Monday, April 30, 2012

U.S. "dirty oil" imports set to triple

http://money.cnn.com/2012/04/30/news/economy/oil-imports/index.htm?hpt=hp_t2

The US imports over half a million barrels of oil from Canada a day.  The oil we get is Bitumen, which is a heavy, tar-like oil that has to be heavily processed in order to become crude oil.  By 2020, it is expected that we are supposed to import three times the number we do today from Canada meaning we are going to have a lot more "dirty oil."  This is the main reason people are objecting the Keystone XL Pipeline because it will be carrying the bitumen.  People are claiming that this bitumen oil is way more dangerous than plain crude oil.

I do not have a problem with importing bitumen oil from Canada as long as the oil is useful.  Bitumen is able to be cleaned and processed to become crude oil, it just takes a little more work.  If we have to start importing more of it, then lets do so because with more oil means less oil prices.  Its simply supply and demand.  As long as bitumen does not cause any harm to people, I am completely for it.  I mean we have been using it all along, why should we go away from it now?

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