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Baraka_Guru · 12-30-2009, 09:08 AM

This is nowhere near the first foreign investment in the Oil Sands (an area that is a comparatively expensive venture).

What is the foreign investment situation like in the U.S. oil industry?

The situation in Canada (at large) is that we often lack adequate domestic capital, so in many ways foreign investment is welcome (bearing in mind that there are rules and regulations on foreign ownership of natural resource companies). Also, Canada tends to be a preferred place for this kind of thing, especially when it comes to natural resources: stable government, stable population, stable economy, many resources to be had.

But don't think for a moment that the projects in the Oil Sands aren't without their challenges (outside of the cost/margin issues). They face the risk of regulations related to emissions and environmental protectionism.

12-30-2009, 09:08 AM	#2 (permalink)
Baraka_Guru warrior bodhisattva Super Moderator Location: East-central Canada	This is nowhere near the first foreign investment in the Oil Sands (an area that is a comparatively expensive venture). What is the foreign investment situation like in the U.S. oil industry? The situation in Canada (at large) is that we often lack adequate domestic capital, so in many ways foreign investment is welcome (bearing in mind that there are rules and regulations on foreign ownership of natural resource companies). Also, Canada tends to be a preferred place for this kind of thing, especially when it comes to natural resources: stable government, stable population, stable economy, many resources to be had. But don't think for a moment that the projects in the Oil Sands aren't without their challenges (outside of the cost/margin issues). They face the risk of regulations related to emissions and environmental protectionism. __________________ Knowing that death is certain and that the time of death is uncertain, what's the most important thing? —Bhikkhuni Pema Chödrön Humankind cannot bear very much reality. —From "Burnt Norton," Four Quartets (1936), T. S. Eliot Last edited by Baraka_Guru; 12-30-2009 at 09:10 AM..