Canada — in the broadest collective sense, in whatever way we are all one — is as fully dug in on the production of
oil sands crude as it has been in any of its resource projects.
Not exact matches
The U.S. can produce
as much shale
oil as it wants, but its Gulf Coast refineries are geared toward heavier kinds of
crude that can easily process
oil sand bitumen but aren't geared toward the lighter
crude coming out of, say North Dakota's Bakken play.
Many companies such
as Suncor Energy, ConocoPhillips Canada, Syncrude Canada and Athabasca
Oil have returned to the oil sands and are now beginning to pump crude again, but it will be weeks before they resume full producti
Oil have returned to the
oil sands and are now beginning to pump crude again, but it will be weeks before they resume full producti
oil sands and are now beginning to pump
crude again, but it will be weeks before they resume full production.
In a world of falling prices, however, it will be high cost production from shale formations and the
oil sands, not the low cost conventional
crude from places such
as Saudi Arabia and Iran that will be hit the hardest.
The Canadian province, which holds the world's third - largest
crude reserves, is reviewing renewable - energy policies
as exports from its
oil sands face increasing opposition from environmental groups and lawmakers in the U.S. and Europe.
Last week, Bill McCaffrey, chief executive of
oil sands producer MEG Energy Corp., said his company is considering such exports
as it becomes easier to move Canadian
crude to Houston through expansions of the pipeline network.
We still don't know enough about tar
sand oil, or bitumen, which takes longer to break down due to its high viscosity, but doesn't spread, we also don't know much about the behavior of
oil from a blowout, such
as the Deepwater Horizon BP blowout, and we know little of how
crude oil behaves in the Arctic Ocean, where there is ice, or how to remediate it,» said Michel Boufadel, director of NJIT's Center for Natural Resources Development and Protection and a member of the panel of experts charged with evaluating the impact of spills in Northern waters.
The flurry of climate action comes
as the Senate is debating legislation requiring Obama to approve the Keystone XL pipeline's movement of Canadian
oil sands crude into the United States.
Two tons of
sand must be processed to yield a single barrel of
oil, producing twice
as much greenhouse - gas emissions
as the processing of conventional
crude.
Nathan says high prices have made it increasingly economically viable to extract more unconventional forms of
oil, in particular the asphaltlike tar
sands (also known
as oil sand, or extremely heavy
crude oil) plentiful in northern Alberta, Canada.
CALGARY, Alberta (Reuters)- TransCanada Corp on Thursday said it would move ahead with Canada's largest - ever pipeline, expanding the scale of its $ 12 billion plan to ship
oil sands crude in the West to refiners on its east coast and beyond
as its U.S. - bound Keystone XL line stalls in Washington.
The proposal is the latest in a series of planned pipelines and expansion projects
as a flood of
crude from the
oil sands and the Bakken shale
oil field stretches existing networks.
Albany's importance
as a link in the energy - production chain is poised to grow under Global Partners» effort to win state permission to handle
oil -
sands crude and biofuels for shipping over objections of neighbors and environmental groups.
As prices for
crude oil rise, tar
sands - based
oil production in the US has become more commercially attractive to both the government and industry.
According to a thirty - year - old law in the US, diluted bitumen coming from the Alberta tar
sands is not classified
as oil, meaning pipeline operators planning to transport tar sands crude across the United States are exempt from paying into the federal Oil Spill Liability Trust Fu
oil, meaning pipeline operators planning to transport tar
sands crude across the United States are exempt from paying into the federal
Oil Spill Liability Trust Fu
Oil Spill Liability Trust Fund.
(Reuters)- Exxon Mobil on Sunday continued cleanup of a pipeline spill that spewed thousands of barrels of heavy Canadian
crude in Arkansas
as opponents of
oil sands development latched on to the incident to attack plans to build the Keystone XL line.
Murray Edwards, the billionaire vice-chairman of Canadian Natural Resources Ltd., said that with
oil sands production expected to expand from 1.5 million barrels a day to
as much
as 4 million barrels in the next 25 years, Alberta
oil is much more likely to flow into the U.S. - even if overall U.S.
crude demand continues to stagnate.
But bitumen and diluted bitumen aren't actually a kind of
crude oil (the IRS actually relieves tar
sands streams from some taxes for this very reason), they're a different beast altogether,
as the spill responders at the Kalamazoo River learned the hard way.
It's known
as the Keystone XL and it could pump millions more barrels of heavy
crude from Alberta, Canada's
oil sands mines to refineries along the U.S. Gulf Coast if the federal government greenlights it.
An international team of researchers has shown how anaerobic microbes in
oil deposits around the world — including in unconventional sources such
as the
oil sands — naturally break down
crude oil into methane in the reservoir.
Canadian
crude oil production comprises western Canadian, which includes
crude oil from the
oil sands and conventional resources,
as well
as offshore production from the east coast of Canada.
Canadian
oil sands crudes are on average somewhat more GHG emission - intensive than the
crudes they would displace in U.S. refineries,
as Well - to - Wheel GHG emissions are, on average, 14 % -20 % higher for Canadian
oil sands crude than for the weighted average of transportation fuels sold or distributed in the United States;
The freight rail network in North America is being turned into a conduit for
crude oil from the landlocked Canadian tar -
sands and the Bakken Shale,
as construction timelines and permitting decisions are awaited for new pipelines.
TransCanada's proposed Energy East Pipeline would transport tar
sands crude from Alberta, through Ontario and Quebec, and
as far
as New Brunswick's Irving
Oil Ltd. refinery and port of Saint John.
The base case assigns each
crude (
oil sands and conventional) to the appropriate default refinery category, using API gravity and sulfur content of the whole
crude as the criteria.
Dilbit — the heavy, solvent - laced tar
sands crude that oozed into the Kalamazoo River in 2010 and across Mayflower, Ark., in 2013 doesn't count, technically,
as «
oil.»
«The IRS has classified tar
sands as different from conventional
oil, and thus the tax levied to fill the liability trust fund is not levied on tar
sands crude.
Whether it is tar
sands oil, dilbit or conventional
crude,
oil spills are a mess to clean up and the
oil industry should pay a cleanup fee for a barrel of one type of
oil as it does for another.
Enbridge is expected to benefit
as Keystone continues to languish in bureaucratic limbo awaiting a go - ahead from the Obama administration for its southern leg, which would carry Canadian «
oil sands»
crude to the U.S. Gulf Coast.»
So long
as the conventional
crude oil price stays above 31.5 USD2006 / boe (excluding profits) it is profitable to extract
oil sands.
The EU tried to label tar
sands oil as more carbon - intensive than other
crude sources, and a public message from Archbishop Desmond Tutu and other African leaders accuse Canada of contributing to famine and drought (studies have shown tar
sands are likely to devastate agriculture in Africa).
The NAS study deals a blow to one central safety argument made by opponents of the $ 5.3 billion Keystone XL link — that the heavier chemical components of so - called diluted bitumen make it more dangerous to ship — but made no attempt to address critics» second and more prominent concern, that a leak of
oil sands crude would pose unique challenges during cleanup
as well
as unique risks to marine environments.
It currently takes
as many
as 3.1 barrels of water to produce one barrel of
crude oil from the Alberta tar
sands, according to the paper.
Aboriginal opposition to such proposals
as Enbridge Inc.'s $ 6 - billion Northern Gateway pipeline has been a major stumbling block to the Harper Conservatives» aim of shipping large volumes of
oil sands - derived
crude to the Pacific Coast to be exported to Asia
as a way to increase returns.