delectable oil sand morsels
What does it tell us that everyone in the world has a stiffie for the Canadian oil sands?
French firm snags oil sands project
"Total can go anywhere they want -- Russia, Venezuela, offshore West Africa -- and they've chosen to go after the oil sands of Canada," said Raymond James analyst John Mawdsley. "There's a good reason for that: political stability, huge resource base, known technology. It's something, frankly, that no other country in the world has to offer."
"It speaks to a huge vote of confidence in the long-term potential of the oil sands as a sustainable, dependable source of oil to global markets," said Ari Levy, a vice-president at TD Asset Management Inc.
The plot thickens in energy sector
Another subplot emerged this past week when China's CNOOC Ltd. scrapped an $18.5 billion takeover bid for U.S.-based Unocal Corp. over political opposition in Washington.
"You'll see them looking elsewhere, and Canada is the perfect place for them to be, given that the oil sands needs a lot of capital and has a long reserve life," Arif said. "That's exactly what the Chinese are looking for."
Last time I checked, natural gas had peaked in North America.
Are we getting a little desperate?
Last time I checked, it takes tremendous natural gas resources to produce tar sands oil.
Last time I checked, thirty odd natural gas terminals were on the drawing board for North America, and none had yet been built or even attained permits.
Fear and loathing, baby, fear and loathing. Maybe those ballooning stock prices mean all is well.