Wednesday, May 19, 2010

Less offshore drilling means...

...more reliance on the Canadian oil sands, among other things. Today's NYT reports that the tar sands could be over 1/3 of US imports by 2030. Hopefully by 2030 increased reliance on domestic natural gas will cut demand for imported oil so that number won't be as high as it would be today, but we're still talking a considerable amount of fuel. While terrestrial sources don't come with the same type of risks as offshore platforms, the oil sands have plenty of negative environmental consequences as it is. Environmental groups note that mining and processing the tar into usable oil is energy and water-intensive, contributes to some serious deforestation, and produces large amounts of pretty nasty waste. Others point out that Venezuelan and Mexican oil similarly require large amounts of processing, making them not much better environmentally.

As a side note, the article also quotes Daniel Yergin, who appears on one of the homeworks for this class. Hm, how can I work him in again?