[Spridgets] [midgetsprite] Re: Gasoline/Diesel $

[Jim Johnson]

On 4/15/08, Robert Duquette <robertduquette at sympatico.ca> wrote:
>
> I heard on the news this morning that they found, in Mexico, what might be
> the 3rd largest oil reserve.
>

http://www.nextenergynews.com/news1/next-energy-news2.13s.html

Isn't one of the supply/demand constraints that we don't have adequate
> refining capabilities??


Yup.

Dave G wrote:
>
Jim,
>
>
> I also understand that when oil went over $90/bbl was when it became very
> profitable to extract the oil from the Canadian Shale deposits...


Wellll.....   It became profitable, yes, but "very" would be a stretch
considering what has to be done to get the oil out of the shale and
considering the amounts of oil that can be extracted in this manner.
Recall, however, that the price of oil going up is what made this technology
profitable so it is still relatively expensive to do.

Cheers!!
Jim