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.
Factbox: Enbridge pipeline to the Pacific: facts and issues
Reuters
Mon Jan 30, 2012
(Reuters) - Enbridge Inc's Northern Gateway pipeline is aimed at opening up lucrative overseas markets for surging Canadian oil sands production, but it has become highly contentious as Ottawa and the oil companies that support the project seek to fend off opposition from environmental and aboriginal groups.
Imperial launches $2 billion oil sands expansion
REUTERS February 3, 2012
CALGARY, Alberta (Reuters) - Imperial Oil Ltd said on Friday it will go ahead with a C$2 billion ($2 billion) expansion of its Cold Lake oil sands project, adding 40,000 barrels per day of new production to Canada's largest thermal oil sands development.
Nardone: Keystone pipeline: A bad idea
By Julie Nardone/Local columnist
MetroWest Daily News
Posted Jan 29, 2012
President Obama may not have killed the 1,700-mile Keystone XL pipeline project for all the following reasons, but he should have.
America’s #1 export in 2011 was refined fuel.
Shocked? Don’t be. Despite the staggering price of gas at the pump, the US ships gas, diesel and jet fuel off to developing countries like China.
Tar sands battle continues in California courts
InsideClimateNews | Jan 25, 2012
By Maria Gallucci
A high-stakes legal battle is underway in California over whether the state's clean air agency can enforce a first-ever rule to slash carbon emissions in transportation fuels. The fight is being closely watched because the rule could choke global market demand for Alberta's carbon-intensive oil sands at a very precarious time for the industry.
Ottawa plays down oil sands document
David Ljunggren - The Globe and Mail
January 26, 2012
The federal government disassociated itself on Thursday from an embarrassing official policy paper that said the country’s independent energy regulator, now studying a controversial oil pipeline, is in fact a government ally.
Critics have long charged the right-of-centre Conservative government is trying to pressure the regulator – the National Energy Board (NEB) – to approve Enbridge Inc. ’s plan to build a pipeline from the Alberta oil sands to the Pacific Coast.
Saudi Arabia. Nigeria. Venezuela. Canada?
Is our neighbor to the north becoming a jingoistic petro-state?
By Will Oremus|Posted Friday, Jan. 20, 2012
Slate.com
January 19, 2012
When Will Environmentalists Ever Wake Up?
The Great Pipeline Scam
by MICHAEL LEONARDI
Counterpunch
Oil Shale Mining and Research Picking Up Steam
By Al Fin | Sat, 15 January 2011
Oilprice.com
Estonia's largest oil shale mining company, Eesti Energia, reported the largest oil shale production figures in 18 years for 2010 - 17 million tons, up 3 million tons from the year before.
The bulk of the national power company Eesti Energia's mining subsidiary's production is used in the furnaces of the Narva power plants, which have significantly geared up electricity production due to a sharp decline in imports after the closure of Lithuania's Ignalina nuclear plant. _ERRNews
Exxon Mobil Gets $908 Million in Venezuela
By AP / IAN JAMES Sunday, Jan. 01, 2012
(CARACAS, Venezuela) —
An international arbitration body has awarded Exxon Mobil Corp. nearly $908 million in a dispute with Venezuela over compensation for the nationalization of its assets, the company said Sunday.
Exxon Mobil sought arbitration after President Hugo Chavez's government nationalized an oil project in the country in 2007.
TransCanada hopes to stick to 2014 timeline for Keystone pipeline
By Rebecca Penty, Calgary Herald; With Files From James Wood And Dina O'meara, Calgary Herald January 19, 2012
Keystone XL backer TransCanada Corp. is maintaining an ambitious plan to have its proposed Alberta-to-Texas oil pipeline operating by late 2014, though the Obama administration that rejected the line Wednesday says any subsequent application would spark a fresh review.
