Oil Sands Truth: Shut Down the Tar Sands

Economics

Economics

Economics drive tar sands operations. Record highs in oil prices, though still fluctuating, will make tar sand oil ‘economical’ (read: profitable) well into the future. Government subsidies to this environmentally disastrous process remain in place from a time when the federal government was sponsoring research into the possibility of recovering this oil. Stock prices of tar sands developers grow the more conventional oil is scarce.

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Economics drive tar sands operations. Record highs in oil prices, though still fluctuating, will make tar sand oil ‘economical’ (read: profitable) well into the future. Government subsidies to this environmentally disastrous process remain in place from a time when the federal government was sponsoring research into the possibility of recovering this oil. Stock prices of tar sands developers grow the more conventional oil is scarce.

Petro-Canada Plans C$26.2 Billion 'Oil-Sands' Project

http://www.bloomberg.com/apps/news?pid=20601082&sid=ayjHX7wsn1WA&refer=c...

Petro-Canada Plans C$26.2 Billion Oil-Sands Project (Update7)

By Ian McKinnon

June 28 (Bloomberg) -- Petro-Canada, the third-largest oil company in Canada, and its partners will spend C$26.2 billion ($24.6 billion) on an oil-sands project in northern Alberta that's one of the world's most costly energy developments.

NDP and Environmentalists decrie tanker traffic- Gas Headed to Tar Sands

http://www.goldstreamgazette.com/portals-code/list.cgi?paper=12&cat=23&i...

NDP decries tanker traffic

Environmentalists and the NDP want the federal government to block passage of oil tankers, such as this one, along B.C.’s coast.
By Brennan Clarke
News staff

Jun 29 2007

Environmentalists allege federal Conservatives turning blind eye to moratorium

Increasing oil tanker activity in B.C.’s northern waters has West Coast NDPers calling on Ottawa and Victoria to “formalize” a long-standing moratorium on tanker traffic and offshore exploration.

Indigenous Nations Governments Challenging Tar Sands

Oilsands Facing Aboriginal Opposition

Copyright 2007 Nickle's Energy Group Copyright, a division of HCN
Publications Company
All Rights Reserved
Daily Oil Bulletin

A couple of First Nations groups are protesting oilsands operations
in their backyards.

The Woodland Cree First Nation (WCFN) says it intends to file an
intervention with the Alberta Energy and Utilities Board regarding
Shell Canada Limited's Carmon Creek oilsands project near Peace River.

Meanwhile the Clearwater River Dene Nation in northwest Saskatchewan

Venezuelan Gusanos Flock to Fort McMurray

Fleeing Chavez, oil workers flock to frigid Alberta
By JOEL MILLMAN, The Wall Street Journal
Associated Press Financial Wire
June 26, 2007 Tuesday 2:10 PM GMT

FORT McMURRAY, Alberta Before he left Venezuela in April for this
petroleum outpost in northern Alberta, Freddy Mendez heard tales
about bone-chilling winter cold and lumbering moose. Since he's come
to town, he's seen two black bears in his neighborhood. Still, the
toughest adjustment is the late-night sun.

"You get a lot of work done when the sun doesn't set until 11," he

Panel: [Keystone] Pipeline may help stop jam

Panel: Pipeline may help stop jam
Janell Cole, Forum Communications Co.
http://www.in-forum.com/articles/index.cfm?id=170417&section=News&forumc...
Published Saturday, June 30, 2007

BISMARCK – The North Dakota Industrial Commission is urging construction of the TransCanada Keystone Pipeline, saying it has the potential to alleviate an international pipeline bottleneck that hurts the sale of North Dakota crude oil.

Nuclear CO2 warming costs-- Helen Caldicott

http://www.upi.com/Security_Terrorism/Analysis/2007/05/21/ou...
Published: May 21, 2007 at 2:23 PM
Outside View: Nuclear CO2 warming costs

By HELEN CALDICOTT UPI
Outside View Commentator

MELBOURNE, May 21 (UPI) -- The fact is, it takes energy to make energy --
even nuclear energy. And the true "energetic costs" of making nuclear
energy -- the amounts of traditionally generated fuel it takes to create
"new" nuclear energy -- have not been tallied up until very recently.

What exactly is nuclear power? It is a very expensive, sophisticated and

Fort McMurray: Boomtown on a bender

Boomtown on a bender

Jun 28th 2007 | FORT MCMURRAY
From The Economist print edition
The downside of explosive growth in northern Alberta

WITH C$36 billion ($25 billion) invested so far in its oil sands and another C$45 billion expected over the next decade, the Canadian province of Alberta is booming. Workers have flocked in, lured by wages of up to C$120,000 a year. The once sleepy town of Fort McMurray, at the centre of the bonanza, boasts a crowded casino and a busy airport. But big money has brought big problems, including overstretched infrastructure and soaring drug use.

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