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.
Oil sands deals lose traction
JEFFREY JONES
CALGARY — The Globe and Mail
May. 24 2013
There’s a buyers’ strike in the oil sands.
At least a half dozen energy companies have come up dry in efforts to attract the rich bids they envisaged when they put oil sands assets on the auction block in the past year, showing downward pricing pressure on a sector touted as the cornerstone of Canada’s economic growth.
Jordan to Rely on Shale Oil to Meet Soaring Domestic Demand
7 August 2012—Jordan aims to extract 40,000 BOPD of oil from its shale oil reserves by 2016 to meet the country’s increasing demand, Jordan Oil Shale Energy Company (JOSECO) said.
JOSECO is a subsidiary of Estonian state-owned Eesti Energia.
Tensions Boil as Israeli Oil Riches Grow
News From Around the World
Monday, June 25, 2012
Ed DeShields
Israel’s once hidden oil riches are now certain to be so large its treasures could make it the richest oil country in the world. And, its neighbors are not only noticing, they’re boiling mad.
It was just forty years ago when Golda Meir, the former prime minister of Israel once famously quipped, “Why did Moses lead us to the one place in the Middle East without oil?”
Well Prime Minister, Moses turned out to have a pretty good eye for what a promised land might look like.
Kazakhstan will squeeze oil from sand and clay
Sunday, 08.07.2012
Tengri News
Kazakhstan wants to start extracting oil from sand in 2013, deputy Director of the Scientific-Research Institute of New Chemical Technologies and Materials of Al-Farabi Kazakh State University Valentina Yemelyanova told Tengrinews.kz.
Tar Sands Giants’ Sneaky New Playbook Revealed
By Climate Guest Blogger on Jul 7, 2012 at 10:46 am
by Tony Iallonardo, via National Wildlife Federation
Polluters seem to have drawn the wrong lesson from the Keystone XL controversy. Rather than temper the headlong rush to exploit tar sands, they’re getting sneakier.
Invest in Israel's epic oil and gas boom
Mike Kapsch, Investment U
7/5/2012
When I think of Middle Eastern nations with massive oil and gas reserves, Israel isn’t a country that comes to mind… ever, really.
After all, Israel still imports 99% of its oil and 70% of its natural gas.
In fact, for the last 60 years, energy companies there have basically drilled one dry hole after the next.
But that’s all getting ready to change in the coming years thanks to new drilling capabilities.
Texas Activists Move Toward Tar Sands Blockade
Tuesday, 26 June 2012
By Candice Bernd, Truthout
Texas climate justice activists are prepared to use nonviolent, direct action to block the Keystone XL pipeline's construction.
India’s ONGC may bid for $5B Conoco oil sands assets
By Charlie Zhu, Reuters Jun 5, 2012
KUALA LUMPUR — Oil and Natural Gas Corp , India’s biggest state-owned energy explorer, is considering bidding for part of ConocoPhillips Canadian oil sands holdings worth around $5-billion, a source with direct knowledge of the situation told Reuters on Tuesday.
Fort McMurray: Economic centre of Canada?
Claudia Cattaneo Jun 5, 2012
Financial Post
Fort McMurray, economic centre of Canada? Torontonians and the rest of the country had better get used to the idea. The Canadian economy will increasingly spin around the northern Alberta oil town if an industry forecast that shows Canada’s daily volumes will more than double to 6.2 million barrels a day by 2030, largely from the oil sands, proves right.
Canada to be among top three oil producers by 2030
By Yadullah Hussain, Financial Post
June 5, 2012
Canada could emerge as the top three or four oil producer in the world by 2030 thanks to rising oil sands supply, according to an industry forecast which focuses more on the possibilities that lay before the Canadian oil industry rather than its substantial challenges.
