Quote:
Originally Posted by Bill Bumface
If the world was one big country, and you needed X barrels of oil. How many would you take from Alberta?
I bet none would come from the oil sands. You are fighting geology/physics to extract efficiently.
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I’d disagree,
If you look at something like Meg Energy Christina lake it’s Opex is about 0 after you add power sales.
That’s got to be competitive on a world scale. Also if you made all steam generated at SAGD facilities required to be natural gas Co-generation you get 90% efficiency instead of 83% with straight power generation. In a centrally planned world that still uses nat gas SAGD becomes a waste energy stream.
Also in this centrally planned world American Jurisdictions would be subject to stricter environmental regulations driving their costs significantly up. Water treatment and re-use of frac water would affect their economics significantly or Alberta requirements would drop.
Now I am unsure the affect of 3rd world regimes being investor friendly would have though environmental and worker regulations would also drive their costs up.