March 2, 2013 |
Even if foes of the Keystone XL pipeline block it, companies seeking to get Canada's oil sands to U.S. and world markets could travel the old-fashioned way: by rail. While TransCanada has been trying to obtain a U.S. permit to build the 875-mile northern leg of its Keystone XL pipeline, Canadian and U.S. railroad companies have been busy installing new track and loading facilities to carry the oil sands crude from northern Alberta to refineries in the United States and Canada.
March 31, 2013 |
Exxon Mobil said that one of its pipelines leaked "a few thousand" barrels of Canadian heavy crude oil near Mayflower, Ark., prompting the evacuation of 22 homes and reinforcing concerns many critics have raised about the Keystone XL pipeline that is awaiting State Department approval. The pipeline breach took place late Friday, Exxon said, in the 20-inch diameter, 95,000-barrel-a-day Pegasus pipeline, which originates in Patoka, Ill., and carries crude oil to...
January 18, 2012 |
1 . The pipeline would have been catastrophic for global climate change. For opponents of the Keystone XL pipeline, the issue was one of simple math: The project would have facilitated increased production of Canadian oil sands, and a gallon of gasoline derived from oil sands produces 5 to 15 percent greater greenhouse gas emissions than a gallon of gasoline made from a typical barrel of conventional oil. Also, they noted, Canada's oil...
October 28, 2011 |
For more than five decades, the world's oil map has centered on the Middle East. No matter what new energy resources were discovered and developed elsewhere, virtually all forecasts indicated that U.S. reliance on Mideast oil supplies was destined to grow. This seemingly irreversible reality has shaped not only U.S. energy policy and economic policy, but also geopolitics and the entire global economy. But today, what appeared irreversible is being reversed. The outline of a new world oil map is emerging, and it is centered not on the...
June 30, 2012 |
Fort McMurray, ALBERTA — When Armand Morin was a junior in high school, hanging out with friends and doing badly in class, his uncle sat him down and told him to do something useful, such as train for a job in the oil industry. So he moved to Fort McMurray, enrolled in a community college program for process engineering and took a job at Shell. He just turned 23, and last year he made $176,000. After three years, he'll get a retention bonus. He bought his first home, a three-bedroom, two-story house, for...
January 18, 2012 |
President Obama, denouncing a "rushed and arbitrary deadline" set by congressional Republicans, announced Wednesday that he was rejecting a Canadian firm's application for a permit to build and operate the Keystone XL pipeline , a massive project that would have stretched from Canada's oil sands to refineries in Texas. Obama said that the Feb. 21 deadline, set by Congress as part of the two-month payroll tax cut extension , made it impossible to adequately review the project proposed by TransCanada.