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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (34077)	8/3/2004 2:40:02 PM
From: Umunhum	Read Replies (2) \| Respond to of 206380

<If you investigate the Canadian tar sands project more carefully, you will find that it is a lot more profitable than you think> I never questioned the profitability of Canadian tar sands. Kurt Wulff has been recommending COSWF as far back as I can remember. What I said was that the scalability of oil sands is limited compared to conventional oil. In a traditional oil field, they punch holes in the ground and up comes the crude. If you want more production, punch more holes. It has a very high Energy Return on Energy Invested (EROEI) Oil from Canadian tar sands is mined, carried to a processing plant, heated (using water and natural gas *both have availability limits)), and then they add naphtha to create a synthetic crude. It is a very energy intensive process that uses about 2 barrels of energy equivalent to produce 3 barrels. Environmentally, it is a nightmare producing lakes of sludge. I don't know how much production can be ramped up but I doubt that they will ever produce more than a few million barrels per day. This is not going to be the solution for peak oil.