Rising oil output in the US has already begun to alter the traditional price relationship between US and international crudes, and continued production growth could lead to a domestic glut of certain grades, adding to pressure to lift restrictions on crude exports. The stunning turnaround in the US’ oil fortunes has made plenty of headlines,… Keep reading →
Bitumen
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We will never sell or share your information without your consent. See our privacy policy.United States law prohibits exports of crude oil and condensate except under certain conditions, while exports of refined products and natural gas are far less restricted. While these laws had little impact when the country was in a position of oil and gas scarcity, the country’s newfound energy abundance has rendered some of them obsolete,… Keep reading →
A recent report by consultancy IHS Cera takes aim at common arguments against development of Canadian oil sands, but acknowledges the need for continued – and improved – environmental monitoring and regulation. Groups opposed to construction of the Keystone XL pipeline frequently feature the following claims on their websites: that the pipeline will not enhance… Keep reading →