• 4 hours PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 6 hours Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 8 hours Syrian Rebels Relinquish Control Of Major Gas Field
  • 9 hours Schlumberger Warns Of Moderating Investment In North America
  • 10 hours Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 11 hours Energy Regulators Look To Guard Grid From Cyberattacks
  • 12 hours Mexico Says OPEC Has Not Approached It For Deal Extension
  • 14 hours New Video Game Targets Oil Infrastructure
  • 15 hours Shell Restarts Bonny Light Exports
  • 16 hours Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 23 hours Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 1 day British Utility Companies Brace For Major Reforms
  • 1 day Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 1 day Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 1 day Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 1 day OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 2 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 2 days Rosneft Signs $400M Deal With Kurdistan
  • 2 days Kinder Morgan Warns About Trans Mountain Delays
  • 2 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 2 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 2 days Russia, Saudis Team Up To Boost Fracking Tech
  • 3 days Conflicting News Spurs Doubt On Aramco IPO
  • 3 days Exxon Starts Production At New Refinery In Texas
  • 3 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 3 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 3 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 3 days China To Take 5% Of Rosneft’s Output In New Deal
  • 3 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 4 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 4 days VW Fails To Secure Critical Commodity For EVs
  • 4 days Enbridge Pipeline Expansion Finally Approved
  • 4 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 4 days OPEC Oil Deal Compliance Falls To 86%
  • 4 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 4 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 4 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 5 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 5 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 5 days Aramco Says No Plans To Shelve IPO
Alt Text

Who Are The Biggest Buyers Of U.S. Oil?

Exports of U.S. petroleum and…

Alt Text

Russia Goes All In On Arctic Oil Development

Fighting sanctions and low oil…

Alt Text

Is The Aramco IPO On The Brink Of Collapse?

Conflicting news suggests that Saudi…

Latest DOE Report Slams Canada’s Oil Sands

Latest DOE Report Slams Canada’s Oil Sands

Oil from Canada’s oil sands is around 20 percent more carbon-intensive on average than crude from elsewhere.

That is the damming conclusion from a forthcoming new study by the U.S. Department of Energy’s Argonne National Laboratory and its partners. The study looked at a wells-to-wheels analysis, which takes into account greenhouse gas emissions along the entire supply chain, from extraction to transit, refining, and finally combustion by the end user.

Canada has 175 billion barrels of proven oil reserves, a massive tally that puts it in third place worldwide behind only Venezuela and Saudi Arabia. Much of that comes in the form of heavy oil sands and Canada has ambitious plans to ramp up output. It produced 3.6 million barrels of oil per day in 2014, but hopes to double that figure in the coming decades. Related: Oil Markets Await Outcome Of Iran Talks

“All crudes are not created equally,” Argonne National Laboratory’s Hao Cai, the lead researcher on the study, said in response to the findings.

If Canada exports more oil sands to the U.S. over time, greenhouse gas emissions from U.S. drivers would rise, even if gasoline consumption remained flat, owing to the dirtier profile of Canada’s oil. Related: Why Buffett Bet A Billion On Solar

The study found that gasoline refined from oil sands from 27 projects that were studied released 18 to 21 percent more greenhouse gas emissions than gasoline derived from conventional crude. On a simple well-to-refinery basis, oil sands are four times more carbon-intensive than light oil from the U.S.

The conclusions will no doubt give ammunition to environmental critics who oppose oil sands production. Earlier this month a group of 100 prominent Canadian and American scientists signed a letter calling for a moratorium on new oil sands projects. It will also add fuel to the fire for opponents of the Keystone XL pipeline, an iconic project that would lead to more oil sands funneled south from Canada to the U.S. Related: What Oil Export Ban Means for Investors

U.S. President Barack Obama has previously stated that he would not approve the pipeline if it significantly exacerbated greenhouse gas emissions. The DOE study would seem to offer the justification for him to reject the pipeline, which has already been floundering amid the U.S. federal bureaucracy for seven years.

By Charles Kennedy of Oilprice.com

More Top Reads From Oilprice.com:




Back to homepage


Leave a comment
  • Juan carlos napolitano on June 25 2015 said:
    I think the oil age is coming to an end. What will do the human race to survive I cannot see as our modern society depends on oil.
  • felipe on June 25 2015 said:
    Oil and fossils got us here, and I wonder if we can survive as a society longer without them than with them. My guess is we'll use every drop we can recover.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News