Alberta’s oil sands producers and their U.S. refiners face sharply higher costs to slash greenhouse gas emissions under legislation approved by the U.S. House of Representatives and championed by U.S. President Barack Obama. For full story, click here
Can you imagine a future with a lot more heavy oil refineries processing oil sands, but with no or little rise in greenhouse gases? President Obama can. For full story, click here
The issue of Canada’s carbon-heavy oil sands may be stickier than ever as Barack Obama readies for his lightning visit to Ottawa tomorrow. For full story, click here
Petroleum extracted from tar sands in Canada may provide the first foreign-policy test for President Barack Obama’s environmental agenda. For full story, click here
Canadian Natural Resources Ltd. does not expect Barack Obama to implement policies that would crush Alberta’s oil sands industry. Réal Cusson, senior vice-president of marketing, Canadian Natural Resources, said: There’s always a difference between what’s been said in a campaign versus the realities of governing. We believe the Canadian barrels are friendly barrels right next door [...]
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market news The short to medium term outlook for oil sands and heavy oil projects remains negative. As the barrel price for light sweet crude remains (relatively) low, new investments in oil sands projects are unlikely to be forthcoming. The combination of low prices and [...]
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Canada: Upgrader is going up later than usual this week because of the Canadian Federal Election and the American Presidential debate. Now that these two events are a matter of record, there is much good news for the heavy oil and oil sands industries. First, [...]
By Duncan Sutherland- Exclusive to Heavy Oil Investing News Senator and Presidential candidate Barack Obama has announced that his administration would release light crude oil from the nation’s Strategic Petroleum Reserve and restock the inventory with heavy crude. Many have criticized the US government for continuing to stock the reserve with oil prices so high, [...]
Barack Obama has suggested to swap light oil for heavy oil in the Strategic Petroleum Reserve. For more news, click here
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