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.
Future of Alberta oil could be decided in B.C
Charles Frank , CanWest News Service
Published: Sunday, November 18, 2007
The future of Western Canada's energy industry may well be defined by what happens far from Alberta's foothills in the quiet town of Kitimat on British Columbia's picturesque coast.
Chavez threatens $200 oil
U.S. attack on Iran would double prices, OPEC summit told
Shaun Polczer
CanWest News Service
Sunday, November 18, 2007
RIYADH, Saudi Arabia - Oil prices could more than double to $200 US a barrel if the United States attacks Iran, Venezuela's Hugo Chavez told OPEC leaders in Saudi Arabia Saturday, urging the cartel to take a more active "revolutionary" role in world affairs.
Suncor and Syncrude and Alberta’s royalty hike
SRJ Staff 07.NOV.07
Suncor Energy and Syncrude Canada Ltd will be affected by Alberta’s new royalty hike, but not immediately.
“Those companies are under separate crown agreements,” said Bob McManus, assistant director, communications Alberta energy. “Suncor was negotiated in 1963 and Syncrude in 1975.”
Premier Ed Stelmach announced a new royalty regime for oil and gas on Thursday, Oct. 25. Royalties would increase by $1.4 billion in 2010, a 20-per-cent increase over currently projected revenues for that year.
High costs trim forecast for oil sands production
NORVAL SCOTT
November 16, 2007
CALGARY -- Output from Alberta's oil sands will grow more slowly than was predicted last year as spiralling costs deter investment in the vast but difficult resource, Canada's national energy regulator says.
The National Energy Board forecast in a report released yesterday that by 2015 Canada's total oil output will be 4.05 million barrels of crude a day, 61 per cent greater than it was in 2005.
SAUDI ARABIA'S NEW MIGHT: ENERGY
Fort McMurray of the Middle East
As Saudi Arabia tries to extend its oil reach, it faces the same hurdles as Alberta
DAVID EBNER
November 13, 2007
RABIGH, SAUDI ARABIA -- It's 35 C and humid on the shore of the Rea Sea north of Jeddah as a sprawling industrial facility and construction cranes emerge through the bright haze in the near distance.
For Saudi Arabia, a crude oil producer and refiner, the site is a first step into a future of doing more with the black gold that lies in vast quantities beneath the desert kingdom.
Whether we avert catastrophe with climate change may actually be decided
by Citibank and Bank of America.
by Tara Lohan
AlterNet (October 06 2007)
We're nearing the end of the window of opportunity we have to avert the
catastrophic effects predicted from the earth's changing climate. We're
either going to sink or swim. Our best hope at this time is to
drastically reduce our greenhouse gas emissions, like carbon dioxide.
Global leaders are putting their heads together to come up with
solutions. Across the world, countries and municipalities are passing
Economic View: Running on empty: peak oil production is in sight, global supplies will dwindle - and the US, for one, is ill-prepared
China's rapid growth in consumption could suck up all the extra crude pumped next year, leaving other countries to get by with less
Hamish McRae
Published: 11 November 2007
Effect of royalty rates not so painful
In recent quarterly reports, energy firms say higher rates won't pinch profits so hard
NORVAL SCOTT
With files from Reuters
November 10, 2007
CALGARY -- A swath of energy companies said this week that the impact of Alberta's increased royalty charges won't be as significant as some in the oil patch had initially feared.
Total to alter Joslyn plans
NORVAL SCOTT
November 10, 2007
CALGARY -- French energy giant Total SA is re-evaluating strategy at its Joslyn oil sands development, with a view to doing more mining of the resource than previously expected, according to the junior partner in the project.
Suncor Production Numbers-- Year to Date
CALGARY, Nov. 8 /PRNewswire-FirstCall/ -- Suncor Energy Inc. reported today that production at its oil sands facility during October averaged approximately 260,000 barrels per day (bpd). Year-to-date oil sands production at the end of October averaged approximately 233,000 bpd. Suncor is targeting average oil sands production of 240,000 to 245,000 bpd in 2007.
