On the most basic levels, the oil sands are bad business. Those costs do not include further processing required before going to market, as well as transport costs and the like. " the Canadian Energy Research Institute (CERI) pegs breakeven costs at $43.31/bbl for SAGD projects (steam-assisted gravity drainage) and $70.08/bbl for a stand-alone mine. crude prices of at least $53 a barrel, meaning right now Athabasca keeps losing money on Hangingstone production. Įx - " The project can break even with U.S. the price needs to be much higher than that for there to be profit that makes the lack of a future resource worthwhile. How many analyses show that the oil sands can't be remotely profitable under $50 in _ideal circumstances_. You do realize that some products aren't worth selling right? And people feed their families from these jobs. It will recover anywhere with or without us. Unless you had old topo maps you would never know they reshaped northeast Georgia. Now these areas are state and federal parks, homes, and wilderness. Areas of Georgia were blasted with water cannons and dynamite in the first gold rushes. And if tree huggers can't pay to play, they just whine and puke their radical ideas on these forums. Land owners, claims owners and financial investors should never be told to go pound sand without compensation when something gets conservationists attention. The Nature Conservancy buys land with real money to protect snail darters and rare ecosystems. Unfortunately for most people you don't have to pay for that opinion.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |