PEAK OIL - The New Y2K or The Beginning of the Real End? Message Board

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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?

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To: kryptonic6 who wrote (653)	5/31/2005 6:55:35 AM
From: wherry	Read Replies (2) of 1183

" The most serious constraint, though, is natural gas supplies. Production of oil from tar sands requires between 400 and 1,000 cubic feet of natural gas per barrel of oil produced, depending on the extraction method used. Natural gas production, despite a near doubling of drilling activity, is flat or decreasing both in Canada and in the United States--which has prompted prices to triple over the past few years. Given these high gas prices, it almost makes more sense just to sell the natural gas directly rather than use it to produce oil from tar sands." It is about time that misleading statements like this one from the previous post were challenged for what they are. The people in the oil sands business are not stupid, and there are several tested methods (some partially still under technical development) for extracting and refining Canadian bitumen which require NO natural gas. If NG becomes scarce and/or expensive, then alternative methods are available and will be used. That's capitalism! Tony.

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