You Canadians, All Smug With Your Oil and Stuff

Just wondering how long after Keystone XL is cancelled that we'll see bumper stickers in Alberta:
"Let Those Yankee Bastards Freeze In The Dark".

No need to worry about us, neighbor. We'll just burn politicians for heat and light.

With the Saudis overstating their reserves, this could be a lot closer, why do we see so much terroism? Could be the days of unfettered palace building and living the kings way are slowly fading into a desert sunset. This is great news, must have greenpeace and the Pembina soft dicks so giddy. Canada, with its solid smart economist at the helm, is the place to be, thank God the election went against the Canadian medias, and assorted malcontent greenies annointed doofus Iggy, or him and Jack would be chaining themselves to a pipeline about now.

Of course, the validity of the charts presupposes that we trust the reserves evaluators. Does Saudi really have that much more, or is it all a PR game, like OPEC?

Does somebody know if Canada's ~80 years reserves are for Canadian use, or World use? This will make a huge diference in interpreting the graph.

And ethical oil on top of that.

and not counting uranium, potash, natural gas, coal . . . and that is just in Kate's backyard in Saskatchewan.

Fred R: the Canadian R/P is 150 years; the 80 mark belongs to Iran. This ratio is reserves divided by current production, so as production ramps up the ratio will fall quite rapidly. CAPP forecasts would put this ratio down around 50, but reserves may increase significant if the Grosmont formation is proven out as "producible" in current pilot tests.

Fred R. - I read that our proven reserves are 175 billion barrels, and at our current production that will last us 150 years.

I also read that Saudi's 200 Billion barrels will be depleted in 75.

Also the proven reserves go up drastically with small advances in in-situ oilsands production or increases in price, as there are 1.7 TRILLION barrels in place in the oilsands only10% is accounted for in the above.

If the Americans don't want it, the Chinese do.

I read an article once, sorry i have no link, that explained how OPEC allocations worked. Basically, each country in OPEC gets to produce oil based on their reserves volume.

The article showed a graph that illustrated how the reserves in these countries increased once their allowed production was based on these reserves.

Now maybe they did not put much effort into their reserve number before it mattered, or maybe they were sandbagging, but the year over year increasing reserves did bring into question the validity of their number.

Additionally, when looking at reserves, keep in mind that the number is how much oil can be produced at today's prices with today's technology. This is an ever moving moving number as we go forward.

duffman >

"If the Americans don't want it, the Chinese do."

Yup, and I wonder which one of them will decide to just come and take it first, when they need it the most of course.

Mark D:

May I suggest starting with Bawney Fwank? Fat burns better than muscle and brains.

Found a link

http://inteldaily.com/2010/12/middle-east-opec-reserves-revisited-claimed-opec-reserves-are-overstated-by-approximately-340-gb/

Well the way i see it is this

People act like there is no more oil being made by the earth that's the biggest thing , i say as long as thing's are dying and techtonic plates are moveing (look at japan and chile) and there is lot's of heat ...the earth is still creating more oil and gas and coal and all of that .

we just need to figure out at what rate we are consuming it as apposed to how fast the earth is creating it my guess is that we are not near consuming as much as the earth is producing!!!

aagin that is my thought ann my opinion eighty year 150 years what ever ...so tell me howm any years worth of tree's do we have ? or how much concrete do we have left? or gold and silver and platinum thos are all important part's of our world to maybe not as important and oil ,and such but still important!!! these to me are all from the earth they were made by the earth and are still made by the earth !!!!

Suddenly I'm feeling this urge to put on a shemagh and make my wife wear a tent...

Absolutely imperative that this country be able to ship oil off the west coast. Whether from Kitimat or Vancouver. We are losing about $5 to $8 per barrel selling only to a USA market. It goes beyond the business side as well. It is a national security issue as well. If Canada is to be the commodity store house for the USA then we need a stronger bargaining position. Issue over trade and Artic development demand this. This is one economic development strategy the CPC should be pushing.

