Oilsands Quest

I would like to talk about Oilsands Quest Inc (BQI). It has been hit and hit hard and I would like to talk about why. The oilsands operations in Canada are a heavily subsidized industry. Canada realizes their potential as do I. I feel that these operations will turn Canada into the biggest seller of oil to the U.S. Recently there has been a public outcry. The Canadian citizens have taken a turn for the "green." They feel that these companies are harming the environment and are calling for eliminating the subsidies and actually taxing these companies that don't meet curtain environmentally friendly standards in their exploration. This is ridiculous. Oil is turning into the most valued commodity around the world, and any potential to discover and extract as much as possible needs to be taken seriously None the less, the Torries have acknowledged these demands and are taking action. This explains for the loss in the stock price of BQI. I feel that this is just a setback in the long run. This is still one of my favorite companies and the Canadians will soon realize that they can't have their cake and eat it too.