Vive Le Canada

Alberta's Tar Sands Gamble

Posted on Saturday, September 17 at 13:11 by eugene
Note well that Alberta's NON-RENEWABLE stocks of Oil and Gas are declining. This is where the Alberta bumper surplus comes from, however we still have the lowest royalty and tax rate on oil profits in the World. While our conventional supplies are in a serious decline. The reliance on the Oil Sands currently is one of an long term investment, oil factories are being built, which is creating a temporary job boom, and extraction processing is underway but it is not producing royalties or taxes yet. And probably won't for a decade. The same can be said about the new kid on the block; Coal Bed Methane production of gas. It's being pushed due to our declining gas stocks, and it too is a gamble that can only pay off in the far future. Read thw whole article at: http://plawiuk.blogspot.com/2005/09/albertas-tar-sands-gamble.html

Note: http://plawiuk.blogspot...

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  1. by Anonymous
    Mon Sep 19, 2005 4:25 am
    224 million barrels a day? I don't think so.

  2. by avatar Crankster
    Mon Sep 19, 2005 4:31 am
    Why am hearing that we are selling out to the chinese then? If our stocks of oil are so low and the supply issteadily declining why is the world so hot for canadas' resources?

    ---
    A little peice of heaven is found in good deeds.

  3. by Anonymous
    Mon Sep 19, 2005 5:13 am
    The Chinese are investing in oil sands. To get the oil out of the sand requires gas to make steam to heat the sand to release the oil. Then its processed above ground to clean it up. It takes lots of gas to do this and the gas is not in Alberta. It will take much more relatively clean burning gas to produce dirty burning oil. The oily waste water, overburden, and slurry from production will cover a large area of Alberta. The areas involved are about the size of the state Florida. The run-off water from this large moonscape will migrate towards Hudsons bay. It may be prudent to purchase a retirement property outside Alberta now because when this gets into high gear the health care costs in that province will sky rocket.

  4. by hoopoe
    Mon Sep 19, 2005 4:06 pm
    He got it a little mixed up. According to the Sept. 16 Calgary Herald these numbers are 600,000 bpd (220 million barrels last year) of conventional oil and 13.42 billion cubic feet per day of gas.

    To the comment below, all the gas is indeed coming from Alberta to process oil sands bitumen, unless you meant for future use, in which case you are likely correct Alberta will have to go outside the province. However, I see it much more likely as the price of gas increases that Alberta will foot the bill for a nuclear power plant in northern Alberta (yet another subsidy to the oil industry using taxpayers money). We used to be able to build gas stocks during the summer months for the winter months but the increased activity in the oil sands in contributing in no small part to our inability to do this anymore with the result that gas prices are predicted to be at record levels this winter.

  5. by avatar Dr Caleb
    Mon Sep 19, 2005 4:08 pm
    Wow. Talk about complete FUD. You might want to check some of those 'facts' with actual sources.

    The University of Alberta, Petrolium Engineering faculty comes to mind.


    ---
    "If you must kill a man, it costs you nothing to be polite about it." Winston Churchill



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