Further the number of gallons of gasoline produced per barrel heavy crude oil is lower than for light crude oils.
So producing more crude oil, if it is heavy crude oil, will not result automatically in more gasoline or other high value end products.
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Right now, biodiesel is a growing industry but hasn't made an appreciable dent on the global dependence on heavy crude oil, from which diesel fuel is processed.
One positive caveat: Prices for Canadian Heavy are discounted now because of the shortage of pipeline capacity for carrying heavy oil sands crude out of western Canada.
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By then many refiners will have expanded and upgraded to take not only heavy crude but also synthetic crude from Canada's oil sands.
Further, heavy crude oils do not produce as much gasoline or fuel oil as light crude oil.
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Kloza said much of the expansion would come along the Gulf of Mexico and in the Midwest, an ideal spot to process heavy crude from Canada's emerging oil sand deposits.
Light sweet crude is depleting quickly, and now the industry is going after heavy crude and tar sands and thermally enhanced oil.
The solar steam is being injected into wells to make it easier to extract heavy crude from a 120-year-old oil field in the Central Valley town of Coalinga.
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The majority new oil being developed are heavy, sour crude oils which have a high sulfur content, high viscosity, and high density.
Energy shares took an especially heavy hit in Asia after benchmark U.S. crude-oil futures plunged 2.6% in New York trading Thursday.
The Saudis had 1.5 million bpd of spare production capacity--oil spigots on standby--and it was less desirable heavy crude.
Meantime, crude oil prices were sharply lower in a late sell off Monday on heavy profit taking.
World crude oil production has in some cases already peaked (sweet, light) while others (heavy, sour) it has yet to be will soon.
Early safe-haven buying gave way to heavy selling pressure that was due to strong gains in the U.S. dollar index, sharp losses in crude oil and other commodity markets, profit-taking pressure and weak-handed long liquidation.
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