Oil Sands Truth: Shut Down the Tar Sands

Peak Oil

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.

Native People Warn U.N. of Biofuels Disaster

From the article below: "Experts on agro-economics say biofuels production is
largely responsible for the current food shortages and soaring prices. The crisis,
according to them, is not going to end unless the rich countries change their energy
consumption patterns.

If rich nations stopped biofuels production this year, it would lead to a price
decline in corn by about 20 percent and wheat by about 10 percent within the next
two years, according to the International Food Policy Research Institute, a think
tank in Washington."

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Exxon oil production struggles for growth

Exxon oil production struggles for growth
By Sheila McNulty in Houston and Carola Hoyos in London

Published: May 1 2008 14:55 | Last updated: May 1 2008 23:09

ExxonMobil, long regarded by its peers and investors as the most
successful interational oil company, is beginning to show signs of
weakness, revealing on Thursday that it is struggling to increase oil
production and to squeeze profit out of its refining business.

The world's biggest energy group announced a first-quarter record
profit of $10.9bn but its oil production fell almost 10 per cent in

Uncomfortable truths about global oil depletion

Uncomfortable truths about global oil depletion
By David Strahan
Telegraph UK

Polishing the portholes on the Titanic hardly does it justice. This week saw ministers giving an uncanny impersonation of Corporal Jones urging calm over the Grangemouth refinery strike; lorry drivers protesting in Park Lane over a two pence rise in fuel duty; and much righteous indignation over the level of profits reported by Shell and BP. All of which entirely misses the point.

Fund managers attack BP over tar sands plan

From The Times
April 18, 2008
Fund managers attack BP over tar sands plan
Robin Pagnamenta

A group of American and British shareholders in BP joined forces yesterday to protest over the oil company's decision to start extracting oil from Canadian tar sands.

Eleven fund managers, which together manage total assets worth more than $10 billion (£5 billion), said that BP's move into tar sands last year was “deeply disappointing” and represented a “disturbing step backwards” for the company.

The hottest housing market in North America, driven by tar sands oil

The hottest housing market in North America, driven by oil
By Marshall Loeb, MarketWatch
Last update: 7:38 p.m. EDT April 21, 2008

NEW YORK (MarketWatch) -- A boom of unprecedented dimensions is sweeping Canada's spectacularly scenic western province of Alberta, the Texas-sized territory with a population of 3 million that is home to a pair of world-class cities -- Calgary (population 1.2 million) and Edmonton (population 1.1 million).

Signed, Sealed, Delivered [Keystone Pipeline]

Signed, sealed, delivered
Posted: April 21, 2008 // Indian Country Today
by: Stephanie Woodard
Environmental concerns plague fast-tracked oil pipeline

STATEN ISLAND, N.Y. - In March 2008, the U.S. Department of State issued a federal permit for the 2,000-mile TransCanada Keystone Pipeline, which would carry heavy crude oil from the oil sands of northern Alberta across seven U.S. states to Oklahoma. The document was signed, even though mandated government-to-government consultations with concerned Native nations were described as ''ongoing'' by the State Department.

China's thirst for oil isn't being quenched by Albertan crude

China's thirst for oil isn't being quenched by Albertan crude
Relations between Canada and 'the dragon' are at a 30-year low, expert says
Shaun Polczer, Canwest News Service
April 21, 2008

Despite Asia's insatiable thirst for oil, the prospects for oil exports from Alberta to the Far East are growing more remote by the day, a leading China expert said in Calgary last week.

Oil soars to record above $117

Oil soars to record above $117
Ikuko Kao, Reuters
Published: 48 minutes ago

LONDON (Reuters) - Crude oil prices surged above $117, setting a new record high on Monday because of worries of supply disruptions from major producers and comments by OPEC reiterating there is no need to raise output.

U.S. light crude struck a record high of $117.40 a barrel. It was trading 27 cents higher at $116.96 by 1155 GMT (7:55 a.m. EDT).

London Brent crude also struck its all time peak of $114.65. It was trading at $114.20, up by 28 cents.

U.S. on 'monorail with a cliff at the end,' UA prof warns

U.S. on 'monorail with a cliff at the end,' UA prof warns

The Arizona Republic
Apr. 13, 2008 10:37 PM
Guy R. McPherson is professor of conservation biology at the University of Arizona.

McPherson was the guest last week on Live Talk Wednesday, discussing dwindling oil supplies and what awaits the American Empire. Here are excerpts from the interview, which can be found in its entirety at aztalk.azcentral.com.

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