The Death of Tar Sands Oil
Former Prime Minister Harper put all of Canada’s eggs in the oil basket. He bet the farm and lost. The price of oil plummeted as the USA embraced fracking and became Canada’s competitor instead of customer. Saudi Arabia dropped oil prices to 25% of what they were. Competing clean energies such as solar and wind rapidly dropped in cost. Canada’s tar sands oil is very expensive to produce. We could not even afford to produce it at 0 profit. To cap it off Obama killed the Keystone pipeline, (though Trump revived it).
In addition environmental concerns rose, both the contaminating of soils and rivers and also CO₂ emissions that cause climate change.
Canada’s tar sands oil is both extremely dirty and extremely expensive.
~ Roedy (1948-02-04 age:70)
- it releases huge amounts of CO₂ in extraction.
- it consumes huge amounts of water and energy to create the steam for extraction.
- it pollutes rivers more than other types of oil extraction.
- the final product is impure. It needs a lot more processing.
- You would only use it only when you are running low on cleaner, cheaper energy. Nobody is going to want our oil until the price of oil goes above $100 a barrel and cleaner oil becomes rare.