XL Pipeline Realities

[rubato]

You're hyperventilating dear. Without American technology (UOP) you would have nothing to sell.

yrs,
rubato

[Gob]

In the 10th century, the Arabian physician Masawaih al-Mardini (Mesue the Younger) wrote of his experiments in extracting oil from "some kind of bituminous shale". The first shale oil extraction patent was granted by the British Crown in 1684 to three people who had "found a way to extract and make great quantities of pitch, tarr, and oyle out of a sort of stone".

Modern industrial extraction of shale oil originated in France with the implementation of a process invented by Alexander Selligue in 1838, improved upon a decade later in Scotland using a process invented by James Young. During the late 19th century, plants were built in Australia, Brazil, Canada, and the United States. The 1894 invention of the Pumpherston retort, which was much less reliant on coal heat than its predecessors, marked the separation of the oil shale industry from the coal industry.

China (Manchuria), Estonia, New Zealand, South Africa, Spain, Sweden, and Switzerland began extracting shale oil in the early 20th century. However, crude oil discoveries in Texas during the 1920s and in the Middle East in the mid 20th century brought most oil shale industries to a halt. In 1944, the US recommenced shale oil extraction as part of its Synthetic Liquid Fuels Program. These industries continued until oil prices fell sharply in the 1980s. The last oil shale retort in the US, operated by Unocal Corporation, closed in 1991.

The US program was restarted in 2003, followed by a commercial leasing program in 2005 permitting the extraction of oil shale and oil sands on federal lands in accordance with the Energy Policy Act of 2005.

[Scooter]

You're hyperventilating dear.

You would be smart to leave the diagnosing to your wife.

And in case you haven't noticed, I haven't exactly been beating the drum in this thread at the prospect of selling dirty oil to anyone.

[Gob]

European Union officials are expected to vote on draft legislation that would label Canadian fuel as more polluting than oil from other parts of the world.

Oil extracted from "oil sands" is regarded by some as energy intensive and environmentally damaging.

The vote comes as native groups are suing the provincial and federal governments for breaching a treaty designed to preserve their way of life.

Officials are set to vote on the matter on 23 February.

The proposal from the EU's executive would include oil sands - also known as tar sands - in a ranking designed to inform buyers about the most carbon-intensive options.

The oil industry has argued the proposed legislation could create an unreasonable administrative burden.

Canada has some of the largest oil sand reserves in the world and its extraction is making the country and its people wealthy.


http://www.bbc.co.uk/news/science-environment-17102027

Edited to add;

The price of oil has reached its highest level since June last year due to rising tensions over Iran's nuclear programme.

Benchmark US light crude rose 1.7% to $105.01 a barrel and Brent crude futures rose $1.14 to $120.72 a barrel.

On Sunday, the country's oil ministry said it had halted oil sales to British and French companies.

The cost of fuel has also risen. In the UK the price of diesel has hit a new high, at 143.16 pence a litre.

The figures, from Experian Catalyst, also show the price of a litre of unleaded petrol has reached 135.39 pence.

Iran is the world's fifth-largest oil exporter.

The country insists its nuclear programme is peaceful, but the UN's International Atomic Energy Agency says it has information suggesting Iran has carried out tests "relevant to the development of a nuclear explosive device".


http://www.bbc.co.uk/news/business-17094275

[rubato]

The price of oil has reached its highest level since June last year due to rising tensions over Iran's nuclear programme.

yes!

Now there is a win-win.

yrs,
rubato