By Beth Evans | May 1, 2013 11:22 AM Comments (0)
ExxonMobil has gotten its Kearl Canadian oil sands production off the ground, but you can’t say that yet about the other key component of such a project: the price.
Canadian crude, still pretty much a bottleneck despite all the projects in the pipeline, remains heavily discounted to US benchmark West Texas Intermediate. (That fact was driven home today in the Energy Information Administration’s weekly report, which reported record crude oil stocks of about 395.3 million barrels.)
By News Desk | March 6, 2013 06:09 PM Comments (0)
Canadian natural resources minister Joe Oliver had some “relevant science and facts” about the Alberta oil sands for IHS CERAWeek attendees Wednesday.
“Unlike some oil-producing regions, Canada is a strong and stable democracy, with a free market that is respected, where the rule of law prevails and where there is a long-demonstrated commitment to environmental responsibility,” Oliver said. “The oil sands may be the most rigorously regulated and monitored industrial sector in the world. Regulations and monitoring are driving innovation. Innovation that has achieved a drop of 26% in greenhouse gas emissions per barrel between 1990 and 2010.”
“Facts and science speak for themselves,” he said, charging opponents of the proposed Keystone XL, which would bring oil sands crude to the US, of using “misrepresentation and hyperbole” in the public debate.
By News Desk | March 19, 2012 10:07 AM Comments (0)
What seemed like an intractable war over Canadian oil sands between the home country and the EU now seems to be a candidate for some sort of peace treaty. Platts’ Canada correspondent Gary Park writes about it in this week’s PetroDollars column from Platts Oilgram News.
By News Desk | January 23, 2012 10:08 AM Comments (0)
Canada’s official exit from the Kyoto treaty — an act undertaken by one of the pact’s biggest public supporters — could be seen as a significant win for the oil sands industry. But that sector is facing a host of other issues, including rising costs. Platts correspondent Gary Park, in this week’s Oilgram News column “Petrodollars,” reviews the landscape.
By Meghan Gordon | January 3, 2012 04:28 PM Comments (0)
The law Congress passed just before Christmas to force a quicker decision on the Keystone XL pipeline gives the Obama administration two choices: approve or deny TransCanada’s application by February 21. Or does it?
This project has been looked at from every angle, and yet we still don’t know if those are the only two possible outcomes.
Take the latest comments from the State Department: “That law gives the Secretary of State 60 days from December 23 to either grant a permit for the proposed Keystone XL pipeline or to justify why a permit is not being granted,” spokeswoman Victoria Nuland said during the department’s daily briefing today.
By John Kingston | November 23, 2011 09:58 AM Comments (0)
The endless creativity of the market may make Keystone XL unnecessary.
That was the unstated yet clear message delivered Tuesday to the New York Energy Forum by Martin Tallett, president of ENSYS, a research firm that worked for both the Department of Energy and the Department of State on TransCanada’s Keystone XL application. A final decision on the project, which needs State Dept. approval to cross the border from Canada to the US, has been deferred to 2013 by the Obama Administration.
By John Kingston | November 10, 2011 06:31 PM Comments (0)
Some immediate thoughts on the delay of the White House/State Department acting on the Keystone XL pipeline.
By Meghan Gordon | November 6, 2011 07:48 PM Comments (0)
Two scholars at the Center for Strategic and International Studies have a really sharp analysis out on the drama surrounding TransCanada’s Keystone XL pipeline.
Senior fellows Sarah Ladislaw and David Pumphrey write that the Obama administration’s task of making a national interest determination on the project has become impossibly fraught given the level of controversy. And it hasn’t handled the challenge well, they argue.
By Keith Tan | September 13, 2011 10:24 AM Comments (0)
Watchers of the Keystone XL pipeline saw the US State Department’s final environmental review as a sign the Obama administration will approve the permit. The uncertainty has since shifted to the heartland, where Nebraska politicians in particular have amplified their objections to the pipeline’s route over the Ogallala Aquifer.
Some comments from and about the Cornhusker State:
By Beth Evans | September 1, 2011 10:55 AM Comments (0)
With celebrities getting arrested in the wake of last week’s decision on the environmental suitability of the Keystone XL pipeline, it’s time to take a look at just what is going to flow through it should it be approved.
So The Barrel spoke with Platts’ head of
It’s said that the line will be carrying “oil sands” or “tar sands.” No; it will be carrying oil, though mostly produced from oil sands. Here’s his overview:
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