Ah..
The Tar Sands of Alberta.

But do you know that it costs the energy equivalent of three barrels of oil to get one out?

Extracting oil from tar sands is massively energy intensive. You have to heat and melt the shit to get anywhere near it.

Peak Oil is about 2 years away. You're already feeling the first effect. The current oil price is $125 a barrel. It was over $140 a few weeks ago. A year ago it was around $80.

You'll see oil hit $200 a barrel within a year to eighteen months.

When that feeds through to the pumps you're looking at a three-fold price increase.

Then, as people get used to not using their cars so much, it'll fall back a bit. Probably to around $150 or so.


Just watch. And rip the piss out of me if I'm wrong.

Cheers
( Legless Mister Stabby - shanks for the memory, Sat 2 Aug 2008, 15:40, Reply)