Author Archive for Lorne
Big oil’s race to the bottom is underway and tar sands producers have a head start
2 Comments Published by Lorne Stockman February 6th, 2010 in oil demand, oil sands, tar sandsTwo stories from Canada’s Globe and Mail this week highlight the emerging reality that the oil industry in North America is downsizing; although the commentary mostly misses the underlying trend that is staring it in the face.
Firstly, the G&M highlighted an analyst note from Toronto-Dominion Bank, which warned of a glut in oil supplies due [...]
“Shock waves of anxiety” over Shell’s tar sands move
2 Comments Published by Lorne Stockman January 27th, 2010 in Canada, Energy Security, oil sands, tar sandsRemarks made by Shell CEO, Peter Voser to the Financial Times Energy Editor that his company has “clearly scaled down” its plans for a massive expansion of tar sands production should send waves of anxiety through the Canadian oil industry and a serious rethink among energy security hawks in Washington.
Since the middle of last year [...]
