Tar Sands Threaten Saudi Oil Supremacy - 3Ceco.com

[dsspike51]

if you take the sky high inflation rate in fort mcmurray, extremely high cost of housing, canada's highest apartment rent, and cronyism hireing practices, things ain't to shit hot there.

[togwm]

It's 2011..and something is really changing in Alberta..and it's not for the betterment of Albertans!

[jmallton]

It will take a crisis of large proportions to ever get an energy policy change

[jmallton]

Isnt this oil some of the dirtiest oil in the world ?......I know the USA has literally trillions of barrells of oil shale but the process used to get the oil is considered terrible for the environment so it is not allowed.......and I think the canadians need to be careful with the chinese......helping your enemy become strong is not overly intelligent.....we can selll our oil to China and the USA could pull about 1.5 million jobs out of our economy over night

[hop208]

@jmallton I live in Pennsylvania and we have enormous shale reserves in our state. Just because it's environmentally devastating won't stop the powers that be from getting it which they currently are. The process of extraction could poison the water tables of Southern New York, and the Delaware River, which feeds Trenton, Newark, and Philadelphia. Millions could be negatively affected on an unprecedented scale if something goes wrong. Which it inevitably will with deregulation being pushed.

[jmallton]

@hop208 without a push for green technology.....nothing will ever change....but the push has to be massive.....not a few programs here and there

[hop208]

@jmallton No company with enough resources would make that push it there was a cheaper solution that involved fossil fuels. That unwillingness and the political cowardess of our politicians will ensure that there is no serious push until there is literally no oil left and we're facing an unparrelleled crisis. Americans started adapting when the prices sky rocketed 2 years ago, put let it go when prices dropped again. Our unwillingness to change will make it very difficult when were forced to.

[CanadianIndian88]

Tar sands = Crap Oil, it is actually sand.

The "Oil Sand" is extracted, upgraded and then refined. Which is as good as Saudi Oil, and trades at a premium. The Operating cost's are not as bad: To make one Barrel of Oil the Operating costs vary from $25-$30. But They are declining due to newer technologies.

Meaning, if Oil trades at $75 a barrel, and it costs $25 to produce. You can see they are making good money. Actually Alberta GDP/family is highest in N.America; so we do see the benefits.

[hop208]

@CanadianIndian88 Which as an American I am very happy about. I would much rather pay my money to Canadians then the Saudi's.  You're stable and almost just like us. Plus the added leverage could keep some of the crazies in Washington in line. Canada has always been the more sane one in North America.

[Bojaxs]

tar sands = crap oil

It takes just as much fossil fuel to harvest and refine the oil into fossil fuel. Canada gains nothing from this while foreign investors gain everything.

Seriously, how much gas do you think it takes to operate all those trucks and cranes in the sand pits? Not to mention they usually run on a non-stop 24 hour schedule.

We need to take the money we gain from our oil and invest it in technologies,sciences and education and create an economy that isn't so reliant on oil.

[edgemanAu]

Tar sands have well known limitations , specifically the energy needed to produce it by comparison to how much you get out . not to mention the current means of extraction requires vast strip mining to dig it up and super heated steam to extract the oil. barring a huge leap in extraction technique and processing efficiency it will remain a small time producer with a massive pollution aftertaste.

[azkeyz]

The usa is on canadas list of terrorist countries.

I recommend canada be emediately placed on the united states list of terrorist countries for transactions with china

which supports global terrorism since china sells weapons to enemies of the united states.

oil companies laughing as they enslave us.

[asmodean83]

You're an idiot azkeyz.....