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Won’t Canadian oil just be exported to other countries after it is refined here? How does that provide the U.S. with any economic benefit?
Answer:
Currently, more than 90 percent of the on-road transportation fuel refined in the United States is used in America. The less than 10 percent of on-road motor fuel that is exported consists primarily of heavier products that aren’t in high demand here. There’s no evidence this ratio will change with increased supplies of oil sands crude.
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Won’t most of the Keystone XL pipeline jobs be short-term?
Answer:
The Keystone XL pipeline is the largest shovel-ready project around, but the construction and permanent jobs it would create get little credit from people who oppose the pipeline or the Canadian oil sands crude it would carry. TransCanada has reported that the Keystone XL project will create 20,000 new jobs, and has even broken down that number to account for the welders and clerks that the project requires.
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Does the extraction and use of oil sands crude produce more greenhouse gas emissions than that of other kinds of oil?
Answer:
Oil sands extraction and processing―like all minerals development―requires energy, which results in greenhouse gas (GHG) emissions. However, on a life cycle (or well-to-wheels) basis, emissions from Canadian oil sands are comparable with other crudes refined in the United States. The average for oil sands imported into the United States is only 6 percent higher than the average crude consumed in the United States. Between 70 and 80 percent of GHG emissions come when fuel is burned.
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Does the oil sands production process permanently damage the land on which it takes place?
Answer:
By law, oil sands development areas have to be restored to their natural state by Canadian companies operating there. Moreover, $2 billion investments have been made in carbon capture and storage technology to further reduce GHG emissions. Canadian oil producers and the government have laid out a comprehensive strategy to protect the environment while extracting oil sands.
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How important is oil sands to America’s energy future?
Answer:
Our nation needs more supplies of all energy sources―including oil and natural gas―to meet growing energy demand and provide consumers with reliable fuel supplies.
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How is oil sands crude obtained, and how is it processed?
Answer:
Oil sands are naturally-occurring geologic formations that contain a mixture of water, clay, sand and thick, heavy oil called bitumen. Oil sands are found throughout the world, including in Canada, our neighbor to the North. Currently, there are two different methods used to produce oil sands―surface mining and in-situ.
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What has the industry done since the Deepwater Horizon accident to make offshore drilling safer?
Answer:
Following the Gulf oil spill, the industry has taken several steps to improve safety mechanisms, including joining forces to build and deploy a rapid-response containment system. This system is pre-engineered, constructed, tested and ready for rapid deployment in the deepwater Gulf of Mexico. Its primary objective is to contain spilled oil with no flow to the sea.
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Does fracking cause earthquakes?
Answer:
There is no known evidence that hydraulic fracturing causes earthquakes. Hydraulic fracturing is a safe and well-regulated technology that has been used for more than 60 years in more than one million wells. Critics who say that fracking caused recent Ohio seismic activity have no scientific evidence to support their claims.
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Shouldn’t the federal government be more involved in regulating hydraulic fracturing?
Answer:
A comprehensive set of federal, state and local laws laws address hydraulic fracturing operations. These include well design, location, spacing, operation, water and waste management and disposal, air emissions, wildlife protection, surface impacts, and health and safety.
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What do oil company earnings have to do with energy security?
Answer:
It’s important to acknowledge that America’s oil and natural gas industry is one of the world’s largest and most capital-intensive industries. Companies routinely invest billions of dollars each quarter into exploration, research, development and technology.
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What do oil companies do with their earnings?
Answer:
Earnings – what’s left after payrolls and other operating expenses are paid for – basically go two places. Of every dollar earned, 56 cents goes to shareholders and 44 cents goes to government in the form of income taxes. Shareholders include Americans with mutual funds, individual investments, pension funds and IRAs. Taxes at the national and state level help meet a number of public needs, including funding for roads, schools, parks and more.
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