Canadian Tar Sands And The True Cost Of Oil (PHOTOS)

http://www.huffingtonpost.com/2011/08/20/canadian-tar-sands-and-oil-costs_n_929361.html

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Global Protests Against Tar Sands - Scores of protests are scheduled for London, Copenhagen, Vienna, 11 Canadian cities and 25 cities in the United States. A group calling itself Wild Idaho Rising Tide (WIRT) will be protesting in Moscow, where at least two of the mega-loads will roll by later this month.

http://www.boiseweekly.com/CityDesk/archives/2011/06/18/global-protests-against-tar-sands

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Tar Sand Investments Could Be Oil Industry’s Version of the Sub-Prime Meltdown - The Guardian quotes Mark Hoskin, senior partner at invt advisors Holden & Partners as saying, “There is a good chance that tar sands could be to the oil industry what sub-prime lending was to the banking sector.” The main points cited as factors which threaten the long term profitability of tar sands investment: Low Carbon Fuel Standards Legislation; Labor Shortages; Untested Carbon Capture Technology; Future Litigation Risk & Site Clean-Up Costs; Climate Change a ‘Reputational Challenge' -

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$12 to produce a barrel of oil from tar sands - Syncrude Canada spends $12 to produce a barrel of oil from tar sands, while the Saudis spend only $1 for every barrel produced (2002 data) -

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Tar Sands oil production - Mixing and refining tar sands is a very polluting process, emitting very high levels of SO2 -

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Tar sands for oil production - It takes 2 tons of tar sands to produce one barrel of oil -

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Oil production from tar sands - In order to produce oil from tar sands, tons of rocks have to be handled from open pits and crushed into smaller particles. Then the oil has to be extracted from the tar sands either by hot water processes, solvents or thermal means. This has to be refined even further. -

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Tar Sands in Northern Alberta - Estimates are that there are 300 billion barrels of recoverable oil in tar sands in Alberta. Venezuela is also believed to contain 300 billion barrel of extra heavy oil -

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Large tar sand deposits have also been found in... - Estonia, Australia, Brazil, US & China -

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Syncrude Canada's Tar Sands Operation - Syncrude Canada operates the largest tar sand production facility in the world -

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Tar sands oil could cost more than 50 $ a bbl - While oil extraction costs from places like S Arabia and Iraq are something like 5 $ per barrel owing to the easy geology, for Canadian tar sands it could be an exotic 50$ per bbl -

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Total possible oil reserves - Conventional is about 3.5 trillion bbls (of which 1.1 tr has been used); 1-2 trillion bbls of sand and extra heavy oil; including oil shale, the total long-term potentially recoverable oil reserves base is about 6.5 trillion bbls; if you include coal to oil, then it is about 9 trillion bbls - IEA, 2007 -

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Two major tar sand areas - The two major tar sand areas in the world are: Eastern Alberta, Canada & North of Orinoco river, Venezuela -

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Do tar sands give heavy oils? - This is a question, for which we need to find the answer - do tar sands give heavy oil? what are the properties of the oil given by tar sands? -

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Canadian tar sands contain 1.7-2.5 trillion barrels - The remote, boggy landscape contains between 1.7-2.5 trillion barrels of oil, of which an estimated 173 billion can be extracted using expensive, hi-tech filtering technology. Canada's reserves are second only to Saudi Arabia's deposits - http://www.theenergycollective.com/TheEnergyCollective/34705

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Tar sands contain 10-12% bitumen - The oil sands are about 10-12% bitumen and would need to be processed all the way to the final upgrade with natural gas. -

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Mining and processing tar sands - Mining and processing tar sand requires a large amount of water -

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Heavy oil, bitumen and energy - By mid 21st century, heavy oil and bitumen (tar sands) could make up more than half of the world's energy supply -

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