RECENT NEWS
New York Times  May 13  Comment 
The Royal Tyrrell Museum in Drumheller, Alberta, is putting on display the best-preserved fossil of a 110 million-year-old dinosaur ever found.
Motley Fool  May 11  Comment 
Companies have been shedding their oil sands assets, and this Canadian oil giant is looking to scoop up a cheap deal.
New York Times  May 5  Comment 
A year after a huge wildfire forced everyone in Canada’s oil sands city to flee, some who lost houses are choosing to take insurance payouts and move on rather than rebuild.
Channel News Asia  May 4  Comment 
ConocoPhillips will lay off 300 Canadian workers after selling most local assets to domestic crude producer Cenovus Energy Inc , the Houston-based company said on Thursday.
Motley Fool  Apr 5  Comment 
Find out why so many big oil players are selling off their oil sands projects, and what it means for the oil industry at large.




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Tar sands, or oil sands, are exactly what they sound like - sand saturated with oil.

Canadian tar sands production is estimated to increase from 1.32 mb/d to 3.23 mb/d. Tar sands have a tremendous global warming footprint, however, and environmentalists are pushing legislation through Congress to limit the amount of oil sands products that government agencies can purchase.[1]


References

  1. SeekingAlpha: "Oil Sands: Will the 'Greens' Cause Us to Miss Out?"
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