Re: Alberta Ca Oil Fields

Posted by Michael Soldan on August 30, 2005 at 17:25:30 from (24.235.42.218):

In Reply to: Alberta Ca Oil Fields posted by Dave Sherburne,NY on August 30, 2005 at 14:10:31:

In reply, Mike A has said it. The Alberta oil sands are larger than the Saudi oil fields, the problem is getting the oil out of the sand, often referred to as the tar sands because of the thickness and extreme lack of viscosity of it. It must be heated ,originally with steam to make it more viscous and then it can be extracted. Hopefully new technology will help in the production of oil out of these tar sands. It is estimated that the area could be a large supply for a very long time , provided that a cheap and efficient process can be developed. Yes as one of our panelists has said most of our oil goes to the US and we end up paying more at the pumps than US consumers. We can't expect that oil should be sold within Canada cheaply when the world price is hovering around$70 a barrel, so in reality the high bidder gets the oil. Incidentally the province of Albert where the tar sands are gets very wealthy. Hopefully it will be the future of energy for the north American market...Mikein Exeter Ontario

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