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Article says 912 million barrels produced since 1999 with cost of extraction $40 per barrel for 36 billion spent on equipment, wages, etc. the average cost of
by snowwindwaves 8y ago
Article says 912 million barrels produced since 1999 with cost of extraction $40 per barrel for 36 billion spent on equipment, wages, etc. the average cost of oil since 2000 is $65 per barrel so 912 million barrels grossed 58 billion.
It isn't clear who invested 200 billion and why they continued to invest since they have a loss of 178 billion having only netted 22 billion.
- mmt 8y ago> Article says 912 million barrels produced since 1999 Actually, it says: > In 2017, the Alberta oil sands produced roughly 912m barrels. The article doesn't actually tell us the whole history, it just cherry-picks one year. There's other suspicious playing with numbers going on: > About 60% was turned into gasoline and diesel, enough to fuel 73m vehicles So.. if 100% had been turned into fuel for those vehicles, that would translate to.. 122m vehicles, weirdly identical to their number for electric vehicles. Then they're comparing a 12L/100km (19.6mpg) ICE vehicle against a Chevy Bolt in the pricing section? Not much to see here, sadly.