Crude Oil Tar Sand Companies

[NYBob]

Imperial Oil's steps to advance both its Kearl and Cold Lake projects.

* PetroChina's (NYSE: PTR) major joint venture
(recently OK'd by the government).


* Cenovus Energy's (NYSE: CVE) forward march at Narrows Lake.

Oil sands fans will be happy to know that two more major projects
got the green light last week.

First, ConocoPhillips (NYSE: COP) announced that it's moving ahead
with phase 2 of its Surmont project with partner Total.
This expansion will ratchet Surmont's present production of 20,000 barrels per day to 110,000 barrels per day in 2015.
A cost figure wasn't provided, but keep reading and you'll be able to ballpark one.

Back in October, Total Canada's new CEO said he'd need to see oil
in the $80 to $85 per barrel range before moving ahead with Joslyn.
Why the readiness to fire up Surmont, then?
As discussed in my look at Cenovus' Narrows Lake project
(see link above), it comes down to the economics of open pit mining versus in-situ recovery.
Surmont employs the latter extraction technique.

Same goes for the Sunrise project, part of the poetic partnership between Husky Energy and BP (NYSE: BP).
The firms announced last Wednesday that they're ready to spend $2.4 billion on the first phase of the project, which should produce 60,000 barrels per day.
That's roughly half the per-flowing-barrel installed cost of Canadian Natural Resources' (NYSE: CNQ) Horizon mining project -- exactly
the target I laid out for Cenovus at Narrows Lake.

Husky cited a whopping 40% drop from its prior cost projection.
Given the current industry cost structure, expect more and more
in-situ projects to press forward.
One thing to remember is that just because the numbers now work
on paper, that doesn't mean these projects will all produce
or pay out as planned.

More sunshine for smile
http://www.thealaskapipelineproject.com/m.php?p=home
http://www.thealaskapipelineproject.com/m.php?p=project_map

Companies say Alaska gas pipeline could cost $41B+ -

when bho give $2-4T and Harper $75B gift to the banksters gangs -

fiat$41B compared, is a small potatoe -

$41B is a must to keep the people warm

FED GAVE Banks Access to 23.7 TRILLION DOLLARS NOT $700 Billion -

..a drop in a Pompeii sea -

700 TRILLION..that is what the estimate is for banksters derivatives!!
FIAT CURRENCIES DOOMED!
http://www.dailypaul.com/node/46810

btw.
ex..
Israel said, we going to do it with or without US -
Iran said, we blow up Humus Strait first -
NO OIL TO US or EURO - from the Saudis? -
well, so the pipeline is a must to GO -
for the people



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God Bless