Publications
Tar Sands Oil Means High Gas Prices
By: Corporate Ethics International | Lorne Stockman
Published: May 2010
Tar sands (also known as oil sands) oil production is the most expensive oil production in the world. The Keystone XL pipeline will create significant over capacity for tar sands crude into the U.S. raising pipeline tariffs and adding to the already high cost of tar sands production. The growth in tar sands production needed to fill the Keystone XL pipeline will only occur if oil prices keep rising. Tar sands production exerts little if any influence over global oil prices because it maintains no spare production capacity. Tar sands production is a symptom of high oil prices and not a basis for lower prices.
Tagged with: keystone xl, pipeline, corporate ethics international, oil prices
