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To: Wyätt Gwyön who wrote (9826)7/25/2004 6:14:10 PM
From: Tommaso  Read Replies (1) | Respond to of 116555
 
No the "barrels" are barrels of syncrude. I am sure that there is a huge amount of asphalt that comes out of the project, but actually asphalt is a byproduct of refining of most crude oil.

Syncrude is a very high quality product, free from sulphur, and syncrude commands a higher price than standard WTI. A large fraction of all the oil now used in canada comes from this process.



To: Wyätt Gwyön who wrote (9826)7/26/2004 2:40:48 AM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 116555
 
syncrude.com

Syncrude produces high-quality, light, sweet crude oil which meets more than 13 percent of Canada's petroleum needs. This works out to approximately 230,000 barrels per day. Syncrude produces a single product which we call Syncrude Sweet Blend.

The problem I have is the relationship between the energy required in the form of NG to produce the syncrude. It seems to cancel much of the leverage a regular producer would have to increased oil price.