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- US Oil Sands Idle factory site at PR Springs.
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- US Oil Sands bankrupt tar mine lies behind a protective fence.
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- view of the idle mine at US oil sands project.
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- Signs and fence at idle strip mine.
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- View from Seep Ridge Road
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- 2020 Resources is the new name for US Oil sands after US Oil Sands went bankrupt.
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- View of mine processing are from Seep Ridge Road
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- Mine equipment at PR Springs remains idle. US Oil Sands goes bankrupt.
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- This idle mine has never operated commercially this equipment has been used for a few hours if at all.
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- Pile of “tar” has been sitting untouched for 2 years.
News of the impending implosion of US Oil Sands. Creditors get stiffed as US Oil Sands declares bankruptcy.
http://in.reuters.com/article/brief-us-oil-sands-inc-announces-financi-idINASA09TPS
The 100 million dollar project is a big flop. This fact was actually quite clear for a very long time. Big money players have exploited the land and colluded with the politicians to create a cash cow for some, roller-coaster for others and big loss for the public. Not to mention nothing but a waste site of 99 acres that isn’t even as clean as beach sand as was promised, for the SITLA Trust fund beneficiaries.
When US Oil Sands goes bankrupt it harms the local communities and regular people who do business with them. Bankruptcy allows US oil Sands to be excused from paying most of it’s debts. SITLA has renewed US Oil Sands leases at PR Springs.