ACCOUNTING TREATMENT FOR INVESTMENT

subota, 05.11.2011.

OIL SANDS INVESTMENTS - SANDS INVESTMENTS


Oil sands investments - Market investment tools.



Oil Sands Investments





oil sands investments














The wheel of oil sands




The wheel of oil sands





This is a retired tire used on oil sands heavy haulers at Fort McMurray: 4-meter high, 15,000 kg in weight. A new one costs as much as a SUV and lasts merely 12 to 15 months.

Alberta's oil sands contain the biggest known reserve of oil in the world. An estimated 1.7 to 2.5 trillion barrels of oil are trapped in a complex mixture of sand, water and clay. With oil prices reaching US$80 per barrel, oil sands have brought much prosperity and growing pain to the province. The average price of a 3-bedroom house in Fort McMurray is around $600,000. Due to severe labour shortage, the oil companies have to not only attract labour from other provinces but also hire foreign workers from as far as Asia. The Starbucks coffee shops in Fort McMurray often have a long lineup of 40-50 people.











Oil Sands Earth Mover




Oil Sands Earth Mover





Bucketwheel No.4.
Retired in 1999 and was used to reclaim windrows of oil sand.
24 buckets @ 1.38 cubic meters each.
Discharged 54 buckets per minute or 7,263 cubic meters per hour.
Replacement value $34 million.










oil sands investments







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05.11.2011. u 13:02 • 0 KomentaraPrint#

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ACCOUNTING TREATMENT FOR INVESTMENT

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