posted on Feb, 14 2014 @ 12:51 PM
reply to post by pccat
Not only that the wells deplete at a very high Rate 60% in the first year
Need to keep drilling new wells to keep up the pretense of plenty.
Two tons of tar sands are required to produce one barrel of oil. Cost of extraction approx $27 per barrel.
Although profitable on the face of it the Balkans Oil Sands will be depleted in 5 or so years
Shale Gas / Shale/tight oil is another wall street swindle. Thats where the money is being made.
Wall street Investment banks selling and flipping leases at a 5 to 1 raio
This will probable be the nest big wall street scandal