Like the illusion of Wall Street, with its vast and powerful investment banks, now shuttered, China too is an illusion perpetuated by the Globalists that gave us the 15,000 mile Caesar salad, poisoned cat food and lead based paint on babies' pacifiers. Like the illusion that money would come from thin air to always push housing prices higher, China has spent a generation pursuing its illusion. Pursuing an unattainable dream to be like the West, while 6000 years of its carefully shepherded top soil blows into the sea.
Posted: Sat Oct 29, 2005 8:19 am Post subject: Oil Sands Could unseat Saudi Arabia at Worlds # 1 Oil Produc
Quote:
Oil sands could unseat Saudi Arabia
Senator Orin Hatch, DOE’s David Conover tell D.C. forum that oil sands could make Canada world’s oil giant, needed in U.S.
Gary Park
Petroleum News Canadian Contributing Writer
Two authoritative U.S. voices agree that the Alberta oil sands are a key ingredient of North American energy security, which could see Canada become the world’s oil powerhouse.
Republican Senator Orrin Hatch of Utah said that as global energy demand rises, the U.S. will need access to oil sands supply.
“Anyone watching what is happening up north will recognize that, before long, Canada will inevitably overtake Saudi Arabia as the world’s oil giant,” he told reporters after speaking at the Canadian embassy in Washington.
“It means that the United States can enjoy a new gigantic source of oil from a friendly neighbor.”
To that end, he cautioned the Canadian government not to engage in “irresponsible” threats of diverting oil production from the United States to China.
“Neither of us can afford to kick the other one in the teeth,” he said, referring to the annual two-way trade of C$500 billion a year.
“Canada doesn’t want to lose that,” Hatch said. “We certainly don’t want to lose that.”
A strong advocate of closer energy ties, he appealed for cooler heads to prevail in the acrimonious softwood lumber dispute.
Canada’s ambassador to the U.S., Frank McKenna said the prospect of exporting oil sands production to China has surfaced because the U.S. has challenged the constitutionality of (the North American Free Trade Agreement).
“As a matter of prudence we are simply saying that we should be … diversifying our markets as much as we can.”
Alberta Energy Minister Greg Melchin told the same forum that developing new markets for oil was a natural course to pursue after his province’s beef industry was hit hard by a U.S. ban on imports.
But he agreed with Hatch that there was no point in threatening trade retaliation in one sector because of anger over Canada’s treatment in another.
“I don’t think you succeed … By destroying those things that work,” Melchin said.
DOE: U.S. needs oil sands
David Conover, the U.S. Department of Energy’s assistant secretary for international affairs, told a live and Web cast audience from the forum that the United States can’t meet its future energy needs without the oil sands.
However, before the United States can reduce its reliance on OPEC supplies, there must be answers to high labor and production costs in the oil sands and the shortage of pipeline and processing capacity must be addressed, he said.
BP Vice President Aidan Mills said the worldwide decline of benchmark light sweet crude is good news for the oil sands.
“But the key challenge is market access, especially to areas where it can be most competitive,” he said.
“Further development of pipeline capacity to the U.S. Midwest is critical. The oil sands will be at risk if it is not built.”
On the trade front, Canada’s Trade Minister Jim Peterson categorically ruled out using oil and gas exports as a weapon to settle the softwood feud.
Although the United States is threatening to undermine the 11-year-old NAFTA pact by not honoring the decisions of dispute panels, there should be no attempt to link oil and gas with softwood.
Canada moving ahead on Asian trade
Even so, the Canadian government is pressing ahead with plans to open a wide trade sphere with Asia.
Transport Minister Jean Lapierre announced Oct. 21 that a C$590 million federal “down payment” is being made to establish a Pacific Gateway in British Columbia to ease roads, rail and border bottlenecks to Asia-Pacific trade. An initial C$190 million will be matched by the provincial government.
The plans include a new C$170 million container terminal at Prince Rupert in northern British Columbia.
Selling the province as a hub for trans-Pacific trade is getting a further boost this month when a trade delegation of about 400 people from China’s Guangdong province arrives in Vancouver to explore new investment and trade possibilities.
Joined: Apr 28, 2005 Posts: 3913 Location: West shore Lake Eire, MI, USA
Posted: Sat Oct 29, 2005 9:31 am Post subject: Re: Oil Sands Could unseat Saudi Arabia at Worlds # 1 Oil Pr
Considering these people have insider access to real data I have to ask, what the heck is wrong with the air in Washington D.C.?
