The Suncor Energy and Canadian Oil Sands Resources Group is designed to be an information and educational center for the Canadian oil sands industry, and in particular for Suncor Energy. The oil sands industry will play an increasing role in what is left of the world’s petroleum resources as conventional sources of oil fall victim to “Peak Oil” and depletion.
Membership will generally be open to anyone who wishes to learn about and/or contribute to group topics.
See message 922 for photo description.
A worrisome long term problem was revealed on Oct. 25, 2007 when the Alberta government announced that they intend to change the royalty/taxation rules in the middle of the game. This decision is sending the following message to the business community:
1) “If you take a risk and lose, it's your problem.”
2) “If you take a risk and win, we will change the rules and take your winnings away from you.”
As Don Coxe pointed out in his Oct. 26, 2007 webcast, the Alberta government has gone back on its word and Alberta is “no longer a politically secure area”.
General Ground Rules
Messages pertaining to and links about Suncor Energy, the oil sands industry, and “Peak Oil” will be of primary interest and are most welcome.
Information about fossil fuels and/or energy in general will also be welcome as long as the posting limit is not threatened.
Limited discussions involving “Off Track” topics will be tolerated.
Political discussions including elections, public individuals, religious topics, derogatory remarks about members, foul language, and/or other messages that detract from the purpose of the group will be strongly discouraged.
Spam
In an effort to reduce spam postings, anyone who tries to join the group without posting a full Yahoo profile will not be allowed to join. If a member posts Spam messages, they will be deleted as/when posted, and the member will be removed.
NASA's Earth Observatory has a "top down view" of Suncor's operations north of Fort McMurray. The description doesn't identify it as Suncor, but it's Suncor.
Today's rally may mark a reversal of the short term downtrend that had been in effect the last couple of weeks. While there is little technical evidence to
Today's rally didn't exactly inspire confidence that the downtrend is going to end anytime soon. At one point the Dow Jones Industrial Average was up over 150
It's quite possible that the principal result of the worldwide fiscal stimulus of the past 6 months has been to foster a stock and commodity rally. Short term
Sloppy writing on my part - the Kerrobet is a heavy oil play on BTE's property that if it works out is a bonanza and heavy frosing on the full PetroBank