"Crude, Dirty and Dangerous ... the dangers of diluted bitumen oil" aka tar-sands oil

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This Opinion piece from the New York Times by David Sassoon talks about how today's oil price structure has made this stuff that industry insiders consider to be "garbage" profitable, yet still dangerous to extract and handle. The stuff is so thick it has to be mixed with chemicals and processed to get it to flow. In that form, it is known as "dillbit" ...

In fact, dilbit is exempt from an excise tax that pays for oil spill cleanups, because the 1980 law that created the tax did not consider bitumen from the “tar sands” to be crude oil.


Jul. 7, 2011 12:13 pm

Income Inequality Has Gone Up

The chairman of the White House Council of Economic Advisers, Jason Furman, recently wrote in the Washington Post that "Last year saw the largest single-year reduction in poverty since the 1960s."

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