July 17, 2008
– Comments (2)
Peak Oil Is A Done Deal
... but don't take my word on it! :-D
SU, CNQ, ECA, BQI - canadian oil sands companies that will be increasing output over the next 5 years. These will be your winners. MRO also has a strong position in Canadian oil sands. Any oil company that is increasing output over the next 5 years is going to give you a huge return. The royalty trusts of the sands are also good plays. But you can be sure that as demand continues to rise, with global production at a standstill, any company increasing outputs is going to be a big winner.
cautious investing to all.
These will be your winners.
Well, ... perhaps. Alberta tarsands, free from its rocky encrustation, its light molecules of oil and gas long evaporated. All that is nowleft to exploit is thick, tarry, sluggy sand not fit for a northern lake front. Alberta tar sands layed fallow for years and years, ... 'til the Canadian Government started to aggressively subsidize development. In 1995, the Canadian Federal Government announced that oil companies could write off 100% of their expenses: ... pure case of enterprenurial sprit, ... turbocharged by public walfare! In the meantime:
... thick and tarry, tar sands oil can not be conventionally flowed-off down a pipeline to, say, the U.S. refinery. Treatment first, with natural gas and other petroleum products, is mandatory, and not just with a little bit either; ... the tar sands require over 5-times more of these precious, conventional, petroleum products than, say, regular heavy crude does.
Further still, ... for each barrel of tar-sands oil, no less than two tons of sand and clay must be mined. This contributes greatly to the fact that once one barrel of oil is finally, (... finally!), "bundled", equivalent of two-thirds of its energy content was already consumed - gone, ... "bundling" it! , ... and never mind that about 6-times more carbon dioxide than producing a barrel of, ... say, conventional oil is produced in the process.Anyway, ... about $15-billion has been invested, so far, ... and all industry is projecting is about 3 million barrels a day by, ... about 2012! Imagine.
In meantime, ... oil-sands gorge on about one quarter of Alberta's fresh water — each barrel of oil needing 6 barrels of water to flush it out, ... and burns up to a one-fifth of the entire Canada's natural gas supply. No trouble, ...
C., ... from Alberta, stupid to the last drop of oil Province of Canada!
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