Author Archive for Lorne
BP’s full steam ahead on tar sands; and the rest of us be damned!
0 Comments Published by Lorne Stockman March 29th, 2010 in Climate Change, oil sands, tar sandsIn the course of the past month, BP tripled the number of tar sands projects it’s developing, from one to three.
While it rocked the tar sands industry back in December 2007, with its announcement of a joint venture with Husky that reversed its 1999 decision to avoid tar sands projects, the following two years saw [...]
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 [...]
