Originally posted by sardion2000
But how are you guys gonna extract it at an efficient rate? Canada can only manage 1 mil/b/d and our recoverable reserves atm are roughly 140 billion
barrels, if it was so cheap, why haven't we extracted it long ago? Could it be that Saudi Sweet Crude was cheaper? Not really so anymore.
You can get a barrel of Saudi crude out of the ground for about 1-2 dollars ( to this day as far as i know) while Russia is around 6 dollars. The
disparity in what we pay per barrel and those prices can hardly be explained along cost analysis lines and trying is just playing their game and
assuming a scarcity that does not exist. The question of how and why Canada can manage what the US 'can not' should give you pause but i guess you
never bothered to stop and think about it?
Our daily output is expected to double in a decade, maybe even less,
Not if American industrial decline continues along it's current path it wont.
Oil in the Mountains seems like it may be very hard to get at.
Says who and why do you believe them give their absolutely massive profit margins these days?
The Extraction and Refining may eventually cost a good deal less then it is currently of which I cannot find any source that seems
semi-reliable. (Any Wiki link or link from an unknown(and thusly untrusted)) source should be taken with a grain of salt.
Extraction and refining is not expensive to start with ( given even oil in 30 -40 dollar -per-barrel range) so why pretend it can not be massively
cheaper given full government and national involvement? Wiki is more reliable as source than many of the major publications ( Britannica, etc) so why
worry about source material of others when you provide non to dispute it?
But my question is this. Is the cost of extracting debris included in the extraction cost?
Well as business endeavours go you can not decide what you want to build into your cost structure if you want profitability and there is no reason to
assume they will 'fail to mention' that cost in their business plan which can always be double checked.
Or is there an accounting trick to make it seem cheaper then it really is to the laymen or joe blow speculative investor.
Well research the issue and let us know why and how you suspect foul play.
If I had the will power to actually look it up, I guess I could calculate how much energy is required and then estimate the cost based on that,
but it's late. Maybe tomarrow if I remember.
You do not research this sort of thing in a day ....
EDIT: If anyone wants to help out by locating reliable information for different variables, then I would be greatful. 
The heavy syrup is either drawn out with heat or mined with machinery and then heated to transform it into usable oil. The production cost per
barrel, $10 to $20, makes it competitive with conventional oil in the United States.
The oil sands didn't yield their treasure overnight. Suncor Energy of Calgary, the first company to begin such operations, in 1967, embarked on a
major expansion in 1998, when the worldwide price of oil had plummeted to around $10 per barrel and the cost of producing from oil sands was still
well over $20 per barrel. "It did take a lot of nerve," Chief Executive Officer Rick George recalls. The company continues to absorb risks. Early
last year, a major fire cut Suncor's daily output for 2005 by 22 percent. Even so--in a measure of just how profitable this business is--Suncor saw a
14 percent increase in net income.
www.usnews.com...
Feel free to try discover how much the Canadian government was involved or if this company managed to do it on their own. SASOL ( South Africa corp ;
i think
) is still manging to make a profit while turning coal into gas/diesel and one really has to wonder why a country with the resources of the
USA can not do the same on far larger scale. This is not a question of 'cost' or 'economics' but simply one of what the American government have
chosen to do for their selfish ends.
Stellar
