Shell's Alberta problem

[CHIMO]

CALGARY — Shell Canada Ltd. is reassessing projected costs of its oil sands development to account for labour shortages and soaring expenses in Alberta's booming economy, the energy giant's president said Friday.

“We are seeing significant cost increases in all areas of our business: equipment, materials, labour,” president and chief executive Clive Mather said after Shell's annual shareholders meeting.

“We are taking that seriously,” he said, noting that Shell has a major stake in the oil sands of northern Alberta.

“We're looking very hard at how we can mitigate those costs and how we can structure our projects so we can ensure their successful execution.”

http://www.theglobeandmail.com/servlet/story/RTGAM.20060428.wshell0428/BNStory/Business/home

So let's feel sorry and help out these companies. But we don't need another Petrocan. No, this is 2006. We just need a break between the producers and the distributers. Let's keep free enterprise alive and open up things.

[Bassic]

1. Nobody has the balls anymore to do what Trudeau did

with his energy policy. I think that's very unfortunate because there should be a fucking limit on how big of a friggin ride the oil giants are going to take us on.