Response from: Everyday Economist    (05/15/06 3:05pm)

I often ride to my day job with those who work in the oil sector.
They often don't see the implications of what they are saying.

Apparently a lot of big oil firms are, in fact, purchasing land in remote areas like the Rocky Mountains.

No, there are no oil fields in the Rocky Mountains. They are purchasing coal.

That should tell you where Big Oil expects profits in the future to come from, and that they expect coal to be more lucrative in the not-to-distant future than the next oil field.

Response from: michael    (05/15/06 4:24pm)

Just wondering what they plan to do? Can oil be extracted from coal or do they plan to get into FutureGen like investments? Thank you.