by Dukat_Reloaded » Mon 10 Oct 2005, 09:16:35
The Idea of mining tar sands is an idea failed from the start. The Entire project was almost abanoned in 2003. From all the reports of trucks breaking their wheels and getting bogged in the tar ($5 million trucks) trying to carry tar sands over tar sands is insane. They have to process 2 tons of tar ore to get only one barrel of oil, it's a failed concept from the start. They are not making any money, all the money thats used to produce oil is being fed by investors trying to cash in on the oil boom, but when that bouble pops in tarsands, they won't be producing for long. Afew years down the track they will have to go deeper and process 2 to 3 times as much oil to get a barrel and even at current estimates to produce a barrel of ore from 2 tons of tarsands using more energy than what is obtained. From simply pumping sweet oil from the ground and piping it to using trucks to process ore and extract heavy crude is not viable. They claim $18 to produce a barrel of oil, thats not correct, It's more like $50 and it will increase much futher and with the comming economic depression the tarsands will not be viable as the company and the consumers could not afford to produce or buy the oil. Peakoil is about cheap oil, not expensive oil, if oil is expensive, noone can afford it. It's much like if people ate gold, say we could mine alot and sell it cheap for $1 an oz and that would keep a person fed, what would happen if gold becomes $500oz and everyone is only earning $50 aweek, it means alot of people will die.