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

1 post / 0 new

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.

http://www.nytimes.com/2012/08/21/opinion/the-dangers-of-diluted-bitumen-oil.html?_r=1

miksilvr
Joined:
Jul. 7, 2011 12:13 pm

Latest Headlines

As Obama talks of climate change in Alaska, oil giant Shell readies drills in the Arctic

And in 2041, the Antarctica could be opened up just as the Arctic has been

Scott Walker: Building a wall at the Canadian border might be "legitimate" idea

It's not just the southern border: Wisconsin Gov. Scott Walker says it's "legitimate" to discuss building a wall separating the United States from Canada, as well

Malaysia's democracy is in worse shape than we thought

Malaysia's ethnic groups, and thus Malaysia itself, are looking more and more divided

We’re at a Dangerous Climate Crossroads - Here’s How We Can Save the Planet

As President Obama tours the Arctic to raise awareness about global warming, we’re getting new evidence about just how dire a situation our planet is in.

In preparation for this fall’s big climate talks in Paris, 56 countries have come out with their own national targets for cutting greenhouse gasses.

Powered by Drupal, an open source content management system