Ernie Montague

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  • Oil Sands: Will the 'Greens' Cause Us to Miss Out?
    There are some serious green questions about oil sands. Production is incredibly dirty. NO doubt production will increase. But let's not just write off the hundreds of millions of barrells of toxic unclaimable water and hundreds of millions of tons of dirty sand as meaningless.
    Jul 21 11:08 am |Rating: 0 0 |Link to Comment |View article
  • The Long Case for Canadian Oil Sands Trust
    oilsand production at Syncrude and the "lake"

    en.wikipedia.org/wiki/...
    Jul 12 11:06 am |Rating: 0 0 |Link to Comment |View article
  • The Long Case for Canadian Oil Sands Trust
    The "reclamation"... looks like a sand pile planted with vegetation. It looks NOTHING like the wild land that was there before. And has no ecology that resembles what was there before.

    The Athabasca is not an endless water supply. It has dwindled enormously in the last thirty years due to less rain and snow. Add on the oil industry production and the picture gets far worse.

    The Department of Fisheries and Oceans says the issue is real and huge.

    A report says:

    Summer flows and winter low flows in the Athabasca have declined by nearly 30% since 1970 and could fall by more than 60% by 2050 if the trend continues, he says.

    If oil sands production triples to 3 million bbl/day by 2015, as predicted, industry would require 15 cubic meters of water per second, more than allowed by the critical red-zone threshold, the report says.

    In other words, the production will diminish the river to levels where it kills the fish population and denies people who depend on the river WATER.

    Interesting User 44226 does not mention the enormous amounts of waste water left over that are stored in perpetuity. Kinda like storing the water you use to wash your dishes. FOREVER.
    Jul 12 11:01 am |Rating: 0 0 |Link to Comment |View article
  • The Long Case for Canadian Oil Sands Trust
    As always the potential of Canadian OIl Sands ( there are many plays here) is ameliorated by the huge environmental problems. We are not talking "strip mine", we are talking hundreds of square miles eventually stripped bare and dug out, and then filled back up with the processed sand. In order to do this, huge huge huge quantities of water and natural gas are needed. Probably ALL of Canada's NG output will be used in the future, if not today. The sticking point is that the Athabasca river is already drawn on to beyond capacity and the tailing ponds (waste water dumps) are already huge. The largest earthen dam in the world holds a Canadian oil sand tailing pond. It is 13 miles long, and the heavy metals are bleeding into the water shed and creating a cancer pool in a nearby community. No doubt the OIl Sands will continue to be heavily developed. Whether Canadians have the stomach and water to replace Saudi Arabia is questionable. Oil sands require huge amounts of energy and water.
    Jul 11 10:44 am |Rating: 0 0 |Link to Comment |View article
  • Sources of Hidden Value in Canadian Oil Sands Equities
    The one thing the author has not touched on ( I also own Oil Sands stock) is the looming environmental problems that come with oilsand production, the lack of water to deal with large scale production, and the spectacularly massive amounts of tailings (polluted water) left behind.
    Oct 09 10:53 am |Rating: 0 0 |Link to Comment |View article
  • Petro-Canada Announces New Oil Sands Breakeven: $50 a Barrel
    As I expected, oilsands are starting to turn into a more expensive proposition than they appeared. The enormous environmental problems have yet to be dealt with. Ever increasing tailing ponds and huge amounts of fresh water needed to process oil sands are not going to make this sythetic crude a cheap product.
    Jul 16 10:06 am |Rating: 0 0 |Link to Comment |View article
  • Oil-Rich Canada Inspires Investor Confidence
    Another plus on the Canadian stocks is the dividends paid in loonies ( Canadian dollars) have appreciated along with the loonie from 10-15 % over the last six months.
    Jul 03 12:33 pm |Rating: 0 0 |Link to Comment |View article

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