I suppose it’s only natural that the nation that’s soon to be the world’s largest consumer of oil should seek access to what will soon be the world’s largest source of new oil supply (which will happen even sooner if deep-water oil production is about to get nuked).
The acquisition of a nine per cent share [...]
Posts Tagged ‘Venezuela’
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 [...]
Governor Arnold Schwarzenegger and his Midwestern colleagues had better think twice before banning carbon-dirty fuels such as the oil made from Canadian tar sands. If they don’t like the fuel Canada has to offer, their only other choice is to get off the road entirely.
Like it or not, synthetic oil from Alberta’s tar sands is [...]
This is what you won’t be reading from the official press release following next week’s OPEC meeting in Angola.
Member states are guzzling tons of their own oil and have less and less stuff to export to you. Fortunately, since oil prices are almost four times higher than they were a decade ago, those states can [...]


