Rising oil prices and the global oil equation
The U.S. already imports over 2 million barrels a day from Canada. It did not protect us from rising prices in 2008, it hasn’t this time, and it never will.
The U.S. already imports over 2 million barrels a day from Canada. It did not protect us from rising prices in 2008, it hasn’t this time, and it never will.
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
When Canadian Prime Minister Stephen Harper met Barack Obama at the end of last week he asked the American president to support a highly controversial $7-billion pipeline that could double the amount of dirty tar sands that could be exported to the United States. TransCanada’s proposed Keystone XL pipeline has been on hold since last … Read More
Six years ago, in preparation for George Bush’s visit to the US, leaked Diplomatic cables by Wikileaks show that the ecological cost of the dirty sands was not seen as a diplomatic issue of contention. A message to President Bush by America’s Ambassador in Canada, noted that, in advance of Bush’s visit to Canada at … Read More
The industry’s PR response from Deepwater is shaping up nicely. This is the industry message: We will give you improved safety and you give us resumed drilling. The Gulf of Mexico represents energy security and jobs for the boys to boot. The tar sands of Canada also represent energy security, so if you let us … Read More
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
Disaster One. New estimates put the amount of oil per day pouring into the Gulf of Mexico at one million gallons a day. If this is so, BP’s disaster may have spilt more oil than the Exxon Valdez, when at least eleven million gallons poured from the stricken tanker. Disaster Two. There is another ecological … Read More
Two 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 … Read More
Oil Change International Staff Oil Change International was founded in 2005 on the belief that in order to facilitate the necessary transition towards a clean energy future and combat global warming, we must expose and counter the influence of fossil fuel money in politics, work toward a separation of oil and state, and follow the … Read More
Every link in the chain of oil production, from exploration through consumption, generates profound damage to the local environment and communities. As the industry moves towards increasingly risky forms of fossil fuel production, the impacts become more pronounced. A notable Harvard Medical School study identifies impacts from many aspects of oil production. Exploration for new … Read More