Dilbit is exempt from the tax, because the 1980 legislation that created the tax states that "the term crude oil does not include synthetic petroleum, e.g., shale oil, liquids from coal, tar sands, or biomass..."Interesting article at the link.
... the 1980 definition of crude oil dates back to a time when it wasn't financially feasible to produce tar sands oil on a large scale. The first sizeable shipments of dilbit into the U.S. didn't occur until 1999.
Thursday, August 2, 2012
Dilbit and Taxes
From InsideClimate News.com:
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