Skip to comments.Calgary-based company plans first U.S. oil sands project
Posted on 11/08/2012 5:54:16 PM PST by Squawk 8888
The oil sands are coming to the United States.
And this time they dont need U.S. State Department approval or presidential permits, as a Canadian company has secured approval by the state of Utah to produce bitumen within its own arid lands.
Calgary-based U.S. Oil Sands Inc. plans to produce 2,000 barrels per day by 2014 on its PR Spring Oil Sands Project, a $30-million operation, which it aims to scale up to 50,000 bpd within 10 years.
(Excerpt) Read more at business.financialpost.com ...
It would be a pity if it happened to be declared a World Heritage Site...
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