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.
Oilsands boost CNRL earnings
President calls Calgary firm's results 'stunning'
By Shaun Polczer, Calgary Herald August 6, 2010
Canadian Natural Resources Ltd. on Thursday credited its growing oilsands production for significantly higher second quarter financial and operating results that handily beat analyst expectations.
New Suncor 'coming together'
$480M profit trounces forecasts one year after merger
By Shaun Polczer, Calgary Herald; Postmedia News
July 30, 2010
The new Suncor is starting to jell a year after its blockbuster merger with Petro-Canada, its chief executive said Thursday after the company marked a return to second-quarter profitability.
"I really feel like the team is coming together," CEO Rick George told analysts.
Total expands oil sand holdings
July 12, 2010
CALGARY, Alberta, July 12 (UPI) -- French energy company Total is looking to expand its holdings in oil sands through a $1 billion deal to tap into Alberta, Canada, recent transactions show.
Total is expanding its portfolio in Alberta's tar sands through a $1 billion bid for UTS Energy of Calgary, the Financial Times reports.
Alberta assets held by UTS Energy are estimated at more than 3 billion barrels of oil, the report adds.
Canadian Oil Sands Will Become Top US Crude Source
Published: Monday, 28 Jun 2010
By: Justin Solomon
CNBC Producer
As the future of offshore drilling remains in jeopardy, more investors and energy companies are focusing their attention on the US's neighbor to the north, Canada.
Canada has proven oil reserves of more than 170 billion barrels—second only to those in Saudi Arabia. Much of that crude lies beneath the tundra of Alberta in a thick oil, sand and water mixture called bitumen, more commonly called oil sand.
French oil company plans to exploit tar sands in Congo
afrol News, 29 October - French oil company Total has announced its plans to exploit tar sands and other renewable energies in central African country of Congo.
Company's Sustainable Development and Environment Manager, Jean Michel Gires told 6th Global Forum on Sustainable Development in Brazzaville that Total has interest in both oil and gas production but said it is extending its production to tar sands.
Total to Buy UTS to Expand in Canadian Oil Sands
July 07, 2010
By Kari Lundgren and Stephen Cunningham
July 7 (Bloomberg) -- Total SA, Europe’s second-biggest oil producer, will buy UTS Energy Corp. for C$1.5 billion ($1.4 billion) in cash and shares in a new company to boost its output from Canadian oil sands.
CNRL announces oil sands production gain
John Shmuel, Financial Post
Jun. 30, 2010
Canadian Natural Resources Ltd. revealed in its June forecast that its oil sands production will hit between 116,000 and 118,000 barrels a day for the month, after a maintenance shutdown in May helped boost efficiency.
The June figures are significantly higher than last month's, when the Calgary-based energy company produced 81,400 barrels a day after a partial shut down of operations for maintenance.
Stelmach buys U.S. ad touting oil sands
Article submitted to the Washington Post was rejected by op-ed section, so Alberta government turns to half-page ad
Josh Wingrove
Edmonton — Globe and Mail
Jul. 02, 2010
For lack of another way to reach U.S. lawmakers wary of the “filthy” Canadian oil sands, Alberta Premier Ed Stelmach’s office bought a half-page advertisement in Friday’s Washington Post championing its energy industry and a proposed pipeline that would reach down into the United States.
The Collapsing Western Way of Life
The greatest threat to the Western Way of Life is the Western Way of Life itself.
By John Kozy
Global Research, June 18, 2010
The Age of Enlightenment was born sometime around the beginning of the
eighteenth century. A mere three-quarters of a century later, industrialization
ushered in the Age of Endarkenment, and human life has grown more and more
perilous ever since. The Golden Age of capitalism cannot be recreated merely by
applying the right mixture of spending, subsidies, re-regulation, and
A Run for the Canadian Border
By Marin Katusa
June 21, 2010
The Gulf of Mexico disaster has changed U.S. priorities, costs, and energy supply sources for years to come. But the fact that the U.S. needs energy isn’t changing any time soon and as mass sources of green energy are still a while away, the most likely alternative might be the most surprising one.
