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Eastern Utah may see tar sand production begin later this year. A private company, the Alberta-based U.S. Oil Sands, has invested $6 million since 2005 to test the oil sands at its 6,000-acre lease in eastern Utah and develop pilot projects on state land. They were granted preliminary permits to begin production in 2009, and have been raising capital and developing plans to begin production. “We would expect to hopefully to have this up and running by about September of next year,” said Cameron Todd, CEO of U.S. Oil Sands. The Bureau of Land Management estimates that the sands could… [more]View Insight
Earlier this year, the Obama Administration announced that it would be delaying its decision on the Keystone XL pipeline until after the 2012 election, drawing criticism from some pipeline proponents. In negotiating the FY2012 spending bill, the House and Senate have included language that would require the Administration to decide on the pipeline within 60 days. Republican lawmakers have made the Keystone XL pipeline issue a centerpiece of the spending negotiations. Senator Charles Schumer (D-NY) described his party’s spending-debate concessions on this issue as “giving the sleeves off a vest” because the State Department has said that they will withhold… [more]View Insight