Quote:
Originally Posted by SebC
Short answer: yes, it's a terrible idea.
We don't want to be refining because extraction is more lucrative. Value-added makes less and less sense the more it becomes apparent that the limiting factor in how much wealth we can generate from the oil sands is not how much oil is in the ground, but rather how quickly we can get it out before the world decarbonizes.
|
The world may stop using oil for fuel but the demand and price won't drop, it is still the basic ingredient of plastic, lubricant etc