Tar Sands

Will Canada be Our Salvation?

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There have been occasional claims from U.S. media sources that oil from Canada, specifically oil from the Athabasca oil sands region, can be the salvation for US oil woes in the future, assuming drilling everywhere in the US doesn’t do the trick. An example of such optimism was exemplified in a 60 Minutes segment about a year ago which gave the impression that the Athabascan region could supply much of the future U.S. oil needs.

Fatih Birol interview on Youtube for the film “PetroApocalypse Now?”

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Fatih Birol talks the talk on peak oil – In this 40 minute exclusive interview for my film “PetroApocalypse Now?” I interviewed Fatih Birol, Chief Economist of the IEA about reserves, the USGS, technology, demand and recession, solutions and peak oil. (Also, a mini-review of the film)

The squeeze is on

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“I’d rather you didn’t mention the company by name. In fact, better not mention my name, either, because the story is a disaster. We don’t want (the information) out yet.”

From an officer in a small oilsands company – call him Don Fischer, – that comment sums things up for many juniors. Fischer argues, however, that the recent meltdown in global financial markets is only the killer blow in a credit squeeze within Canada’s petroleum sector that has been developing for three years.