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Canada To IGNORE Massive 200 Billion Barrel Oil Reserve Find


Economy

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http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/drop-in-oil-prices-means-no-drilling-in-canadas-biggest-shale-reserves/article24630811/

 

From an environmental point of view, if your gonna go fracking, it might as well be in an area with no ones drinking water to contaminate, or an area thats virtually a desert with little plant or animal life The massive shale reserves recently discovered in Northern Canada are just that, in an area with little life, even trees can barely grow there, its all rock...

 

Economically speaking is a different story. With virtually no one living in Northern Canada , no infrastructures such as roads or pipelines drilling would cost a fortune to set up, then a lot of money to build means of actually getting the oil to market

 

Oil companies are stating unless oil prices go up significantly, as big as the oil reserves are in Northern Canada, they just dont make economic sense to extract as it will be unprofitable. Thus for now, they will be ignored. instead companies will focus on cutting operating costs in the oil sands.

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Miker

When it comes to business, nobody does anything unless they can profit from it ; business class 101.

Mars..........or bust!
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RAMROD

That is good, Big companies need not to squander, safe it for future.

(ノ◕ヮ◕)ノ✧*:・゚ ᶠʳᵒⁿᵗ ᵗᵒʷᵃʳᵈ ᵉⁿᵉᵐʸ (*´艸`*) ♡♡♡
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Better Day

Please. Even if these capitalist monsters fracked in deserted places it still ruins the enviroment for the later generations. We need to stop these big facist companies

Together You And I!
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Economy

Please. Even if these capitalist monsters fracked in deserted places it still ruins the enviroment for the later generations. We need to stop these big facist companies

Whod get the oil then?

 

besides no one said there was no impact. Just less than in most areas

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Better Day

Whod get the oil then?

 

besides no one said there was no impact. Just less than in most areas

No one would. We would use solar panels.

They are still an impact that could of not happened if fracking was banned

Together You And I!
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Economy

No one would. We would use solar panels.

They are still an impact that could of not happened if fracking was banned

​that just shows just how much people know about anything. I find it halerious how people talk about switching to green energy to stop using oil...

 

The halerious thing is you could go 100% green and would hardly make a difference. We hardly use any oil for electricity (exept heating oil which is used a lot in some remote areas). The fossil fuels we use for energy are mostly natural gas and coal not crude oil. People cant even get that right :saladga:

 

The only thing that might help reduce oil consumption is removal of it for transportation...46% of the worlds oil is used for transportation. Alot will still be used for making plastics, fertilizers, pesticides, beauty products, asphalt, shingles etc etc etc etc etc etc etc)

 

We use a tone of oil or a lot of things. You wanna turn the world into solar pannels? wont fix the oil problem :awkney:. You might throw a little tantrum at the natural gas and coal business tho :usrs:

 

PS: how about places were i live that have such short sunlight hours in winter and often no wind at all? were suppostu rely heavily on green energy how? :rip:

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PS: how about places were i live that have such short sunlight hours in winter and often no wind at all? were suppostu rely heavily on green energy how? :rip:

​That sounds so sad ... Where are you from? :deadbanana:

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Economy

​That sounds so sad ... Where are you from? :deadbanana:

Toronto area. Winter months is short sunlight hours... And then some summers are quite wet and cloudy (depends on the year)

 

I see nothing wrong with making some solar pannels... In fact were building many. But i think its more of an extra... Realistically i dont think we coukd really ever rely on them too heaviky cause they wouldnt be reliable...

 

Also during summer time we often have stable high pressure systems were theres virtually no wind at all... U see wind turbines barely moving sometimes, ive seen them stopped many times with no wind

 

The only major renewable source of energy we got it hydro electricity. But all manor waterfalls and rivers are already dammed and cant really add more...

 

Green energy is great in concept but they arent always relibale, and in some geographical regions its hard to try to survive off them

 

In my Province, 51% of our power is nuclear. They dont want to build more nuclear for now. They are trying to build more solar and wind but have stated to have reliable power grid they will also have to continue to add some more natural gas plants

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