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Bitumen and heavy crudes: the energy security problem solved?
Publication year - 2006
Publication title -
oil and energy trends
Language(s) - English
Resource type - Journals
eISSN - 1744-7992
pISSN - 0950-1045
DOI - 10.1111/j.1744-7992.2006.310603.x
Subject(s) - asphalt , appeal , natural resource economics , crude oil , business , production (economics) , oil reserves , oil sands , fossil fuel , petroleum engineering , petroleum , economics , waste management , geology , engineering , political science , law , geography , microeconomics , archaeology , paleontology
Amid concerns that oil production is close to its all‐time peak and worries that the world's reserves may prove insufficient to support the expected rise in demand, oil companies and politicians are advocating the development of the world's enormous untapped reserves of bitumen and extra‐heavy crude. The idea has particular appeal in the US, which claims the largest bitumen deposits anywhere in the world.