Canadian Oil

CP

Don't Confuse Peter MacKay's Pipeline Claims For Facts

There is a catechism of the fossil fuel industry, with oft-repeated claims that seem by repetition to escape examination. Peter MacKay's recent opinion piece on pipelines was a veritable greatest hits compilation of such claims. He writes that "pipelines are by far the safest means of transporting oil." The first muddying of facts is the notion that we are talking about shipping oil. All the current pipeline proposals, including Energy East, are primarily about shipping unprocessed bitumen. Bitumen is in a pre-crude state and can only be casually referenced as "oil" if one accepted the idea that grain should be referred to as "croissants" when discussing markets.
Getty

Bad Omen For Canada's Economy

OTTAWA - The sting of lower oil prices has dampened the confidence of companies when it comes to future sales growth, investment and hiring, the Bank of Canada's latest business outlook has found.The...
Roger Milley via Getty Images

Canadian Oil Can Make the World a Safer Place

Given Canada's proximity to the United States, we tend to take our peace and security for granted. This comfortable distance from most of the world's violence has also led us to underestimate how useful Canada might be in defusing threats elsewhere using an item some people overlook as leverage: energy. Canadians might have a general sense that oil in particular matters to world affairs; but given that Canada has never been a superpower, it has never been responsible for the wider world order to ensure that oil (or natural gas) flow to countries that need it. Given recent developments at home and abroad, that blissful unawareness merits re-thinking.
Tom Pennington via Getty Images

Pipeline Construction Would Boost Government Revenues

Discussions surrounding the need for new pipelines to transport Canada's oil to market have been a dominant economic, environmental and political issue for the past several years. Canada's overwhelming reliance on the United States as a customer, the U.S.'s growing energy self-sufficiency, and limited pipeline infrastructure have placed a low ceiling on the prices Canadians are able to secure for our energy exports.
Zack Embree

Heartbreak at the Edge of Canada's Tar Sands

"Here," said a Heiltsuk friend as we began the walk, "put this in your pocket, it will help protect you." She handed me a piece of dried Devil's club bark, medicine from the B.C. coastal rainforest to carry with me as we walked by Alberta's tar sands facilities. Strong medicine was definitely in order as my lungs hurt, heart ached, and eyes welled up with tears with all that I witnessed.
CP

Media Bites: Maybe China Will Take Over the Liberal Party Too

A couple months ago, the China National Offshore Oil Coporation announced that it would like to purchase Calgary oil firm Nexen. And the speculation began. If you're praying for a quick end to all this China intrigue, rest assured, you're not alone. But at least it keeps our minds off what's fast becoming one of the more depressing trends in Canadain politics: how the sudden resignation of Premier McGuinty seems to have triggered a mass exodus of his party's senior braintrust.

Canadian Jobs Lost to the Tar Sands

Just because something is a bit complicated, it doesn't mean you can ignore it, especially when it's hurting you. Thanks to increased oil production, we now have a petro-dollar that rises and falls with the price of oil. And, with oil being a finite commodity, its price will only rise, taking our dollar and manufacturing jobs in Ontario and Quebec along with it.
AP

TransCanada Agrees To Reroute Pipeline

CALGARY - TransCanada Corp. said Monday it has reached an agreement with the Nebraska government to change the route of its proposed Keystone XL oil pipeline in order to avoid the ecologically sensiti...
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Sunday Roundup: Berlusconi a Loss for Comedians Everywhere

Yesterday's resignation of Italian Prime Minister Silvio Berlusconi is a loss to comedians everywhere. Which other world leader can possibly fill the void? It was easy to bid "avtio" to George Papandreou earlier this week. Aside from his comically large moustache, there was nothing very funny about the way he drove Greece into bankruptcy, while threatening to take the whole rest of the EU down with him. But give Berlusconi this: the guy steered his country to ruin with, well, not style exactly -- maybe chutzpah. It's one thing simply to overpay state workers -- quite another to host "Bunga Bunga" sex parties while your country burns.