Imagine a twinned Kinder Morgan pipeline that sends
oil sands crude not to its current Burnaby export terminal but to one in northwestern Washington instead.
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.
While all this sounds reassuring, the State Department also writes elsewhere in the report that «a focused, peer - reviewed study of the potential corrosivity / erosivity of
oil -
sands derived
crude oils relative to other
crude oils has
not yet been conducted.»
First, I want to look at how the changes
not just in
oil prices, but also changes in diluent costs, discounts for
oil sands crude relative to light
crude and, in particular, the fall of the Canadian dollar have changed the outlook for new
oil sands projects — for those under construction, and for those currently operating.
Recovering
crude from the
oil sands is a massively capital - intensive business and there aren't enough deep - pocketed Canadian companies capable of making the necessary investments.
State owned Chinese energy companies are
not pouring billions of dollars into developing Alberta's
oil sands so more synthetic
crude or bitumen can be sent to refineries in Cushing Oklahoma.
Refiners don't particularly want tar
sands oil, which is tougher to make into usable transportation fuel, so it sells for about $ 20 to $ 30 less per barrel than
crude from Texas or the Dakotas.
Canada would
not deliver control of its
oil sands — the world's third - largest proven reserves of
crude — to a foreign government, Harper insisted.
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.
It is time to
not only ban fracking, but halt new investments in fossil fuels and related infrastructure, including pipelines, gas - fired power plants, fracking waste dumps, fossil fuel storage depots in the salt caverns by Seneca Lake, LNG exports at Port Ambrose,
crude oil «bomb trains,» and a tar
sands oil heater at the Port of Albany.
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.
But on the Keystone XL pipeline — which, if
not blocked by President Obama, would carry the
crudest form of
oil from Canadian tar
sand deposits to Gulf Coast fuel refineries — it seems there's little room for varied stances, at least according to some protesters.
The key issue here — far larger than the debate over a 17 % or an 84 % excess emissions per [barrel] of tar
sands oil vs. light sweet
crude — is highlighted by, [but]
not put into full energy and climate context by, the compelling and depressing Charles Homans Foreign Policy article [link].
that aimed to spin away some of the criticism they have been facing in the aftermath of this spill, including claiming that the
oil is conventional crude, not tar sands oil and that they are not benefiting from the Oil Liability Trust Fund loophole that exempts tar sands o
oil is conventional
crude,
not tar
sands oil and that they are not benefiting from the Oil Liability Trust Fund loophole that exempts tar sands o
oil and that they are
not benefiting from the
Oil Liability Trust Fund loophole that exempts tar sands o
Oil Liability Trust Fund loophole that exempts tar
sands oiloil.
Here's the tweet from @exxonmobil sent in response to critics who pointed out that, because of a major loophole that needs to be closed, bitumen is
not considered
crude oil, and therefore tar
sands pipeline operators like Exxon aren't required to pay into the
oil spill cleanup fund.
bitumen is
not considered
crude oil, and therefore tar
sands pipeline operators like Exxon aren't required to pay into the
oil spill cleanup fund
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.
Although he did
not name China, Mr. Gerrard was clearly referring to warnings that, in the absence of the Keystone XL pipeline, Canada will build alternative export routes to the West Coast to ship
oil sands crude to the booming Chinese market.
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.
The proposed Keystone XL pipeline, which promises to deliver 700,000 barrels of Canadian
crude to U.S. markets a day, isn't based in Saskatchewan (though economic spin - offs from the
oil sands bring jobs and help fund social services across the entire country).
Perhaps
not so ironically, the House vote on Terry's bill happened on the one - year anniversary of the Kalamazoo River in Michigan being fouled with 800,000 - plus gallons of heavy
crude from
oil sands.
Transporting toxic
crude oil — and tar
sands in particular — is inherently dangerous, more so because
oil companies care about profit,
not public safety.
Michael Levi, author of a Council on Foreign Relations study of the Canadian
oil sands, told the Washington Post that, with the decision, «the Obama administration made clear that it's
not going to go about its climate policy in a
crude, blunt way».
Both were shocked during yesterday's testimony by TransCanada (the company who wants to build the Keystone XL tar
sands oil pipeline across the US) officials who said, «Diluted bitumen [tar
sands oil] is
not any more corrosive than conventional
crude.
This tar
sands crude is
not just regular
oil.
Despite the rapid growth of the
oil sands industry, and plans to build or expand more than 10,000 miles of pipelines in the next few years, federal pipeline regulations don't distinguish between dilbit and conventional
crude oil.
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.
«Don't pick winners and losers among all the heavy
oil being produced in the world: Mexico, Nigeria, Venezuela,
not to mention California heavy
crude that has a higher greenhouse - gas footprint than our tar
sands oil.»
That doesn't make
oil sands unimportant for the climate — and their importance will grow over time — but it does suggest that avoiding
oil -
sands crude isn't among our most useful strategies for keeping emissions low.
If coal power suddenly disappeared, it would revolutionize the climate picture, but if the
oil sands vanished, we'd replace much of their
crude with
oil from somewhere else, and our global climate challenge would remain largely, though
not entirely, unchanged.