amount of times I've heard or read about the coming of the Electric Vehicle that will save us all. I'm sure the EV will come but it will take decades for them to get it to the level of convenience of the Gas car (Drive for hundreds of miles - fill up in 10 minutes - drive for hundreds more). Those who are making ALL their investment decisions on the coming of the EV are going to get whacked IMHO
As for the US oil demand - it is more likely to come down to security than anything. Eventually they will have to come to terms with either
1. Continue to get dragged into wars in the middle east to protect their supply
2. Give up on the Kyoto Kultists, ditch the enviromarxists, and get the oil they need from us (Alberta)
PS. When the Oilsands Boom Began in the mid 90's oil was @ $15.00. All this bull about needing $50.00-$80.00 a barrel to break even is just hype.
I do not own CLL. But I will soon.
Oilsands are not dead - just sleeping. If they could raise the money and build they would IMHO