The 1st IASTED International Conference on Economics of Unconventional Oils (ECON 2011)

Venue: Calgary

Location: Calgary, Canada

Event Date/Time: Jul 04, 2011 End Date/Time: Jul 06, 2011
Paper Submission Date: Feb 01, 2011
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The 1st IASTED International Conference on Economics of Unconventional Oils (ECON 2011) will be a major forum for international researchers and practitioners interested in all areas of unconventional oils, including oil and tar sands, oil shales, heavy oils, and other hydrocarbons that do not flow. It will be an opportunity to present and observe the latest research, results, and ideas in these areas. Recovering oil from tar sands is more expensive than drilling wells into existing liquid oil fields. When oil was cheap and supply outstripped demand, oil companies experimented on the tar sands in Canada and Venezuela. However, the Middle East oil embargo in the 1970s changed the equation. Oil prices rose, and recovering oil from the tar sands became a potentially profitable venture: a comfortable profit margin exists for oil sands recovery projects when oil prices exceed $24 per barrel. Though experts do not believe that unconventional oil-producing regions will displace the Middle East as the lowest cost or highest volume suppliers of oil to world markets anytime soon, calculating the cost of extraction, remediation, and the value of risk taken by companies involved in unconventional oil remains a flexible formula that has always been considered problematical and open to debate.

The topics of interest to be covered by ECON 2011 include, but are not limited to:
* Economic value of unconventional oil
* Employment and labour income
* Financing
* Forecasting
* Government revenues through royalties
* Historical analysis and future projections
* Implementing controls
* Project management
* Putting water in the cost equation
* Quality control
* Real timelines and real costs
* Supply chain management
* The value of risk
* Vulnerability and threat assessment