Quote:
Originally Posted by Bill Bumface
Yup, and that correlates directly the the energy intensity of marginal barrels today vs. then.
For every marginal barrel today, we are using significantly more energy to acquire it, thus making the net energy provided to the world of a produced barrel of oil lower than it was in that era.
Oil is effectively becoming less energy dense.
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While this is somewhat true, I think the much larger impact in Alberta in particular is increased taxes, fees, royalties, regulatory requirements, egress costs, etc. It all adds up.