Peak Oil

Approximately a year ago, at the outset of the economic crash, the debate became whether or not the economic slow down in the tar sands would be good for tar sands resistance. Some stated that the medium to small players would lose out and that at the other end of the temporary slow down would be mega-energy companies with a strangle hold on production and future leases, leaving our work harder to resist, not easier.

The Sunrise Project, along with a held lease in the southern Athabasca region called Kirby as well as a project to massively expand refineries in both Ohio and Indiana to take tar sands bitumen, are projects that involve BP (British Petroleum) and would signify a new level of depravity for the former "Beyond Petroleum" company headquartered in London near the Royal Bank of Scotland, Barclays and others investing in these disastrous projects.

--M

Husky earnings 'surprise' affects shares
Analysts predict slow growth for energy firm

By Dina O'Meara, Calgary Herald

Sunoco Announces Strategic Actions to Strengthen Competitive Position; Idles Eagle Point Refinery, Reduces Quarterly Dividend to $0.15 Per Share
Tue Oct 6, 2009 4:01pm EDT
PHILADELPHIA--(Business Wire)--

Sunoco, Inc. (NYSE:SUN) announced today it is indefinitely idling all process
units at its Eagle Point refinery located in Westville, New Jersey in an effort
to reduce losses in its refining business at a time when a recessionary economy,
weak demand for refined products, and increased global refining capacity have

Suncor Says Oil Sands Becoming Increasingly Important
By Sonja Franklin and Doug Alexander

Oct. 7 (Bloomberg) -- Suncor Energy Inc. Chief Executive Officer Rick George said Alberta’s oil sands are increasingly important as a supplier of energy.

“As conventional oil worldwide becomes increasingly difficult to find, develop and more costly, the oil sands, the second-largest oil base in the world, will play a bigger and bigger role,” he said in a speech to the Economic Club of Canada in Toronto today.

Eyeing a Total oil sands package

Nathan VanderKlippe/The Globe and Mail

Jean-Michel Gires discusses Total's future in Canada

NATHAN VANDERKLIPPE

CALGARY — From Tuesday's Globe and Mail
Oct. 06, 2009

French petroleum giant Total SA could add fuel to the oil sands' resurgence as the company nears a decision on a major expansion project, the company's new Canadian head said yesterday.

Tuktoyaktuk: a community on the frontline of climate change
Emma Bocking
1st October, 2009

Canadian coastal communities are faced with rising sea levels as the government continues to support destructive tar sands mining.

As the tar sands move forward, Canada's north is fighting the effects

The hamlet of Tuktoyaktuk on the northern coast of Canada is facing the steadily rising Arctic Ocean ­ at roughly the rate of 3mm per year, which may soon force the community to relocate further south.

Alberta aims to streamline permit process
Environmental hurdles under scrutiny
NATHAN VANDERKLIPPE

CALGARY — From Friday's Globe and Mail
Oct. 03, 2009

The Alberta government and Canada's oil sands industry are working on a controversial new plan to make it easier for companies to get environmental permission for certain types of projects.

Oil exports to U.S. set record

Oilsands output helps fill shortfall from Venezuela, Mexico

By Lisa Schmidt, Calgary Herald
September 30, 2009

Canada --already the largest oil supplier to the U.S.--pumped out record exports south of the border this summer, as Alberta's oilsands crude fill the gaps left by competitors.

U.S. imports of crude oil from Canada rose 5.4 per cent in July to the highest monthly level in at least 36 years, according to figures released by the U.S. Energy Department.

Oil sands: bruised, but not out

The oil-price collapse took some steam out of the boom in Canada's energy sector. Development is likely to proceed at a more sedate pace

Mackenzie delays prompt MGM to put Arctic drilling plans on ice this winter

By Lauren Krugel (CP)
September 17, 2009

CALGARY — MGM Energy Corp. (TSX:MGM), a junior company focused on exploiting natural gas in the high Arctic, is putting its drilling plans on ice this winter as uncertainty persists around the development of the Mackenzie pipeline.

"With really nothing going ahead, we just couldn't justify spending the money and drilling the wells," Henry Sykes, president of the Calgary-based company told an energy conference hosted by Calgary brokerage Peters & Co. Wednesday.