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Exxon Mobil Corporation Message Board

  • low_mac low_mac Feb 18, 2013 11:23 AM Flag

    Obama Faces Risks in Pipeline Decision

    President Obama faces a knotty decision in whether to approve the much-delayed Keystone oil pipeline: a choice between alienating environmental advocates who overwhelmingly supported his candidacy or causing a deep and perhaps lasting rift with Canada.

    http://www.cnbc.com/id/100466796

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    • If every barrel of the oil-sands resource is produced – a near-certain impossibility that would see some 1.8 trillion barrels, seven times the size of Saudi Arabia’s current reserves, brought out – it would raise global temperatures by one-third of a degree.

      By comparison, burning all of the world’s enormous coal resources would raise temperatures 15 degrees, while consuming the new global bounty of shale gas would produce a lift of just under 3 degrees. (Using up economically accessible reserves of natural gas and coal will raise temperatures 0.16 and 0.9 degrees, respectively.)

 
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