Economics

by Carola Hoyos and Javier Blas in London

Financial Times FT.com (October 28 2008)

Output from the world's oilfields is declining faster than previously
thought, the first authoritative public study of the biggest fields shows.

Without extra investment to raise production, the natural annual rate of
output decline is 9.1 per cent, the International Energy Agency says in
its annual report, the World Energy Outlook, a draft of which has been
obtained by the Financial Times.

The findings suggest the world will struggle to produce enough oil to

Deputy Premier aims to increase trade with Middle East

Edmonton... Alberta Deputy Premier and Minister of International and Intergovernmental Relations Ron Stevens will support a delegation of 30 Alberta companies to the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), the largest oil and gas conference in the Middle East.

The four-day conference brings together more than 1,800 exhibitors from around the world, featuring 200 international speakers and is one of the highlights of the Oct. 30 to Nov. 14 mission.

The Guardian October 29, 2008

Biocapacity

World is facing a natural resources crisis worse than financial crunch

Two planets need by 2030 at this rate, warns report
Humans using 30% more resources than sustainable

Juliette Jowit

The world is heading for an "ecological credit crunch" far worse than
the current financial crisis because humans are over-using the natural
resources of the planet, an international study warns today.

The Living Planet report calculates that humans are using 30% more

Maple Leaf poultry plant plucks more than chickens

Abuse of Temporary Foreign Workers underlies labour dispute

EDMONTON, Oct. 7 /CNW/ - Maple Leaf Foods' misuse of the temporary
foreign worker (TFW) program is an attempt to maintain an artificially low
wage in their poultry plant according to the United Food and Commercial
Workers Local 1118 and is a key element in the ongoing strike at the plant.
"Canadians were assured by the government that TFWs would always be paid
fair market wages and promised that employers like Maple Leaf would not be

Late-day selloff sinks TSX
STEVE LADURANTAYE
Globe and Mail Update
October 27, 2008

A late-day selloff in financial, energy and mining stocks pushed the S&P/TSX to a deep loss Monday, even as commodities recovered from earlier losses.

The S&P/TSX tumbled 8.1 per cent, or 756.75 points, to 8,537.34 points, its lowest close in four years. Manulife Financial, which may need to raise capital to appease regulators, led the downward charge with a loss of 15.3 per cent.

VANCOUVER, B.C. — Activists met in Vancouver Sunday to talk strategy around
resisting the 2010 Winter Olympic Games.

While opposition to the Games has been steady since before Vancouver won
them in 2003, protests are usually connected to a single of the many issues
around them.

But dozens gathered at the one-day conference to focus on converging
Canada's diverse activist community under one banner for the Games.

"It's important to use to connect with each other," said conference
participant Phillipa Ryan.

"Our humanity needs to be respected."

Keep in mind: Nexen waste burning "co-generation" will create up to EIGHT TIMES the C02 and other greenhouse gas emissions footprint of a regular pump jack.

--M

Long Lake partners praised for efforts
Calgary Herald
October 26, 2008

All but 10 per cent of the water is to be recycled. The project will have ponds, but not giant tailings ponds like those at mining projects such as Syncrude Canada, Suncor Energy and Shell's Athabasca Oil Sands Project.

Quick Sand: Credit Crunch and Falling Oil Hit Oil-Sands Projects
October 24, 2008, Wall Street Journal
Posted by Keith Johnson

From Canada, more signs that the oil industry is starting to feel pinched.

Two big Canadian oil-sands producers are delaying oil-production projects and scaling back capital expenditure. Suncor and Petro-Canada both pushed back plans to install “upgraders” that can turn tar sands into crude oil.

Canada oil sands slowdown may halt runaway costs
10.24.08
Canada - By Jeffrey Jones

CALGARY, Alberta (Reuters) - A slowdown in spending on multibillion-dollar projects to develop Canada's oil sands, one of the world's largest deposits of crude, should help cure one ailment the industry has so far been unable to shake: runaway inflation.

Enbridge weighs stake for aboriginals
From Herald News Services
Published: Saturday, October 25, 2008

Enbridge Inc. is considering offering aboriginal groups an equity stake in its planned 525,000-barrel-a-day Northern Gateway oilsands export pipeline in order to secure support for the project, a company official said Friday.

Enbridge, Canada's No. 2 pipeline company, is still working out details of how large a stake it would offer to native communities along the pipeline's route. As well, it has to firm up how any such stake would be financed.