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.
Buying our way out of sin
THE TELEGRAM [St Lohn's, NFLD)
The Telegram
http://www.thetelegram.com/index.cfm?sid=51665&sc=80
For such a modern-day problem, it seems like a terribly Medieval solution. The problem is climate change — the way humanity is altering the Earth’s weather by spewing fossil-fuel emissions into the atmosphere.
Snippets from the Business pages:
1 Enbridge Promises to build Gateway Pipeline without PetroChina & build Alberta Clipper
2 Largest Companies trying to get in on Expansion of Tar Sands
3 CP to further Expand in Tar Sands
4 Husky adding more Refineries
5 Imperial Oil buys huge exploration permit in Arctic /Beaufort Sea
These stories paint a collective picture of development of mock "oil" out of control.
This news article below shows, once again, that taking out the ability to construct pipelines to send oil and and bring gas (x2) in is a viable strategy for the cessation of the tar pits expansion. In other words, our fights against the Keystone, Alberta Clipper and North-Central Corridor, along with the Mackenzie Gas Project and Enbridge Gateway (among so many more!) all slow down the speed of flowing mock crude to a bottleneck pace.
Record gas prices not curbing drivers
By Associated Press // July 21, 2007
http://www.pantagraph.com/articles/2007/07/21/money/doc46a2c55c375cf8724...
WASHINGTON, D.C. — Record-high prices for gasoline this year haven’t dampened U.S. drivers’ demand for fuel, an industry trade group said last week.
Drivers consumed a record 9.2 million barrels, or 388 million gallons, of gasoline on average every day during the first half of the year, up 1.5 percent from last year’s levels, the American Petroleum Institute said in its midyear review of fuel statistics.
Europe must do what it can to stop the rush for ‘bad oil’
http://www.transportenvironment.org/Article440.html
Jul 26, 2007
Editorial by Jos Dings
Bad oil? To some people familiar with the environmental movement, the term “bad oil” may sound odd. Isn’t all oil bad from an environmental perspective?
Everything is relative. Yes, the oil we use today is very bad for the climate. But the so-called “unconventional” oil the world is looking to use in increasing intensity is so bad for the climate that today’s oil actually looks good in comparison.
Shell rakes in profits from Canadian tar-sands unit: Times of London
By London Bureau
Last Update: 6:31 AM ET Jul 27, 2007
http://www.marketwatch.com/news/story/shell-rakes-profits-canadian-oil-s...
LONDON (MarketWatch) -- The world's dirtiest oil is producing the highest profit per barrel for Royal Dutch Shell PLC (RDSA.LN), which yesterday said it would begin to report the earnings of its controversial Canadian oil sands operations as a separate business unit, the Times of London reports Friday.
$100 Oil Price May Be Months Away, Say CIBC, Goldman (Update1)
http://www.bloomberg.com/apps/news?pid=20601087&sid=aYjwn7IqTlHQ&refer=home
By Mark Shenk
July 23 (Bloomberg) -- The $100-a-barrel oil that Goldman Sachs Group Inc. said would prevail by 2009 may be only a few months away.
Energy Alberta's nuclear maverick revamping power plant application
http://www.brandonsun.com/story.php?story_id=63520
Canadian Press, July 20, 2007
CALGARY (CP) - The head of Energy Alberta Corp., an upstart western company pushing nuclear power in the Prairies, isn't taking the summer off, as planned.
Instead, Wayne Henuset is revamping a site application to the Canadian Nuclear Safety Commission from his office in the suburbs of southeast Calgary.
Conoco has big plans for oil sands
Third-largest U.S. oil firm is willing to pay billions to pump Alberta crude to Gulf Coast refineries
SHAWN MCCARTHY
July 20, 2007
http://www.theglobeandmail.com/servlet/story/LAC.20070720.RCONOCO20/TPSt...
ConocoPhillips Co. is prepared to spend billions of dollars on pipelines and refinery upgrades to allow it to process oil sands crude throughout its refinery network stretching to the U.S. Gulf Coast, company chairman Jim Mulva said yesterday.
The Indpendent UK offers an interesting perspective on the Tar Sands, yet is somewhat delusional from time to time:
"So it is always going to be within Opec's power to pump its cheap-to-extract conventional oil fast enough to drive the price below the marginal cost of extraction from tar sands."
