AndyH
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Peaceful Protest Underway against Tar Sands Oil Pipeline

Thu Jul 29, 2010 3:20 pm

edit... formerly titled: "Look Where the Canadian Tar Sands Oil is Going..."

http://www.texastribune.org/texas-energy/energy/texans-mull-a-pipeline-for-canadian-tar-sands-oil/

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Last edited by AndyH on Sat Aug 20, 2011 5:39 pm, edited 1 time in total.

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evnow
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Re: Look Where the Canadian Tar Sands Oil is Going...

Thu Jul 29, 2010 5:28 pm

See what Rubin thinks ...

China, not U.S., will be tar sands’ market

http://www.theglobeandmail.com/report-o ... le1572674/

The acquisition of a nine per cent share of the Athabasca tar sands’ marquee Syncrude operation by Sinopec (which is owned by the Chinese government) signals a new willingness on China’s part to sink billions into the future development of high-cost oil from tar sands. It coincides with the granting of a $20-billion soft loan by China to the Chávez regime in Venezuela, which will at least in part be repaid in oil from that country’s Orinoco tar sands.
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AndyH
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Re: Look Where the Canadian Tar Sands Oil is Going...

Thu Jul 29, 2010 5:55 pm

That's only 9% though. The oil's already flowing into the US - in a 35 inch pipe.

http://www.bloomberg.com/news/2010-07-29/suncor-cenovus-push-for-higher-output-from-oil-sands-after-prices-climb.html

The Canadian companies are seeking to expand output from Alberta’s oil sands, the world’s biggest crude reserves outside Saudi Arabia, as crude prices climb 26 percent from last year. Cenovus, the oil company spun off last year from Encana Corp., today reiterated a plan to boost oil-sands production fivefold to 300,000 barrels a day by 2019.


Canadian oil sands are poised to be the top source of crude imports to the U.S. this year, according to a May report by IHS- Cambridge Energy Research Associates.


QUICK! We need another needle! :evil:

AndyH
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Re: Look Where the Canadian Tar Sands Oil is Going...

Thu Jul 29, 2010 5:59 pm

http://www.triplepundit.com/2010/04/bp-oil-sands-resolution-defeated-as-new-pipeline-moves-forward/

Show us the money...

BP shareholders overwhelmingly rejected a resolution that would have required the company to report on the environmental, financial and reputational risks of developing Canadian oil sands projects. The resolution was rejected by 85 percent of shareholders voting.

The news comes as a proposed pipeline to deliver crude from oil sands in Canada to Texas passed an important environmental hurdle.


I wonder if the shareholders would vote differently today now that there's no dividend thru the end of the year...
Last edited by AndyH on Thu Jul 29, 2010 6:06 pm, edited 1 time in total.

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evnow
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Re: Look Where the Canadian Tar Sands Oil is Going...

Thu Jul 29, 2010 6:00 pm

China is jostling for the time when oil gets supply constrained (does this poll better than peak oil ?). Canada will then be sending some oil to China - reversal of centuries old pattern of getting raw materials from east & sending finished goods would then be complete.
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AndyH
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Re: Look Where the Canadian Tar Sands Oil is Going...

Thu Jul 29, 2010 6:05 pm

evnow wrote:China is jostling for the time when oil gets supply constrained (does this poll better than peak oil ?). Canada will then be sending some oil to China - reversal of centuries old pattern of getting raw materials from east & sending finished goods would then be complete.


Folks with cash can make some very, very good investments during economic downturns. Apparently China's been doing a good job securing the oil they'll need in the near future. I wish I knew what OUR energy plan is...

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evnow
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Re: Look Where the Canadian Tar Sands Oil is Going...

Thu Jul 29, 2010 6:15 pm

AndyH wrote:I wish I knew what OUR energy plan is...


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drees
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Re: Look Where the Canadian Tar Sands Oil is Going...

Thu Jul 29, 2010 6:32 pm

evnow wrote:China is jostling for the time when oil gets supply constrained (does this poll better than peak oil ?).

Oil is already constrained - gasoline consumption is slightly down from 6 years ago yet gasoline and crude oil prices are way up from then.

When oil spiked leading to the recession, there was no increase in output even at astronomical prices. Oil production has basically been flat for 5 years now.
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evnow
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Re: Look Where the Canadian Tar Sands Oil is Going...

Thu Jul 29, 2010 6:58 pm

drees wrote:Oil is already constrained ...


Yes - I was just avoiding PO discussion here ...

viewtopic.php?f=13&t=215

ps : I don't think it is constrained now though ...

http://earlywarn.blogspot.com/2010/04/e ... ction.html

pps : BTW, I recommend that blog, if you don't already read it.
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Re: Look Where the Canadian Tar Sands Oil is Going...

Thu Jul 29, 2010 7:10 pm

What happened to the fungibility argument? I thought the market was like one big pot that producers contribute to and consumers draw from. That's why the market didn't when Chavez says he won't sell to the U.S. As long as he sells to someone (which he has to).
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