<Offshore WindThe Oil Drum

138 comments on Update on Megaproject Megaproject

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westexas on December 10, 2007 - 8:13pm Permalink | Subthread | Parent | Comments top

Some collateral damage from the mortgage meltdown.

Apparently several tar sands companies that raised tons of money stuck it in short term institutional money market funds that were heavily invested in US mortgage bonds.

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Dragonfly41 on December 10, 2007 - 9:48pm Permalink | Subthread | Parent | Comments top

The Canadian Tar Sands...where Finance and Peak Oil meet. Would be a heck of a title for a book!! How many other high-priced extraction/exploration operations have done the same thing with spare dollars...invested in high interest funds to try to help with increasing costs.

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Optimistic Kiwi on December 10, 2007 - 11:14pm Permalink | Subthread | Parent | Comments top

Can you point me to any sources regarding oilsands/failed short term deposits? I would be keen to find out who has lost what.

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westexas on December 11, 2007 - 8:51am Permalink | Subthread | Parent | Comments top

An investor in Canadian oil stocks told me about the money market situation. I don't have any specifics.

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billvon1 on December 11, 2007 - 2:43pm Permalink | Subthread | Parent | Comments top

Optimistic Kiwi,

If you find out would you E-mail me at billvon@windstream.net I have been investing in tar sand companies for 2-3 years

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