<New Urbanism and the rebuilding of Mississippi The Oil Drum DrumBeat: May 24, 2006>

55 comments on Can we decide weather to be hopeful?

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ozonehole on May 24, 2006 - 3:22am Permalink | Subthread | Parent | Comments top
Shale oil is still not happening, and could be just another white elephant.

One (related) question I've been wanting to ask some of resident oil experts here on TOD is about Venezuela's heavy oil in the Orinoco basin. We hear so much about Canada's Athabasca tar sands, but almost nothing on Venezuela. Is Venezuela having any success at all extracting and refining this heavy/sour oil? And what are they using as a heat source to process it (natural gas, as in Canada?). In theory, they have lots of oil, but what chance is there that they are going to be able to produce any significant amount?

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ozonehole on May 24, 2006 - 3:24am Permalink | Subthread | Parent | Comments top
Whoops, I also forgot to ask what kind of EROEI is Venezuela getting from their heavy oil. Better/worse than Canada's?
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Oil CEO on May 25, 2006 - 12:50am Permalink | Subthread | Parent | Comments top
Rob McLeod's website has some interesting data on the two.

http://entropyproduction.blogspot.com/

It is a couple of posts down.

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jkissing on May 24, 2006 - 10:48am Permalink | Subthread | Parent | Comments top
Several years ago venezuela lured some big oil companies into the orinocco belt with deals sufficiently attractive to bring their money (it took billions to begin tapping this resource) and expertise, resluting in significant production, maybe 1mm/d?, helping to offset declines in their other fields. However, they are now slapping on new taxes and nationalizing at least parts of all fields, so its not clear that big oil will continue their investments.
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55 comments on Can we decide weather to be hopeful?

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