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.

Canada's oil patch open for Chinese business: Flaherty

Canada's oil patch open for Chinese business: Flaherty
By Jorge Barrera, the Financial Post
August 10, 2009

Jim Flaherty, Canada's finance minister, speaks at the opening of a Bank of Montreal branch in Beijing, China, on Monday. Canada wants Chinese state-run entities such as China Investment Corp. to consider North American listings.

Skidding oil sends Suncor into red

Skidding oil sends Suncor into red
Investors stay focused on $22.5-billion Petro-Canada takeover
Edmonton Journal
July 23, 2009

Suncor Energy sank into the red in the second quarter as skidding oil prices, hedging losses and costs related to project deferrals marred the last reporting period before it closes its $22.5-billion takeover of Petro-Canada.

CEO Rick George said his company will move ahead with major investments after the takeover, and jettison assets by focusing on projects that offer the lowest risk, highest returns and near-term cash flow.

Suncor Energy Reports Production Numbers for July 2009

Suncor Energy Reports Oil Sands Production Numbers for July 2009
Market Wire

CALGARY, ALBERTA--(Marketwire - Aug. 6, 2009) - Suncor Energy Inc. reported today that production at its oil sands facility during July averaged approximately 304,000 barrels per day (bpd). Year-to-date oil sands production at the end of July averaged approximately 292,000 bpd. Suncor is targeting average oil sands production of 300,000 bpd (+5%/-10%) in 2009.

Open letter calls for renegotiating NAFTA and an end to SPP ahead of summit

Open letter calls for renegotiating NAFTA and an end to SPP ahead of summit
By Staff

Common Frontiers, a network of church, labour, environmental, and civil society groups, and the Réseau québcois sur l’Intégration continentale have sent the following open letter to Prime Minister Stephen Harper ahead of his summit next week with U.S president Barack Obama and Mexican president Felipe Calderón in Guadalajara, Mexico:

An Open Letter To Prime Minister Stephen Harper Re: North American Leaders Summit

Dear Prime Minister Harper,

The tar sands pipeline and Obama’s carbon commitments

The tar sands pipeline and Obama’s carbon commitments
August 11, 2009
by Sheila McNulty

The Obama Administration has made a big show about its desire to cut greenhouse gas emissions.

But actions speak louder than words.

Environmentalists want to see the Administration underline its commitment to reduce carbon by rejecting a permit for a pipeline carrying fuel for Canada’s carbon-intensive oil sands into the US.

Canada's dirty oil may disrupt Obama's clean energy plans

Canada's dirty oil may disrupt Obama's clean energy plans
August 10
John Guerrerio

Trading our dependence upon 'bloody oil' for 'dirty oil' does not solve the problem.

Catastrophic shortfalls threaten economic recovery, says world's top energy economist

Catastrophic shortfalls threaten economic recovery, says world's top
energy economist

by Steve Connor, Science Editor

The Independent (August 03 2009)

The world is heading for a catastrophic energy crunch that could cripple a
global economic recovery because most of the major oil fields in the world
have passed their peak production, a leading energy economist has warned.

Higher oil prices brought on by a rapid increase in demand and a
stagnation, or even decline, in supply could blow any recovery off course,

Canadians want tar sands production cut

Canadians want oil sands production cut

Survey respondents also want to see provinces – not just Ottawa – at coming climate-change talks in Copenhagen
Brian Laghi

Globe and Mail
Aug. 03, 2009

Provincial premiers will meet in Regina this week amid new poll results that show a majority of Canadians think oil sands production should be cut as Canada grapples with reducing greenhouse gases.

Global Peak Oil In 10 Years - IEA Sounds Alarm

by Energy Matters bookmark or share this page follow us on twitter

Global peak oil rapidly approaching
In an interview with the UK's The Independent, Dr Fatih Birol, the chief economist at the International Energy Agency (IEA), sounded an alarm that global oil production is likely to peak in around 10 years; far earlier than most governments had foreseen. The International Energy Agency is an intergovernmental organisation which acts as energy policy advisor to 28 member countries, including Australia.

Palin's Pipeline: Clean Energy for the Lower 48 or Power for the Tar Sands?

Palin's Pipeline: Clean Energy for the Lower 48 or Power for the Tar Sands?
by Abby Schultz - Jun 29th, 2009

Where the natural gas from the Alaska Natural Gas Pipeline will end up is a murky question tied up in a 30-year-old treaty, expansion of Canadian tar sands operations, and trends in natural gas supplies both in the United States and in Canada.