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But bitumen quotes is costly to refine, a potential environmental nightmare to extract, and right now, only a tiny fraction of the crude in either the Athabasca oil sands or the Orinoco Belt can be recovered. There's a lot of shale in North America, and the process to synthesize crude from shale is fairly old and well known. It is also water intensive, and not terribly economical right now (because most of the shale quotes is buried out West, where there is very little water). The technology is pretty well quotes established to make synthetic crude oil from coal (lots of North American coal too) or natural gas, or even turkey guts or pig manure – if the price is right. But none of that matters, because while synthetic crude, whether made from bitumen or natural gas, makes great diesel fuel, kerosene and fuel oil (some buses in Washington, D.C., for example, are powered by diesel synthesized from natural gas), it tends to make really lousy gasoline. Or very little gasoline. And I cannot emphasize enough – right now, gasoline is what everyone wants.
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