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To: mark calgary who wrote (6279)9/5/2003 11:04:42 AM
From: Tommaso  Read Replies (1) | Respond to of 11633
 
The gas that is being shut is is not being used to provide steam to liquify the bitumen.

The gas is being shut in to preserve pressure on the bitumen that producers claim they need to get it out of the ground. It will remain in the ground.

The interesting point in your post is the idea of pressurizing the bitumen with carbon dioxide. That would be a natural biproduct of burning gas for the liquificication process and the subsequent cracking, if "cracking" is the right word for bitumen.

It's true that cheap natural gas has been a big help in reducing costs for the tar sands projects, and that it will be hard to reduce costs any further with rising natural gas prices.

There is also the risk of yet one more period of world overproduction of crude oil.

Still, taking all this into account, the syncrude project looks good to me right now.