Re: Gas
And I'm screaming because it just reached $3.50 here for regular. I thought you Canadians had all the oil sands in the world. How come your paying so much? I do have a son that works for Chevron and he walks around all day with a big smile on his face.
The oil sands do hold a huge amount of oil, the trick is (as Angus said) extracting it economically. That said, oil exploration and development in Alberta and Saskatchewan is sky rocketing. It will be many years before any of that benefit actually shows up at the pump tho'.
That said, the profits for these big oil companies are completely obscene right now, absolute record profits...so there is no return of benefit to the customer at this point....they are keeping all of the $$benefit.
Hopefully offshore exploration is going to ratchet up too. I'd love to us (Canada) put ourselves completely on the map as the next oil rich producing country. We have a seriously rich, large piece of somewhat undeveloped real estate and mineral wealth coming out our back passage...so why not develop it? (first...we need to guarantees the 'greeners' some good jobs I guess).
BP
ps: even fresh water....Quebec currently holds 1/3 of the worlds fresh water supply, and that isn't even taking into account the rest of Canada.
