Too bad B.C. can't get in on the bonanza. Special interest groups are determined that we don't touch the oil at our doorstep north of Vancouver Island. When the world switches to some alternate source of energy that oil will still be sitting there, and the opportunity lost.
methinks | 03.05.06 - 10:23 am | #

Gee, we can never turn the spigot off to the US now or they will do a Kuwait to us!
LFP | 03.05.06 - 12:39 pm | #

LFP,

Thankfully the oil sands have enough oil that it won't be a problem for quite a while. What we should be worrying about is natural gas. It is much more limited in supply and is being extracted at an unsustainable rate. As someone with natural gas heating I'd really like to stop exporting the stuff and keep it around to keep my toes toasty in winter.
Blair | 03.06.06 - 8:43 am | #

My real worry will be water exports. Watch for massive pipelines one day flowing south with our wet gold! If oil is $50 to 70 a barrel we can wipe out our national debt if we sell our water for $5 a barrel just like OPEC Countries used to charge in the early days of export.
LFP | 03.06.06 - 4:32 pm | #