Canadian Pipedream

March 30, 2011By Lorne StockmanBlog Post, Featured 4 Comments

Why Canadian oil does not make America secure Political turmoil in the Middle East once again exposes America’s dependence on oil and its vulnerability to global price spikes. On Capitol Hill, Big Oil’s political lackeys are stepping up their campaign for supply solutions and the current must-have item on their list is the Keystone XL … Read More

Here we go again! Blah baby Blah

February 24, 2011By Lorne StockmanBlog Post, Featured 1 Comment

As oil prices surge in response to the appalling violence in Libya, the House Natural Resources Committee offered their usual worn out suggestions for addressing America’s vulnerability to oil price shocks; more domestic drilling. Clearly energy only means one thing to this GOP dominated committee, fossil fuels. Domestic drilling may help Americans feel like something’s … Read More

Reserves Replacement Ratio in a Marginal Oil World

December 4, 2010By Lorne StockmanReports

Our research found that at least four of the top six IOCs have significantly relied on tar sands reserves additions to support RRR rates in the past five years. As a percentage of total liquids additions, tar sands represents between 26% and 71% of reserves additions for these four companies.

The IEA acknowledges peak demand is needed

December 4, 2010By Lorne StockmanBlog Post, Featured

This year’s IEA World Energy Outlook (WEO) contains a startling peak oil prediction. In order to prevent climate change getting out of control, global demand for oil should peak by 2018 at only 1 million barrels per day (Mbpd) more than today’s demand level. While the IEA has been much criticized for denying peak oil … Read More

Tar Sands in Your Tank

May 10, 2010By Lorne StockmanReports

  This report reveals that petroleum products containing tar sands crude oil have been regularly entering the EU’s petroleum supply chain for some time, primarily through imports of diesel from the US Gulf Coast. If the proposed Keystone XL pipeline is built, bringing tar sands from Alberta to Gulf Coast refineries, the amount of tar … Read More