Chevron bets big on Canadian oil sands

[lovuian]

http://feeds.bignewsnetwork.com/?sid=5c4297d54d4cea31

Chevron Corp. said Thursday it had bought five heavy oil leases in the Athabasca region of Canada's northern Alberta province.

The leased land covers more than 180,000 acres and contains an estimated 7.5 billion barrels of oil in place.
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Its the only oil left... to be leased

[Solon]

1. And how much Natural Gas will they have to use to extract it again?

I wonder if the choice soon will be whether you want you house warmed in winter, or the ability to drive to work, it seems like that choice will be made for us.

[we can do it]

2. Isn't It Strip Mining the Yukon?

oh well the plants and animals might come back some day....

[IronLionZion]

3. meanwhile they are making off like bandits in dubious tax cuts

for dubious liquid coal fuel that always loses money and is over-compensated by government subsidies. The sheer level of robber-baron corruption is so high, that they can get away with it purely because no one would believe it.

[daleo]

4. Northeastern Alberta will be a moonscape by the time it's all over

These things also require enormous settling ponds full of highly polluted water.

[Teaser]

5. Conversion is inefficient.

It is one part of a solution. It is not a solution.