bindlepete

Canadian Oil Sands: An Investment in Secure, Long-Life Oil

I see the biggest potential beneficiary of these oil sands as PetroBank (PBG) with it's new, inexpensive, and environmentally clean mechanism of tapping into the in situ deposits.

This is now under commercial development at Kerroberts in a JV with BTE on heavy oil. If the production rates prove out - which I expect them to do - it will evolve into a Bonanza for harvesting heavy oil and "too deep to mine" tar sands.

Stand by for a revolution.

Disclosure - I hold a wad of PBG as well as SU.

ConocoPhillips Facing Tough Talk in Effort to Unload Oil Sands Stake

The open question on the shovel and truck recovery method is:
Can they compete with cleaner and cheaper(?) In situ methods of delivering the bitumen and heavy oils?

PetroBank with it's THAI system could cut the legs out from under these surface mining techniques although it would help PetroBank to have them about to maintain a high marginal price to profit beneath.

Time will tell. A new age may be arriving.

Canadian Oil Sands Trust's Cash Flow Exceeds Distribution

These Boys have lots of oil to sell and when the THAI program gets under way there will be a lot more for the market and likely the prices will remain on an upward trajectory. IMHO

None the less the future looks good for the western canadian oil patch.

China and the remainder of Asia awaits the delivery to Kitimat. CNI could be an early winner in this scheme although the availability of rail cars may pose an interim problem. A pipeline will eventually follow.

ExxonMobil's Supreme Test in the Current Global Environment

XOM will continue in the liquids fuels business long after petroleum has been effectively been depleted. Like the Chinese they will likely go into the long suppresssed methanol and dimethyl ether business. Feedstocks either gas or coal.

If the latter is used the size of the units will make carbon dioxide sequestration reasonable, as in the Bullah ND coal based plant. This will make everyone happy except the petroleum based refieries will close up shop.

Liquid fuels have great advantages in energy density, flexibility of transport, storage and use.