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View Diary: Open thread for night owls: Exxon's tar sands name game (85 comments)

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  •  Only about 10% of that, 20% at most (1+ / 0-)
    Recommended by:
    JeffW

    is recoverable.

    •  Based on economic modelling (1+ / 0-)
      Recommended by:
      JeffW

      using 'current prices'

      If You go back to when the price per barrel was $30 - none of it was 'recoverable' - despite them knowing that it was there and recoverable if the price increased to the point of profitability

      the pipeline has been in the works for decades, and it has been shelved and put back 'on track' entirely due to economics of the oil market

      "I want to keep them alive long enough that I can win them to Christ," - Rick Warren, Professional Greed Driven Scumbag

      by josephk on Wed Apr 03, 2013 at 07:44:51 AM PDT

      [ Parent ]

      •  Those figures are based on technology (2+ / 0-)
        Recommended by:
        josephk, JeffW

        not costs.

        So yeah, in theory, new technologies could be developed.  If the price of crude oil were $500 /bbl or something like that.

        But seriously, if alternate energy has not become WAY cheaper in the 20 or 30 years before that happens the planet is totally fucked well beyond anything the tar sands may or may not contribute.

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