Just the Facts, Ma'am: A Compendium of Liberal Fiction Message Board

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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction

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To: fresc who wrote (24523)	1/3/2005 11:44:29 AM
From: Orcastraiter	Read Replies (1) of 90947

Agree that oil sands are big bucks to refine. Still much cheaper than going to war. It about stabilizing the region. Do you have the numbers to back that up? Iraqi oil is one of the best deposits on the planet. The cost per barrel for production may be as cheap as $4/bbl. The oil is shallow, light and sweet. By contrast the sand you are talking about in Canada will cost about $20 to $30 per barrel to produce. Let's say $25, but it's probably more than that. Ok then for every bbl that you produce in Iraq you'd save $21. The daily consumption of oil in the US is now about 20.3 million barrels a day. That's a savings of $426 million per day for US demand alone. The top ten users of oil use about 50 million barrels a day. That represents a savings of $1.05 billion per day. Or about $365 Billion per year. Granted the US has spent about $200 billion on the "war on terror" so far, but that's still less than the difference between developing the Alberta sands and using Iraqi oil for just one year. The real bonus for the oil companies is that the money spent on the war effort does not come from their bottom line. It comes from tax payers like me. You're Canadian right? So they get the whole difference between the production costs...and they add up fast. I guess the only thing that you can do with the Canadian sand is .... Orca

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