The tarsands are only economical at a certain price per barrel. The attacks on Iraq and Somalia, along with threats against Venezuela, Iran and elsewhere all combine to drive that price up. This significantly leaves the US economic structures able to tighten their control on oil distribution around the world as they de-diversify their oil imports to heavy reliance on tarsand (mock) oil, growing in percentage at a incredible pace. Canada is ever more integrating this (mock) oil into the North American grid, at the behest of both Canadian and American corporations. While Iraq's oil is disrupted often, Canada has no national reserve system and the corporations are aiming to extract up to 25% of American economical daily requirements from the tarsands in less than a decade. With NAFTA Expanding into the "Security and Prosperity Partnership" (SPP) more and more of these policies become removed from the public realm and help maintain exploitation and war on the planet and people within it by a tag team of nation-states from North America.
What 'Peak Oil' Really Means for the Energy Sector
by: Kenneth D. Worth February 23, 2011
Peak oil is here. Even the International Energy Agency (IEA) has admitted that production of conventional petroleum has peaked, although they forecast continued conventional production at 2011's reduced levels (down 2 million barrels per day from 2006) many years into the future.
Oil sands crude fetches premium price
NATHAN VANDERKLIPPE
Globe and Mail
Published Wednesday, Mar. 02, 2011
Synthetic crude – produced by oil sands companies such as Suncor Energy Inc., Royal Dutch Shell PLC, Nexen Inc. and Syncrude Canada Ltd. – is fetching a premium of more than $15 over West Texas Intermediate, the benchmark U.S. crude that closed above $100 yesterday for the first time since October, 2008. Historically, the price for synthetic crude has stayed roughly level with WTI.
Environmental groups urge regulations on 'tar sands' crude oil type that spilled into Kalamazoo River
Tuesday, March 01, 2011
Chris Killian | Special to the Kalamazoo Gazette
BATTLE CREEK — Sometime this year, Congress will begin work to reauthorize funding to monitor and regulate the nation's 2.3-million mile network of hazardous liquids pipelines.
EU to tackle Canadian tar sands in new law -sources
Wed Feb 23, 2011 3:20pm GMT
Reuters
By Pete Harrison and Juliane von Reppert-Bismarck BRUSSELS, Feb 23 (Reuters) - Europe's trade and climate chiefs are preparing to take a stand against imports of oil from Canada's polluting tar sands, despite fears the move might wreck a multi-billion dollar trade deal, according to EU sources and documents.
European Union sources said this week that Canada had threatened to pull out of trade talks because of the clash, but Ottawa has denied that. [ID:nLDE71H14V]
[For background to this story, check here:
http://www.mediacoop.ca/story/devastation-madagascar/5524 ]
Madagascar Oil standoff with island government continues
Tuesday, February 08, 2011
by Andre Lamberti
Madagascar Oil’s standoff with the government is still continuing and the group said it remains extremely concerned by the delays that have been incurred since the initial meeting on December 16 2010 in which the island’s Ministry of Mines and Hydrocarbons (MMH) said it was interested in buying the company's licences.
The stock remains suspended at 75 pence.
Investing In the Oil Sands: 4 Stocks
Frank J. Constantino
February 13, 2011
It seems everyone, including investors, are coming to grips with the fact that higher crude oil prices are here to stay. The fact is, the U.S., China, and other world economies have a insatiable demand for oil. While we are dependent on the Middle East for most of our oil, there are alternatives. The Canadian oil sands region is in the Alberta region of Canada. This massive area of oil reserves is second in size only to Saudi Arabia.
ISRAEL: A controversial shale project and energy security
February 6, 2011
LA Times
The suspension of Egyptian gas supply to Israel has lighted a fire under the feet of Israeli officials, businessmen and shareholders trying to assess how events in Egypt will affect Israel's energy economy.
Initial assessments that it is in Egypt's interests to keep the lucrative gas deals with Israel may prove right when the dust settles. But the shake-up in Egypt is a wake-up call for Israel, too.
Fossil fuels will dominate
Energy: Demand for renewables will be slow, says Saudi oil baron
Lynn Moore
The Province
September 14, 2010
Fossil fuels will continue to rule the global energy mix for the next 30
to 40 years, the president and CEO of Saudi Aramco told the World Energy
Congress during Monday's keynote address.
The growth of renewable energy sources and more energy efficiency
technologies will be "slow and uneven" due to a range of factors including
consumer acceptance issues, Khalid Al-Falih said.
OPTI is the Israeli Ormat offshoot, designed to bring "cogeneration" (burning dirty waste gunk for 'in-house' energy) to Canada, ala to make it commercially viable to do the same to a similar oilshale deposit in the Negev Desert.
--M
OPTI 'going to zero,' RBC says
BOYD ERMAN
Globe and Mail Update
Posted on Wednesday, February 2, 2011
OPTI Canada's hiring of Lazard Frères & Co. is a sign that the oil sands developer is "preparing for either a debt restructuring or a bankruptcy proceeding" according to RBC Dominion Securities.
Higher Oil Sands, Downstream Earnings Benefit Suncor
by Allen Good | 02 Feb 11
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