jjason: If there really is a reason, it might be that the oil sands operation needs lots of hydrocarbon energy.
FP Trading Desk: It sounds like the joint venture will use in situ extraction. I am skeptical about in situ extraction; isn't anyone else? For just one example, what fraction of the oil is recovered? How does that compare with the alternative of surface mining, in which the "dirt" is loaded into a truck and carried to an onsite factory. I have never seen recovery data for either method. An investor should be more than curious.
Integrated Oil Spin-Off Propels EnCana's Growth [View article]
FP Trading Desk: It sounds like the joint venture will use in situ extraction. I am skeptical about in situ extraction; isn't anyone else? For just one example, what fraction of the oil is recovered? How does that compare with the alternative of surface mining, in which the "dirt" is loaded into a truck and carried to an onsite factory. I have never seen recovery data for either method. An investor should be more than curious.