Economy 52,861 Posted November 29, 2015 Share Posted November 29, 2015 http://www.tarsandsworld.com/cnpc-china/2015/04/beneath-tar-sands-even-dirtier-oil-and-industry-salivating-over-it Canadas oil Sands contain worlds 3rd largest reserves at 170 Billion barrels of recoverable reserves which is expected to double to 300 Billion once new extraction technologies are completed However the oil industry has found that under the oil sands themselves are additional massive reserves of oil in "carbonate form" which may be recoverable with deep drilling simmilar to fracking. The reserves are believed to be as much as 500 Billion barrels. Link to post Share on other sites More sharing options...
Fatigay 21,211 Posted November 29, 2015 Share Posted November 29, 2015 why not just leave it there ugh money and pollution just when there's the Paris Conference on climate... UGH. Link to post Share on other sites More sharing options...
Economy 52,861 Posted November 29, 2015 Author Share Posted November 29, 2015 3 minutes ago, thierryrreiht said: why not just leave it there ugh money and pollution just when there's the Paris Conference on climate... UGH. Well, oil is mostly toxic when burned for transportation or electricity but oils uses are endless. Oil can be used for: pesticides, fertilizers, plastics, asphalt, shingles, beauty products, even some d--gs believe it or not if we stop using oil in ways that burn it pollution would be minimal but we will still use reserves for many other uses it doesnt hurt to find new big reserves Link to post Share on other sites More sharing options...
The Professor 1,060 Posted November 29, 2015 Share Posted November 29, 2015 Yay! Cheap cheap cheap cheap cheap cheap cheap energy going forward Link to post Share on other sites More sharing options...
Jewels n Drugs 4,629 Posted November 29, 2015 Share Posted November 29, 2015 Yasss canada get dem coins oh look when you werent looking my motorcycle turned into a piano Link to post Share on other sites More sharing options...
Economy 52,861 Posted November 29, 2015 Author Share Posted November 29, 2015 49 minutes ago, The Professor said: Yay! Cheap cheap cheap cheap cheap cheap cheap energy going forward Actually drilling for oil carbonate this deep would be rather expensive and wont happen unless oil is back at least around $80 barrel Link to post Share on other sites More sharing options...
The Professor 1,060 Posted November 29, 2015 Share Posted November 29, 2015 1 minute ago, Economy said: Actually drilling for oil carbonate this deep would be rather expensive and wont happen unless oil is back at least around $80 barrel oh Link to post Share on other sites More sharing options...
Hecturr 1,937 Posted November 29, 2015 Share Posted November 29, 2015 Stopppp finding all this oil pls. Can we just calm down and get the price up to 150$ again Link to post Share on other sites More sharing options...
Economy 52,861 Posted November 29, 2015 Author Share Posted November 29, 2015 6 minutes ago, The Professor said: oh Remember that with the exeption of OPEC, not much cheap liquid oil is left the revolution in shale and oil sands resulted in a lot of new oil reserves becoming extractable but to pay for those investments, we had 7 years of really expensive oil until we finally produced a glut that forced prices to collapse but of the 94 Million barrels we produce daily, only about 35-40 million barrels come from cheap to produce wells. Our society has consumed most of the cheap oil already we have tones of oil left but most of it is more expensive to extract oil so cheap oil (below $70/barrel) is not likely to last because too much oil production is unprofitable right now and in time supply will fall and prices will be forced back up Link to post Share on other sites More sharing options...
Sizzily 14,571 Posted November 29, 2015 Share Posted November 29, 2015 1 hour ago, thierryrreiht said: why not just leave it there ugh money and pollution just when there's the Paris Conference on climate... UGH. Can you buy me an electric car? Inside my head I have the best time Link to post Share on other sites More sharing options...
Fatigay 21,211 Posted November 29, 2015 Share Posted November 29, 2015 3 minutes ago, Sizzliy said: Can you buy me an electric car? can you give the next generations a better world? Link to post Share on other sites More sharing options...
Sizzily 14,571 Posted November 29, 2015 Share Posted November 29, 2015 5 minutes ago, thierryrreiht said: can you give the next generations a better world? F*** that, I gotta look out for myself, f*** them kids. Inside my head I have the best time Link to post Share on other sites More sharing options...
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