Ecuador court gives green light for Silvercorp, Salazar’s El Domo project
The ruling removes the last major obstacle for the $250 million project, located 150 km northeast of Guayaquil.
Republican congressmen on the House of Representatives Energy and Commerce Committee are circulating an industry report favourable to the Canadian oil sands and cross-border energy infrastructure.
The report considers oil from the Canadian tar sands critical to America’s energy mix and North American energy independence, and suggests that greenhouse gas levels used in the production of crude Canadian petroleum are lower or equal to petroleum imported to the US from other countries.
“[Industry] growth has made oil sands the single largest source of U.S. oil imports and also a key source of global supply growth that could account for 16 percent of all new oil production by 2030,” said Kevin Birn of IHS.
“The Keystone XL pipeline and other cross-border energy infrastructure projects are needed to transport Canadian energy supplies to U.S. markets and vice-versa,” the Energy and Commerce Committee said in a statement.
3 Comments
trevormarr
This is GREAT for all North America!!! Let’s get busy, productive and innovative!!! Success breeds success!!!
LAMB
We have to cut across the Politics involved between the various Political Parties and consolidate our energy resources in North America for the good of North America, otherwise, we will forever be dependent on Foreign off-shore sources which may in the future, come from hostile sources. Global trade cannot make up for the loss of independent home-grown Energy Sources.
Note that China is moving swiftly to tie up all kinds of resources, including OIL. And as we all know, OIL is critical to maintaining a robust economy (and please, don’t tell me we should all start using Electric Cars – where does the energy come from to produce that electricity??).
Ray
I agree with Lamb and Trevormarr, America should move on with this program or risk loosing the option of a secure supply, There is a strong possibility for this product to head overseas!!