The Oil Sands and Orimulsion Report is the successor to the Fourth Fossil Fuel Report. It looks at Non-Conventional Oil, the Canadian Oil or Tar Sands, Venezuelan bitumen, Orimulson - the 4th Fossil Fuel. Debate about the extent of the world's remaining oil reserves and their rate of depletion is ongoing, following a spate of shock devaluations of reserves by many oil majors. The Oil Sands and Orimulsion Report, examines the current debate about the definition and measurement of fossil fuel reserves and depletion.
There is increasing pressure to include non-conventional oil in reserves, by far the largest being the Canadian oil or tar sands, and Venezuelan bitumen. For a long time however they were recognised but were largely ignored. The technology needed to extract them was a late development and the cost of cleaning them environmentally was prohibitive. This has changed – immense strides have been taken to resolve these problems. Historical definitions are examined and explained.
The Fourth Fossil Fuel is a resource for the future and anyone who is concerned with energy markets should read the Oil Sands and Orimulsion Report and be aware of its potential and likely development.
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