Economics

It's important to know their rhetoric, but given the lack of other natural gas sources available and the massive energy needs for the expansion of the tar sands as planned by the Governments of Alberta, Canada and the US (along with the major oil corporations and the Department of Energy) this is going to be used by one pipeline to prod the other, to get concessions, and to overall "grease the process" in order to make this pipeline or that pipeline happen faster.

STATEMENT OF THE LUBICON LAKE INDIAN NATION AT THE PREHEARING MEETING OF THE ALBERTA UTILITIES COMMISSION ON APPLICATION 1551990 OF NOVA GAS TRANSMISSION LTD, A WHOLLY OWNED SUBSIDIARY OF THE TRANSCANADA CORPORATION, TO BUILD A 42-INCH DIAMETER GAS PIPELINE CALLED THE NORTH CENTRAL CORRIDOR PIPELINE ACROSS UNCEDED LUBICON LAND WITHOUT LUBICON CONSENT

April 14, 2008

Introduction

U.S. on 'monorail with a cliff at the end,' UA prof warns

The Arizona Republic
Apr. 13, 2008 10:37 PM
Guy R. McPherson is professor of conservation biology at the University of Arizona.

McPherson was the guest last week on Live Talk Wednesday, discussing dwindling oil supplies and what awaits the American Empire. Here are excerpts from the interview, which can be found in its entirety at aztalk.azcentral.com.

The rise of the new energy world order
Apr 17, 2008
By Michael T Klare

Oil prices hit 114 dollars a barrel

5 hours ago

Crude oil prices rose to a new record above 114 US dollars a barrel as investors opted for commodities over a weaker dollar.

Light, sweet crude for May delivery reached 114.53 dollars in electronic trading on the New York Mercantile Exchange before falling back slightly.

The latest spike followed on from Tuesday's record-breaking run above the 113-dollar mark.

Enbridge gets approval to expand oil pipeline
Apr 16, 2008 04:30 AM

Enbridge Inc., Canada's largest pipeline company, has received regulatory approval to expand an existing oil pipeline in Alberta to reduce the chance of a bottleneck as tar-sands output rises.

The expansion's capacity will be 880,000 barrels a day, Canada's National Energy Board said yesterday in a written decision on the agency's website. Attached to the approval were 15 conditions, including a requirement to file an environmental protection plan before starting work.

Suncor Energy reports oil sands production numbers for March 2008

CALGARY, April 3, 2008 /PRNewswire-FirstCall via COMTEX/ -- Suncor Energy Inc. reported today that production at its oil sands facility during March averaged approximately 248,000 barrels per day (bpd). Year-to-date oil sands production at the end of March averaged approximately 247,000 bpd. Suncor is targeting average oil sands production of 275,000 to 300,000 bpd in 2008.

Tribes, landowners in the Dakotas face down giant pipeline
Posted: April 11, 2008
by: Stephanie Woodard

State Department hands out tobacco, stirs anxiety

STATEN ISLAND, N.Y. - Unease appears to be growing in North and South Dakota over imminent construction of the 2,000-mile Keystone Pipeline, which would transport oil from northern Canada across seven U.S. states from North Dakota to Oklahoma.

BP, ConocoPhillips team up on North Slope gas pipeline
Last Updated: Tuesday, April 8, 2008 | 3:56 PM CT
The Canadian Press

Two of the world's largest oil companies announced plans Tuesday to jointly develop a multibillion-dollar natural gas pipeline to move North Slope natural gas to U.S. markets through Canada.

Britain's BP PLC and ConocoPhillips, based in Houston, said they plan to spend $600 million US in the first phase of the project over the next three years.

Canada is in the middle of a quiet oil boom
Tar sands, long too expensive to process, help make it major U.S. source
By Peter Klein
CNBC
updated 2:29 p.m. MT, Mon., April. 7, 2008

Ft. McMurray, Alberta - With oil prices hovering near a hundred dollars a barrel, there’s a major oil boom underway. It’s not happening in the sweltering heat of Texas or the dry desert of Saudi Arabia, but on the frozen Canadian tundra where oil producers are developing a new source of fossil fuel.