Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
but the Western oil majors will invest anywhere they can, right now, because they have access to very little, and are running out of reserves. They are small bit playrs compared to the National Oil Cos of the countries with reserves.

So if it's legal in the US or Canada to go for the tar stuffs, they'll go for that, despite the poor prospects. They are that desperate.

But it's legal - the problem is not the oil companies, it's the regulations and the governments that puts them in place.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Mon Feb 23rd, 2009 at 11:56:25 AM EST
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