Re: OT: The Real Reason Why Oil Companies Aren’t Investing Right Now

On Jun 29 2008 6:57 PM, Dutch wrote:

risky biz wrote:

You dimwits need to get over the fantasy that America has enough oil to be
energy independent. And give us a break, too, with the oil sands bull***.
The technology isn't there to use it.

The technology is here and in use, and better, cleaner technology is
inevitable. http://oilsands.alberta.ca/

I was speaking in reference to American oil sands and American production:
"In addition to being much smaller than the Canadian deposits, U.S tar
sands are hydrocarbon wetted, whereas Canadian sands are water wetted. As
a result of this difference, extraction techniques for the tar sands in
Utah will be different than for those in Canada. A considerable amount of
research must be done before a commercially viable production technique
can be developed for the U.S. tar sands. Of special concern in the
relatively arid western United States is the large amount of water
required for tar sands processing.[7]"
http://tinyurl.com/5arzr5

Even more unviable is the shale oil specifically mentioned by the genius
OP:
"According to a survey conducted by the RAND Corporation, the cost of
producing a barrel of oil at a surface retorting complex in the United
States (comprising a mine, retorting plant, upgrading plant, supporting
utilities, and spent shale reclamation), would be between US$70?95
($440?600/m3, adjusted to 2005 values). This estimate considers varying
levels of kerogen quality and extraction efficiency. In order for the
operation to be profitable, the price of crude oil would need to remain
above these levels.
http://tinyurl.com/665skr

(That's without considering transport and distribution) None of which
means I'm opposed to developing the technology. Just fed up with the Alice
In Wonderland posters who are always knee jerk absolutely sure that the
best course of action is opposite to that recommended by intelligent
people who know what the hell they're talking about.

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