Should correct headline from Canada to Provinces, Canada doesn't own any oil. The Provinces own the resource. A few other facts, if you add in Sask. share of the Oil Sands, Western Canada alone has more oil than the Saudi's. As to the Saudi's share it is depleting fast. Ghawar the largest conventional oil field in the world is watering out. When it goes down it will take 6M barrels per day out of the supply, Cantrell in Mexico has plunged from 4M per day to around 700,000 per day, they are toast. Just those 2 fields alone mean a shortfall of 10-12M barrels a day for the USA to make up. The US once they dumb the community organizer will be scrambling for Western Canadian Oil. Better get the CN plan for 4M barrels of oil per day by tanker car out of Alberta to the BC coast ramped up, and do an end run around the Enviroweenies and the Indian Bands who want more grease.

I am dreading the impending demand for a pipeline to Eastern Canada. After all the West bashing from the East they will still likely come with demands and chin up even when they are in no position to make demands. Those in Eastern Canada (not all of them) that have no idea how the world works outside of Toronto should soon find that their number one asset all this time was living close the USA, a parasite only lives until the host can no longer support the parasite. Once the pipeline to the BC coast is in place the West will be open for business in a huge way. Why has the pipeline not progressed? What is the hold up?

What is the hold up?

David Suzuki

RFB: It should be pointed out that Canada, not the Provinces, owns the off shore oil and gas. Despite what the Provinces think.

It always amazes me when central Canadian's talk about 'Canada's oil' they always look west when if they where to turn around they would see Provinces really taking Canada's oil royalties for themselves.

Ron in Kelowna and AB Energy, you are both wrong. There is a problem with the China-Asia market. The American environmental lobbies are spending billions to block Gateway. They're funding every nickel and dime environmental group and aboriginal band they can lay their hands on. Suzuki is a tool, not the source of the problem which is big foundation environmental funding out of the US.

ct, I agree, but how do you smack down the monster funders in the US fomenting eco-insurrection here?

Oops! I missed the bottom axis. The graph makes sense now. Go Canada!

ABEnergy-the hold up is a well co-ordinated campaign by environmentalists. BC dippers and liberals have bought into the quaint idea that all major projects require aboriginal approval before construction. The enviro's (mostly funded by big US foundations) are funding the aboriginals to oppose any development.

As near as I can ascertain the only two people who have tackled the issue are Ezra Levant in his book Ethical Oil (well worth reading) and a BC researcher Vivian Krause (whose blog is well worth bookmarking) See here for a sprinkling of the opposition

http://fairquestions.typepad.com/rethink_campaigns/36-organizations-paid-by-tides-excerpts-of-usa-tax-returns.html

As ever the federal government, who have jurisdiction over transportation and pipelines, is asleep at the switch. The BC government is clueless, and I predict will give in to to the enviro's and indians.

Alberta had better wake up and build some pipelines south if it actually wants to benefit from its oil wealth.

I am pretty sure we have a lot of oil shale, a lot of it, that will become economic at some point. We will ditch this bunch of losers, this kakistocracy, that is running our country soon enough.

Also, I think a lot of our reserves are not "reserves" because there is a piece of paper some where that says they are not. We will see how that holds up when things get dicey.

We'll just burn politicians for heat and light.

Burning dung smells less badly, MarkD.

Cascadian, google CN Pipeline By Rail. This is a sweet kick in the wheelweights for all the Enviroweenies and the Indian Bands. CN Rail has been moving Alberta Oil by rail for 30 years. They are upgrading and redesigning rail cars so they can move up to 4M barrels of oil perday anywhere in North America. No enviromental studies or payoffs required. CN has all of that done already. They can ship to Rupert, Vancouver or any point on the US west coast and load tankers. They have been shipping oil into Vancouver for 30 years.

