1. There is an exam this week.
2. Apparently, no one wants to develop the Lewis Shale.
3. PA has a new (less than a week old) fracking law that clearly overrides municipal home rule (large cities exempt), sets a tax rate of ~2.6% (TX = 5.4%) and includes some new environmental regulations. The entire article can be found here.
4. When compared to oil from conventional sources, the production of oil from the tar sands has many characteristics make it interesting:
estimated reserve volume
geographic location
EROEI
water and CO2 pollution
Canadianess
5. EROEI (Energy Returned On Energy Invested) is a useful way to not only compare energy from different types of resources but also different reserves within an energy source. The Alberta Tar Sands have a very low EROEI compared to other sources of petroleum (particularly petroleum from Middle Eastern conventional reserves). Why?
6. "Ethical Oil" is a marketing concept that attempts to distract people from the many environmental problems associated with oil from the Alberta Tar Sands by focusing on some of the very real sociopolitical problems endemic in many non-Canadian oil exporting countries.
7. The Keystone XL pipeline will facilitate the midstream transport of oil from the tar sands to US refineries on the Gulf Coast. Wednesday, we will discuss why the KXL pipeline is such a big deal.
Slides from lecture today are on Sakai. There will be no additional reading assignment for Wednesday.
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