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  • Fort Hills Project - Another Debacle for Teck Cominco [View article]
    I have two additions on the comments by zrjh26. The first is that windmills produce electricity. To convert the BOPD to electricity (a very useful product for most things except transportation) you need to run the oil through a powerplant which has an overall efficiency of 25 to 30%. This reduces the effective price of the oil equivalent from $475/barrel to perhaps $125-150/barrel.

    The part of the windmill argument that got left out is that substantial investments in transmission lines are needed to get from the windmills to where the energy is consumed. I can't tell whether the $500k/site includes this cost or not, although it sounds like it got included at that kind of figure.

    I also agree with Steve Ward in the comments are more interesting than the article.
    Sep 22 10:37 am |Rating: 0 0 |Link to Comment
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