Another Nail in the Kyoto Protocol Coffin --

Link to the Oil and Gas Journal.

A European Union technical committee handed Alberta producers a “small victory” by declining to declare fuels made from bitumen to be greater emitters of greenhouse gases than those from other types of crude oil.

The committee didn’t muster a majority in support of changes to the EU’s fuel quality directive that would raise costs of fuels originating in Alberta’s oil sands. But there was no majority in favor of killing the proposal, either.

Something tells me the Europeans are getting tired of Brent at $127/bbl. Gasoline in Norway costs $12/gallon, and Norway has an oil exploration and production industry which cannot be said for most other EU countries.