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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (25796)	2/3/2005 10:49:36 AM
From: Tommaso	Read Replies (1) \| Respond to of 110194

>>>Mu understanding is that the all-in cost of producing oil from the sands is closer to $25 a barrel and can be as high as $35.<< I have been studying the Syncrude project pretty closely for about three years, and what I read points to total costs of $12-$15 a barrel. The $25 figure was true ten years ago. The technology and economies of scale keep pulling the costs down. One big future expense for the in situ projects will be natural gas. Mainly it just is used to make steam. I don't see why they don't build a nuclear reactor to make steam to melt the bitumen out. The open-pit projects use less natural gas, but the cost is still very important.