Friday, October 08, 2010
Avatar Director James Cameron Tours Tar Sands; Calls for Halt to destroying Canada for oil but no one can stop the self destruction of man
I agree and disagree with Cameron primarily because there is no way in hell I see any search for oil regardless of how destructive it is coming to a halt. Tar sands oil is the dirtiest oil on earth. It requires clear cutting ancient forest, digging up the dirt, and using massive amounts of water and energy to extract oil from it.
The process leaves behind giant toxic lakes and has been linked to cancer in nearby communities. The proposed 2,000 mile Keystone XL pipeline would carry tar sands oil across major sources of drinking water and farmland in the United States. Avatar Director James Cameron Tours Tar Sands; Calls for Halt to Project
I first wrote about Canada's oil sand and our massive amounts of shale oil 5 years ago when conventional oil source were getting increasingly scarce, expensive, and in jeopardy. I was unaware that we had more oil reserves than the entire world combined and have been mining and trying to find economical ways to convert it to usable oil since the 19th century. Under Bush that research was secretly stepped up while we were off war mongering in all the worlds oil areas.
What a coincidence huh? Look at this please!
As you look around the world and notice Bush and now Obama screwed with every oil producing Nation on earth you have to wonder why he was not concerned with gumming up the world's oils supply including ours or so most think! A war in the middle east including the Gulf would keep oil from flowing even to America especially if it's nuclear right, wrong!
I wrote this because oil was sky rocketing. You would laugh because oil was at $105 per Barrel and moving rapidly largely because of Bush was at $117 per Barrel and racing skyward. Thus I felt compelled once again to discuss this. Opec is right it is not their fault. They are supplying plenty. The bottle neck is ours and on purpose to keep the price inflated and that is the refineries. The deflating dollar doesn't help either.
Remember when the idiot was in Saudi Arabia trying to blame our worsening condition on them. Absolutely 100% everything is his fault. Oil alone was $28 per Barrel when he started. Then because of that idiots war mongering and mismanagement of his oil friends and everything else it was $105 and like everything else will get a lot worse. look at the list of Opec countries and think about his interference.
Ecuador(**) South America
IR Iran* Middle East
Iraq* Middle East
Kuwait* Middle East
SP Libyan AJ Africa
Qatar Middle East
Saudi Arabia* Middle East
United Arab Emirates Middle East
Venezuela* South America
Learn more about Opec Nations
oil producing Nations Bush screwed with
You want to wonder why we are still preparing to block the worlds largest oil producing region with a war in the entire middle east until you remember something Bush initiated in 2005 while telling no one and I have gotten many investment offers on it. I was a bit surprised to find out the following on Shale oil!
A headline on an old newspaper reads: Oil Shale Development Imminent,". That edition of the defunct Grand Junction News, was published at the dawn of the 20th century. More than a hundred years later, instability is roiling world oil markets and shale oil and oil sand fever is again rising. Our shale oil is in the geologic region known as the Piceance Basin, part of the Green River Formation that stretches across the rugged plains of northwestern Colorado and parts of Wyoming and Utah.
There is no dispute that a thousand feet below the isolated ranch country here on Colorado's western slope lie almost unimaginable oil riches. It's locked in sedimentary rock -- essentially immature oil that given a few million years under heat and pressure would produce pools of oil easy to extract. Canada is pristine to Canadians and that area is pristine to me but we do not matter only corporations, industry, and Government.
The Energy Department and private industry estimate that a trillion barrels are here in Colorado -- about the same amount as the entire world's known reserves of conventional oil. The entire Green River Formation might hold as much as 2 trillion barrels.
supposedly secretly pushed by the Bush administration and legislation from Congress , and still ongoing under Obama, the energy industry is mobilizing to unlock the secret of oil shale. As it has before, shale oil holds out the hope of a USA no longer dependent on foreign oil. Shell Oil is engaged in a multiyear test of a new technology for extracting the oil. Previous efforts that were uneconomical and environmentally destructive entailed mining the rock, crushing it and heating it above ground to release the oil.
Shell's new process involves sinking heaters deep underground, cooking the rock at 700 degrees and recovering the oil and natural gas with conventional drilling. For a decade, Shell has been ramping up its research on private property here. It is also one of a handful of companies vying for research and development leases on larger tracts of federal land nearby. That could lead to full-scale development across 1,200 square miles of western Colorado.
Early results are promising, says Terry O'Connor, a vice president in the oil giant's unconventional resource division. But, he admits, "no one has been able to develop oil shale on a commercially sustainable basis.
Back to Canada: Legendary oilman T Boone Pickens said years ago he doesn't believe that the oil sands are an effective substitute for our fuel needs. Pickens said that huge development costs and a tight labor supply will prevent the Alberta oil sands and other unconventional means of production from covering the shortfall in supply. That said, Pickens holds a big stake in both the Canadian Oil Sands Trust [TSX:COS.UN] and Suncor Energy.
When Pickens was in the Alberta oil sand fields in the 60's somebody said this isn't going to work, it isn't possible. It'll all have to be subsidized to a level, said, before they'd make money you'd have to have $5 oil," Pickens says laughing. "We never thought it would happen."
Two years ago I did a story on shale oil and oil sand but it did not go over well because people felt it would never happen. Knowing all the research and development that has been put into these alternatives!
Knowing that T Boone Pickens had invested multiple millions in this! Knowing that between us and Canada we have the more reserves than the entire world combined!
Knowing that he said refining it would not be profitable until fuel hit $5 per gallon, you have to believe that $5 gas will be here before you know it, Canada, Wyoming, Utah, Colorado be damned, they are going to destroy what they have to in order to keep the oil flowing any way they can. Good luck James Cameron! Shale oil and oil sand