The Mooresie

Energy Bill II could reap a bitter harvest

While making practically no dent in the energy shortage, both energy bills have gone a long way to deprive America’s huge agricultural exports of the tens of billions of revenues that farm goods provided the U.S. export sector.
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Now we’re finding out that imports of oil converted from Canadian tar sands may be endangered. These account for 350,000 barrels of oil per day, scheduled to grow to 500,000 in the not too distant future. But according to the stricter greenhouse gas emissions embedded in December’s Energy Bill II, oil made from tar sands may not meet the required standards.