Quote:
Originally Posted by Tinordi
Well, new supply is not as emission intensive as some oilsands oil. The Bakken shale for example, boosted by increased prices from restrained WCS imports, would see its production increase, as with tight oil reserves in California. Tight oil is estimated to be about 10% less GHG intensive than SAGD.
So you could very credibly say that marginally increasing prices would lead to less GHG intensive new production.
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Is Bakken really less GHG emitting than SAGD? I thought it would be similar. And you are missing the more intensive sources of Venezualan and Russian heavy oil with no or little government emission monitoring. If either of these jurisdictions (mainly russia) were to burn coal to produce steam to produce heavy oil it would be cheaper and greater emissions.