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No, the PROCESSING costs are tremendous. Not just the set up costs.
It takes a ton of energy to heat the sands, to seperate the oil, then you have to process it more, then you can refine it.
Its price margins will never drop, its all market dependent.
Go read a book about it, I have.
processing costs can be as low as $25.00, not even close to the $100 you suggested, per the book "World Energy Outlook 2010", ISBN 9789264086241 page 165-169
What book would you suggest to backup your highly inflated price?
Quote:
Originally Posted by Memphis1979
And as I said, I'm not opposed to oil sands. But there are plenty of other energy sources that are far less impactful to the environment, far less impactful to the atmosphere, they are cheaper, and we have more of it.
Mainly natural gas.
You mean natural gas, where the price has fallen dramatically with the increased supply over the last decade?
processing costs can be as low as $25.00, not even close to the $100 you suggested, per the book "World Energy Outlook 2010", ISBN 9789264086241 page 165-169
What book would you suggest to backup your highly inflated price?
Quote your source, not a book I can't read unless I buy it. Find me a link, and I'll read it. I can post multiple that show the cost restrictions with oil shale and sands, can you?
(please find a reputable source, USGS, or something along those lines)
AGAIN, natural gas prices have fallen because
A) Its easy to get to
and
B) we have plenty of it
and
C) little to no processing required.
Oil shale is
A) Not nearly as easy to get to
B) We have plenty of it
and
C), Extreme processing needed, which is why the validity is dependent on the market value of oil.
Quote your source, not a book I can't read unless I buy it. Find me a link, and I'll read it. I can post multiple that show the cost restrictions with oil shale and sands, can you?
(please find a reputable source, USGS, or something along those lines)
wait wait wait, you are the one that told me to get a book, so I quoted a book, now you dont like books being the source. I even gave you the name of the book, the ISBN, and the page number.
As I asked, what book would you suggest to backup your highly inflated price?
wait wait wait, you are the one that told me to get a book, so I quoted a book, now you dont like books being the source. I even gave you the name of the book, the ISBN, and the page number.
As I asked, what book would you suggest to backup your highly inflated price?
Something I could read TODAY would be preferable, to see what it actually contains.
The book you may have read may be full of misinformation or wrong information. It may be 30 years old.
No thanks. That's the very expensive stuff, and we'll have a trashed environment by the end of it. No thank you. There's better ways to create jobs than to rely on a resource that will run out, eventually. Plus, after environmental litigation and such, it will be years before we see the first drop of oil come out
C), Extreme processing needed, which is why the validity is dependent on the market value of oil.
Um, natural gas needs to be converted into chemical energy, then converted into heat, then converted into mechanical energy, then converted into electrity, usually through burning. And the cost to produce electricity is about $53 per mhw.
I'm all for using a mixture of sources to produce energy, you create electricity by oil when you are near oil, by gas when your near gas, and so on. To pretend that there is 1 best method is extremely childish.
Something I could read TODAY would be preferable, to see what it actually contains.
The book you may have read may be full of misinformation or wrong information. It may be 30 years old.
Book is from 2010, and I even gave you the ISBN of it if you cared to do any research before embarassing yourself. Again, what book would YOU recommend to backup your highly inflated price? You're the one who asked me to grab a book, I own 40,000 of them, and growing. tell me what book you'd recommend. Backup your claim..
It appears it's dependant on the price of oil as like you say it's more expensive but if oil remains high there is an incentive to go after it. New technology will drive the price down. NO reason to go "all in". The shell project was dumped because of low crude prices if I recall correctly. I doubt the government is gonna give any money for shale exploration but you never know. Too busy funding green stuff where they are going "all in" with our money instead of waiting until the green stuff becomes competitive with other sources of energy. There is the green problem in a nutshell.
Yes, the Shell project was torpedoed by price manipulation by OPEC. I would not be surprised if the govt stepped in and helped get it started. Both parties seem to favor self sufficiency.
Not income tax though. Most companies pay the same taxes plus income tax.
Show me one company that paid more in '09 than the 7.6 billion Exxon paid in "other" taxes. lol. You folks and your hatred of oil is beyond reason. You should be thanking them for providing such great living conditions and allowing the US to become the worlds superpower.
You scream about Exxon going overseas, pushed out by our very own government mind you, and everybody else gets a pass. You think if Exxon stayed here and payed all those taxes that would help the price of gas go down? No they pass on the taxes to the people like every other business.
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