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.

US Refinery Investments Align With Tar Sands Supplies to 2015

US Refinery Investments Align With Oil Sands Supplies to 2015
Posted on: Thursday, 18 September 2008
By Sword, Lindsay

The Contagion Spreads-- Producers Re-think Tar Sands

THE CONTAGION SPREADS
ALBERTA: As crude prices fall and banks tighten the purse strings, producers forced to weigh their options
NORVAL SCOTT AND DAVID EBNER
September 17, 2008

CALGARY and VANCOUVER -- As the U.S. banking crisis boosts borrowing costs and crude prices plummet on global demand fears, the economics of building oil sands projects are coming under pressure.

Boston ASPO: The Canadian tar sands

2006 Boston ASPO: The Canadian tar sands
Whiskey & Gunpowder / Energy Bulletin
November 13, 2006
By Byron W. King

Were you ever out in the Great Alone, when the moon was awful clear, And the icy mountains hemmed you in with a silence you most could hear; With only the howl of a timber wolf, and you camped there in the cold, A half-dead thing in a stark, dead world, clean mad for the muck called gold.

Petrocan talking itself out of tar sands (The Massive Fort Hills Project)

Petrocan talking itself out of oil sands

Andrew Willis, September 17, 2008 at 9:09 AM EDT
Petro-Canada is talking itself out of the Fort Hills oil sands project.

The latest cost estimates on the project, released late Tuesday, highlighted a 50-per-cent spike in expenses over the past 15 months, on a project that was already projected to eat up $14.1-billion. Keep in mind: This initiative still needs approvals from both the Petrocan board and government bodies.

Republicans lie about drilling

Republicans lie about drilling
September 17, 2008

"Drill Baby Drill" is the new Republican catch phrase. Don't you just love it? Well, maybe not.

Republicans are so used to lying to naïve Americans, as most live, believe and hang on their every word. Well, they're at it again. Didn't we learn anything in the last eight years of Republican leadership as they lied us into a war for oil?

No Games on Stolen Native Land! Panel on 2010, tar sands and call to disrupt the "Spirit Train" (September 27 & 29)

Full Call Out Here:
http://lists.oilsandstruth.org/pipermail/ost-announce/2008-September/000...

No Games on Stolen Native Land! Panel on 2010, tar sands and call to disrupt the "Spirit Train" (September 27 & 29)

On September 29th, 2008 (Monday), the 2010 Olympic Winter Games "Spirit
Train" will be coming to Edmonton, Alberta. A call out has been issued
by the Olympics Resistance Network.

On September 27, 2008, several speakers from indigenous communities who
are being adversely effected on unceded territories in "British

Discussion Points on a Moratorium

Discussion Points on a Moratorium
No New Approvals-- of what?
July 29, 2008

Devon's Jackfish Sag-D Project Enters Phase Two

UPDATE 3-Devon starts phase 2 of Alberta oil sands project
Mon Sep 8, 2008 5:23pm EDT

CALGARY, Alberta, Sept 8 (Reuters) - Devon Energy Corp (DVN.N: Quote, Profile, Research, Stock Buzz) is embarking on the second phase of its Alberta oil sands project, a $1-billion-plus expansion aimed at doubling output in four years, the U.S. oil independent said on Monday.

Devon said it won regulatory approval for phase two of the steam-driven Jackfish project, which will add 35,000 barrels a day of production of tar-like bitumen by 2012. It will start construction immediately.

Oil patch immune from the meltdown: economists

Carrie Tait, Financial Post Published: Monday, September 15, 2008

CALGARY - Canada's oil and gas industry, including the massively cash-heavy oil sands projects, should be immune to the financial crisis gripping Wall Street - for now.

Economists say the multi-billion dollar oil sands projects and other exploration and production efforts will still be able to access capital, even as major institutions go under and banks shy away from lending money.

Weak oil and debt markets may bedevil tar sands plans

Weak oil and debt markets may bedevil oil sands plans
Mon Sep 15, 2008 2:16pm EDT
By Jeffrey Jones - Analysis

CALGARY, Alberta (Reuters) - A double whammy of tumbling crude prices and shaky credit markets could force some companies to delay multibillion-dollar Canadian oil sands projects, cutting the country's overall output forecast.

Most at risk are developments that are in the design phase but have yet to start construction. Some have already been delayed due to surging costs, a tight labor market and stricter regulatory scrutiny.