Any way you look at it, Teck’s proposed tar sands mine, ‘Frontier’ is a bad investment.
The EIA’s new crude-by-rail data confirms what we always knew. That Keystone XL cannot be replaced by rail and will have a serious climate impact.
In our May 2014 report on the burgeoning crude-by-rail trade, we tracked, among other things, the capacity of loading and unloading terminals in the U.S. and Canada. These terminals are also mapped on our crude-by-rail map. We noted in the report that there was a large surplus in the capacity to load and unload crude … Read More
For the sake of a mere 4% of total petroleum passing through the United States, we say stop the trains now, protect North America’s communities and build an energy system that protects the climate and our citizens from a reckless oil industry.
New data from the EIA shows that the President was right to call Keystone XL an export pipeline.
While the steep decline in oil prices since June has been well documented, perhaps less noticeable have been the changes in the spread – or price differential – between Brent (an international oil price benchmark) and WTI (a major North American benchmark). As the oil price decline took hold, the previously wide Brent-WTI spread shrank … Read More
The falling oil price is bound to have an impact on the most expensive forms of oil production and the tar sands is high up on the list of costly, capital-intensive sources of crude. But as the industry struggles to remain viable in a new oil price environment, each company is determined to convince its … Read More
IHS published today a predictable and hollow attempt to rebut much of our work on Keystone XL’s links to markets beyond North America and the ability of rail to replace the pipeline.
Oil Change International, Earthjustice and Sightline Institute have submitted a Freedom of Information Act request to the US Department of Commerce Bureau of Industry and Security (BIS) seeking details on the Bureau’s criteria for recently approving multiple significant exceptions to the nation’s crude oil export ban.
The tar sands industry lists market access as the number one threat to its future in a recent industry survey.