Posted on 05/24/2010 1:28:38 PM PDT by bananaman22
Canadian oil sands will probably become the No. 1 source of U.S. crude oil imports this year, and could make up more than a third of the nation’s oil and refined product imports by 2030, according to a new study.
The Role of Canadian Oil Sands in U.S. Oil Supply, a report from Cambridge, Mass.-based IHS CERA, says that in a fast-growth scenario, oil sands could represent 36% of oil imports by 2030, or 20% in a more moderate growth scenario, compared with 8% in 2009. Production of 1.35 million barrels per day (mbd) in 2009 could rise to between 3.1 mbd and 5.7 mbd by then.
Although production of oil sands has run into environmental opposition, innovation in the technology of oil sand production has been constant and there will be continued progress in cutting greenhouse gas (GHG) emissions and reducing its environmental impact, the report says.
While the total “well-to-wheels” greenhouse gas emissions from oil sands are some 5 to 15% higher than the average crude oil produced in the U.S., a comparison to the average can be misleading because some domestic crude oil production can actually have higher GHG emissions, the IHS CERA report says. Full article at: Canadian Oil Sands
(Excerpt) Read more at oilprice.com ...
Ping.
So, it produces extra greenhouse gasses?! That makes it DOUBLY beneficial!
Greenhouse Gas emissions=Taxes and Regulations.
I believe they have to pump the CO2 back into the ground costing additional Billion$.
Pray for America
Georgie Soros probably isn’t happy about this and will have his puppet put an end to it asap.
I told you americans.
Just call me kreskin.
The gulf disaster only makes the tar sands bigger and worth more every day. As if it isn’t big and worth enough without the gulf gusher. On land OIL drilling is the way to go. Not a mile out at sea. The reason the gulf is bleeding is because tree huggers whined about oil drilling so they decided to go miles off shore and are having a hell of a time capping since it so deep, but I do bet you they could have capped it already but BP don’t want that done till the relief drilling takes over. That way they don’t lose their investment. This is what you get when you drill more than a mile underwater. You don’t have that problem in Canada, cause the vast reserves are in the cold, dark ground. I still say obama and the americans should have waltzed in there two weeks after it ruptured and capped it. They could have done it but money talks, especially when it comes to oil.
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