Canada's vast oil sands hide dirty environmental secret - 0 views
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anonymous on 27 Nov 08This Canadian oil is stable and reliable. It promises to substantially reduce America's future dependence on volatile Middle Eastern sources of oil. And much of it is profitable to produce even with oil prices hovering around $50 per barrel, which explains why some of the world's largest oil conglomerates have invested tens of billions of dollars here despite wild short-term swings in international oil prices. Free White Papers! But what few American consumers know as they routinely fill up their tanks is that this new petroleum bonanza, drawn from dense, tarry deposits known as oil sands, ranks as what environmentalists call the dirtiest oil on the planet. Extracting it causes widespread ecological damage - and could accelerate global warming.