Search Results:
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What research and development is the oil industry doing into renewable energies and what is their plan to cut carbon emissions?
Answer:
To start, oil and natural gas companies are closely managing their own energy use. One strategy involves heat and power technology that turns waste heat into energy, reducing energy consumption and emissions. The most recent data from the U.S. Energy Information Administration show that CO2 greenhouse emissions from U.S. industry, including oil and natural gas companies, have declined and were actually below 1990 levels.
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Does it require more energy to produce oil sands crude than the development actually yields?
Answer:
No. According to the Canadian Association of Petroleum Producers, the oil sands process produces six to 10 British Thermal Units (BTU) of energy for every one BTU that goes into steam-assisted gravity drainage (SAGD), the primary method of oil sands extraction. Therefore, the overall energy yield of oil sands production far exceeds the energy that goes into producing it.
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How many pipelines do we have in the United States?
Answer:
The nation’s 170,000 miles of petroleum transmission pipelines are the primary means of moving crude oil, gasoline, diesel fuel and other petroleum products to consumer markets. They move crude oil from oil fields on land and offshore to refineries where it is turned into fuels and other products, then from the refineries to terminals where fuels are trucked to retail outlets. The oil and gas industry remains committed to continuous improvement in pipeline safety, while efficiently delivering more than 70 percent of the petroleum needed to run our country each year.
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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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Will China purchase Canada's oil sands crude if the Keystone XL pipeline isn’t built?
Answer:
Following Pres. Obama's decision to reject the Keystone XL permit, Canadian Prime Minister Stephen Harper is looking to ship oil sands crude to Asian markets and met with Chinese President Hu Jintao in February 2012.
Shipping oil sands to Asian markets is a loss for American job creation, the U.S. economy and overall U.S. energy security for years to come.
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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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Shouldn’t the United States be transitioning away from oil?
Answer:
According to the U.S. Energy Information Administration (EIA), U.S. energy demand will increase by 9 percent by 2035, with more than half of the energy demand expected to be met by oil and natural gas, as is the case today.
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The federal government says U.S. domestic oil production has increased since 2007. Why do we need even more drilling?
Answer:
While it is true that domestic oil and natural gas production has increased since 2007, the U.S. Energy Information Administration (EIA) projects that the world’s demand for energy will increase by nearly 50 percent by 2035―with oil and natural gas expected to supply 52 percent of that energy.
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How much oil and natural gas is left in the United States?
Answer:
The United States has enough oil and natural gas resources to power 65 million cars for 60 years and heat 60 million households for 160 years. In fact, with increased access and Keystone XL pipeline approval, 100 percent of America’s liquid fuel needs could be met by the United States and Canada. Despite misleading rhetoric, energy security is attainable.
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