To: E. Pluribus Unum
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.
75 posted on
05/17/2006 1:36:05 PM PDT by
palmer
(Money problems do not come from a lack of money, but from living an excessive, unrealistic lifestyle)
To: palmer
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?
77 posted on
05/17/2006 1:37:49 PM PDT by
E. Pluribus Unum
(Islam Factoid:After forcing young girls to watch his men execute their fathers, Muhammad raped them.)
To: palmer
79 posted on
05/17/2006 1:41:29 PM PDT by
E. Pluribus Unum
(Islam Factoid:After forcing young girls to watch his men execute their fathers, Muhammad raped them.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson