Canada's Tar Sands is the third-largest proven crude oil reserve in the world behind Saudi Arabia and Venezuela. In 2011 it was believed the reserve amounted to 170.2 billion barrels of oil, or about 11% of total global oil reserves. But the development of Canada's Oil Sands is concerning environmentalists for several reasons, not least the fact that producing "tar oil", or "sand oil" as it's also known, releases three times the volume of greenhouse gas emissions as conventional oil. StoneOcean's music: www.stoneocean.info StoneOcean's channel: http://www.youtube.com/user/RatedmusicOfficial Subscribe to our channel: http://bit.ly/TRUsub Why you should subscribe to Truthloader: http://bit.ly/1aGJD0a More videos from Truthloader: Syria is starving: http://bit.ly/1bV4tdD What is Israel's Magic Wand?: http://bit.ly/1emh4a4 Where is the most polluted place on Earth?: http://bit.ly/1g21m4d Police officer brutally beaten up in New York: http://bit.ly/18tzhRO Occupy abolish $15m debt in the US: http://bit.ly/I4mYB1 Afghan army torture prisoner as US forces look on: http://bit.ly/HCBcJg Private prisons: How US corporations make money out of locking you up: http://bit.ly/HKLbNb Anonymous Million Mask London 2013: http://bit.ly/16DVDPh Is China taking over the world?: http://bit.ly/HwHcmv Saudi whips and beats victim for looking at his wife: http://bit.ly/1aLlSET The NSA has collected your address book: http://bit.ly/1cswbRD Abductions and executions: Counterterrorism under Obama: http://bit.ly/18G9zoK The war on drugs is a war on you (Part One): http://bit.ly/19pXcgC A race for what's left of the planet - The Arctic battleground: http://bit.ly/15hsbOy Check out our top 20 videos playlist: http://bit.ly/V55Vna Follow us on Facebook: http://facebook.com/truthloader Follow us on Twitter: http://twitter.com/truthloader Join us on Google+: http://google.com/+truthloader Read our reddit: http://reddit.com/r/truthloader Truthloader is a channel dedicated to citizen journalism. We find the best examples of crowd-sourced video and independent content, then use our expertise to add context and analysis. We respond to the stories you're interested in, so if you've got a story you'd love us to get to the bottom of, tweet us, Facebook us, or respond to our videos with a comment - and perhaps check out our reddit.
Views: 286679 Point
Environmental devastation of the land, water, and air - the largest industrial energy project in the world is extracting crude oil from bitumen found beneath the pristine boreal forest of Alberta, Canada. Effecting a land mass equivalent in size to Florida or England, Both industry and government are putting money before the health and security of its people and the environment. Tar sands take 3 barrels of water to process every barrel of oil extracted. Ninety percent of this water becomes so toxic that it must be stored in tailing ponds. Unfortunately these ponds regularly leach pollution into the third largest watershed in the world. Water depletion, exploitation, privatization and contamination has become one of the most important issues facing humanity this century. Check out my other video on water issues: http://www.youtube.com/watch?v=XMmpg35Bym0 and see my other videos to learn about the dark side of fossil fuels. To learn more about tar sands, be sure to check out the featured film sources listed below. Find out more about what you can do and how to support the film makers. Crude Sacrifice http://www.crudesacrifice.com/ Dirty Oil (available to watch online) http://www.youtube.com/watch?v=jA_BBGuCs20 Downstream -- (available to watch online) http://www.babelgum.com/3015242/downstream.html H2Oil http://h2oildoc.com/home/ Petropolis http://www.petropolis-film.com/ Check out a new promising technology to eliminate tailing ponds: http://www.gizmag.com/ionic-liquids-used-to-process-tar-sands/18214/ Tar sands development can be minimized by blocking development of pipelines, such as Keystone XL, that carry the sludge of this incredibly polluting energy project. Tell Canada to clean up this mess and join with Bill McKibben and Josh Fox and let your voice be heard.
Views: 446631 SustainableGuidance
Running Time: 7 minutes Although the energy industry is a cornerstone of Alberta's economy, many people don't understand how our oil sands projects operate. This corporate video and animation demonstrates the process utilized to extract this valuable petroleum resource.
Views: 50563 William Joseph Communications
Learn about the process Suncor uses to extract bitumen from the oil sands: both surface mining as well as steam-assisted gravity drainage (SAGD) while trying to minimize our impact on the environment. This video also features facts about the massive equipment used in our operations. You can read more about our oil sands operations at http://www.suncor.com/en/about/242.aspx
Views: 84698 Suncor Energy
MegaStructures - Ultimate Oil Sands Mine (National Geographic Documentary) MegaStructures - Ultimate Oil Sands Mine MegaStructures (National Geographic Documentary) MegaStructures Our YouTube channel features full documentary films as well as educational television series. We are dedicated to bringing our viewers amazing stories and experiences from the world of science, history, anthropology, finance, geography, and engineering. See the world from a new perspective! SUBSCRIBE! ABOUT THE SHOW: MegaStructures is a documentary television series. Each episode is an educational look of varying depth into the construction, operation, and staffing of various structures or construction projects, but not ordinary construction products. Generally containing interviews with designers and project managers, it presents the problems of construction and the methodology or techniques used to overcome obstacles. MegaStructures focuses on constructions that are extreme; in the sense that they are the biggest, tallest, longest, or deepest in the world. MegaStructures - Ultimate Oil Sands Mine (National Geographic Documentary) MegaStructures - Ultimate Oil Sands Mine (National Geographic Documentary) MegaStructures - Ultimate Oil Sands Mine (National Geographic Documentary) MegaStructures - Ultimate Oil Sands Mine (National Geographic Documentary) MegaStructures - Ultimate Oil Sands Mine (National Geographic Documentary)
Views: 44446 MSFTV3
The Alberta Oil Sands (Saudi Arabia of the North) as it is proudly refered to in the oil industry has proven to be a financial boom to the Canadian economy. It has also proven to be an environmental nightmare. ................................. more info:http://www.2solitudes.com/articles/57/1/The-Alberta-Oil-Sands-Canadian-Prosperity---Global-Nightmare.html ............................... CBC - Newsworld
Views: 79356 a2zme
Join Keith and Rita in "Conversations That Matter," a series of short videos about Alberta's oil sands the Alberta Energy Regulator's role in protecting what matters most. For more Conversations that Matter see https://www.youtube.com/playlist?list=PLKpki4HwQKNQ4uN1entjMMAU0waZUCt6I
Views: 25647 Alberta Energy Regulator
An interesting first hand account of the environmental dangers and social consequences of extracting dirty oil from the Alberta Tar Sands. Allison Rowe, artist/activist gives a tour of her 1982 Dodge Camper Van at the Toronto Outdoor Art Show July 2012. The Dodge Camper is now a travelling exhibit of her experiences while living in her camper in Fort McMurray and the people she met and learned from about the terrible consequences of mining the tar-sands. http://tarsands.tumblr.com/
Views: 320 EmpireChris
In northern Alberta, Canada, tons of oil sands are being extracted from the ground every day to produce a thick, gooey form of petroleum. Fort McMurray, the city at the center of oil sands mining, has seen a huge influx of people moving to the area for jobs in or related to the oil sands industry. The proposed Keystone XL pipeline would create an easier way for this oil to be transported from Alberta to refineries on Texas's Gulf Coast. However, many environmental groups oppose oil sands production because of the high amount of greenhouse gases the production creates, and the U.S. Government has yet to approve the pipeline.
Views: 23735 Washington Post
(EnviroNews Utah) – Tar sands, oil sands, asphalt, and bituminous sands. These names all represent the same type of fossil fuel, a fossil fuel so difficult and energy intensive to mine and process that past attempts to harness its dirty energy in the United States have resulted in bankrupt companies and abandoned test sites that have scarred the land with barren eyesores... [transcript excerpt] Read/View the full documentary on EnviroNews here: http://environews.tv/062813-children-and-families-camp-out-in-protest-to-save-the-pristine-tavaputs-plateau-from-americas-first-approved-tar-sands-operation/
Views: 6057 EnviroNews
Saudi Arabia North - Oil Reserves second only to Saudi Arabia - and with none of the pesky energy security problems plaguing the Middle East. But many say it's destroying the environment and the Native way of life. We were ahead of the game with this story - and negotiated access in, despite the oil companies disinterest (to say the least) in foreign media
Views: 130302 MDMarshall
Oil Bonanza (2014): Alberta in Canada boasts one of the biggest oil deposits in the world; but with its reserves bound up in tar sands, it's also facing one of the biggest controversies over extracting it. For similar stories, see: See the havoc caused by the discovery of oil in Nigeria https://www.youtube.com/watch?v=zalqYjcjA2Y Have Russia's Nenets Really Benefited From Oil Development? https://www.youtube.com/watch?v=m8nGF8S7CCs Why Azerbaijan Is Getting Poorer Despite An Oil Revolution (2000) https://www.youtube.com/watch?v=HvyK2YdXRzU Subscribe to journeyman for daily uploads: http://www.youtube.com/subscription_center?add_user=journeymanpictures For downloads and more information visit: http://www.journeyman.tv/film/6164/oil-bonanza Like us on Facebook: https://www.facebook.com/journeymanpictures Follow us on Twitter: https://twitter.com/JourneymanVOD https://twitter.com/JourneymanNews Follow us on Instagram: https://instagram.com/journeymanpictures "We're killing our people softly", claims Allan, the First Nation Chief. Extracting Alberta's oil creates huge amounts of greenhouse gases and waste water. For some, the economic benefit of producing two million barrels of oil a day far outweighs any environmental impact. "Our community now has no unemployment", the chief of the local indigenous people explains. Others, however, have mounted a campaign over worsening pollution and health, even comparing the effects of the industry to an act of genocide. Dateline, SBS Australia – Ref. 6164 Journeyman Pictures is your independent source for the world's most powerful films, exploring the burning issues of today. We represent stories from the world's top producers, with brand new content coming in all the time. On our channel you'll find outstanding and controversial journalism covering any global subject you can imagine wanting to know about.
Views: 16112 Journeyman Pictures
High levels of toxic pollutants in Alberta's Athabasca River system are linked to oilsands mining, researchers have found. The findings counter the reports by a joint industry-government panel that the pollutant levels are due to natural sources rather than human development. Mercury, thallium and other pollutants accumulated in higher concentrations in snowpacks and waterways near and downstream from oilsands development than in more remote areas, said a study to be published Monday afternoon in the Proceedings of the National Academy of Sciences. Upstream and undeveloped sites exposed directly to the McMurray Geologic Formation, the natural source of the oilsands, did not show high levels of pollutants. The study led by Erin Kelly and David Schindler of the University of Alberta also found that levels of the pollutants cadmium, copper, lead, mercury, nickel, silver and zinc exceeded federal and provincial guidelines for the protection of aquatic life in melted snow or water collected near or downstream from oilsands mining. "They're all elements that are known to be very toxic at low concentrations," Schindler said. He added that natural levels of some elements are already high in waters in that area. "Adding more is certainly not going to do the ecosystem any good." Researchers at Queen's University in Kingston, Ont., and Juneau, Alaska-based Oceana, a non-profit group focused on water quality issues, also contributed to the report. The study was funded by the Tides Foundation and the Walter and Duncan Gordon Foundation, two non-profit groups with an interest in environmental projects. Residents downstream from the oilsands have expressed concerns that pollution in the river may be causing increased cancer rates. However, the Regional Aquatic Monitoring Program, or RAMP, a joint industry-government environmental body that monitors water in the Athabasca River and its tributaries, said in its 2009 report that generally, "water quality was similar between [test] stations located within and outside oil sands development and when compared to conditions prior to development." The program has reported the pollutant levels occur naturally because of erosion of the natural geologic formation that contains the oilsands and are not caused by human activity. Goal to test claims of monitoring program The authors of Monday's study said they wanted to test those claims. As of 12:30 p.m. ET, RAMP had not responded to requests for comment from CBC News. RAMP's findings have been questioned in the past, but critics did not have any data from independent studies to compare to the program's data, the paper said. The new findings confirm "the serious defects" of the monitoring program, the study concluded. It added that detailed monitoring, including the ability to distinguish the sources of the contaminants, is "essential" to control the potential impact of pollutants on human health. Schindler said the levels of pollutants found by his study were easily measurable and "any program that cannot detect these levels has to be considered incompetent." He called for Environment Canada to take over monitoring. The researchers collected water from more than 35 sites in February and June 2008 along the Athabasca River, its tributaries, the Athabasca Delta and Lake Athabasca. They accumulated winter snowpack from 31 other sites in the region in March 2008. The researchers chose sampling sites upstream and downstream from oilsands mining, with both within 50 kilometres of oilsands developments and near undeveloped oilsands sites. They then tested the samples for levels of 13 elements listed as priority pollutants under the U.S. Environmental Protection Agency's Clean Water Act. Source: http://www.cbc.ca/canada/story/2010/08/30/oil-sands-athabasca-river.html
Views: 14446 JogBird
We try to extrude oil out from oil sand using our 150 ton hydraulic press and extruder 5 000 000 tool. Current method of extraction is to use lot of hot water which isn't very environmentally friendly so this is interesting to try out Here is link to toilet paper slugs video https://youtu.be/rxmIdwqMjpg Our second channel https://www.youtube.com/channel/UCveB47lgzZJ1WOf4XYVJNBw Our fan shop https://www.printmotor.com/hydraulicpresschannel/ https://www.facebook.com/officialhpc/ https://www.instagram.com/hydraulicpresschannel Do not try this at home!! or at any where else!! Music Thor's Hammer-Ethan Meixell
Views: 341213 Hydraulic Press Channel
Canada’s land gets harshly treated when oil is being extracted from its tar sands. That is why Stuart Hall, a photographer, decided to take aerial shots of the tar sands of Canada. Hall stated, “There’s a lot of beauty in that place, but also a lot of destruction. It’s like a bad marriage.” Canada has a bitumen deposit the size of New York. Bitumen is a substance that can be turned into oil, and a majority of the oil that comes from Canada and into the US comes from Canada’s tar sand. It’s unfortunate that this process is destroying the tar sands. http://www.wired.com/2016/06/stuart-hall/ http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com
Views: 427 Wochit News
September 15, 2009 - Greenpeace activists block giant tar sands mining operation at the Shell Albian Sands outside of Fort McMurray, Alberta, Canada on September 15, 2009.
Views: 23411 GreenpeaceCanada
With proven oil reserves of 171bn bbl, the world’s third-largest, Canada’s oil industry should be looking forward to a rosy future. Instead, Canada’s oil producers face opposition from environmental activists to their plans to raise production and build new pipelines, along with the withdrawal of the oil majors. It’s fair to say that the future is starting to look less appealing: and nowhere is this more so than in the oil sands belt of Alberta. Connect: Web : http://www.energyanalyst.co.uk Twitter : https://twitter.com/EnergyAnalystUK Patreon : https://www.patreon.com/EnergyAnalyst
Views: 3968 Energy Analyst
3-d virtual flyover of the massive tar-sands strip mining operation, stretching across more than 16 miles, near the town of Fort McMurray in Alberta, Canada. Generated using Google Earth. No audio. Playing time 2:08. For more information and to get a sense of scale, check out: http://en.wikipedia.org/wiki/Athabasca_Tar_Sands and http://skytruth.mediatools.org/objects/view.acs?object_id=8145
Views: 29607 SkyTruth
**** The decision for the Jackpine Mine Expansion was delayed until July 2013. A conditional approval was granted with 88 non-binding conditions/recommendations. The decision and recommendations can be viewed here http://www.ceaa-acee.gc.ca/050/document-eng.cfm?document=90874 Federal approval was granted on December 6th and failed to address the concerns of the ACFN. The ACFN will continue to explore all options to challenge this decision http://www.cbc.ca/news/aboriginal/jackpine-mine-will-destroy-wetlands-and-wildlife-first-nations-say-1.2455963 **** Indigenous people living downstream from the tar sands explain in their own words why they are saying enough is enough. Shell Canada is proposing two new tar sands mine projects in northern Alberta, Canada. From the perspective of the Athabasca Chipewyan First Nations (ACFN), whose lands will be affected by both Shell mines, governments are not fulfilling the promises of Treaty 8. This has led them to file a challenge to the Jackpine Mine proposal under section 35 of the Canadian Constitution. Credits: Producer/Directors: Eriel Deranger and Melina Laboucan-Massimo Videographers: Eagle Claw Thom & Zack Embree Music: Meander River Dene Drummers Recorded and engineered by: Taro Hashimoto & Curtis Cardinal Additional Music:Dexter Britain "Into the Electric Fields" "Together in the Empty" freemusicarchive.org
Views: 17704 Sarah Small
In this segment of "The Oil Alarm," we explore how we get oil - from old-fashioned drilling, to new methods like tar sands and fracking. What's the energy return for each kind, and why does it matter? Look for new Oil Alarm videos every week until Christmas/winter holidays 2015. Follow The Oil Alarm: https://facebook.com/oilalarm The Oil Alarm, by Liam Scheff http://liamscheff.com/oil-alarm http://www.amazon.com/dp/147756134X/ Produced by Heal The Planet http://healtheplanet.com Animation by Eric Rogerson: https://ericrogerson.carbonmade.com/ Post-production by Liam Scheff
Views: 2597 liamscheff
What does environmental devastation actually look like? At TEDxVictoria, photographer Garth Lenz shares shocking photos of the Alberta Tar Sands mining project -- and the beautiful (and vital) ecosystems under threat. For almost twenty years, Garth's photography of threatened wilderness regions, devastation, and the impacts on indigenous peoples, has appeared in the world's leading publications. His recent images from the boreal region of Canada have helped lead to significant victories and large new protected areas in the Northwest Territories, Quebec, and Ontario. Garth's major touring exhibit on the Tar Sands premiered on Los Angeles in 2011 and recently appeared in New York. Garth is a Fellow of the International League Of Conservation Photographers Filmed at TEDxVictoria on November 19 2011 http://garthlenz.com http://tedxvictoria.com About TEDx, x = independently organized event In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)
Views: 215180 TEDx Talks
Shot primarily from a helicopter, filmmaker Peter Mettler's "Petropolis: Aerial Perspectives on the Alberta Tar Sands" offers an unparalleled view of the world's largest industrial, capital and energy project. Canada's tar sands are an oil reserve the size of England. Extracting the crude oil called bitumen from underneath unspoiled wilderness requires a massive industrialized effort with far-reaching impacts on the land, air, water, and climate. It's an extraordinary spectacle, whose scope can only be understood from far above. In a hypnotic flight of image and sound, one machine's perspective upon the choreography of others, suggests a dehumanized world where petroleum's power is supreme. I do not own any rights to the video. Uploaded for educational and information sharing purposes only.
Views: 13188 Tibor Roussou
Yves Engler: Harper's right wing foreign policy protects interests of big oil and mining
Views: 1893 The Real News Network
An up close and personal look at all the various sources of Canada's natural resource wealth. From the Tar Sand at Athabasca to the regular old Alberta Oil Fields, the uranium mines in Saskatchewan to the deep salt mine in Windsor Ontario, and even the open pit copper mines high in the mountains of British Columbia. Canada is the first country I'll be doing this for, as a gift to my sweet friend Victoria the Nuclear Girl ------------------------------------------------------------------------ Victoria's Art Page -- https://victoriathething.deviantart.com/ Twitter -- https://twitter.com/AK_Maxojir Patreon -- https://www.patreon.com/Skasis
Views: 409 Maxojir
With an area covering over 40,000 square km the production of Alberta's tar sands in Canada represents the largest industrial project in history - equally matched by its impact on the environment - for more visit www.3Ceco.com
Views: 1438 TarSandsNews
Fossil Foolishness: Utah's Pursuit of Oil Shale and Tar Sands. Two unconventional energy sources in Utah are attracting attention as possible solutions for our national energy needs. But the high cost in water, energy inputs, pollution, and disruption make these marginal energy sources more of a problem than a solution. See why Utah has so much at risk if oi shale and tar sands become part of its future.
Views: 11260 Western Resource Advocates
TAR SANDS RESISTANCE TOUR! RAN organizers Joshua Kahn Russell and Kimia Ghomeshi are on a tour of Canada and the US with the bands Propagandhi and Strike Anywhere and the organization Substance to educate, organize, and mobilize people to stop a disastrous oil project called the Tar Sands. Here is the 6th episode of our adventures - interviewing Propagandhi about the impacts of Tar Sands mining, and their experience of the tour so far. Every night we'll be speaking with the bands on stage, working with teams of volunteers and the organization Substance to get hundreds of people to sign up to join our campaign, take actions locally, recruit for different local organizations, screen slideshows and films, distribute literature and information, and even sing songs. www.ran.org/tarsands www.ienearth.com/cits http://www.livewithsubstance.org/ www.propagandhi.com www.strikeanywhere.org
Views: 10283 Rainforest Action Network
sierraclub.org/stopthepipe The Obama Administration is considering permitting a massive new tar sands pipeline called Keystone XL that will use thinner, cheaper steel while snaking from Canada down through the Heartland to the Gulf Coast. The Keystone XL pipeline threatens American water, air, and farmland. It's time to end our toxic and dangerous addiction to oil and say no to new tar sands pipelines. - Founded by legendary conservationist John Muir in 1892, the Sierra Club is now the nation's largest and most influential grassroots environmental organization -- with more than two million members and supporters. Our successes range from protecting millions of acres of wilderness to helping pass the Clean Air Act, Clean Water Act, and Endangered Species Act. More recently, we've made history by leading the charge to address climate disruption by moving away from the dirty fossil fuels and toward a clean energy economy. Visit us here: Facebook: https://www.facebook.com/SierraClub Twitter: https://twitter.com/sierraclub Instagram: https://instagram.com/sierraclub
Views: 3787 NationalSierraClub
http://www.democracynow.org- While the fight over the Keystone XL pipeline and the Alberta tar sands has galvanized the environmental movement, far less attention has been paid to a related story here in the West. The state of Utah has begun making preparations for its own major tar sands and oil shale extraction projects. According to one U.S. government report, land in the region could hold up to three trillion barrels of oil — that's more recoverable oil than has been used so far in human history. Critics say Utah is sitting on a tar sands carbon bomb. The Utah Water Quality Board has recently begun giving out permits for companies to extract from the state's tar sands reserves. We speak to Taylor McKinnon, energy director of the Grand Canyon Trust. Democracy Now!, is an independent global news hour that airs weekdays on 1,200+ TV and radio stations Monday through Friday. Watch our livestream 8-9am ET at http://www.democracynow.org. Please consider supporting independent media by making a donation to Democracy Now! today, visit http://owl.li/ruJ5Q. FOLLOW DEMOCRACY NOW! ONLINE: Facebook: http://www.facebook.com/democracynow Twitter: @democracynow Subscribe on YouTube: http://www.youtube.com/democracynow Listen on SoundCloud: http://www.soundcloud.com/democracynow Daily Email News Digest: http://www.democracynow.org/subscribe Google+: https://plus.google.com/+DemocracyNow Instagram: http://instagram.com/democracynow Tumblr: http://democracynow.tumblr Pinterest: http://www.pinterest.com/democracynow
Views: 3327 Democracy Now!
Do not forget to visit the channel WATCHJOJO ANIMALS https://goo.gl/438CPy contact us at:[email protected] http://watchjojo.com Discovery of Ankylosaur at Suncor's Millennium Mine ►https://goo.gl/As1Z5k ************************************************************** A Chopper Pilot Spotted This Mysterious SOS Signal Now Police Think They Have The Answer https://youtu.be/XqhuhnQLqM4 Stolen Cars Found By Police In A Lake End Up Reopening A Decades Old Mystery https://youtu.be/6ng46yIuDis Woman Cleaning Out A Fish For Dinner Gets The Surprise Of Her Life https://youtu.be/8RuimyC8de8 ************************************************************** ►Image credits: Suncor Energy @ Youtube https://goo.gl/TBq6QA ►web: http://watchjojo.com ► SUBSCRIBE US: https://goo.gl/Z4nZcg ► Follow Us On Google Plus: https://goo.gl/JYf9Rr ► Like us Our Facebook Page: https://goo.gl/C5Rv92 ► Follow On Twitter: https://goo.gl/PZ2U1R #watchjojo
Views: 1372963 watchJojo
The Keystone XL pipeline is only the beginning. If Big Oil gets its way, production of tar sands oil will triple, sending up to 6 million barrels of dirty tar sands crude a day, nearly enough to fill the Empire State Building, snaking through our communities, down our rivers and along our coasts. Their reckless plan threatens all of us with derailments and devastating spills. We need to act quickly. Tell President Obama to stop the Tar Sands Invasion. Sign the Petition: http://on.nrdc.org/1H4DHiP
Views: 20759 NRDCflix
