He was referring to conventional oil. Read what he said, not what you want him to say. Conventional oil production in Canada peaked in the 1970s. As you can see from this link most Alberta oil is now non-conventional.
Alberta's Total Oil Supply
Govt Subsidies Oil Biz $2 Billion Year, This Undermines Renewable Energy
- Thread starter dumpthemonarchy
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He was referring to conventional oil. Read what he said, not what you want him to say. Conventional oil production in Canada peaked in the 1970s. As you can see from this link most Alberta oil is now non-conventional.
Alberta's Total Oil Supply
that # is even lower if you look at conventional Brent crude oil that is no more than 1500 meters below surface in the Loch End field.
Correctomundo. And tar sands oil depends on cheap conventional crude to be profitable. Just like the rest of our civ.
Good example of mindless hype from tar sands junkies.
I don't understand your logic. Cheap conventional oil competes directly with oil sands.
Are you trying to say that all of these projects are conventional oil? Wow, that is news.
CCO makes anything and everything possible, cheap food from 10,000 miles away, space travel, etc.
The EROEI (energy return on energy invested) used to be 100-1 in 1900. Now for CCO it is about 25-1. Tar sands oil is 5-1. Tar sands is tough oil, not the easy stuff, and the easy stuff makes the hard stuff-tar sands, profitable. Because it takes a lot of energy to get energy and tha rate is increasing over time. That's why we're in the Gulf of Mexico with pressures like that of space. Not a long term solution.
Non-CCO is a civ game changer. Would we use expensive CCO (a contradiction in terms) to extract tar sands oil? Maybe, but I think not because gas at $2-3 a litre changes everything. If the price of everything else doubles or triples, then we just consume a lot less of everything.
Gracias. No problemo senor, northemericano govts are on a march of folly. I remember being told in 1980 that we'll star saving gas when it's all gone. We're not here for a long time, but a good time it seems. Party on dudes. Live fast, die young. Pedal to the metal.
I'm not certain if he went off a cliff or otherwise. I know that the phrase Live fast and die young is associated with him.
Ironic; you mentioned gas guzzlers and "pedal to the metal" - ole Jimmy was the first thing on my mind.
Ironic; you mentioned gas guzzlers and "pedal to the metal" - ole Jimmy was the first thing on my mind.
No, he got T-Boned at a desert stop sign. You can find him now at the Heartbreak Cafe and the Boulevard of Broken Dreams.
This is an interesting topic however. I have to read through these posts. I am with the OP and cannot see giving companies that post billions in profit subsidies. I am not saying we should tax them to death or punish them for being successful, but I can't see why they should get breaks either. But boy they have a big lobby and contribute quite a bit to campaigns so there it is.
But somehow I have an image of Dean driving over a cliff. It's much more dramatic and heroic I guess. Going out in a blaze of glory.
Yeah, that's what I'm saying. Don't tax oil companies to death, but don't give them breaks they don't need anymore. And these subsidies/breaks prevent new industries from being started and new jobs. These subsidies/breaks give minimal benefits to Canadians as a whole. A case of private profit and public expense.
I read that so many tax breaks for Newfoundland fishermen helped overfish the cod stocks on the Grand Banks. Microovermanagement does little good.