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Message: Re: CIBC on the CLL JV alternatives/Total buyout possibility
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jurek
Jun 29, 2011 12:56PM
Re: CIBC on the CLL JV alternatives/Total buyout possibility

B-Jay
Jun 30, 2011 08:23AM

I don't know much about the technologies behind shale oil, or their costs, but I wouldn't worry much:

ONE - the existance of vast shale oil deposits has been known for decades.

TWO - it also has been known that the cost of extraction has precluded the development of these deposits for decades.

THREE - the cost of developing and producing shsale oil deposits will act as a floor for oil sands.

FOUR - this cost would appear - by market behavious - to be in excess of $100/bbl, which oil sands can live with.

FIVE - it will take 10 - 20 years to actually bring shale oil to market.

When will we hear any results of winter driling?

Re: CIBC on the CLL JV alternatives/Total buyout possibility

rebels1
Jun 30, 2011 10:14AM
Re: CIBC on the CLL JV alternatives/Total buyout possibility

B-Jay
Jul 01, 2011 06:55AM
Re: CIBC on the CLL JV alternatives/Total buyout possibility
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rebels1
Jul 01, 2011 01:25PM
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