Lots of Heavy Oil in Canada – Lots of Environmental Problems Too
New Reserves, French firm Total Leads Push in Canada To Process Tar-Like Sand;
Toxic Lakes and More CO2, Digging It Up, Steaming It Out
Article includes:
■ “Without a doubt, we can become the next Saudi Arabia”
■ “In February, engineers from French oil giant Total SA fired up colossal drum boilers to generate steam that will be pumped to a depth of 300 feet under the frozen ground here. If all goes well, by May, the steam will marinate a tar-like mix of oil and sand until the crude begins to flow.”
■ “A Florida-size section of sandy soil beneath the boreal forest in this sparsely populated area of Northern Canada is loaded with bottom-of-the-barrel petroleum.”
■ “thanks to rising global oil prices and improved technology, most oil-industry experts count oil sands as recoverable reserves.”
■ “That recalculation has vaulted Venezuela and Canada to first and third in global reserves rankings”
■ “the world isn't about to run out of oil. Instead, it is running low on readily accessible light, sweet crude -- oil that flows like water”
■ “heavy oil has big economic and environmental drawbacks. It costs more to produce and takes more energy to turn into gasoline than traditional light oil. … releases up to three times as much greenhouse gas as producing conventional crude.”
■ “For years, environmentalists have argued that higher gasoline prices would be good for the Earth because paying more at the pump would promote conservation. Instead, higher energy prices have unleashed a bevy of heavy-oil projects that will increase emissions of carbon dioxide, suspected of causing global warming.”
■ “By 2015, Canada's Fort McMurray region, population 61,000, is expected to emit more greenhouse gases than Denmark, a country of 5.4 million people.”
■ “It costs about $25 a barrel to produce crude from Canada's oil sands, an acceptable cost when oil is trading for $60 a barrel. By comparison, it can cost as little as about $5 a barrel to produce crude in the Middle East and $15 in the deep waters of the Gulf of Mexico.”
See prior posts:
Nuclear Power Resurgence
U.S. Hurricanes Getting Worse Due to Global Warming? No
Get Involved - Become a Friend of the Orange County Great Park
U.S. Hurricane Strikes by Decade
Global Warming “systematically exaggerated”?
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