Send a Tweet
Most Popular Choices
Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Tell A Friend Printer Friendly Page Save As Favorite View Favorites
General News

Canada's Oil Sands Set to Become Biggest Source of U.S. Oil Imports, Report Says

By       Message OilGuy       (Page 1 of 2 pages)     Permalink    (# of views)   2 comments

Related Topic(s): ; ; ; ; ; ; ; ; , Add Tags
Add to My Group(s)

View Ratings | Rate It

opednews.com Headlined to H3 5/27/10

Author 40799
- Advertisement -

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.

- Advertisement -

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.

- Advertisement -

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.

- Advertisement -

"The fact that oil sands by themselves--were they a country--are set to become the largest single source of U.S. crude oil imports this year, emphasizes the importance they have attained as a supply source for the United States," said IHS CERA chairman Daniel Yergin, author of the groundbreaking history of oil, The Prize.

Next Page  1  |  2

 

- Advertisement -

View Ratings | Rate It

opednews.com

I have an interest in the financial markets, commodities and Geopolitics.

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon Share Author on Social Media   Go To Commenting

The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Africa's Increasing Importance in Worldwide Energy Security Affairs

The Myth Of Nabucco: Greed, Delusion and $11.4 Billion

Government Insiders: Get Ready for the Gulf Dead Zone

They Died Before the Oil Ran Out

The Great Geopolitical Battle Over Energy Transit Routes

Canada's Oil Sands Set to Become Biggest Source of U.S. Oil Imports, Report Says