Sentences with phrase «cost of the oil sands»

You're right, of course, that the decision - makers already know about the environmental cost of the oil sands (hence, the «sacrifice zoning» of past strategies).

Not exact matches

Shell has been selling off billions of dollars worth of projects, including the oil sands, that it believes can't meet its new low - cost bar.

When the oil - demand peak came, Shell believed, petroleum prices might begin a slow slide, dipping too low to cover the costs of oil - sands production.

Suncor Energy Inc., the world's second - largest oil - sands producer, said first - quarter profit fell 23 percent on lower output, higher costs and absence of a gain from insurance settlements a year earlier.

First, I want to look at how the changes not just in oil prices, but also changes in diluent costs, discounts for oil sands crude relative to light crude and, in particular, the fall of the Canadian dollar have changed the outlook for new oil sands projects — for those under construction, and for those currently operating.

With cash operating costs of $ 34.45 per barrel for its oil sands operations, Suncor has retained a healthy cash margin through the downturn.

The extraordinary cost reductions achieved by North American oil and gas companies have likely reached their limit, and any boost in profitability for much of the U.S. shale and Canadian oil sands industries will have to come from higher oil prices, according to a new report from Moody's Investors Service.

As I wrote in my blog over a year ago, («Oil Price Spread Costing Canadian producers big bucks,» November 10, 2011), oil sands producers have been continually getting short - changed for their oil by refineries in Cushing, Oklahoma, where most of the product from the oil sands floOil Price Spread Costing Canadian producers big bucks,» November 10, 2011), oil sands producers have been continually getting short - changed for their oil by refineries in Cushing, Oklahoma, where most of the product from the oil sands flooil sands producers have been continually getting short - changed for their oil by refineries in Cushing, Oklahoma, where most of the product from the oil sands flooil by refineries in Cushing, Oklahoma, where most of the product from the oil sands flooil sands flows.

However, it's certainly incorrect to assume that the existence of single pipeline impacts all oil sands supply costs, or that not allowing it would render that oil supply unavailable at any price.

From there, you've still got to break down your oil sands supply curve, which means looking at all the potential production, and the costs of getting those barrels to market.

A Pembina Institute study from 2009 estimated the costs to reclaim what was then 686 square miles of oil sands developments and 170 square miles of tailings ponds would run as high as $ 15 billion.

Growing concern about climate change and the election of Barack Obama mean that the enormous carbon footprint of the oil sands may eventually become a cost to producers.

If I take Keystone XL out of the mix, in my toy model, I haven't impacted the cost of the marginal barrel of oil sands because I haven't changed the cost of a barrel shipped by rail, I've simply reduced the profit on the barrels which would be shipped via KXL by forcing them to be shipped to market in a more expensive way.

What is the cost of chasing exponential production growth from the oil sands?

Now they want to relive the glory days by increasing the amount of oil flowing from the tar sands at any cost.

The cost of reclaiming over 300,000 oil and gas wells in Alberta likely exceeds $ 70 billion, and the cost of cleaning up the toxic tailings ponds and other damage at the oil sands could reach similar levels.

This suggests that access to capital and the cost of borrowing may become increasingly challenging for oil sands companies.

The costs to develop the oil sands, a type of unconventional petroleum deposit, are much higher that developing conventional oil deposits.

The report claims the emissions cap included in Alberta government's climate change plan will cost Canada's oil sands industry $ 250 billion and is the latest in a concerted effort by conservative opponents of the NDP to undermine its flagship policy.

In a world of falling prices, however, it will be high cost production from shale formations and the oil sands, not the low cost conventional crude from places such as Saudi Arabia and Iran that will be hit the hardest.

Forget the fixed costs of development; just the operating costs of keeping a project online are significantly higher than the revenue that an oil sands producer would earn from selling their bitumen.

Canada currently produces about four million barrels of oil a day but 61 percent of that volume comes from high cost and carbon intensive mining in the tar sands.

There is considerable variation in both the quality of and the ease with which a resource deposit can be extracted, so the most profitable strategy is to start with the high - quality, low - cost plays and, when these are exhausted, move on to deposits that are of lower quality and are more costly (think conventional oil fields vs. the oil sands).

«Other options like rail or truck are not feasible for the transportation of large quantities,» said Elizabeth Shope, anti — tar sands advocate with environmental group the Natural Resources Defense Council, in a conference call with reporters, noting that such alternative transportation more than triples the cost of moving tar sands oil.

Tar Sands Environmental Destruction Not Worth It At the risk of sounding flippant, sounds like too little too late: I'll stand by the WWF's assessment that the economic and environmental costs of continuing to develop tar sands and oil shales — in energy speak «unconventional fuels» — are simply unthinkable.

