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.

Suncor production misses mark

Suncor production misses mark
Jan 11, 2008 04:30 AM

CALGARY–Suncor Energy Inc. says its oil-sands production during 2007 averaged about 236,000 barrels per day, short of the target 240,000 to 245,000.

In December, output at Suncor's oil-sands operation at Fort McMurray, Alta., averaged 234,000 barrels per day, down from 266,000 in November.

Suncor reports production numbers monthly from its operations. The numbers are preliminary and subject to adjustment.

Production volumes will be confirmed when fourth-quarter financial results are released Jan. 22.

Action must be taken now to deal with peak of oil

Action must be taken now to deal with peak of oil
Jan 05, 2008 04:30 AM

Tyler Hamilton raises three crucial points in his article:

Gasoline prices, the Canadian-U.S. dollar exchange rate and crude oil have all passed a critical benchmark over a short period of time.

Not only is this a sign of fundamental changes within our economy, it is unfortunately very much beyond control of the Canadian consumer.

It is high time for the government to realize that the world oil peak is imminent and that necessary adjustments will require years to impact our energy economy.

Impacting Unimpaired: The SPP and TILMA are aimed directly at unimpeded extraction in the tar sands

January 7, 2008
Impacting Unimpaired
New agreements like the SPP and TILMA are aimed directly at unimpeded extraction in the tar sands

by Macdonald Stainsby

The Dominion - http://www.dominionpaper.ca

Medicine at the crossroads of energy and climate change

Medicine at the crossroads of energy and climate change
by Dan Bednarz, Ph.D. and Kristin Bradford, M.D., M.P.H.
[all citations listed can be found at the url posted at the end of the article]

"Still no interest in exploring high Arctic": official

Still no interest in exploring high Arctic: official
Last Updated: Friday, January 4, 2008 | 9:36 AM CT
CBC News

Companies have yet to take up the federal government's invitation to explore the high Arctic for oil and gas, even though that invitation has been extended for the sixth year in a row.

Richard Casey, an official with the federal Indian and Northern Affairs Department, told CBC News that there has been no interest from any company to explore for oil and gas around Axel Heiberg Island, located west of Ellesmere Island in Nunavut, or in any surrounding areas.

"Hear no peak"-- Letter to the Financial Times

Hear no peak
by David Strahan
Letter to the Financial Times

Sir:

Just as the Financial Times’ news coverage of oil was beginning to improve (“Oil watchdog reworks reserves forecasts”, 27.12.07), Lex goes and spoils it with a truly shoddy analysis: “Peak no evil” (03.01.08) rehearsed all the old myths that have been comprehensively debunked in recent years.

$100 oil puts a new shine on Alberta

$100 oil puts a new shine on Alberta
Record prices will fuel the world's interest in the oil sands, even as extraction costs soar
DAVID PARKINSON // January 3, 2008

Deepening nervousness over long-term global energy supplies will put Canada's rich oil sands even more in the global energy spotlight, economists said yesterday as crude touched $100 (U.S.) a barrel for the first time.

What's new at the tar sands?

by Dave Cohen

My neighbor has a circular driveway ... he can't get out.
—Steven Wright

Oil Hits $100 a Barrel for the First Time

January 2, 2008
Oil Hits $100 a Barrel for the First Time
By JAD MOUAWAD

Oil prices reached the symbolic level of $100 a barrel for the first
time on Wednesday, a long-awaited milestone in an era of rapidly
escalating energy demand.

Crude oil futures for February delivery hit $100 on the New York
Mercantile Exchange shortly after noon New York time, before falling
back slightly. Oil prices, which had fallen to a low of $50 a barrel
at the beginning of 2007, have quadrupled since 2003.

Futures settled at $99.62, up $3.64 on the day.