On the same day the Obama Administration put the kibosh on the Keystone XL pipeline, two engineering contracts totaling $12.2 billion were awarded to two U.S. companies for work in the Alberta oil sands. One included a $750 million contract to a Chicago-based company for work on Exxon’s huge Kearl Oil Sands project, one of [...]
As I head down to Washington to speak at the ASPO-USA (Association for the Study of Peak Oil and Gas) 2010 World Oil Conference this week, I can’t help but reflect on how far the peak oil movement has come over the last decade. It’s not too hard to figure out why. There is a [...]
Is there heartache in the heartland? As Albertans shoulder the weight of a new $4.5 billion budget deficit (not to mention the burden of equalization payments to the rest of Canada) despite the fact that they own the world’s largest oil reserve open to private investment, some might suggest that something is seriously amiss in [...]