How Much Time Will the Tar Sands Buy Us?
Thursday, January 3rd, 2002Point: There is an estimated 7 Saudi Arabias in the Canadian tar sands at present grades. The cost to obtain this oil is currently $11-12 per barrel. Suncor and Syncrude will invest approximately $6 billion in these tar sands over the next few years. The amount that is currently known should last us for the next 125 years. … Counterpoint: To replace conventional crude — 70 million barrels a day — would require about 350 new plants. If each of the 350 plants were the size of the present plant, they would require a waste pond of 8,750 sq. km. Or about the half the size of Lake Ontario. But even at 100% efficiency, 300 billion barrels of oil sands would only last 12 years at 70 million barrels a day. (01/03/02)
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