These wilderness areas have remained relatively untouched until now, because of the enormous cost involved in extracting oil from them. But a combination of higher oil prices, new technology and American demand has made them profitable.
Please lads, look up the word "fungible". It isn\’t American demand driving the exploitation of tar sands. It\’s global demand.
Arnold Schwarzenegger has already declared that California will not import fuel whose production generates too many greenhouse gases over its life cycle, thus ruling out the use of tar sands oil.
Again, please look up the word "fungible". It doesn\’t actually matter what Arnie says. If traditional oil goes to California then others will consume the crude from tar sands. Doesn\’t make any damn difference at all.
The Canadian Goverment has refused to cap production. It will not clamp down on this lucrative trade unless the US, its main trading partner, changes its tune. The next president must make this a priority.
Can I recommend the word "fungible" again?