Your Tar Sands projects for 2008-2011:
- Code: Select all
Canada North Amethyst 01/2010 Husky
Canada AOSP Expansion 1 (Jackpine Ph 1A) 2010 Shell
Canada Christina Lake (Phase 1C) 2010 EnCana
Canada Primrose East 02/2009 CNRL
Canada Firebag Ph 3 2009 Suncor
Canada Jackfish Ph 2 2010 Devon Energy
Canada Jackfish Ph 1 03/2008 Devon Energy
Canada Christina Lake (Unnamed Expansion 1) 2011 EnCana
Canada MacKay River Ph 2 2011 Petro-Canada
Canada Millennium Coker Unit 2008 Suncor
Canada Kearl Mine Ph 1 06/2010 ExxonMobil
Canada Christina Lake (Phase 1D) 2011
Canada Kirby 2011 CNRL
Canada Long Lake Upgrader Ph 1 09/2008 OPTI /Nexen
Canada Horizon Oil Sands Project (Phase I) 09/2008 CNRL
Canada Christina Lake Ph 2 08/2008 MEG
Canada Christina Lake Ph 1B 09/2008 EnCana
Checking quotes they all look down across the board. Dunno how that affects their ultimate capitalization potential. Gail Tverberg wrote a TOD post on The Impact of the Credit Crunch on Energy Markets
, if you want to dig deeper.
My own feeling is that we're screwed/trapped/stuck/painted into a corner.
Prices decline = gasoline is more affordable = drivers give up on that awful MT they had to resort to = back up with VMT = we hit supply snag due to dropping price making unconventional and high price floor conventional sources uneconomical - GOM rigs damaged by Ike for instance.
Also GM sees which way the wind is blowing and delays or abandons Volt. Toyota's stock is taking it on the chin already - will they proceed with $1.3 billion Prii plant in Mississippi? Etc. etc.