Canada’s “Dirty Oil” Exports to US to Triple (TRP, KMI, ENB)

Standard

Who Pays for Dirty Oils? One Guess!

24/7 Wall St.

The development of the Canadian oil sands is expected to increase the amount of crude oil produced at the Alberta oil sands from its current level of about 1.6 million barrels/day to as high as 8 million barrels/day by 2020. Current exports to the US amount to about 500,000 barrels a day, and are expected to exceed 1.5 million barrels/day by 2020. A group of environmental groups recently published a report on oil sands development called “Dirty Oil Diplomacy,” taking to task the Canadian government and the oil companies that are developing the Alberta oil sands.

In addition to blasting the current development plans, the report also attacks plans to export the oil by pipeline either to the West Coast, the US Gulf Coast, or the East Coast. In the US, the most well-known of the proposed pipelines is the Keystone XL being proposed by TransCanada Corp. (NYSE: TRP

View original post 327 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s