Oil Sands Truth: Shut Down the Tar Sands

Peak Oil

Peak Oil is starting to be understood across a broad spectrum, but the direct connection between peak oil, climate change and the American market-led attempt to squeeze all energy out of Alberta cannot be overstated. The smaller the global supply of oil gets, the more CO2 has been emitted and the more climate change will have advanced. This leads to more interest in the tar sands—because the profit margin goes ever higher the fewer alternatives there are for petroleum. Without Peak Oil bearing down on humanity, no economical reason would exist to produce this energy intensive, low-output petrol.

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Peak Oil is starting to be understood across a broad spectrum, but the direct connection between peak oil, climate change and the American market-led attempt to squeeze all energy out of Alberta cannot be overstated. The smaller the global supply of oil gets, the more CO₂ has been emitted and the more climate change will have advanced. This leads to more interest in the tar sands—because the profit margin goes ever higher the fewer alternatives there are for petroleum. Without Peak Oil bearing down on humanity, no economical reason would exist to produce this energy intensive, low-output petrol.

Climate Camp: Wat Tyler would have felt at home among the 'fluffys' in Blackheath

Climate Camp: Wat Tyler would have felt at home among the 'fluffys' in Blackheath
The green activists might be posh, says Ed West, but even the leaders of the Peasants' Revolt were "middle-class" by today's standards
By Ed West
29 Aug 2009

History records that in the year 2009, the peasants of England rose up in protest, marching on Blackheath to demand change in the kingdom. They came from up and down the land – from Crouch End and Hampstead, from Chiswick, Richmond and Notting Hill, and some even from Gstaad and Verbier.

BMO helped lift BP's tar sands skepticism

BMO helped lift BP's oilsands skepticism
Husky Partnership

Claudia Cattaneo, Financial Post Published: Thursday, January 31, 2008

CALGARY - The oilsands reached a new level of respect when BPPLC announced a basin-entry, US$11.7-billion partnership with Husky Energy Inc. in December.

The transaction surprised many because of BP's historic skepticism, under former CEO John Browne, towards Alberta's massive oilsands deposits.

Head in the Tar Sands? The New York Times Runs Anti-Peak Oil Op-Ed

Head in the Tar Sands? The New York Times Runs Anti-Peak Oil Op-Ed
BY Anya Kamenetz
Tue Aug 25, 2009 at 10:33 AM

Earlier this month, the world's chief energy economist told the UK Independent that global oil production was likely to peak in 10 years, with a "global energy crunch" starting as soon as next year.

Canada's bloody oil

UK companies are extracting oil from our traditional lands. We believe it's killing us – and that's why I'm attending Climate Camp
o George Poitras
o guardian.co.uk, Monday 24 August 2009

Opti on the block?

If Opti (begun by Ormat, Opti's Israeli parent company) were to be bought out by competing energy companies, that would essentially send their "cogeneration" climate intensive, garbage-burning form of production mainstream. It also leads to further consolidation of the majors in the tar sands, making opposition more difficult.

--M

Keep An Eye On This Oil Sands Company
By Joseph Nguyen
August 21, 2009

China, Venezuela, et al: Three energy deals, $78B

Three energy deals, $78B
August 18, 2009

While there's been a frenzy of deals in the alternative energy market, fossil fuels still dominate the numbers when it comes to consumption and investment from companies such as Exxon Mobil Corp. (NYSE:XOM). Note these three deals involving China and Australia, Russia and Venezuela, and Iran and Malaysia.

Canadian Oil Sands Trust (Largest member of Syncrude Consortium) Q2 earnings plummet 91%

Canadian Oil Sands Trust Q2 earnings plummet 91%
Carrie Tait, Financial Post
Tuesday, July 28, 2009

Tar Sands to Keep Gulf of Mexico Full of Supply

Canada, ultradeep water assure US Gulf oil supply
Tue Aug 18, 2009
By Bruce Nichols - Analysis

HOUSTON (Reuters) - Growing volumes of crude oil from Canada and the Gulf of Mexico should assure U.S. Gulf Coast refiners adequate supplies for years to come despite fast-declining imports from Mexico and Venezuela.

Exxon boosts Pegasus Pipeline to tar sands by 50%

Exxon boosts pipeline to oil sands by 50%
By Joe Carroll, Bloomberg
Aug 17, 2009

Exxon Mobil Corp., the world’s biggest oil refiner, boosted its capacity to transport crude from Canada’s oil sands to refineries in Texas and Louisiana.

Exxon Mobil increased the capacity of its 1,381-kilometre Pegasus Pipeline by 50% to about 96,000 barrels a day, the Irving, Tex.-based company said Wednesday in a statement.

Making sense of the disconnect in oil prices

Making sense of the disconnect in oil prices
By Deborah Yedlin, Calgary Herald
August 13, 2009

Oil prices edged over the $70 US per barrel mark again this week, staying at a level where they have spent most of August's trading days. But the relative strength being shown by oil prices is continuing to confound most observers.