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From 1990 to 2008, measured per barrel, energy use in mining and refining is to be cut 35percentt and carbon dioxide cut 45percentt, according to a study by Athabasca Oil Sands Developers, the industry-supported group.
And measured per barrel of production, they've been rising at an alarming rate.
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Average Pemex Price Per Barrel 2007 $61.
The use of energy in the form of electricity (measured in "barrels of oil equivalent" per year) has risen 75% in the past 30 years.
In the United States, crude oil is measured in barrels of 42 gallons each; the weight per barrel of API 30° light oil would be about 306 pounds.
NOTE: Oil and gas are measured in "barrels of oil equivalent" (boe) a measure of the energy contained in a barrel (159 litres) of crude oil, and the rate of production is measured in barrels of oil equivalent per day.
The standard measure of cost is per barrel of capacity a day, called the "daily barrel". William L. Randol, an analyst at the First Boston Corporation, said the cost of a new refinery was estimated recently at $8,000 to $12,000 a daily barrel.
With the spill continuing in the Gulf of Mexico, lawmakers have felt free to increase the tax on oil companies; the Senate measure would charge 41 cents per barrel instead of the 8 cents now collected.
PetroChina's enterprise value is only $13 per barrel.
Oil Prices Edge Towards $50-Per-Barrel Mark.
Brent crude, the standard measure for oil prices, continues to fall below $30 per barrel.
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