Alberta in oil supply sweet spot, study finds

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Alberta in oil supply sweet spot, study finds Wednesday, March 26, 2008
Calgary Herald -- CALGARY - Strong energy prices, particularly for oil, are doing little to effectively increase global supply, providing strong share price fundamentals for explorers and service firms, says a major new report. It also positions Alberta and Calgary in a sweet spot, experts say. "Declining existing basins, rising costs, increased technical challenges, stretched supply chains, geopolitical blocks and tightening fiscal terms all seem impediments to growing global production capacity for oil and gas, despite the clear pricing signal," brokerage UBS Ltd. said in the report.
Visit Calgary Herald for full article

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JT Moderator	Message Posted: 3/26/2008 10:41:55 AM	Ignore JT Report Abuse
	Wednesday, March 26, 2008 Calgary Herald -- CALGARY - Strong energy prices, particularly for oil, are doing little to effectively increase global supply, providing strong share price fundamentals for explorers and service firms, says a major new report. It also positions Alberta and Calgary in a sweet spot, experts say. "Declining existing basins, rising costs, increased technical challenges, stretched supply chains, geopolitical blocks and tightening fiscal terms all seem impediments to growing global production capacity for oil and gas, despite the clear pricing signal," brokerage UBS Ltd. said in the report. Visit Calgary Herald for full article

