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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 382.87

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Nov 13 4:00 PM EST

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To: energyplay who wrote (6713)	5/24/2006 9:09:07 AM
From: Bid Buster	Read Replies (4) of 217752

Oil sands is also very water intensive, The BTU's required to make one BTU of product has been open for debate with the people I know, but it ranges between 2-1 and 3-1. And then there is environmental impact, huge open pits, runoff (besides waste water) And the huge cost to restore that environmental damage. And once the oil is recovered it still needs to be refined and it is a very dirty oil that makes venezuela crude look sweet. The general consensus from the people I know is oil sand production is over stated costs are understated, and none have put any money on it. Again, sorry about no links as this is all heard from people I know in the oil biz in south Tx and its usually coupled with rolled eyes and laughter.

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