Unconventional oil is petroleum produced or extracted using techniques other than the conventional method.
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13 Facts About Unconventional oil
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2.
Conventional Unconventional oil is a category that includes crude Unconventional oil - and natural gas and its condensates.
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3.
In general conventional oil is easier and cheaper to produce than unconventional oil.
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4.
The Venezuelan extra heavy oil deposits differ from the Canadian bituminous sands in that they flow more readily at Venezuela's higher reservoir temperatures and could be produced by conventional techniques, but the recovery rates would be less than the unconventional Canadian techniques.
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5.
Between 2003 and 2008, world Unconventional oil prices rose to over $140, and costs to extract the Unconventional oil fell to less than $15 per barrel at the Suncor and Syncrude mines.
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6.
Economic production from tight Unconventional oil formations requires the same hydraulic fracturing and often uses the same horizontal well technology used in the production of shale gas.
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7.
The ratio of shale gas to shale Unconventional oil depends on the retorting temperature and as a rule increases with the rise of temperature.
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8.
Four primary conversion technologies used for the production of unconventional oil and refined products from coal and gas are the indirect conversion processes of the Fischer–Tropsch process and the Mobil Process, and the direct conversion processes of the Bergius process and the Karrick process.
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9.
Environmental impacts of Unconventional oil shale differ depending on the type of extraction; however, there are some common trends.
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10.
Conversion of coal or natural gas into Unconventional oil generates large amounts of carbon dioxide in addition to all the impacts of gaining these resources to begin with.
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11.
Carbon dioxide is a greenhouse gas, so the increased carbon dioxide produced from both the more involved extraction process with unconventional oil, as well as burning the oil itself, has led to deep concerns about unconventional oil worsening the impacts of climate change.
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12.
Sources of unconventional oil will be increasingly relied upon when conventional oil becomes more expensive due to depletion.
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13.
Conventional oil sources are currently preferred because they are less expensive than unconventional sources.
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