Tar Sands are wonderful blah blah blah.....but they are never going to come close to replaceing SA on the world market! When SA hits depletion, or admits hitting depletion, the best the Tar Sands can hope for is to lessen the impact. _________________ Always appeal to a man's enlightened self interest, you can trust him to look out for himself honestly, It's when you appeal to his Honor or the Common Good that he stops paying attention.
Posted: Sat Oct 29, 2005 9:32 am Post subject: Re: Oil Sands Could unseat Saudi Arabia at Worlds # 1 Oil Pr
How many times do we have to hear about the "promise" of the tar sands?
The tar sands use too much natural gas to be able to increase production much more. They could use another source of heat, but it was cheap natural gas that made the tar sands worthwhile in the first place. Maybe the tar sands are slightly energy positive right now, but they will never be a replacement for conventional oil.
Joined: Oct 12, 2004 Posts: 1012 Location: In the suburban sea of strangers
Posted: Sat Oct 29, 2005 10:29 am Post subject: Re: Oil Sands Could unseat Saudi Arabia at Worlds # 1 Oil Pr
Quote:
“It means that the United States can enjoy a new gigantic source of oil from a friendly neighbor.”
That's from my very own Utah Senator Orrin Hatch. I'm so proud.
Here's another good one:
Quote:
"Those who doubt that unconventional fuels are economically viable probably are suffering from a neck ailment that keeps them from looking north."
To his credit, He is a US Senator who has actually said the words:
Quote:
"We should take note that our major oil companies, including Chevron and ExxonMobil, are beginning to state publicly that we may be reaching peak oil."
Posted: Sat Oct 29, 2005 10:42 am Post subject: Re: Oil Sands Could unseat Saudi Arabia at Worlds # 1 Oil Pr
Quote:
How many times do we have to hear about the "promise" of the tar sands?
Get ready for whole tsunamis of bullshit. _________________ "By the time individuals discover that remaining resources will not be adequate for the next generation, the next generation has already been born. " David Price
Posted: Sat Oct 29, 2005 8:23 pm Post subject: Re: Oil Sands Could unseat Saudi Arabia at Worlds # 1 Oil Pr
Wahoo 100 more years of pollution and exponential growth. This is not the answer, when will the truth become apparent, when the last tree has been cut down? No, more oil is not the final solution all it does is compound the problem.
Joined: Apr 05, 2005 Posts: 1658 Location: Springsteen Country (NJ)
Posted: Sat Oct 29, 2005 11:39 pm Post subject: Re: Oil Sands Could unseat Saudi Arabia at Worlds # 1 Oil Pr
ravensburg wrote:
Wahoo 100 more years of pollution and exponential growth. This is not the answer, when will the truth become apparent, when the last tree has been cut down?<snip>
If you know the story of Easter Island, you know the answer to your question, I'm afraid. _________________ Joe P. United Political Debate
"Only when the last tree is cut; only when the last river is polluted; only when the last fish is caught; only then will they realize that you cannot eat money." - Cree Indian Proverb
Joined: Oct 12, 2004 Posts: 1647 Location: Davis, California
Posted: Sun Oct 30, 2005 3:21 am Post subject: Re: Oil Sands Could unseat Saudi Arabia at Worlds # 1 Oil Pr
sure after they do that miracle maybe I'll go punch out God. _________________ Joseph Stalin "It is enough that the people know there was an election. The people who cast the votes decide nothing. The people who count the votes decide everything. "
Posted: Sun Oct 30, 2005 4:47 pm Post subject: Re: Oil Sands Could unseat Saudi Arabia at Worlds # 1 Oil Pr
.
It takes 600 million cubic feet or NG to produce 1 million barrels of usable crude from the tar sands. The US uses 20 mb of crude a day and there is 30 days in most months. Also, the US produced approx. 19,500 million cubic ft of NG in June 2005. Send this to you Congressmen with a $3 TI calculator and state, “please check my math”.
Posted: Sun Oct 30, 2005 5:07 pm Post subject: Re: Oil Sands Could unseat Saudi Arabia at Worlds # 1 Oil Pr
shortonoil wrote:
It takes 600 million cubic feet or NG to produce 1 million barrels of usable crude from the tar sands. The US uses 20 mb of crude a day and there is 30 days in most months. Also, the US produced approx. 19,500 million cubic ft of NG in June 2005. Send this to you Congressmen with a $3 TI calculator and state, “please check my math”.
Your figure for U.S. natural gas production isn't correct. The U.S. produces over 50 bcf (50,000 mcf) daily. Therefore, U.S. production exceeds 1.5 trillion cubic feet per month.
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How many times do we have to hear about the "promise" of the tar sands?
