The reason greater depths are not needed is because geothermal in the context
of oil sands production isn't necessarily for power generation, which requires high temperatures.
The forecast
sees oil sands production rising from 1.5 million barrels per day (actual) in 2010 up to 3.7 million barrels per day in 2025.
Scientists investigating sources of the compound have now identified off - road diesel vehicles
in oil sands production in Alberta, Canada, as a major contributor to regional levels of the pollutant.
With
Canadian oil sands production projected to more than double over the next two decades, U.S. companies like Caterpillar likely will see continued demand of heavy equipment.
That type of decrease in expected profit certainly matters, but it's not likely to reduce
oil sands production by 1.1 million barrels per day.
With
oil sands production on the rise, it's important to get a better understanding of how that oil can affect the environment when something goes wrong, said Orihel.
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.
I think it's likely that someone based that number on the forecasts for
future oil sands production where, by 2020, oil sands emissions are expected to be a little larger (101 Mt vs. 90Mt) than those from personal transportation.
Marc's conservative estimate is that
new oil sands production associated with the Trans Mountain Pipeline expansion (just the expansion beyond the existing pipeline) would represent an additional 93 megatonnes of global GHG emissions per year.
So, consider a simple example where I have two oil sands routes — pipeline to the Gulf or rail to the Gulf — at costs of $ 7.50 per barrel and $ 15 per barrel respectively, and also different types of
oil sands production at increasing costs per barrel.
Although he did not provide any specific emissions forecast for oil sands, Mr. Davies said the industry
expected oil sands production to only roughly double by 2020.
Meaning, if it is built, it is because the interests behind it likely do not believe the promise of the Notley government in Alberta that
oil sands production emissions will stop at 100 megatonnes of GHGs.
In assessing their results, they observed that the most substantial efficiency gains in
oil sands production over the last 40 years have occurred in separation and upgrading.
Cenovus»
total oil sands production, however, jumped to 359,666 barrels per day in the quarter, from 181,501 barrels per day, a year earlier.
They found that a slightly lower price created by every barrel of increased
oil sands production enabled by Keystone XL would increase global oil consumption by slightly more than half a barrel.
While the fire has not directly damaged major
oil sands production facilities, it has precipitated major disruption to the industry as companies evacuate employees.
Second, Erikson and Lazarus offer no «new insights on whether Keystone XL will ultimately enable higher
oil sands production levels,» because at this point it is unknown «whether alternative transportation options can fully substitute for Keystone XL.»
The result is what Marc Lee refers to as an «all of the above» policy — we have carbon pricing and various climate - related regulation, even while committing to significantly
expanded oil sands production and promising new bitumen pipelines.
Canadian drivers may think that TransCanada's Energy East pipeline, which will allow Alberta to ramp up
oil sands production while boosting the flow of oil to eastern Canada, will translate into lower pump prices.
The U.S. is likely to remain the largest market for our oil for some time, even
if oil sands production grows significantly.
Canadian researchers have developed a new method of removing the contaminants from polluted
oil sands production water using just sunlight and nanoparticles, an approach they say will prove more effective and cheaper than existing methods.
The Parkland Institute, a left - leaning Edmonton - based research network, reported that the government has received less than 20 per cent of the wealth generated by
oil sands production since 1997 even though its original target was 35 per cent.
The latest National Energy Board forecasts for increases in
oil sands production through 2025 roughly add up to what Keystone and Trans Mountain could handle, says University of Calgary economist Trevor Tombe.
Though the industry agreed to tolls for the pipeline three years ago, the two companies argue that Enbridge did not heed their urging to reconsider before it began construction in 2008, and called the company «imprudent» for building the 1,600 - kilometre Alberta Clipper pipeline after it became
clear oil sands production would not grow as quickly as expected.
(For example, total Canadian
oil sands production reached about 2.3 million barrels per day in 2014, according to the Alberta Energy Regulator.)
Shell Canada is planning to expand its
minable oil sands production to approximately 770,000 barrels a day — more than four times the current output — and also increasing upgrading capacity to approximately 700,000 barrels a day.
Canada's The Globe and Mail reports that while Shell Canada is moving ahead with a C$ 10 - to C$ 13 - billion plan to increase its
Athabasca oil sands production, it is also looking for government support for a carbon capture and storage project for its Scotford upgrader.
Current oil sands production, representing about half of western Canada's total crude oil production, is expected to grow from roughly 1.1 million bpd in 2006 to approximately 3.4 million bpd in 2015 and to about 4.4 million bpd in 2020 in the Pipeline Planning Case.
As a result, and depending on the extent to which the pipeline leads to
greater oil sands production, the net annual impact of Keystone XL could range from virtually none to 110 million tons CO2 equivalent annually.
In this simplistic choice, shutting in
oil sands production saves you.1 t of carbon emissions, which using the wealth would save you 1 - 1.5, or a 1000 - 1500 % return.