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.

What 'Peak Oil' Really Means for the Energy Sector

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.

Tar Sands "fetch premium price"

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.

EU to tackle Canadian tar sands in new law -sources

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]

Broker makes financial predictions in tar sands

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.

Energy: Demand for renewables will be slow, says Saudi oil baron

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 'going to zero,' RBC says

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.

Suncor recording great profits

Higher Oil Sands, Downstream Earnings Benefit Suncor
by Allen Good | 02 Feb 11
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National Post: Egypt Crisis opens door for Tar Sands?

Egypt crisis opens door for oil sands

John Ivison, National Post · Thursday, Feb. 3, 2011

The escalating tension in Egypt has provided Stephen Harper with an unexpected opportunity to push for a guarantee that there will be no border tax on Canada's oil sands when he visits U.S. President Barack Obama in Washington on Friday.

The two men are expected to sign a major security and trade deal, which will likely be long on promises and short on specifics.

Dramatic Shift in the Peak Oil Debate

Dramatic Shift in the Peak Oil Debate
Written by Kurt Cobb
Wednesday, 19 January 2011

If you write about, speak about, or talk with your family, friends and co-workers about peak oil, you've almost certainly been asked: "Well, who else is saying what you're saying?"

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