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Old 05-03-2006, 10:29 AM
97E300D 97E300D is offline
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Join Date: Oct 2003
Posts: 237
Quote:
Originally Posted by 83-240D
to extract useable oil from canadian oil sand would take more energy in making the machinery to do so and powering those machines than would be recovered. this is something like a 1.5/2.5 : 1 ratio. why expend more to get less back?
Not true.....I think the break point is something like 80 a barrel today, and there are a few companies making money today... In fact CNBC had the CEO of Suncor Energy of Calgary on a few months ago. There is something in the order of 2 trillion Barrels of oil in these sands. Companies are still a little gun shy, and have every right to be. Exxon lost 5 Billion on an shale extraction process in NW Co, as a small example, there are many more. But even China has now been trying to secure an interest in the Oil Sands.

The biggest play in the unconventional reclamation game is in Alberta Canada. Oil sands production is over 1.2 million barrels per day, nearly double the output of four years ago. The old methods used nearly one barrel of crude to extract a oil barrel in the heating process.

Sure it's easier to just turn a ball valve and let the ground push up some since light sweet crude, but as the price rises.. more and investors will foot the bill and use technology to lessen the cost of extraction.

And yeah yeah all the talk about how it takes more energy to get the energy...that's what the experts said about Ethanol and look at Brazil, energy independent on suger cane.... There is alway more to the story. An engine designed to run on only E85 is more fuel effiecent then Gas like the flex-fuel cars GM is building now. They need to take advantage of the higher octane.
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