[palmer]

Canada has enough oil sands to supply the world with oil for the next five hundred years, but at $30 a barrel it is not economically feasible to extract it with the steam technology required.

At $70 per barrel, however, it is quite economically feasible and production is being ramped up even as we whine about forcing people to use alternatives.

I have heard that many times before and it was true, when oil was $30 a barrel. But now that oil is $70/barrel the oil sand oil probably costs $100/barrel. Still infeasible.

[E. Pluribus Unum]

But now that oil is $70/barrel the oil sand oil probably costs $100/barrel. Still infeasible.

Then why is one-third of Canada's current oil production from oil sands?

If it's infeasible, how is it being done?

[E. Pluribus Unum]

Alberta alone is producing as much oil from sands as Texas is from traditional deposits:

Production in Alberta is up 61 percent over the past four years. This year, Alberta's oil sands are expected to produce 1.2 million barrels a day, roughly equal to the production of Texas.