RE:A Perspective on OilThere are many considerations to address ,before you arrive at your conclusions as to the displacement of liquid petroleum products longer term. And I stress longer term . Petroleum will always compete globally with all other forms of energy production. Right now petroleum products are priced at a significant premium to most other fuels. So you could argue that the premium will diminish over time as some other fuels may be promoted. But I wouldn't lose any sleep over that. I will not get involved in long arguments here, but there are two things to always be kept in mind ; Energy density and transportability (including storability )
It doesn't hurt that the Oil sands are vast in extent (probably much more than published ) As shareholders you are part owners of that extreme wealth . Don't be a modern day Esau, the world is full of Jacobs !!