Originally Posted by Kurts
Exactly the same thoughts I've had, Black!
Electric IS, almost has to be, the way we go in the future. Oil is finite, there's no way around it. With China coming into the fold we are going to be up a creek in another decade or so. 1.4 billion people all want to be just like us, it's not a pretty scenario.
Russia is sitting on billions of barrels, they just have to figure out a way to build an infrastructure that can exploit it. After the Saudi's have sucked their wells dry guess who's going to be the new primary supplier?
I saw a special on I think it was 20/20 about Canadian Oil Sands...very interesting:
The
Athabasca Oil Sands are a large deposit of oil-rich
bitumen, or extremely
heavy crude oil, located in northern
Alberta,
Canada. These
oil sands consist of a mixture of crude bitumen (a semi-solid form of crude oil), silica sand, clay minerals, and water. The Athabasca deposit is the largest of three major oil sands deposits in Alberta, along with the nearby
Peace River and
Cold Lake deposits. Together, these oil sand deposits cover about 141,000 square kilometres (54,000 sq mi) of sparsely populated
boreal forest and
muskeg (peat
bogs) and contain about 1.7 trillion barrels (270×109 m3) of bitumen in-place, comparable in magnitude to the world's proven reserves of conventional
petroleum.
With current technology about 10% of these deposits, or about 170 billion barrels (27×109 m3) are considered to be economically recoverable at current prices, giving Canada
oil reserves second in the world only to
Saudi Arabia. The Athabasca deposit is the only large oil sands
reservoir which is suitable for
surface mining.
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