"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

Who rejected United States-North Korea peace talks?

There were conflicting reports on Sunday regarding a recent proposal for United States-North Korea peace talks which was allegedly made before North Korea"s recent nuclear test

U.K. Pound Falls As Markets Get Brexit Jitters

Bloomberg said on Monday the pound had sustained its biggest fall against the dollar in 11 months

Clinton: I'll defend Israel but push for 'two-state solution

Hillary Clinton believes both Republican candidates Donald Trump and Ted Cruz "missed the mark" with their approach to the Israel-Palestinian Arab conflict

How Can the GOP Run American Government If They Hate It?

The coal country state of West Virginia is in the middle of a special legislative session to deal with a $270 million budget shortfall, and it's setting the stage for Republicans to completely gut the state's government.

It's the same playbook we've seen the right-wing carry out in Wisconsin, in Kansas, in Michigan, and in Ohio.

Powered by Pressflow, an open source content management system