As fewer and fewer profit from the destruction of more and more one can hope reason sets in and it stays in the ground. Paying for denial, government corruption, massive leverage etc etc etc. Can it be sustained while future generations are expected to pay the real costs?
berryjuice gets it wrong again.
Tired of being on the wrong side of the trade? So was I until I joined LionStockAlerts . The alerts are quality, not junk and they are straight forward and cut out the hype.
Once this odd quest to outlaw oil exploration into oblivion is accomplished, the world will be left with few options.
Get it from unreliable, insane, extremely murderous places like Saudi Arabia.
Or easy going, non-threatening Canada.
Is this hard, or am I missing something?
Note: Figures are shown on a **per percentage point working interest in Syncrude** basis:
Suncor paid COS shareholders 3.6933 million SU shares and took on approx. C$60 million in COS debt per percentage point WI.
It paid Murphy C$187.4 million in cash per percentage point WI ....and this deal was faster, quieter, cleaner, and didn't waste a king's ransom in bankers and lawyers fees.
I totally agree with what you have just stated. We can only hope the Gov'ts of our two Great Countries (Canada and U.S,) will dummy up and get with the program.
And the Saudis have now threatened the US with serious repercussions if the U.S. releases those papers, outing them for 9-11.
With 'friends' like that....
Shale fracking is uneconomic at current prices, and is blamed for earthquakes and poisoned water,
Pipelines are no longer safe enough for the glorious, pristine American environment (..ha ha)
According to the so-called "28 pages", there is undisclosed evidence that America's pal, Saudi Arabia, aided and abetted the 9/11 terrorists 15 years ago.
So please remind me..... exactly how "terrible" are the oilsands?
If it WAS a bottom (...I doubt it), anyone as smart as you should have loaded up on Suncor and every other oil name.
But you didn't.
In any case, getting rid of that layer of incompetent, worthless bloodsuckers was a very lucky break for you, and that would never have been consummated without the rout.