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.
Canadians, Americans split on oil sands
NORVAL SCOTT
June 11, 2008
CALGARY -- A majority of Canadians and Americans see the oil sands as economically important, but Canadians are more concerned about related environmental problems, a survey has found.
The study, carried out by public relations firm Fleishman-Hillard, found that 75 per cent of Canadians surveyed, and 68 per cent of Americans, believe future development of the oil sands is a "good thing."
Bingaman Says Canadian Oil Sands Aren't Restricted by U.S. Law
By Tina Seeley
June 11 (Bloomberg) -- U.S. legislation prohibiting the federal government from buying alternative fuels that have higher greenhouse-gas emissions doesn't apply to Canadian oil sands, Senator Jeff Bingaman said.
``Producing fuel from oil sands is not a new technology,'' Bingaman said today at a meeting of the Canadian American Business Council in Washington. The New Mexico Democrat said he supports clarifying language that the House of Representatives has already approved.
Green groups say US refiners produce more greenhouse gases with oilsands
(AlbertaIndex, June 10, Tuesday) --- Two green lobbies have charged that US refiners will produce much more greenhouse gases processing Canada’s oilsands than if they used ‘traditional’ crude oil.
The Washington DC-based Environmental Integrity Project (EIP) and Toronto-headquartered Environmental Defence Canada (EDC) said the emissions production increase would be the equivalent of 16 new refineries in the US.
Heavy Problem: Dirtier Oil, Though Cheaper, Sparks Green Backlash
June 12, 2008, 11:45 am
The Wall Street Journal’s Ben Casselman reports:
Cheap oil! Get your cheap oil here!
Well, “cheap” may be pushing it. But even as benchmark crude futures have soared above $130 per barrel, there’s still oil out there for about $105 a barrel. The bad news: it’s nasty stuff.
Reopen NAFTA, reclaim our oil
Linda McQuaig
Canada will need tough negotiators to gain parity in trade agreement.
Yes, let's punish the official who leaked the Canadian memo that created
heat for Barack Obama, future president of the United States.
But let's not waste much time examining the mouth of this particular gift
horse.
Let's just consider ourselves lucky that the heated US Democratic
presidential race may result in NAFTA (the North American Free Trade
Agreement) being put back on the table.
NAFTA is deeply flawed from Canada's point of view. We failed to get the
Exxon Mobil CEO takes aim at environmentalists
Claudia Cattaneo, Financial Post
Thursday, May 29, 2008
DALLAS -- Rex Tillerson, chairman and chief executive of Exxon Mobil Corp., the world's largest oil-and-gas company, came out swinging Wednesday against the environmental movement, arguing the science of climate change is far from settled and that his company views it as its "corporate social responsibility" to continue to supply the world with fossil fuels.
Oil thirst means a moderate U.S.
Don't worry about American election, says ex-premier
Sheila Pratt, Edmonton Journal
Published: Monday, May 19, 2008
Alberta has little to fear from the tough talk in the U.S. on climate change heading into the fall presidential election, says former premier Peter Lougheed.
"Even though it's an election year, and that makes it more difficult, it's going to be challenging for the United States to avoid having a moderate position," Lougheed said in an interview.
Big Oil Strike in Brazil has Tongues Wagging, but We Continue Towards Peak Oil
By Pedro Prieto, Tlaxcala. Posted May 7, 2008.
Since the 1980's, the world has discovered less oil than it has consumed every year.
note: This was translated from the Spanish original by Miss Machetera, proprietor of the Machetera blog.
The world press, especially the Western press and specifically the financial press, has jumped all over the headlines of the discovery of a huge oil field in Brazil's continental shelf.
Oil hits record near $127 as Iran mulls output cut
Reuters
May 13 2008
NEW YORK, May 13 (Reuters) - Oil surged to a record peak near $127 on Tuesday after OPEC producer Iran said it was studying a plan to cut output despite signs record-high prices are hurting consumer nations.
U.S. crude jumped $2.00 to $126.23 a barrel by 1:45 p.m. EDT (1745 GMT), after striking a record $126.98 earlier. London Brent crude rose $1.61 to $124.52 a barrel.
More Dollars for Gas and Oil Research
By 250 News
Monday, April 21, 2008 03:08 PM
The allocations for the $12 million dollars the Province promised in the latest budget for mineral and oil and gas research have been announced.
Geoscience BC will be getting $5.7 million for projects to enhance the exploration and development of oil and gas.
The money will be used for projects such as regional airborne geophysical surveys with a focus on the Horn River Basin, in thenorth east part of B.C. , one of the hottest areas in oil and gas rights sales.