REPLIES (newest first)		Page: First Prev [ 1 ] 2 3 4 Next Last

djgunrunner All-Star Author Salt Lake City Posts:601 Points:563,780 Joined:Apr 2005	Message Posted: 3/27/2008 4:46:29 PM	Ignore djgunrunner Report Abuse
	I just hope that Alberta will bring in the oil and gas and do it at a reasonable price. We are already getting screwed to death by big oil, opec and the stock market traitors.
tbradley1973 Veteran Author Indianapolis Posts:303 Points:177,910 Joined:Jun 2007	Message Posted: 3/27/2008 4:41:59 PM	Ignore tbradley1973 Report Abuse
	And, the point is?
CallJeffCa All-Star Author Oakland Posts:664 Points:168,810 Joined:Oct 2007	Message Posted: 3/27/2008 11:13:47 AM	Ignore CallJeffCa Report Abuse
	must be a slow news day
SJS Veteran Author Los Angeles Posts:286 Points:1,082,040 Joined:Apr 2003	Message Posted: 3/27/2008 10:53:53 AM	Ignore SJS Report Abuse
	mmmm
tomok Champion Author Portland Posts:6,145 Points:529,210 Joined:Aug 2006	Message Posted: 3/27/2008 10:51:49 AM	Ignore tomok Report Abuse
	Better to pay Canada than OPEC. But from the stories about the oil sands pollution - it makes you wonder what the real price is.
PT72205 Champion Author Massachusetts Posts:3,365 Points:375,200 Joined:Apr 2007	Message Posted: 3/27/2008 10:50:35 AM	Ignore PT72205 Report Abuse
	It does not make a different, prices still rise.
Don20 All-Star Author Oklahoma City Posts:723 Points:832,160 Joined:Mar 2005	Message Posted: 3/27/2008 10:47:22 AM	Ignore Don20 Report Abuse
	OK. what is next.??? next challenges..
Mooseman1 Champion Author Manitoba Posts:1,046 Points:136,610 Joined:Jul 2007	Message Posted: 3/27/2008 10:44:41 AM	Ignore Mooseman1 Report Abuse
	Apparently the Alberta tar sands holds the worlds second largest deposit of oil next to Saudi Arabia. It's time to extract it.
Somis1 Champion Author Ventura Posts:3,895 Points:887,395 Joined:Jul 2005	Message Posted: 3/27/2008 10:38:09 AM	Ignore Somis1 Report Abuse
	Canadian oil sands are a big deal, and right next door.
w4kh Champion Author Riverside Posts:3,105 Points:533,365 Joined:May 2004	Message Posted: 3/27/2008 10:37:44 AM	Ignore w4kh Report Abuse
	No matter where they drill or extract oil, the supply WILL run out, and the sooner we focus of renewable alternatives, the better off we will become... A gasoline tax whose funds are used for research in alternatives just might change a few people's vehicle choice... some folks may LIKE to drive a pickup, and if it really used for business, it can pay for itself, but if it is just a choice, then it should pay its share of highway maintenance and for a solution to oil dependency...
Z34 Champion Author Toronto Posts:6,194 Points:888,200 Joined:Sep 2005	Message Posted: 3/27/2008 10:34:18 AM	Ignore Z34 Report Abuse
	Hey jacks45: They are already doing it. Alberta sells its oil on the world market and not a penny less than OPEC. And they're laughing all the way to the bank.
janmj All-Star Author Baltimore Posts:878 Points:580,080 Joined:Jun 2006	Message Posted: 3/27/2008 10:28:13 AM	Ignore janmj Report Abuse
	START PUMPING
Rivermedic Veteran Author Fort Worth Posts:338 Points:62,280 Joined:Mar 2008	Message Posted: 3/27/2008 10:27:44 AM	Ignore Rivermedic Report Abuse
	However you do it, just pad my wallet
YLHandyman Veteran Author Orange County Posts:438 Points:67,385 Joined:Feb 2008	Message Posted: 3/27/2008 10:27:10 AM	Ignore YLHandyman Report Abuse
	By strong energy prices do you mean high prices.
Jacks45 Champion Author Michigan Posts:1,325 Points:256,300 Joined:Jul 2007	Message Posted: 3/27/2008 10:23:58 AM	Ignore Jacks45 Report Abuse
	they'll end up doing what the arabs are doing once they know they have us over a barrel.
Lonewolftx Champion Author Houston Posts:4,748 Points:935,560 Joined:Sep 2005	Message Posted: 3/27/2008 10:22:51 AM	Ignore Lonewolftx Report Abuse
	Oh Canada . . .
laddyboy62 All-Star Author Riverside Posts:621 Points:804,475 Joined:Mar 2005	Message Posted: 3/27/2008 10:21:47 AM	Ignore laddyboy62 Report Abuse
	theres another sweet spot?
Chazzer Champion Author Nevada Posts:7,165 Points:1,549,985 Joined:May 2002	Message Posted: 3/27/2008 10:19:53 AM	Ignore Chazzer Report Abuse
	Onward ... Alberta!
racerdj All-Star Author Indianapolis Posts:664 Points:242,285 Joined:Jun 2003	Message Posted: 3/27/2008 10:14:06 AM	Ignore racerdj Report Abuse
	Good for them, now make it good for us.
Duke1959 All-Star Author Dallas Posts:645 Points:60,365 Joined:Mar 2008	Message Posted: 3/27/2008 10:09:39 AM	Ignore Duke1959 Report Abuse
	I don't care were ya get the oil and gas Nor how ya get just lower the damn prices
purpleangel21 Veteran Author Georgia Posts:272 Points:288,405 Joined:Nov 2005	Message Posted: 3/27/2008 10:07:08 AM	Ignore purpleangel21 Report Abuse
	ok
kanmandoo Veteran Author Detroit Posts:420 Points:731,095 Joined:Jun 2005	Message Posted: 3/27/2008 10:04:15 AM	Ignore kanmandoo Report Abuse
	I think that
RCinNM Champion Author New Mexico Posts:3,393 Points:349,210 Joined:Sep 2005	Message Posted: 3/27/2008 10:03:35 AM	Ignore RCinNM Report Abuse
	Go Canada
roosan Champion Author New Jersey Posts:7,216 Points:1,451,290 Joined:Aug 2003	Message Posted: 3/27/2008 10:03:31 AM	Ignore roosan Report Abuse
	The majority of our oil is already imported from Canada.
papou Champion Author Tampa Posts:1,790 Points:303,345 Joined:Jul 2005	Message Posted: 3/27/2008 9:58:14 AM	Ignore papou Report Abuse
	OK with me lets run the Arabs out of Business
fordflunky1 Sophomore Author Louisville Posts:208 Points:133,035 Joined:Feb 2006	Message Posted: 3/27/2008 9:56:18 AM	Ignore fordflunky1 Report Abuse
