Peak Oil

India eyes $2.5 bln investment in Canada tar sands

Thu Jul 3, 2008 7:38am EDT

MADRID (Reuters) - Indian firms could invest $2-$2.5 billion for stakes in
Canadian tar sands projects, a top official said on Thursday, as part of
efforts to secure overseas energy assets to fuel the country's fast-growing
economy.

Oil Secretary M.S. Srinivasan said at the World Petroleum Congress in Madrid
the companies were looking to pick up holdings rather than buy foreign
firms.

Earlier this year, the head of state-run explorer Oil and Natural Gas Corp (

Output still far from peak levels, say CEOs
Canadian production to play crucial role on world markets
Shaun Polczer, Canwest News Service
Published: Wednesday, July 02, 2008

MADRID, Spain - Canada's oilsands are still years away from making a meaningful impact on global oil supplies, the heads of two of the world's largest oil companies -- Exxon and Total SA -- said at the World Petroleum Congress in Spain yesterday.

But they also said despite economic and environmental challenges, unconventional oil from Canada will eventually play a crucial role in meeting the world's oil needs.

Come to Canada! But only if you've got a job

Stories of Canada looking to poach British citizens are wildly exaggerated. We're only interested in professionals who can help us dig up oil.

Heather Mallick
guardian.co.uk, // Wednesday July 2, 2008

Pissed-off workers of Britain, Alberta wants YOU.

I beg your pardon? Alberta. It's a western province of Canada. The Rockies? Edmonton? Calgary, had the Olympics in 1988? A variety of scenic spots named after various homely minor Royals of the Victorian era?

Hatch and Bennett say one-year ban hurts U.S. energy independence
Utah senators slam congressional oil-shale development moratorium
By Patty Henetz
The Salt Lake Tribune
07/02/2008

A congressional moratorium on oil shale leasing and development hurts an established industry's efforts to find investors and imperils the nation's hopes for energy independence, Utah's senators said Tuesday.

Will Canada last?
by Murray Dobbin
June 30, 2008

What will it take persuade Canadians that if they do not act soon to reverse the course of their nation, there will be nothing left to save? I am talking, of course, about so-called "deep integration" and its official expression, the Security and Prosperity Partnership (SPP).

By Michael Klare
Truth and consequences in the last days of cheap oil

At the hastily convened global oil summit in Jeddah, Saudi Arabia on June 28, top officials of producing and consuming nations from around the world attempted to find a combination of solutions that would somehow extricate us from the current crisis over sky-high energy prices. These proposals ranged from increased output by major producers like Saudi Arabia and Kuwait to restrictions on the activities of international oil speculators.

Tar-sands stocks will sink if oil price slides
Jun 27, 2008 04:30 AM
Bill Carrigan

Proponents prefer the cleaner "oil-sands" tag and opponents prefer the dirtier "tar-sands" tag. Of course, investors older than 50 tend to use the original term, tar sands.

Lately it's difficult not to notice the growing controversy over the runaway development of Canada's tar sands and its contribution to global warming. Migratory bird deaths at a Syncrude tailings pond in April delivered another public-relations blow to tar-sands companies.

Macdonald Stainsby gives http://h2opodcast.com/ an overview of the tar sands, their history in development, why now, the connection to the war on terror & Iraq, trade deals, expansion of the temporary foreign worker programs in such development, violation of indigenous nations' self-determination and environmental destruction unparalleled in the world. (Part I of II)

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Part II of II:

Macdonald Stainsby gives http://h2opodcast.com/ an overview of the tar sands, their history in development, why now, the connection to the war on terror & Iraq, trade deals, expansion of the temporary foreign worker programs in such development, violation of indigenous nations' self-determination and environmental destruction unparalleled in the world. Part II of II.

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Media advisory -
North American unions denounce privatization of Mexico's oil sector

OTTAWA, June 17 /CNW Telbec/ - While Mexico is steeped in an intense
public debate on the potential privatisation of PEMEX, a state-owned petroleum
company, North American energy sector unions continue to mobilize their
members and sound the alarm about the colossal loss that Mexico could suffer.

The Canadian Union of Public Employees (CUPE) and the Communications, Energy
and Paperworkers Union of Canada (CEP) have delegated Canadian lawyer