Capitalism Caps Tarsands Expansion

No need for the Blogging Tories, Harpocrites or Fast Eddie Stelmach to get all in huff over the need to cap or reduce the rapid expansion of the tar sands.

Capitalism will take care of that.....for a while... until oil prices go up again....

Low bids stymie Petrocan oil sands auction

But with the price of oil down more than 20 per cent from a peak in 2006, passion for the oil sands has lessened, in part because of the high cost of developing projects in northeastern Alberta.

Interest in the oil sands can vary from week to week. On Jan. 10, the Alberta government said exploration rights for about 200,000 hectares of oil sands territory generated $134-million. Two weeks later, oil sands rights raised only $500,000 for less than 6,000 hectares. Another sale will be announced Wednesday, which is expected to attract more interest, as are more sales in March.

Another Fire Sale of Alberta's resources, with a 25 year exemption on Royalties!!!

Lougheed was right we need a plan for expansion of the oil sands, but that is not likely to happen as this is the same government that sold off its assets like liquor stores, highway construction, etc. at fire sale prices.

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Who Said It First

The echo chamber of the Blogging Tories, the National Post and the New Canadian Government, having all the Alberta MP's , have now gotten through to their pals in the Media Room of Premier Ed Stelmachs office. Which prompted his latest Klein like outburst.

But before Mark Holland of the Liberals said anything about the need to slow down tarsands development this guy said it first, and not a peep, nary a word, not a comment from the BT's or the Harpocrites, heck not a word from Fast Eddie either.......


Former premier, Peter Lougheed criticizes oil sands development

CALGARY, Jan. 24 /CNW/ -The next episode of Energy-TV includes a candid
interview with former premier, Peter Lougheed following his keynote address at
the Oil Sands Supply & Infrastructure conference in Calgary. Lougheed
delivered a speech that was critical of both the petroleum industry and the
provincial government's management of oil sands development.
In an exclusive Energy-TV interview, Lougheed bluntly discusses his
concerns about the rapid oil sands development including a call for a review
of the capital expenditure aspect of oil sands projects and how the rising
cost overruns are impacting the royalties collected from oil sands reserves.
He also examines alternatives for cleaner oil sands development, such as not
using natural gas for bitumen production, alternative energy sources and his
views on fresh water use.

Former premier says bitumen should stay in Alberta

Tuesday, January 16, 2007

Lougheed told delegates at an energy conference in Calgary on Tuesday that the provincial government should firmly link the licensing of new projects to the processing of bitumen at home.

"I just find it completely unacceptable that our resource involves shipping jobs down the pipeline with bitumen to the United States."

Lougheed, the keynote speaker at the two-day Oilsands Supply and Infrastructure conference at the Hyatt Regency, said shipping bitumen south is a temporary solution in an overheating economy, but it shouldn't be part of the long-term plan.

Note the dates, and this is not the first time Lougheed has said this......

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Shower With A Friend

That is Alberta Preimer "Fast" Eddie Stelmach's suggestion to Albertans. Big Oil is not responsible for greenhouse gas emissions, no siree, its you and me he says.

Stelmach promised that his government will set mandatory emissions intensity targets this spring, but he suggested individual Albertans can help by conserving electricity and hot water.

And of course following that logic we all use much more water than the TarSands do, NOT, so we should all shower with a friend to help save Alberta's water. Can you spell goof; EDDIE.

The premier said it's wrong to place all the blame for greenhouse gases on the energy sector.

"The energy sector is number 1 (in emissions), but of course every time you put on your lights in the house or turn on your TV, you're using electrical energy," said Stelmach.

"So it's going to require all Albertans working toward one common goal."

In dry Alberta, conflict over water has been going on for years, fuelled by an industry that, it's estimated, requires between two and 4.5 barrels of H2O to produce a single barrel of crude. Moreover, while Canada boasts 20% of the world's freshwater, Alberta gets by with only 2.2%.

As I said here before when Conservatives accept the need to do something about Global Warming they will say it is an individual problem, not a problem of capitalism.

The reason for the outburst is Fast Eddie is all upset over comments made by the Liberals but was deafeningly silent over threats from his pals in the New Conservative Government of Canada to introduce a new NEP.

And Eddie claims voluntary caps are working!! Funny that's not what Harper and Baird say.

But Mr. Baird did say something of great note, something that those in the business community, especially oil and gas, have been lobbying successfully against for 15 years. Said Mr. Baird: "Voluntary compliance is not enough. We actually have to regulate. Those regulations have to be enforceable." And, he said, these regulations will be tougher than anything the Liberals ever proposed.

Someone should get the Federal and Provincial Tories on the same messaging page.

Oh wait they are, the Feds want to cap "emmision intensities", which will NOT result in a decrease in Greenhouse gases as Alberta has already shown.

And Fast Eddie needs his newly appointed Tory Media hacks to properly brief him, they are no longer working for the Sun.....

Stelmach also threw out some figures Monday suggesting Alberta has taken a leading role in reducing greenhouse gas emissions.

"Alberta is the only province on record that has actually reduced CO2 emissions by 16 per cent," he said.

But the premier later conceded he was talking about so-called emissions intensity, which is a measurement against the growth in industrial production rather than a total measurement of what's coming out of the smoke stack. If a company increases emissions at a slower rate than it increases production, then emissions intensity is reduced even though absolute emissions have increased.

An Alberta Environment official later confirmed that total emissions have increased by 40 per cent since 1990, but emissions intensity is down by 16 per cent over the same period.

Ouch!!!

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Stelmach

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TarSands

Alberta

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Feds Attack Alberta Again

Repeat after me Income Trusts are the New NEP.

Klein calls on PM to withdraw trust tax

Then there is Harpers musing of including natural resources as part of his fix for the fiscal imbalance. Which is NEP2.

Is this Harpers real hidden agenda? To promote Alberta Separatism.

Get out the guns and the survival gear, let's build that firewall around the Republic of Alberta.

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