erniem

Canadian Oil Sands: Gates and Buffett Visit

John Gordon's point is correct. I wonder why these article never mention the startling and immense environmental degradation that comes with oilsands crude production. Currently Ghawar in SA is pumped with about 6 million barrels of water to produce 4-5 million barrels of oil. That is NOTHING next to Oilsand production, which needs 2-5 barrels of water to produce one barrel of oil, and ALSO needs one barrel of energy to produce 2-4 barrels of oil. The waste water is worthless, unreclaimable, and is left in huge ponds, one of which is behind the largest earth dam in the world, thirteen miles long.

Buffett, Gates Help Bid Up Canadian Natural Resources

One might also consider that Buffet and Gates are relatively green, and their visit might just affirm that the environmental degradation from oilsands crude production is not worth the cost.