[quote author=Kwami link=topic=97540.msg636279#msg636279 date=1430932685]
When Iranian oil hit the market after sanctions are lifted , oil will hover around 30 dollars per barrel and I don't see how Alberta can compete . They mine for oil on the tar sands instead of drilling.
Water is added to the tar sands to liquefy which is then shipped to refineries in Texas .
Right now this is being shipped by trains and unless the Keystone pipeline is built , I can see the oil industry being doomed in Alberta
[/quote] Am I prophetic or what . When I made this call that oil will be 30 dollars a barrel . oil was at 90 dollars per barrel . Brent crude is now 45 dollars per barrel and guess what ? I am still sticking to the 30 dollar figure as Iranian oil has not hit the market yet. Sanctions on Iran has not been lifted as of now but it will soon be
The provincial government’s royalty review is likely [size=12pt] worsening [/size]the activity-dampening effects of six-year-low crude prices,
as an industry rig count drooped to its lowest level since the spring slowdown this week.
[quote author=Snoopster link=topic=97540.msg636305#msg636305 date=1430934521] Save this thread Bro.[size=10pt]Let's look at this issue a year from now.[/size]
[/quote]
Three months is good enough to prove the NDP "scapegoat" point and rest my case
[quote author=Snoopster link=topic=97540.msg636280#msg636280 date=1430932779] She has also promised a royalty review to determine if Alberta is getting the proper amount of return from its resources.
[/quote]
Oil prices surged Monday, capping their biggest three-day gain in 25 years, as the Organization of Petroleum Exporting Countries suggested it may be ready to scale back output and the government cut its estimates of U.S. oil production.