Not to be crass but why aren't the oil companies outbidding the environmentalists? The Green's money and attention will only last until the pipeline is killed off. The oil companies could offer Indian bands a tiny percentage of the pipeline profits and that income would last for decades.

It's been said before.....

Drill, baby, drill.

Please forgive me for repeating something I said here years ago but if life on Earth was like a game of Monopoly, Canada started with the deeds to the Blues (oil), Greens (water) and Yellows (grains).

RFB-thank you for that information, it certainly seems that CN could end-run the enviros.

However, I am very negative about the possibility of BC approving any port facilities to handle this oil, both parties are very much afraid of taking on the enviros.

Though it pains me to say so, direct that oil to the south and east.

rode back in a plane from Qatar with a Saudi Aramco engineer. he said , everyone knows we overstate our reserves by 40% . Everyone except maybe the Euroweinies and the good ole USA.

Fred R. - I read that our proven reserves are 175 billion barrels, and at our current production that will last us 150 years.

I also read that Saudi's 200 Billion barrels will be depleted in 75.

Posted by: Oxygentax
__________________________________________

I also heard recently that Canada's estimated oil sands could fuel the whole world by itself for 100 years. We're just getting started.

Cascadian, the problem is that that's about the limit for the rail system. CN rails are pretty much loaded now, so any significant increase in oil shipments would mean an increase in the rail lines themselves. And through BC, that's prohibitively expensive. That's why the pipeline is needed. The enviro-weenies know that as long as there's no pipeline, the production from the oil sands is capped.

The Politicans better keep the lights going. Bad things happen in the dark.
Particularly when political Dogma replaces reality. Then the people who have pilfered it all are the only ones left to see in the black. On gated estates.
Human nature will than take its grisly toll.
Those Peasent riots happend with alarming regularity in days of yore.

About two years ago a pipeline was being laid along the Yellowhead Highway west of Jasper National Park and it appeared to continue on after the #5 Junction. It appeared to be about 2 feet in diameter. Was this an oil pipeline?

I live very close to the proposed route for the Enbridge pipeline to Kitimat. The greenies and the natives are constantly screaming about this. Enbridge can buy off the natives but I don't know what will (legally) stop the greens.

Couple of points. I see some comments no tankers in BC. Why has it been OK for oil tankers to come into the East Coast for the last 70 plus years and even enter the Great Lakes and go as far up as Toronto, and US Ports. But No Tankers in BC. Alberta has already been shipping oil to Vancouver for 30 years by rail seems to be very safe. How does BC get its gasoline diesel and oil right now? By tanker boys and girls. CP and CN have been working on this Pipeline On Rails since at least 2005/07. It is very advanced in planning. I see some thing the cost would be against it, wrong. The Pipeline would cost at least 4B-10B by the time you payed off the Indians. CN and CP would just add cars and start hauling. What they need is the tank farm in Rupert and expand the one in Vancouver and bring in the tankers. BC does not control the ocean. The US is already shipping oil by tanker from Alaska and has been for many years. It will happen. Build no pipelines east or anywhere else, use the rail. http://network.nationalpost.com/np/blogs/francis/archive/2009/04/09/cn-s-pipeline-on-rails.aspx

Prepared to be invaded.

RFB - "CN and CP would just add cars and start hauling"

...till some Natives blockade the rail when they find out all the money they are missing.

Some burial grounds will be discovered in the Rockies starts it off...

One big difference about the CN/CP railroad right of ways, they have their own cops, and they are armed. And they answer to the railway. It would not end like Caledonia.

cgh 4:52-CN rail through the rockies, yep that was pretty much my understanding already at capacity, though I do not have any data to confirm that view. CN to Kitimat is probably underutilized. Upgraded pipeline is definitely the way to go.