In a smart recap of the controversy over tar sands oil, Maddow uses the Mayflower oil spill as a lead - in to a discussion on the tar sands oil spill on the Kalamazoo River oil spill, which has become the most expensive oil spill in US history with cleanup costs surpassing $ 765 million dollars.

Rubin tells us the heavy oil from the Tar Sands (or «oil sands» as the industry tries to say) costs more to refine, and gets less on the market — perhaps forty something a barrel, versus the 50 or 60 dollars a barrel we hear quoted as «the price of oil».

«The goal of Sapphire is to produce a crude product that can be introduced into the existing crude stream for production costs that are similar to other new opportunities like oil shales, oil sands, and even deep, deep water drilling,» Jason Pyle, Sapphire's chief executive said in an interview.

This was primarily due to the low cost of decarbonizing coal - based electricity in the U.S. versus Canada's largely decarbonized electricity system and high costs of reducing emissions in the oil sands.

At current levels, oil sands producers are collecting a price «in the teens» for the bitumen portion of WCS, an amount that is below some companies» stated costs, according to Tom Kloza, global head of energy analysis for the Oil Price Information Servioil sands producers are collecting a price «in the teens» for the bitumen portion of WCS, an amount that is below some companies» stated costs, according to Tom Kloza, global head of energy analysis for the Oil Price Information ServiOil Price Information Service.

An Oil Bonanza, With a Cost Alberta's oil sands, also known as tar sands, are one of the world's largest petroleum reservoiOil Bonanza, With a Cost Alberta's oil sands, also known as tar sands, are one of the world's largest petroleum reservoioil sands, also known as tar sands, are one of the world's largest petroleum reservoirs.

That's because although a high oil price of $ 50 - $ 70 is necessary to justify investing billions into a new oil sands project, the variable costs of getting a barrel of oil from existing operations are much lower (as low as $ 10 for steamed oil and low $ 20s for mined oil).

The FSEIS stated that KXL «is unlikely to significantly affect the rate of extraction in oil sands areas (based on expected oil prices, oil - sands supply costs and supply - demand scenarios».

This revealed approval of the controversial Keystone XL (KXL) pipeline would only have a marginal positive impact of the economics of the Canadian oil - sands industry, but could trigger a rush of investment into additional risky high - cost, high - carbon projects, dependent on rising oil prices.

One of the key findings that emerged from our research was that this transport differential lowers producers» costs sufficiently to stimulate a wave of new oil sands production that would not go ahead if KXL is scrapped.

The Colorado plaintiffs, like the cities and counties suing oil companies in California, accuse Exxon and the Canadian oil sands company Suncor of creating a public nuisance through the burning of fossil fuels that is costing them money and putting their residents and property at risk.

They developed «plans to raise the negatives of the oil - sands industry, boost the costs of producing them [and] stop infrastructure development...»

Yet talk about pace and scale of development in Canada's oil sands is considered unspeakable — a blasphemy — in political and industry circles, even though oil sands projects are widely recognized as the highest - risk, highest - cost projects in the industry, and likely the first to be impacted as the noose of climate policy tightens.

A Bloomberg report reveals that the 1,700 mile tar sands oil pipeline would likely have the effect of raising the cost of gasoline by $ 0.20 a gallon.

TreeHugger has filled a great many virtual pages on the topic of Alberta tar sands, detailing time and time again the high environmental costs of extracting this so - called unconventional source of oil, which the Albertan government has bet

Their report considers the implications for oil - sands producers with costs of $ 65 / barrel and above.

«Shell's deferral of Pierre River, one of the high - cost oil sands projects that we highlighted in our «Carbon supply Cost Curves» analysis last year, is in line with our belief that companies should cancel capex on high - cost projects in favour of a portfolio of low - breakeven investments in order to protect shareholder value,» said Andrew Grant financial analyst at the Carbon Tracker Initiatcost oil sands projects that we highlighted in our «Carbon supply Cost Curves» analysis last year, is in line with our belief that companies should cancel capex on high - cost projects in favour of a portfolio of low - breakeven investments in order to protect shareholder value,» said Andrew Grant financial analyst at the Carbon Tracker InitiatCost Curves» analysis last year, is in line with our belief that companies should cancel capex on high - cost projects in favour of a portfolio of low - breakeven investments in order to protect shareholder value,» said Andrew Grant financial analyst at the Carbon Tracker Initiatcost projects in favour of a portfolio of low - breakeven investments in order to protect shareholder value,» said Andrew Grant financial analyst at the Carbon Tracker Initiative.

The increased capacity and revenues the pipeline will bring will encourage equity analysts and credit rating agencies to mark up oil - sands producers, reducing their cost of capital and therefore encouraging further expansion.

I think the approach of focusing on oil sands because they are a relatively new and growing industry misses the point of full - cost accounting — we should be looking to maximize the net benefits we derive from our resources, and this should apply to everything we do.