Ditto the welcomes extended by others, jeromie.
Won't the spread narrow of its own accord? This doesn't have to make sense, after all, that's what you get pricing at the margin. Also the fallout of the last year hit oil sands operators heaviest of all, from the sound of things anyway, I'm still waiting for a detailed report on how much production has really been canceled/delayed/curtailed, past the occasional report from Reuters. Somebody published a more meatier rundown a few months ago, but I forgot to bookmark it.
Isn't one of the Midwest US upgrader projects canceled?
These factors make me wonder about unconventional's prospects over the long haul, if we're facing a series of short term cycles of boom and bust. These spikes in price curb demand of course, but the fallout is a bit severe to say the least. Drillers that have posted here (and elsewhere) say that's all part of doing business, but many of these duffers are old, and ready to retire, without much new manpower to fill their shoes. And demand will, you know, demand what it wants.
One thing I've seen is that rather mundane solutions tend to get the job done, often more than flashy stuff. One recent paper pointed out how the Danes have achieved what measure of energy independence they have not from their much vaunted wind farms, but through implementation of cogeneration:
Never put off until tomorrow... Exactly how mundane GTL is, now there's a good question. I assume the plants are multi million dollar by definition, does that exclude them? Could we achieve the same end by just not laughing at Obama and keeping our tires inflated? Not wanting to spar politically - at all - but our Dem Pres Elect was right all the way about that.
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