	I have two words for ya. OIL SHALE. The United States has more oil shale than Saudi Arabia's oil reserves. It hasn't been seriously considered until recently because it is more expensive to get out of the earth. but with oil prices the way they are it could be the golden goose. If the DEMS would get their heads out of the sand.Oil Shale To The Rescue
Dale Jr. Champion Author Iowa Posts:7,055 Points:1,422,050 Joined:May 2004	Message Posted: 3/27/2008 9:55:53 AM	Ignore Dale Jr. Report Abuse
	Supposedly Enbridge is building a pipeline that is going through the middle of the U.S. down to Texas refineries.
ss70 Champion Author Detroit Posts:2,005 Points:541,380 Joined:Sep 2005	Message Posted: 3/27/2008 9:55:30 AM	Ignore ss70 Report Abuse
	Good for loonie
scrounger Champion Author Vancouver Posts:5,380 Points:1,506,810 Joined:Mar 2003	Message Posted: 3/27/2008 9:54:25 AM	Ignore scrounger Report Abuse
	lets hope the envirofreaks and greenweenies doen't shut them down or we will really see prices soar
RochBear All-Star Author Minnesota Posts:855 Points:344,035 Joined:May 2006	Message Posted: 3/27/2008 9:53:04 AM	Ignore RochBear Report Abuse
	Remember the "golden rule" - "Ye who has the Gold, makes the rules". IN this case, it's "black gold"
tarbaby1 Champion Author Twin Cities Posts:1,182 Points:569,995 Joined:Oct 2005	Message Posted: 3/27/2008 9:46:36 AM	Ignore tarbaby1 Report Abuse
	Oh... And politicians who won't allow exploration and drilling in the US...
bluebird1 Champion Author Toronto Posts:6,380 Points:1,308,825 Joined:May 2004	Message Posted: 3/27/2008 9:45:17 AM	Ignore bluebird1 Report Abuse
	I agree with Zygnatx & the above is stating the obvious - tar sands has moved from uneconomical to very profitable now.
Zygnatz Champion Author British Columbia Posts:4,045 Points:794,880 Joined:Oct 2005	Message Posted: 3/27/2008 9:42:40 AM	Ignore Zygnatz Report Abuse
	World demand is growing and nothing North America can do will cure the high oil costs.
pandarisuresh Sophomore Author New Jersey Posts:183 Points:102,915 Joined:Oct 2007	Message Posted: 3/27/2008 9:41:24 AM	Ignore pandarisuresh Report Abuse
	Good
AC-302 Champion Author Los Angeles Posts:6,366 Points:1,131,350 Joined:Aug 2004	Message Posted: 3/27/2008 9:40:36 AM	Ignore AC-302 Report Abuse
	Hopefully we'll continue to be on good terms with our kind Canadian neighbors..
tobasco Champion Author Los Angeles Posts:2,369 Points:691,145 Joined:Mar 2004	Message Posted: 3/27/2008 9:40:14 AM	Ignore tobasco Report Abuse
	Just controlling the supply.
gasman50 All-Star Author Portland Posts:552 Points:641,555 Joined:Nov 2005	Message Posted: 3/27/2008 9:37:05 AM	Ignore gasman50 Report Abuse
	time will tell
Lovelee All-Star Author Detroit Posts:832 Points:268,260 Joined:Mar 2007	Message Posted: 3/27/2008 9:34:57 AM	Ignore Lovelee Report Abuse
	So those with the authority and money to increase the supply are too afraid.
woos777 All-Star Author Washington Posts:657 Points:481,230 Joined:Sep 2006	Message Posted: 3/27/2008 9:33:30 AM	Ignore woos777 Report Abuse
	That will probably mean a increase in gas prices. Everything else does.
Chitowner Veteran Author Omaha Posts:321 Points:96,950 Joined:Jul 2007	Message Posted: 3/27/2008 9:32:59 AM	Ignore Chitowner Report Abuse
	the sand oil is very dirty and cannot be refined in the USA, EPA is stopping British Petroleum (BP) in Northern Indiana from refining that crap crude due to polluting Lake Michigan
HockeyLady Veteran Author New Jersey Posts:377 Points:752,220 Joined:Jun 2005	Message Posted: 3/27/2008 9:32:34 AM	Ignore HockeyLady Report Abuse
	"The study concludes that the global energy industry has been unable or unwilling to respond to sharply higher and rising prices due to conservative thinking, a lack of adequate drilling resources, growing political and technical complexity in target exploration areas and skyrocketing inflation - including more ravenous governments."
GAC1Shirt Veteran Author Georgia Posts:337 Points:300,640 Joined:Sep 2006	Message Posted: 3/27/2008 9:31:17 AM	Ignore GAC1Shirt Report Abuse
	I'd rather buy oil from our northern neighbor than from Bin Laden.
radrunner Veteran Author Toronto Posts:327 Points:877,965 Joined:Apr 2004	Message Posted: 3/27/2008 9:22:49 AM	Ignore radrunner Report Abuse
	so why is gas at 109.2 a liter
bicycler Champion Author Ontario Posts:4,838 Points:937,020 Joined:May 2005	Message Posted: 3/27/2008 9:21:34 AM	Ignore bicycler Report Abuse
	gasbutt; Also true for us in Canada as you get the same price as we do,it is called Free Trade.
bicycler Champion Author Ontario Posts:4,838 Points:937,020 Joined:May 2005	Message Posted: 3/27/2008 9:20:02 AM	Ignore bicycler Report Abuse
	Chas_commuter; Very true
gasbutt Rookie Author Texas Posts:5 Points:1,775 Joined:Mar 2008	Message Posted: 3/27/2008 9:19:48 AM	Ignore gasbutt Report Abuse
	yes expensive oil
Japsmith All-Star Author Tacoma Posts:702 Points:146,590 Joined:Sep 2007	Message Posted: 3/27/2008 9:18:33 AM	Ignore Japsmith Report Abuse
	Sweet crude still controls the majority of the market and still sets the price of what we pay to buy oil sands from Canada.
sailormon Sophomore Author Michigan Posts:164 Points:104,005 Joined:Jul 2007	Message Posted: 3/27/2008 9:18:04 AM	Ignore sailormon Report Abuse
	Good point Chas.
jjulson Veteran Author North Dakota Posts:414 Points:174,410 Joined:Mar 2007	Message Posted: 3/27/2008 9:17:38 AM	Ignore jjulson Report Abuse
	ok
lleddirj Veteran Author Michigan Posts:429 Points:483,075 Joined:May 2005	Message Posted: 3/27/2008 9:17:30 AM	Ignore lleddirj Report Abuse
	DST43 & bug27, as "All-star Authors" you don't seem to have much to add to the discussion.

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