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Originally posted by spaceghost
Man that is the most freightening thing that i have ever read...that is some spooky sh#$t coming out of that book...i have to say that it is very well researched. i just don't know what to say, kinda freaking out.
explains a lot of stuff i was ignorant to, wow is all i can say.
thanks for the link.
# If all of Canada's bitumen - estimated at 1.7 to 2.5 trillion barrels - could be recovered and refined, it would satisfy North America's oil demand for several generations.
# Oil sands are found in three different deposits in northern Alberta: Athabasca, Peace River and Cold Lake. The Athabasca deposit is the largest of the three and has the most concentrated oil sands development. Note the map of Alberta to the right: The yellow areas show the oil sands deposits in Alberta.
# Bitumen makes up about 10-12 per cent of the actual oil sands found in Alberta. The remainder is 80-85 per cent mineral matter – including sand and clays – and 4-6 per cent water.*
# Alberta's oil sands comprise one of the world's two largest sources of bitumen; the other is in Venezuela.*
# Oil sands currently represent 40 per cent of Alberta's total oil production, and about one-third of all the oil produced in Canada. By 2005, oil sands production is expected to represent 50 per cent of Canada's total crude oil output, and 10 per cent of North American production.*
# About two tonnes of oil sands must be dug up, moved and processed to produce one barrel of oil. Roughly 75 per cent of the bitumen can be recovered from sand; processed sand has to be returned to the pit and the site reclaimed.*
Originally posted by jawapunk
Another thing to take into account when looking at figures on the capacity of an oil field is the fact that the amount stated is not the amount that is extractable. Most oil fields only extract about 50-75% of their oil because after a certain point it becomes more expensive to extract a barrel of oil than it is to sell it.
Therefore the amount of oil that is extractable in this day and age of cost feasibility is MUCH less than the stated numbers. We have reached peak oil, and if something is not done soon, we will be past an energy crisis and into an energy DISASTER