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.

German Government Rejects German Military Report ‘Peak Oil’ Occurred in 2010

German Government Rejects Report ‘Peak Oil’ Occurred in 2010
By Rainer Buergin - Jan 24, 2011

Chancellor Angela Merkel’s government rejected a report by Germany’s armed forces that global crude-oil production reached its maximum last year, parliament’s HIB newsletter said.

Crude output “can be increased through 2035 under today’s conditions, assuming an optimal development and exploitation of reserves,” HIB said today, citing the government’s response to a query by the opposition Green party. The government’s outlook is based on International Energy Agency estimates, it said.

Extreme Offshore: The Hunt for Hard to Find Crude

Written by Al Fin
Thursday, 27 January 2011

Brazil's quest for extreme oil may cost as much as US$ 1 trillion. That is a lot of money to invest in a such a risky proposition -- to retrieve oil that is miles deep underwater. But oil prospectors and producers around the world are on the prowl for extreme crude -- found in places that previous generations would not have dreamed of going.

Suncor, Total team up on tar sands

What a perfect combination! Now Total can join in a partnership with the Canadian Boreal Initiative and fund the Pembina Institute, while Suncor can help dig up huge swaths of land all over Africa! It's a win, win!

--M

Suncor, Total team up on oil sands
NATHAN VANDERKLIPPE
CALGARY— From Saturday's Globe and Mail
Published Friday, Dec. 17, 2010 6:17AM EST

Suncor targets 1-M bbl/day with help from Total E&P Canada

Suncor targets 1-M bbl/day with help from Total E&P Canada
Canadian Mining Journal
December 20, 2010

ALBERTA - Calgary-based Suncor Energy has announced plans to increase production to more than one 1 million bbl of oil equivalent daily by 2020. The company says it will boost oil sands production by 10% per year and company-wide production by 8% in each of the next 10 years.

Leaked cable reveals concerns over tar sands oil

Leaked cable reveals concerns over tar sands oil
By Ed Brayton | 12.08.10 |
The Michigan Messenger

One of the documents released by WikiLeaks, a diplomatic document sent to President Obama and Secretary of State Clinton in advance of a presidential visit to Ottawa, Canada, reveals concerns about the higher environmental cost of Canadian tar sands oil compared to regular crude oil.

Tertzakian: Tar sands being claimed by cash-rich and resource-hungry Asia

Tertzakian: Oilsands being claimed by cash-rich and resource-hungry Asia

By Peter Tertkzakian, Calgary Herald November 29, 2010

Alexander Dumas, 19th century French author of classics such as The Three Musketeers, offered a simple MBA formula, “Business? It’s quite simple. It’s other people’s money.”

Thailand's oil giant buys stake in Statoil Canada tar sands project

Thailand's oil giant buys stake in Statoil Canada oil sands project
MCOT.net

BANGKOK, Nov 23 - PTTEP Netherland Holding Limited (PTTEP NL) on Monday signed a partnership unit sale agreement with Statoil Canada Ltd and Statoil Canada Holdings Corp (subsidiaries of Statoil ASA or Statoil) for a 40 per cent stake in the Kai Kos Dehseh Oil Sands Project (KKD) in Canada.

PTTEP NL is a subsidiary of Thailand's PTT Exploration and Production, and Statoil a world leader in heavy oil and deep water exploration and production.

Statoil May Sell U.S. Gulf Assets After Canada Tar Sands Stake

Statoil May Sell U.S. Gulf Assets After Canada Oil Sands Stake
November 23, 2010, 8:40 AM EST

By Marianne Stigset

Nov. 23 (Bloomberg) -- Statoil ASA, Norway’s biggest energy company, said it may divest holdings in the Gulf of Mexico after selling a stake in its oil sands project in Canada for $2.28 billion to PTT Exploration & Production Pcl.

Nexen earnings rise fourfold

Mechanical problems still plaguing Long Lake

By Jeffrey Jones, Reuters October 29, 2010

Nexen Inc. and Cenovus Energy Inc. on Thursday said operational problems weighed on their quarterly results, prompting investors to pull away from shares of the Canadian tarsands producers.

The issues were both internal and external, and highlighted complexities of developing Alberta's tarsands, the largest crude-oil source outside the Middle East.

US Tea Party's Deep Ties to Tar Sands Giant

US Tea Party's Deep Ties to Oil Sands Giant

Owners of Koch Industries, a major processor of Alberta crude, spent millions to foment and support a movement against Obama's climate change policies.

By Geoff Dembicki, November 1, 2010, TheTyee.ca

The Tea Party movement, poised to help shift the U.S. legislature to the right and stymie President Obama's green agenda, has financial and organizational ties to Koch Industries, one of America's biggest processors of Alberta oil sands crude.