Analysis: Gulf spill brings Canada's oil under scrutiny

08/11/2010 | Economist (free content), The

Consequences of BP's spill in the Gulf of Mexico have encouraged U.S. policymakers to take a closer look at production in Canada, the biggest supplier of foreign oil to the U.S. Much of Canada's oil is extracted from oil sands using a process much dirtier and more expensive compared with other sources, according to The Economist. Canada uses 20% of domestic natural gas to turn tar sands into crude oil. Because many companies extracting oil from Canada's tar sands are based in the U.S., efforts by Washington, D.C., to force changes likely will run into stiff opposition, the magazine notes.

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Economist (free content), The

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