60,000 liters gasoline delivery ….

For a barrel of oil investment three barrels can be produced in the Alberta tar sand development. This is quite different to the 1 barrel to a hundred of our youth. Conventional oil is different in its yields and process makes a difference. Tar sands are not conventional oil

Not all oil sands projects are created equal, of course. Cenovus, which uses super-hot bursts of steam to melt seams of bitumen buried too deep to mine, says it can coax oil from the sands for between $35 and $65 (U.S.) per barrel, depending on geology and other input costs. That’s “among the lowest-cost globally,” chief executive officer Brian Ferguson told New York bankers recently. source: Globe and Mail 2014

Oil is less than 50 dollars a barrel at this writing and no mater what the price the ratio of energy used and energy produced is a better scale for rationalizing development. With 240 billion tons of proven oil reserves world-wide and 5 billion a year produced giving 50 odd years of reserve. It looks like oil in
Alberta will be there for a while.

The twinning of the Kinder Morgan line is starting this September from Kamloops and we presume that the economy of following an already producing  line gives a better ratio. We should be on guard for the dynamic of  investment to diversification  that shields real income for income that is circular . The axiom that we live under, reuse ,rethink and  does energy east pay… in real terms… in present modes…

It will be good to see how the twinning to the west coast changes things in the real world as different to the academic….PP

On this Day: May 26th 1986
The European community adopts the European flag.

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