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"The largest supply of crude is said to be in the Alberta tar sands, but extraction is expensive and slow. Higher prices for crude are what makes companies willing to spend the extra dollars to reach these supplies. If the price were to fall production would simple slow as oil will keep"

I was told it cost 15.00 US a barrel to extrude the oil out of the tar sand????? Also we now have the largest supply of private stock of gas in the history of this country!!!

you are correct about the tar sands. But the getting it out is not as expensive as it was 10 years ago. The Break even cost on non steam wells is $7/barrel, steamed wells $10/barrel and open pit mined about $12/barrel. There is currently 5 mega plants under construction north of fort macmurry, alberta. Currently Devon oil, CNRL, Mobil, Exxon, Esso and Encana have plants operating in the Bonnyville-Lloydminister area's. Alberta is becoming the largest exporter of oil to the USA. Then it will be us the has the Yanks by the balls, not the Arabs... :lol:

<blockquote data-quote="SMS" data-source="post: 11976" data-attributes="member: 44">&quot;The largest supply of crude is said to be in the Alberta tar sands, but extraction is expensive and slow. Higher prices for crude are what makes companies willing to spend the extra dollars to reach these supplies. If the price were to fall production would simple slow as oil will keep&quot; I was told it cost 15.00 US a barrel to extrude the oil out of the tar sand????? Also we now have the largest supply of private stock of gas in the history of this country!!! you are correct about the tar sands.&nbsp; But the getting it out is not as expensive as it was 10 years ago.&nbsp; The Break even cost on non steam wells is $7/barrel, steamed wells $10/barrel and open pit mined about $12/barrel.&nbsp; There is currently 5 mega plants under construction north of fort macmurry, alberta.&nbsp; Currently Devon oil, CNRL, Mobil, Exxon, Esso and Encana have plants operating in the Bonnyville-Lloydminister area&#039;s.&nbsp; Alberta is becoming the largest exporter of oil to the USA.&nbsp; Then it will be us the has the Yanks by the balls, not the Arabs... :lol:</blockquote>

[QUOTE="SMS, post: 11976, member: 44"] "The largest supply of crude is said to be in the Alberta tar sands, but extraction is expensive and slow. Higher prices for crude are what makes companies willing to spend the extra dollars to reach these supplies. If the price were to fall production would simple slow as oil will keep" I was told it cost 15.00 US a barrel to extrude the oil out of the tar sand????? Also we now have the largest supply of private stock of gas in the history of this country!!! you are correct about the tar sands. But the getting it out is not as expensive as it was 10 years ago. The Break even cost on non steam wells is $7/barrel, steamed wells $10/barrel and open pit mined about $12/barrel. There is currently 5 mega plants under construction north of fort macmurry, alberta. Currently Devon oil, CNRL, Mobil, Exxon, Esso and Encana have plants operating in the Bonnyville-Lloydminister area's. Alberta is becoming the largest exporter of oil to the USA. Then it will be us the has the Yanks by the balls, not the Arabs... :lol: [/QUOTE]

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