Tuesday, May 25, 2010
Report Says: Canada’s Oil Sands Set to Become Biggest Source of U.S. Oil Imports
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. However, continued high growth in oil sands production will require further advances in managing water and land use and the reclamation of tailings the waste material byproduct, the report says.....Read the entire article.
New Video: Crude Oil Breaks $70 a Barrel, is it Time to be Short?