The company that has been producing oil from the tar sands the longest is known as Suncor. (Suncor used to be a part of Sun Oil, now Sunoco, but today it is owned and operated independently.) One day this summer, I went to take a tour of its operations, which sprawl across several hundred square miles.
Nevertheless, even this writer (in his younger days) would expose himself to sun with baby oil at the same time he was studying for college-level toxicology classes.
These algae produce more oil than they would in the sun, the company claims.
While he was going deeper into the oil business, Holding was not neglecting Sun Valley.
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Green aficionados are familiar with the statistic that the sun bathes the Earth in trillions of barrels of energy (in oil equivalent terms), and less familiar with the fact that total known hydrocarbon resources are also countable in the trillions of barrels (from the oil-sands and ultra-deep-water sub-salt fields, to methane hydrates and coal, not to mention shale gas).
All organic crop rotations contain three to four years of no ploughing because grass leys use the sun's energy to fix nitrogen for subsequent crops in place of oil-based artificial fertiliser.
Here, under the date palms, where the sun shines more than 300 days a year and the scent of coconut oil drifts from the beach, joggers, cyclists, dog walkers and rollerbladers pass by in a constant parade that ends only after nightfall.
Wang Kunxiao, president of Yantai Jereh Oilfield Services Group (Jereh), has become a new billionaire as shares of the Chinese oil and gas service provider he co-founded with fellow billionaire Sun Weijie surged more than 60% this year amid an shale gas equipment boom in China.
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Other competitors in the energy sector include: Marathon Oil (MRO), Western Refining (WNR), and Sunoco (SUN).
Of course, with skyrocketing oil prices, alternative energies, becoming more attractive, will also see their day in the sun.
The sun is replaced by sugar, essentially, which is fed to the algae, which then produces different types of oil that can be processed into a variety of fuels, suitable for cars and planes.
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