oilsands

Natural Gas: An Energy Resource Whose Time Has Come

Brian, your comment to Norman is subject to misinterpretation.
The 15% tax withheld turns into a tax credit, i.e., it offsets US taxes dollar for dollar. The 15% credit is not a deduction, but a tax credit. I have owned Can Royals for years and to my knowledge, that is the only tax which affects Americans as of this time. The whole issue is subject to re-negogiation at any time, just as are any taxes. It is also an investment risk. If you expect the price of oil to permanently skyrocket in four to six years, as I do, then the risk seems worthwhile.

A. Palmer is right, "whatever it takes to get us off middle eastern oil. "
Worrying about relative costs of alternative energies is silly when we are bankrupting ourselves buying foreign oil. Besides, as earlier commentators have mentioned, the subsidy on oil in both tax write-offs and defense is probably over $3.50 per gallon. AND we have abundant coal and natural gas. The clean fuel concern can be solved by coal gasification, which seems to be totally overlooked. We need to convert to renewable energies, but the latter would solve a lot of interim problems. Germany has been using coal gasification for some time.