Gates And Buffett Tour The Alberta Oil Sands

August 20, 2008 4:49 PM EDT

Bill Gates and Warren Buffett quietly flew into northeastern Alberta this past Monday to take a tour of the oil sands and the Financial Post reported they were ostensibly in awe.

Gates and Buffett were hosted by a group including Canadian Natural Resources (NYSE: CNQ) and the Canadian Association of Petroleum Producers at Canadian Natural's $9.3-billion Horizon oil sands development.

The Financial Post speculated that the power duo (combined net worth $120 billion as reported by Forbes) could be looking to make resource-related investments now that the U.S. seems to be recovering.

Canadian Natural's vice-chairmen Murray Edwards and chairman Allan Markin, who are among Canada's richest people were there and toured the site with Gates and Buffett.

Canadian Natural spokesman Rob Larson confirmed the tour with Gates and Buffett, but would not comment to the Financial Post further.

One source did tell the Post that Gates and Buffett prefer investing in Canadian oil sands because it offers a secure supply of oil for the United States

The Horizon will be Alberta's fourth major oil sands mine when first production begins this fall.


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The Alberta Oil Sands
Lucien BONNET on Aug 20, 2008 07:46 PM

NEW LETTER TO SENATOR BARACK OBAMA Laval, Canada, August 6, 2008 SENATOR OBAMA, ‘It is in adversity’, I was going to say in ‘darkness’, that one recognizes true friends. Energy of the Sixties tested, confronted by Todays’s Energy crisis, what does Science hold for us in this field at the crossroad of the third millennium? Each of us should express solidarity, according to his means. My contribution, apparently futuristic, refers, Senator Obama, to an inexhaustible source of energy, which one should tame now. In a book with limited publication, translated in English for the needs of the cause, entitled ‘BILL A RI And There Was Light’, addressed during his last American election campaign to President Bill Clinton who acknowledged having received it, I dared to tackle this subject. It’s like to say to you, Senator Obama, that in the exceptional circumstances in which we live today - in the point of view of energy - no exploration in the mid or long term, by the american expertise , of an additional source of energy, at the same time safe and profitable, should not be ruled out. There is no witchcraft at all involved in all that, Mister Obama. In spite of my Haïtian ascent and my carefully phrased remarks. It is undoubtedly so when a taboo should be broken through. A taboo of magnitude, Sir, I admit it. A ’scientific’ taboo, seldom encountered. ‘ The taboo arises as a negative categorical imperative,’ affirms Roger Caillois. It is not saying little. Especially when it is a question of adequately correcting the theory of Newton on light and colors. However, at the dawn of the twenty first century, to denounce this taboo, to reverse it, should I say, what an asset! Moreover, at the same time the multiple taboos grow blurred which surround another phenomenon of the highest scientific range, the well known phenomenon under the abusive name of ‘Black Holes’, synthesis of light and colors. Indeed Newton, in good faith undoubtedly in his time, really reversed the interpretation of the phenomenon of light. He took the part for the whole ! So much and so well that today like yesterday, the visible appears so much more tempting. Physicists say it: ‘ninety to ninety nine percent of the matter of the universe (Grosso Modo - said here roughly by Lucien BONNET - for more precisions see "LINKS" or "GOOGLE") is made up of a dark matter, invisible, which generates, propels and surrounds the visible, like the sea surrounds the continents’. Scientists such as Stephen Hawking affirm it. The Hubble Telescope confirms it. But theoretical Optics is stagnant. My intervention, here, Senator Obama, would mean that. It is possible to use another form of energy. By decoding the Black Matter.Without a play on words. Theoretically initially. While ‘returning the elevator to Newton’ - without a play on words. By the Act which consists in making an AMENDMENT TO THE LAW OF NEWTON ON LIGHT AND COLORS. Presently, why should we take the result instead of the cause? — Objectively and in a pragmatic way, how not focussing on a new synthesis? Consequently, what a liberation ! At the threshold of the third millennium, let light live, invisible by synthesis, visible by analysis ! ‘Synthesis and analysis are two wings of the same bird, the rythm of the universe’s heartbeat, tamed inside the infinitely small having mass. Successively contracted and deployed. In the benefit of humanity.’ One small step for Man, one giant leap for Mankind - I also said myself - in ‘ BILL A RI and there was light !… ‘ Unfortunate, yes, but how much a convenient Energy crisis if I dare say, which invites us to explore other avenues, other concepts and, therefore, other resources so far neglected. Invitation to go from the invisible to the visible and vice versa. Taking advantage of the sequence of colorless and colored luminous speeds. In order to better understand the Universe. Where Law and Order prevail. Just like in Democracy ! Energetic formula with a unique character ! In the name of Science and Technology, vapor is being reverse ! A winning formula ! In The United States Of America. By The United States Of America. For The United States Of America and abroad ! With you today, Senator Obama, I repeat this sentence - since 1972 and 1978 - that is to say forty years old, but always, in my opinion, carrying the same message that I wish more and more positive for the years to come, in the third millennium, as I said since 1972 and on April 10, 1978, in a Letter to Doctor Carl Sagan: ‘On the cosmic scale as on the terrestrial scale, darkness or blackness forms an integral, sine qua non part, of color and light pocess’. Is it still broad daylight in the shadow of the black sun? Yours truly, Lucien BONNET PLEASE SEE ‘Bill A Ri And There Was Light !’ LINKS (JANUARY 12, 2008) UBC astronomer makes first map of dark matter CTV.ca - 11 Jan 2008 For the first time, a team of UBC scientists have mapped the elusive ‘dark matter’ in a supercluster of stars in the night sky. New map lets scientists ’see’ dark matter CBC News Astronomers get best look yet at dark matter surrounding galaxies The Canadian Press


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