Drilling ban may help oil sands

The Macondo blowout in the Gulf of Mexico and resulting ban on deepwater drilling in US waters may prove a boon for Canadian oil producers, said Marin Katusa, chief energy strategist of Casey Research, a privately owned provider of subscription financial analysis.Already, he said, "One in every six barrels of oil consumed daily in the US comes from the oil sands in Alberta." That could escalate if the US government opts for more imports instead of drilling for oil and gas in deep US waters. The Energy Information Administration said US oil production likely will be down 82,000 b/d next year because of delayed or canceled drilling due the moratorium. Monthly production losses cou...

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