The oil industry has often said that dilbit, a heavy crude oil from Canada’s tar sands, isn’t much different from conventional crude oil. But when it comes to paying into a federal fund used to clean up oil spills, it’s different enough to deserve a sizeable tax break.
North Dakota’s unexpected oil boom has triggered a surprising development that people outside the industry have yet to grasp: U.S. domestic crude oil must now compete with Canadian imports for space on the nation’s pipeline system.
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