Post by
justmymoney on Mar 23, 2023 12:58pm
Not good
companies injecting water like ATH could be in a corner unless the government says np to the earthquake or they issue a sieze order to stop production till they resolve it but it certainly shines a light on ATH in a bad way. I'm thinking twice about holding ATH just because of this for now because I dont want my money froozen is ATH has to stop trading.
Comment by
MisterK25 on Mar 23, 2023 1:19pm
Perhaps ATH will adopt clean tech such as RF/XL from Acceleware ( AXE ) , which uses RF energy to heat existing ground water in the oil formation to create steam. No external water is required. I own both ATH and AXE, and think they are a perfect fit.
Comment by
stock_for_gold on Mar 23, 2023 1:29pm
It's not just the oil sands but fracking in general. There's been numerous studies done in Colorado on earthquake vs oil fracking. This is not a new problem.
Comment by
stock_for_gold on Mar 23, 2023 1:33pm
https://www.denverpost.com/2017/10/25/wastewater-injection-wells-earthquakes-colorado-new-mexico/amp/
Comment by
Jimmy1page on Mar 23, 2023 3:12pm
There is no actual proof that fracking causes earthquakes. Most of the studies are completely left wing oil haters. Most of what we do in Alberta is "sag D. We steam it. As for water, I haul chemicals. Mostly caustic soda. Lol. Syncrude puts about 8 tankers a day into the ground
Comment by
stock_for_gold on Mar 23, 2023 4:57pm
I've worked in th oil industry since 1978 and there have been numerous studies showing the effect of fracking it's not new https://uwaterloo.ca/news/media/new-map-shows-where-fracking-induced-earthquakes-could-hit
Comment by
Jimmy1page on Mar 24, 2023 1:09pm
Lost me at "university of Waterloo. You've never worked in the industry. That's just a fact