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The Bulletin: October 17-23, 2024
The Bulletin: October 17-23, 2024 The Federal Reserve and the Regime Are One and the Same | Mises Institute Brace Yourselves: A Tsunami Approaches. “There is Something being Concocted in the Dens of Power” – Global Research We’re Told This Is Progress, But It’s Actually Anti-Progress The Long Shadow of the Tar Sands Catastrophic Crop […]
Exxon Dumps Tar Sands/Oil Sands Holdings, Slashes Estimate of Recoverable Reserve
EXXON DUMPS TAR SANDS/OIL SANDS HOLDINGS, SLASHES ESTIMATE OF RECOVERABLE RESERVES Greenpeace / Jiri Rezac Colossal fossil ExxonMobil has dropped virtually all its tar sands/oil sands holdings from its list of recoverable assets, and its Canadian subsidiary Imperial Oil followed suit by cutting a billion barrels of bitumen from its inventory, in what Bloomberg News […]
What Norway’s Big Divestment Decision Means for Fracking, Tar Sands and Global Oil Exploration
What Norway’s Big Divestment Decision Means for Fracking, Tar Sands and Global Oil Exploration Norway’s sovereign wealth fund — a state-owned investment fund worth approximately a trillion dollars — recently announced it was divesting from oil and gas exploration companies around the world. Not surprisingly, many oil and gas stocks declined following the announcement. While this is […]
Another Oil Train Crashes as Alberta Government Gets Into Oil-by-Rail Business
Another Oil Train Crashes as Alberta Government Gets Into Oil-by-Rail Business The government of Alberta, Canada, the heart of tar sands country, recently announced plans to get into the oil-by-rail business. Attempting to work around a lack of pipelines, the provincial government intends to spend $3.7 billion to lease 4,400 oil tank cars and locomotives to export more Canadian tar […]
TAR SANDS OPERATIONS GO FROM BAD TO WORSE: Now Losing Billions A Month
TAR SANDS OPERATIONS GO FROM BAD TO WORSE: Now Losing Billions A Month The situation at Canada’s Alberta Tar Sands Operations has gone from bad to worse as the super-low oil price is now costing the industry billions of dollars each month. Unbelievably, the price for the Western Canadian Select heavy oil fell to a […]
Why Canadian Tar Sands Oil May Be Doomed
Why Canadian Tar Sands Oil May Be Doomed At current prices, Canadian tar sands oil producers are losing money on every barrel of oil they dig out. Despite signs earlier this year the industry would “turn profitable in 2018,” a much more likely scenario at this point is a fourth straight year of losses. Producers are forced […]
Derailed Oil Train Spills 230,000 Gallons of Tar Sands in Flooded Iowa River
Derailed Oil Train Spills 230,000 Gallons of Tar Sands in Flooded Iowa River On June 22, a train carrying Canadian crude oil derailed in northwestern Iowa, releasing an estimated 230,000 gallons of oil into a flooded river. As a result of the derailment, over 30 rail tank cars ended up in the water, with 14 cars confirmed to […]
Canada’s Pipeline Challenges Will Force More Tar Sands Oil to Move by Rail
Canada’s Pipeline Challenges Will Force More Tar Sands Oil to Move by Rail The Motley Fool has been advising investors on “How to Profit From the Re-Emergence of Canada’s Crude-by-Rail Strategy.” But what makes transporting Canadian crude oil by rail attractive to investors? According to the Motley Fool, the reason is “… right now, there is so much excess oil being […]
Canada’s Oil Crisis Continues To Worsen
Canada’s Oil Crisis Continues To Worsen Canadian oil producers can’t get a break. First it was the pipelines — there are not enough of them to carry the crude from Alberta’s oil sands to export markets. This pipeline capacity problem has been forcing producers to pay higher rates for railway transportation, which has naturally hurt […]
Is This New Tar Sands Technology a Game Changer for Exporting Canada’s Bitumen?
Is This New Tar Sands Technology a Game Changer for Exporting Canada’s Bitumen? A new technology has the potential to transform the transportation of tars sands oil. Right now, the already thick and slow-flowing oil, known as bitumen, has to be diluted with a super-light petroleum product, usually natural gas condensate, in order for it to flow […]
Will Canada’s Latest Boom in Tar Sands Oil Mean Another Boom for Oil-by-Rail?
Will Canada’s Latest Boom in Tar Sands Oil Mean Another Boom for Oil-by-Rail? Nothing seems able to derail the rise in Canadian tar sands oil production. Low prices, canceled pipelines, climate realities, a major oil company announcing it will no longer develop heavy oils, divestment, and now even refusals to insure tar sands pipelines have all certainly slowed […]
We are all Albertans now
We are all Albertans now It would be easy–too easy–to point to the wildfires which have devastated huge areas of northern Alberta near Fort McMurray, the hub of tar sands mining in Canada, and say that Albertans are reaping what they have sown. Yes, it’s true that climate change is coming to one of the very […]
“They Spent It All On Hookers, Blow And Fancy Toys” – Hedge Fund Manager Predicts Lower Oil For Longer, Quantitative Easing For The People, And A Gold Bull Market
“They Spent It All On Hookers, Blow And Fancy Toys” – Hedge Fund Manager Predicts Lower Oil For Longer, Quantitative Easing For The People, And A Gold Bull Market In 2011, as gold prices rocketed to $1900 and oil was trading above $120 a barrel, there were few analysts who saw anything but further gains. […]
Once Unstoppable, Tar Sands Now Battered from All Sides
Once Unstoppable, Tar Sands Now Battered from All Sides Canada’s tar sands industry is in crisis as oil prices plummet, pipeline projects are killed, and new governments in Alberta and Ottawa vow less reliance on this highly polluting energy source. Is this the beginning of the end for the tar sands juggernaut? In the summer of […]
“Canadians Should Be Concerned” As Energy Sector Job Losses Spike To 100,000 This Year
“Canadians Should Be Concerned” As Energy Sector Job Losses Spike To 100,000 This Year It’s grim up north… and getting grimmer. Amid soaring suicide rates, Canada’s once-booming oil patch is rapidly accelerating its downward trajectory. “Canadians should be concerned in times like these,” warned Tim McMillan, president and chief executive of the Canadian Association of Petroleum Producers, noting […]
