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The Conservative government of Prime Minister Stephen Harper and oil executives have consistently claimed that the dirty Alberta tar sands oil, the Canadian petro state and the proposed Keystone XL pipeline are a boon to U.S. energy security. Here are seven reasons why this isn’t the case:
1. Tar sands cannot break the power of OPEC. The oil cartel, the Organization of the Petroleum Exporting Countries (OPEC), controls the world market for oil, and this will remain true with or without tar sands. The International Energy Agency forecasts show that OPEC’s share of the market is set to increase with or without tar sands growth. Even if the United States were to greatly increase its consumption of tar sands oil, it would not change the dynamic of the market or challenge OPEC control.
U.S. President Barack Obama in this week’s Weekly Address: “We’re finally poised to take control of our energy future”. We hope Canada’s dirty tar sands and TransCanada Corp’s Keystone XL pipeline aren’t part of deal.
Video cross-posted on Obiemedia.tumblr.com.
A few related great reads, suggested by Obert Madondo: