[Makword]

The Alberta Department of Energy was so proud of the presentation I produced for them, they handed a copy to Vice President Cheney. It was no surprise to him to hear Canadians boast about the over 177 billions of barrels in reserve sitting in the sand in Northern Alberta. Of course, every other Dick, Tom and Harry was joining the “me too” line-up to get anyone’s attention in Washington. As Middle East oil-producers murmur about wanting to reduce oil exports to the US, anyone with a line on oil (hoping it might turn into a pipeline) is drooling in the lobbies of American Government. BUT --- take a drive down the highway between Edmonton and Calgary, the two big cities in Alberta, and you’ll see an even more interesting line-up of oil rigs and the stacks of pipe sitting inactive in the yards. While Canadians do the lobby thing south the border, various players in the oil industry around the world are doing whatever they can to sell the pipes, rigs, trailers, vehicles and every configuration of pumps and transformers imaginable. Just check the auction lists at Kruse Global (kruseglobal.com). This year, Kruse Global had to move the location to the Nisku Rec Center because, as the name implies, they need more room. What is this all saying? Is it a “surplus”, a “correction”, “peak oil” --- or did Criss Angel come up with a new trick? We know we can count on OPEC’s Qatar and the US Administration disagreeing on calling it a surplus. They did the same thing last year around the time of the first auction. They’ll call it anything other than “peak oil”.

[Cashmere]

That post wandered like a philandering husband at Hooters convention.

What the hell was the point of it?

Oil surplus?

Call me when oil gets back to 60. That's my benchmark.

[sicophiliac]

$this->bbcode_second_pass_quote('pstarr', 'M')ay I parse this?

Edmonton lobbies the US gov., other investors, etc with dreams of 177 bb 'unconventional.' Money and equipment pours into Calgary but really has no use because the sand doesn't really make money.

So who is Criss Angel and what is his new trick?

And why are you telling us this?

and can you document this?

[MrBill]

Thanks Makword. This substantiates what I have been hearing from friends and family in Alberta that are in oilfield trucking and work in drilling. Equipment is leaving the Province headed for Australia and Asia. There is far less drilling and exploration than before two/three years. Costs are rising and the returns are not there.
$this->bbcode_second_pass_quote('', '
')
$this->bbcode_second_pass_quote('', '
')--------------------------------------------------------------------------------

$this->bbcode_second_pass_quote('', 't')hreadbear wrote:
Thanks Mr.Bill--You certainly nailed that one. It's not your daddy's economy, for sure, and nothing is behaving as tradition would dictate.

[Brock]

Did this start when the government put the 20% royalties on Alberta oil?

Depressions are scientifically designed.

[MrBill]

$this->bbcode_second_pass_quote('Brock', 'D')id this start when the government put the 20% royalties on Alberta oil?

Depressions are scientifically designed.

[MrBill]

$this->bbcode_second_pass_quote('Brock', 'D')id this start when the government put the 20% royalties on Alberta oil?

Depressions are scientifically designed.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'D')id this start when the government put the 20% royalties on Alberta oil?