Tar Sands

dumpthemonarchy

House Member
Jan 18, 2005
4,235
14
38
Vancouver
www.cynicsunlimited.com
Madagascar Oil brings tar sands project to London market


The arrival of Madagascar Oil on the Aim market today allows investors to buy into what are likely to be among the dirtiest oil sands projects – benefiting from the lowest tax rates – anywhere in the world.

Higher oil prices make the projects viable and the government is desperate to get production going, possibly as early as next year. It is ready to entice Madagascar Oil and its French partner Total with an extremely generous tax regime. Operators are being offered 99% of the revenue for the first 10 years while they recoup their costs, with just 1% for the government. Platform, a campaign group that monitors oil companies' activities around the world, said the offer was "unheard of".

Yeah, but the pre-non-tax bribes are likely a billion or so. Just like what oil companies had to pay in Libya and a dozen other third world countries have to do to get the business.

The "offer" is not the final deal.

Comparing Canada to Madagascar is what the Tories want, more idle chat about "ethical oil". We win. We want to win by much more but Alberta would prefer to go into deficit for Big Oil and cause needless pollution than be as green as possible. So they are dirty.
 

Durry

House Member
May 18, 2010
4,709
286
83
Canada
With the recent Technical advances in recovering oil from the Oil Sands, the amount of green hse gasses from Oil Sands development is almost the same as middle eastern oil landed in North America.
So if you want to keep complaining I think the only question that remains to be answered is when do you want to freeze in the dark ?
And the second question is, are you a big big dumbo ?
 

captain morgan

Hall of Fame Member
Mar 28, 2009
28,429
148
63
A Mouse Once Bit My Sister
Comparing Canada to Madagascar is what the Tories want, more idle chat about "ethical oil". We win. We want to win by much more but Alberta would prefer to go into deficit for Big Oil and cause needless pollution than be as green as possible. So they are dirty.


I sup[pose that you can source some of the necessary oil from Libya... You know, that place where all of the oil revenues go towards Khadafi's efforts in exterminating his own people.

... Sorry, I'm off-track here... You were talking about ethical oil, right?

With the recent Technical advances in recovering oil from the Oil Sands, the amount of green hse gasses from Oil Sands development is almost the same as middle eastern oil landed in North America.
So if you want to keep complaining I think the only question that remains to be answered is when do you want to freeze in the dark ?
And the second question is, are you a big big dumbo ?


I'm still waiting for the green-brigade to provide me with an explanation of what "clean oil" is (ie. not that nasty dirty oil from Alberta). I am lead to believe that for every barrel of clean oil that you buy; an angel gets their wings.
 

ironsides

Executive Branch Member
Feb 13, 2009
8,583
60
48
United States
Where exactly does the oil from the Canadian or American Tar Sands fit in, is it "Light Sweet" or a blend like "Brent"? Who will be using that oil at least in todays time frame?

Light Sweet Crude

  • West Texas Intermediate (WTI) is considered a light sweet crude oil of very high quality and is excellent for refining a larger portion of gasoline. Its API gravity is 39.6 degrees (making it a “light” crude oil), and it contains only about 0.24 percent sulfur (making it a “sweet” crude oil). Early oil prospectors coined the term “sweet” because the low sulfur allowed the oil to pass their taste test.

Brent Crude

  • Brent is actually a blend of crude oils from 15 different oil fields in the Brent and Ninian systems located in the North Sea. Its API gravity is 38.3 degrees (making it a “light” crude oil, but not quite as “light” as WTI), while it contains about 0.37 percent sulfur (making it a “sweet” crude oil, but again slightly less “sweet” than WTI). The Brent blend is ideal for making gasoline and middle distillates, both of which are consumed in large quantities in Northwest Europe, where Brent crude is typically refined.