RECENT NEWS
Motley Fool  3 hrs ago  Comment 
But with the sale of Cliffs Natural Resources chromite claims in Ontario hope rises anew that the region's potential will finally be realized
Reuters  Mar 11  Comment 
About 1,000 construction workers employed by a contractor at Husky Energy Inc's Sunrise oil sands project were laid off unexpectedly on Wednesday, a union official confirmed.
OilVoice  Mar 6  Comment 
Enbridge Inc. TSXENB NYSEENB announced today plans to optimize a previously announced expansion of its Regional Oil Sands System. The optimization which has been agreed to with affected shippe
Forbes  Mar 1  Comment 
Saudi Arabia and OPEC may have dropped oil prices to stifle competition from America and other boom time locations, but they didn't drop it enough to stifle the U.S. oil and gas boom from fracking, a senior expert with McKinsey and Company said in...
Reuters  Feb 24  Comment 
Cash flows from the Canadian oil sands will fall by $23 billion and turn negative in the next two years, energy consultancy Wood Mackenzie said in a report on Tuesday, as low crude prices make it less economical to extract tar-like bitumen from...
guardian.co.uk  Feb 24  Comment 
Withdrawal from the Pierre River project is the latest in a series of blows to industry reliant on high cost production struggling with oil prices at six-year lows Shell has shelved plans for a major new tar sands mine in Canada, the largest...
OilVoice  Feb 24  Comment 
Shell announced today it is withdrawing its regulatory application for the proposed Pierre River Mine north of Fort McMurray Alberta to focus attention on its existing oil sands operations. The Pie




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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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