by RS13 » Mon Jun 26, 2006 7:38 pm
Tomo1985, thats' the oil sands in Canada. Has been around for a very, very long time, but extracting oil from it is much more time and cost prohibitive, when compared to normal drilling.
And yes, the government said a couple of weeks back, that thanks to new oil discoveries, and the oil rigs damaged in the Hurricanes beginning to come back online, the price of a barrel had dropped to less than $US68, and is only forecast to come down, with petrol dropping supposedly 14c a litre by early next year.
But then again, knowing our government, someone will drop an egg fart in an oil rig somewhere off the coast of Mexico, and petrol prices here will shoot back up!
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