Sentences with phrase «barrel than conventional oil»

Furthermore, the Canadian tar sands oil, while certainly «dirtier» to extract than traditional oil sources, releases roughly 15 percent more CO2 per barrel than conventional oil.

Not exact matches

Commercial oil production from the Monterey Formation is not new — more than a billion barrels of oil and four trillion cubic feet of gas have been produced from it since 1977, largely from conventional reservoirs.

Berman, author of This Crazy Time and co-founder of ForestEthics, pointed out that every independent study, including one from the U.S. Department of Energy, has found that the oil sands are one of the world's dirtiest forms of oil, producing three times more greenhouse gas emissions per barrel produced, and 22 per cent more than conventional oil when their full life cycle of emissions, including burning them in a vehicle, is included.

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If the oil industry wants to pipe these dangerous tar sands oils over our water sheds and aquifers, putting our drinking supply and neighborhoods at risk, they should not only be required to pay into the cleanup fund, they should be paying far more than the 8 cents per barrel they pay for conventional oil since these tar sands oils are not just worse for the environment, but potentially pose a greater risk of spills and are even harder to clean up.

Though exact estimates vary, a decent rule of thumb is that due to the high energy intensity of production, one barrel of oil from tar sands has carbon emissions up to eight times higher than one barrel of conventional petroleum.