[lbo-talk]Peak oil and Why can't you guys learn to quote andattribute properly?

[/ dave /]

jthorn65 at sbcglobal.net wrote, re. Athabasca oil sands deposits:

> No production technology is currently applicable to oil 
> sand deposits and none are promising in development expected to be brought 
> online within the next 20 to 25 years. 77% of this oil is currently unextractable.
> 
> If oil reaches $175 to $190 a barrel (in today's dollars) then it might be feasible 
> to begin extraction.

This is incorrect in light of current technological advances and the 
reality on the ground, as I understand it. Canada's PM just signed an 
agreement of cooperation with China's leader vis-a-vis oil extraction in 
the oil sands and elsewhere (among other things) and activities by 
Canadian and multinational entities are proceeding apace, obviously 
owing to the current per-barrel prices obtainable on the open market. 
I'll dig up some info when I get home, if I can, but google would lead 
to many sources. Is it possible the cite you provide is outdated as far 
as production costs go? Perhaps some less-extreme version of Moore's Law 
would apply here...

-- 

/  dave  /