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Speaking of other places there are tar sands...
Expect Republicans in Congress to start heating up the rhetoric on the need to invade Venezuela and depose Chavez, because he's "destabilizing" South America or something.
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You'll have to settle for the per-barrel profit:
Tar sands: $21.75
Conventional: $12.41
They make money hand over fist right now. Part of the reason for that, is the fields have a large supply of captive natural gas the ventures use for fuel in processing. Eventually, within ten or twenty years, that runs out, and the ex situ processes which consist of digging enormous ghastly gashes in the boreal forest (probably environmentally the worst form of resource extraction on earth) become uneconomical, while the new in situ processes deeper underground predominate.
Speaking of other places there are tar sands...
Expect Republicans in Congress to start heating up the rhetoric on the need to invade Venezuela and depose Chavez, because he's "destabilizing" South America or something.
Ah, that would make sense. Tar sands themselves are simply almost not worth bothering with, but if it came coupled with bound and extractable natural gas, that would make a huge difference in the economics. Something to read up on.
Speaking of natural gas, it reminds me. I thought
refineries weren't allowed to flare their gas any longer.
I thought they had to re-capture it somehow or other.
Am I wrong?
I think that is correct.
There may have been some requirement to do so, but given the cost of natural gas anymore, it is actually becoming economical to capture the gas and use it for energy.
The last time I was in CC they were still flaring.
Although it has been awhile.
The THAI, or toe-to-heel-air-injection technology, actually is applicable for more than just tar sands. It could also work on depleted wells such as in Texas.
But for Canada... you'll spend $10 million on a well and pump out $500 million worth of oil. Those hockey-swilling Canucks are going to own the United States.
Yeah and they kinda like your name, with Molsons
in front of it. If I remember correctly. Except in
Ontario you had to drink in an all male bar but
always had to go through the ladies bar to get to the bathroom.......but I loved Canada. Although I
was in my twenties in those days and loved sports.
Including the winter sports. But can they drink,
long and hard.
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