Heavy Oil - What is It?

The simplest explanation for the question is this: Heavy$80 US dollars.
Oil is any type of unrefined crude oil which is just tooRecently, newly developed technology is enabling the
thick (viscous) to flow easily. In order to make thereduction of both water and natural gas use which
heavy oil flow, a type of thinner or "diluent" is used togoes a long way towards answering some of the oil
reduce the viscosity (thickness) and allow the nowindustry's critics. Some critics however take an
diluted oil to flow through a pipeline to an oil refinery.ideological stance about the destructiveness of the oil
Heavy oil deposits are found in over 30 countriesand gas industry and are not satisfied. Nevertheless
around the world with the largest deposit being foundnew technologies like "Solvent Extraction" which
near Orinoco, Venezuela. Canada also has largeeliminates the use of water,steam and heat from the
deposits in North Eastern Alberta around the boomingextraction process, and "ElectroThermal" technology
small city of Fort McMurray. The exploitation of thiswhich gradually warms the bitumen while "in situ"(in the
key energy supply called variously Energy Sands, Oilground) thereby easing the oil extraction and reducing
Sands, or Tar Sands has generated a lot ofgreenhouse gas emissions. To be fair, these are small
controversy and protestations throughout the world.companies that are coming up with new ways of
Traditionally, heavy oil production consisted of stripextracting heavy oil and account for a small fraction of
mining where the sands containing an oil bearingthe roughly one million barrels per day of heavy crude
substance named "Bitumen" were dug up in vastoil produced in the Energy Sands region. The larger
swaths denuding the land and were then injected withcompanies to date have not been nearly as
hot water or steam to separate the heavy crude oilaggressive in adopting new technology.
from the sand byproduct. Environmental groups haveToday heavy oil is an important natural resource which
long derided this practice as being wasteful andaccounts for nearly one quarter of North Americas
destructive as the land itself was first dug up, thenfuel supply. As a safe and secure oil reserve the
natural gas was used to heat the water. Criticsfuture of this industry will remain strong although the
complained that this method of oil recovery was toolarger oil companies are likely to continue to face
resource intensive, and indeed it is an expensivecriticism and protestations for their seeming
process. Experts say that in order to be profitable theindifference to public concerns.
Energy Sands need an oil price per barrel of about