August 29, 2011

ROBERT SAMUELSON: Say “Yes” To Oil Sands. “We would be crazy to turn our back on this. In a global oil market repeatedly threatened by wars, revolutions, and natural and man-made disasters — and where government-owned oil companies control development of about three-quarters of known reserves — having dependable suppliers is no mean feat. We already import about half our oil, and Canada is our largest supplier with about 25 percent of imports. But its conventional fields are declining. Only oil sands can fill the gap.”

So, naturally: “Environmentalists are outraged.”

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