I keep getting these investment opportunities, practically every day. Not sure how I got on the list.
Do Canadians think this is a feasible alternative, and a way out (at least to a significant degree) of our dependence on Arab oil? Aren't there some dire environmental consequences, being bruited about by the Greenies? I haven't looked into it that much.
Btw, US "Tar-Sands" are another potential source of oil, not nearly as large as the Canadian oil-sands, and harder to extract, but still estimated at many billions of barrels of potential petrol.
The Oil Reserve 8 Times Bigger
than Saudi Arabia's
All of a sudden, the oil sands in Alberta, Canada have become a veritable “black gold” mine. And Big Oil’s heavy hitters are wishing they acted sooner…
Just three years ago, when the average price of crude was $29.63 a barrel, producers didn’t find the profits to be worth the costs of processing the oil sands.
But improvements in mining technology have dramatically reduced the cost of extraction, rocketing bottom lines skyward. According to the Oil Sands Discovery Centre in Alberta, it now costs an average of just $13.21 to process each of the 2.5 trillion barrels of oil embedded in the sands – a reserve 8 times bigger than Saudi Arabia’s… containing more oil than all OPEC nations combined.
Now, Big Oil companies that didn’t get in early can only sit by and watch as “savvy oil” laughs all the way to the bank. With crude selling for $60-plus, revenues at Albert’s premier oil sands producers are rocketing skyward.
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You’ll get all the details of the opportunity in Alberta, including…
How the oil sands will soon be the single-largest source of foreign oil for the U.S. – even bigger than Saudi Arabia.
Why oil producers can explore Alberta’s oil sands virtually risk-free… and for a tremendous profit.
Three major crude producers mining the Alberta oil sands right now and quickly increasing shareholder value.
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