Alberta moves to keep bitumen upgrading at home

Business | 207153 hits | Feb 16 2:49 pm | Posted by: DrCaleb

The Alberta government on Wednesday pledged to funnel a slice of its take of bitumen to a proposed refinery northeast of Edmonton. North West Upgrading, a company which has been trying to build an independent merchant upgrader, will receive 37,500 barr

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by DrCaleb
Wed Feb 16, 2011 10:56 pm
Enhance Energy and the province have agreed to terms regarding the proposed Alberta Carbon Trunk Line, the government said in a release.

?This new refinery and CO2 pipeline will significantly advance Alberta?s capacity for refining bitumen into value-added products and increase recoveries from Alberta?s conventional oil reserves,? Mr. Stelmach said in a statement. ?These projects underline Alberta?s commitment to responsible, cleaner energy production.?

One day I hope people will recognize that.
by Thanos
Thu Feb 17, 2011 3:32 am
I'm hoping like crazy to get in on this project. For one renting a place out or finding a half-decent motel in/near Edmonchuk probably will only cost about half as much as they do up in Ft.McMeth. Two, it's only about a three-hour ride back south to home and civilization. Three, this one could be a long-term ka-ching, ka-ching for me where I won't have to switch jobs again for about three to four years. I could literally end up shaving off about ten years of house payments if I played my cards right on this sucker, and then start thinking about retiring before I hit the big six-oh, as well as plunk away a pile of money for my sister's kids and for some good charities that I really like.

Virtual crotch-chops deliberately aimed at all the environmentalists out there. Me-me-me-me-me! Hey, that actually felt kind of cool. Maybe the Randians really are on to something here.

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