Thats just silly - the US has lots of interest in Canadian tar sands - Dick Cheney has visited them several times within the past year...
As for how much oil is extractable from them, thats the subject of a lot of debate - the process involves a lot of natural gas and north american natural gas production is in decline. There are some plans to start building nuclear power plants in Alberta just to run the extraction process...
Even the most optimistic projections of Canadian government don't show more than 3 million barrels per day being produced from tar sands by 2025 - current consumption is over 80 million barrels - even a small depletion rate for regular oil will result in a massive deficit in 20 years time (part of which will be made up for by coal to liquids plants).
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Thats just silly - the US has lots of interest in Canadian tar sands - Dick Cheney has visited them several times within the past year...
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As for how much oil is extractable from them, thats the subject of a lot of debate - the process involves a lot of natural gas and north american natural gas production is in decline. There are some plans to start building nuclear power plants in Alberta just to run the extraction process...
Even the most optimistic projections of Canadian government don't show more than 3 million barrels per day being produced from tar sands by 2025 - current consumption is over 80 million barrels - even a small depletion rate for regular oil will result in a massive deficit in 20 years time (part of which will be made up for by coal to liquids plants).
http://dailyreckoning.com/Featured/King021406.htm
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