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Oil Sands No Quick Fix
egil1313
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1
7-6-2007 1:36 PM
519 views
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science
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money
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environment
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/f3884c70-c265-480b-8a68-57212125d50e/3247A148-E4AA-49A5-977B-3C8596689C5C/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.reuters.com/article/reutersEdge/idUSN2741612020070705" href="http://www.reuters.com/article/reutersEdge/idUSN2741612020070705" style="font-size: 11px;">www.reuters.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.reuters.com/article/reutersEdge/idUSN2741612020070705"><P>Exxon Mobil and ConocoPhillips -- who fled Venezuela last week after refusing to agree to President Hugo Chavez's more nationalistic terms -- are already among the biggest oil sands players. They know well that new projects take years to build as the rush to exploit the unconventional resource fattens costs and schedules.</P><SPAN id="midArticle_3"></SPAN> <P>"I think everybody in the investment community understands it's not easy," FirstEnergy Capital Corp. analyst Martin Molyneaux said. "It might be easy mathematically, but execution-wise it's unbelievably challenging."</P><SPAN id="midArticle_4"></SPAN> <P></P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/3247A148-E4AA-49A5-977B-3C8596689C5C/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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