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Is the heavy crude ‘dilbit’ oil? Congress and the IRS say ‘no’

August 31, 2012 in The Dickinson Press

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. Continue Reading