The Canadian tar sands industry has lost a combined $25 billion over the last three years and is currently losing approximately $100 million a day. Click here to subscribe to the DeSmog Youtube channel: https://www.youtube.com/user/DesmogBlog?sub_confirmation=1 At current prices, Canadian tar sands oil producers are losing money on every barrel of oil they dig out. Despite signs earlier this year the industry would “turn profitable in 2018,” a much more likely scenario at this point is a fourth straight year of losses. Producers are forced to keep cranking out product and selling it at a loss to cover the massive costs required to start one of these sprawling unconventional oil operations, a point made painfully clear when Alberta wildfires in 2016 forced some tar sands operators to shut down. “I do think they'll start up quickly once the danger from the fire is gone because there is a lot of motivation to do that,” Jackie Forrest, an energy economist for Arc Financial Corp, told The Globe and Mail. “They have a lot of fixed costs so they're going to be motivated to get some revenue to pay for those costs that aren't going away.” In the face of such challenging economics, what are Canadian tar sands producers doing? Tapping more oil than ever. In June 2018 Canada set a new record for exporting oil to the U.S., hitting well over three million barrels per day. This record coincided with another one for oil exported by rail from Canada to the U.S. The U.S. is currently the only major market for Canadian crude, with 99 percent of its exports going to either U.S. refineries or ports for export. Source: U.S. Energy Information Administration America Is Maxing out on Canadian Crude American refineries certainly enjoy buying Canadian crude at such low prices. How low are the prices? As the Financial Post reported in mid-October, Western Canadian Select (WCS) was $19 a barrel — approximately $50 a barrel cheaper than a barrel of the American oil standard known as Western Texas Intermediate (WTI). Without a competing market in sight, American buyers likely will continue receiving huge discounts on Canadian oil. As Sandy Fielden, director of oil and products research at Morningstar, told Reuters in 2016: “If Canada can’t get their oil to another market besides the U.S. [market], you’ll always be a price taker, not a price maker.” Even under these economic conditions, one company, Teck Resources, is proposing to build a new tar sands mining operation. Projections estimate the cost to produce a barrel of oil at this operation will be around $85 a barrel. That's quite the mismatch with what a barrel of Canadian crude oil is fetching these days, and doesn't bode well for a sustainable business model. Another complicating factor is that even at such low prices, American refineries only want and need so much tar sands oil, which is a heavy, lower-quality oil. America is experiencing a boom in production of the light fracked crude oil from shale basins, which is not only more valuable to refineries but requires much lower transportation costs than importing crude from Alberta, the tar sands capital of North America. As The Energy Mix reported recently: “Permian Basin oil is a far better fit for the only U.S. refineries capable of handling more bitumen [tar sands oil], and will likely be for at least the next decade.” As an example of that preference, Exxon just announced plans to expand its Beaumount, Texas, refinery by 300,000 barrels per day, which would make it the largest refinery in America. This additional capacity is for light crude oil, not heavy Canadian oil. Still, American refineries are importing, and refining, record amounts of Canadian oil right now, but at massively discounted prices compared to average global oil prices, which helps lead to huge profits for American refiners. Yet another complication for tar sands producers is that, as The Energy Mix highlighted, “In reality, virtually every refinery in America that buys heavy crude is operating at full capacity. That is why there are no buyers willing to pay higher prices.” Economics 101. If supply is higher than demand, prices go down. And sellers in that market have to take whatever price they can get, even if that means selling at a loss. To help extract itself from this difficult situation, Canada is looking to build pipelines, such as the still-uncertain Trans Mountain pipeline expansion, to transport its landlocked oil to tidewaters, where companies theoretically can sell the oil to Asia's rapidly growing market. Read more here: https://www.desmogblog.com/2018/10/25/canadian-tar-sands-oil-financial-losses
Views: 328 DeSmog Blog
Public Access program, "A Growing Concern," featuring information regarding the ongoing resistance to Tar Sands oil production in Alberta Canada and the transportation of large pieces of mining and refining equipment from the west coast to Alberta Canada.
Views: 881 Jim Lockhart
Fort McMurray, Alberta is the epicenter of oil sands mining and people from around the world have flocked to find jobs. High wages have inflated the cost of living and some struggle to manage the money they make. Some people spend too much on entertainment or get caught up in drug use. Others, though, have found success and are building new lives in Fort McMurray.
Views: 65354 Washington Post