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Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?

To: Crocodile who wrote (5876)	6/10/2007 10:29:36 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 24231

Another Near Miss?Submitted by julian darley on Fri, 2007-06-08 21:32. A huge forest fire looks as if it will now miss the tar sands central city of Fort McMurray. A few days ago, Cyclone Gonu narrowly avoided causing petroleum havoc in the Persian Gulf. Either of these events could trigger severe spikes in the price of petroleum. In either case the damage could have been long lived if petroleum processing installations had been hit. Neither of these events was in most analysts' top ten list of trigger events. For now these events may soon be forgotten, though not by those who have lost family and friends as in Oman. It is often suggested that if an event does prove the trigger for some kind of serious oil supply disruption (including a huge price run-up) then it will be caused by some completely unforeseen events. This is hardly very reassuring for those charged with keeping public services running and keeping the supply chains filled. It is however yet more reason to begin planning for an orderly transition away from oil dependence. Forest fire edges toward Fort McMurray cbc.ca Last Updated: Friday, June 8, 2007 \| 9:04 AM MT CBC News Firefighters are busy Friday morning trying to stop Alberta's biggest forest fire from advancing toward the northern city of Fort McMurray. The fire has spread over 150 square kilometres, making it the largest one burning in Alberta and the only blaze deemed out of control. Wind has been blowing the smoke into Fort McMurray for the past 24 hours. Fire information officer Rob Harris said the smoke hasn't been enough to cause problems, but firefighters are counting on another wind shift to clear the smoke and help them hold the line on the east side of the fire. "It's going to be a test over the next day because of the winds, but after that it looks like Mother Nature will start working in our favour and start blowing that fire away from town again." postcarbon.org

To: Crocodile who wrote (5876)	6/26/2007 3:40:11 PM
From: Wharf Rat	Respond to of 24231

OK, Croc, put down that camera. Make yourself useful. We need energy slaves. UPDATE 1-US demand for Canadian oil seen doubling in 8 yrs Mon Jun 25, 2007 10:42 PM BST By Jeffrey Jones CALGARY, Alberta, June 25 (Reuters) - U.S. demand for Canadian oil is expected to double in the next eight years, and domestic use could jump 44 percent as Alberta's oil sands output surges, the Canadian oil industry's main lobby group said on Monday. However, that production growth could be tempered by the same problems that have plagued the oil sands industry throughout this decade -- labor shortages and inflation in the cost of materials like steel, the Canadian Association of Petroleum Producers said. U.S. refiners could use 3.1 million barrels a day of Canadian crude by 2015, a volume that exceeds the country's current oil output by 29 percent, the association said in its annual crude oil forecast. Canada is already the biggest foreign oil supplier to the United States, ahead of Saudi Arabia and Venezuela, shipping about 1.6 million barrels a day in 2006, CAPP said. "This is the first time we went out and did a review of refineries and found many of them looking more to the North than they had in the past. We heard more talking about refinery reconfigurations," CAPP Vice-President Greg Stringham said. "I think that in itself is caused by their realization that the oil supply is going to be growing ... they're saying even that gives them the momentum to start making the adaptations they need to do to their refineries." Continued... © Reuters 2007. All Rights Reserved. \| Learn more about Reuters < Previous 1 \| 2 investing.reuters.co.uk