There are two pipeline proposals:

Enbridge, Northern gateway, Edmonton to Kitimat
http://www.northerngateway.ca/map-popup.htmlb

Kinder Morgan, Transmountain pipeline, Edmonton to Burnaby and Washington State.
http://www.kindermorgan.com/asset_map/default.cfm

Both would provide thousands of jobs and would increase Canada's export potential to Asia, increasing GDP phenomenally. Trouble is Canada does not build new pipelines-how long have the discussions around the Mackenzie Valley pipeline been going on? I remember them starting around 1974 so 35 years minimum and NO progress, for precisely the reasons I stated, negotiations with multitudes of aboriginal tribes go nowhere.

Seriously, read Vivian Krause's webpage, there is a cynical well co-ordinated campaign by rich US trusts, parasitic NGO's and tribal councils in BC to stop any progress. That includes campaigns against tanker traffic in BC that RGB indicated, despite the fact tankers have been using the Burnaby and Port Moody terminii safely for fifty plus years.

Perhaps the US trusts have some very large holdings in the US petroleum infrastructure and don't want to see competition. Whatever the reason, its past time for the federal government to intervene.

So who does the new pipeline along the #16 Yellowhead west of Jasper National Park belong to?

Ken-my guess would be Kinder Morgan -Transmountain extract from their community newsletter.

Anchor Loop Project
Under construction, and expected
to be completed in late 2008, the
Anchor Loop project will loop 158 km
of pipeline between Hinton, Alberta
and Jackman (west of Mount Robson
Provincial Park), B.C., and will further
increase capacity to about 300,000
barrels per day, helping to better meet
our customers’ needs for improved
access to the west coast.

Hard to understand how looping a pipeline increases capacity, but they do some innovative things with this pipeline pumping both crude and refined products.

Quebec will be pissin', whinin' and moanin' for more transfer money in 5...4...3...

If you read the articles on the Pipelines on rails, it is already underway. To all points in North America. CN says from articles that to add 20,000 double lined tankers would only add 4-5% to their traffic, very do able. Also no enviromental reviews are required, they are already licensed to transport upgraded crude anywhere in North America. So in effect any port on the west coast of North America could ship to China. Prince Rupert is the preferred destination as it is 2 full days closer to Asia than any port in North America. A significant savings in shipping costs. I see no one commented on the fact that oil tankers have been using the East Coast for over 70 years. And I have read all the articles in the forsenic audit by Krause on Enviromental Foundations from the USA funding Canadian Indian Bands, Suzuki, the Pembina Institute and even Municipal Politicians running for elections in Canada. Pretty incredible. I have also sent these files to my MP's and MLA's asking for answers, and what they are doing about this incursion into Canadian affairs.

RFB sorry I mis-typed your moniker last time -I read a couple of articles, and you are correct it is already being implemented.

The point (I think) that cgh made is that the CN rail line through the Rockies is at or near capacity and would require a very costly upgrade, unless of course they bump the grain traffic.-not likely.

Pleased to hear you contacted your MP, pointless in my case he is NDP and they are in bed with the enviros trying to get the green vote.

Just for the sake of reality: Less than 17% of US oil imports come from the middle east and approximately 50% com from the western hemisphere, ie: North America. I'm kind astounded by the fact that Lefties and Righties both buy into the idea that the US is beholden to the middle east for oil, and then use their blatant lack of understanding to justify their own retarded political ends which are often quasi-authoritarian claptrap.

2kevin @ 12:57

Yes it is true that the USA does not import the majority of their crude from the ME. But even at 17% it is roughly 4 million bpd. ME production is about 25% of world consumption. Through OPEC the price of world crude is established. Consequently it makes no difference whether the USA imports any oil from the ME their price is dictated by an international market controlled by OPEC.

Another rationale for USA interest in the ME oil is the geopolitical concern if forces unfriendly towards western countries gain control and cut off crude supplies. What if China gained that control and shutoff supply to Europe unless certain terms were met. All sorts of scenarios.

If I have a choice it will the USA every time.