jim
05-24-2007, 07:23 AM
Posting this for WR in response to a thread I can't find. Has to do with oil reserves.
Our oilsands projects (Syncrude and Suncor)
are somewhat subsidized by way of being held exempt from certain royalty
taxes that apply to most oil and gas programs but we have a new minority
government in place at the moment and they have made moves to reinstate
royalty taxes that would regularly apply. Another thing to consider is that
the same minority government is also working to honor the Kyoto Accord and
both projects are considered by environmental types to be great offenders of
the emissions restrictions. Right now, in Alberta, oil and gas is a bit
soft because of the Kyoto Accord and they are working out green payments and
emissions conctrols. I would say that the oilsands projects are not going
to go away, you should see some fluctuation in their stock values but over
time, it's a viable project and they actually do have a great environmental
record as far as reclaiming demised lands. They have been around a lot
longer than most people realize and will continue to survive. They have made
great strides in regards to emissions control and I would think that it's
going to take no more than 3 - 6 months for our oil & gas industry to sort
out the Kyoto issues but I would suggest we're going to see oil and gas
prices rise again.
jim
Our oilsands projects (Syncrude and Suncor)
are somewhat subsidized by way of being held exempt from certain royalty
taxes that apply to most oil and gas programs but we have a new minority
government in place at the moment and they have made moves to reinstate
royalty taxes that would regularly apply. Another thing to consider is that
the same minority government is also working to honor the Kyoto Accord and
both projects are considered by environmental types to be great offenders of
the emissions restrictions. Right now, in Alberta, oil and gas is a bit
soft because of the Kyoto Accord and they are working out green payments and
emissions conctrols. I would say that the oilsands projects are not going
to go away, you should see some fluctuation in their stock values but over
time, it's a viable project and they actually do have a great environmental
record as far as reclaiming demised lands. They have been around a lot
longer than most people realize and will continue to survive. They have made
great strides in regards to emissions control and I would think that it's
going to take no more than 3 - 6 months for our oil & gas industry to sort
out the Kyoto issues but I would suggest we're going to see oil and gas
prices rise again.
jim