From the Sierra Club website;
But we have another, even more potent ally in the fight: the House of Saud. Rather than cutting back production in order to stabilize oil prices, the world's largest oil producer is keeping its petroleum taps wide open, hoping to drown upstart competitors in Canada, North Dakota, and Russia in a sea of cheap oil.











The House of Saud is used to working with national oil companies. But the free market responds to downturns by getting leaner, meaner, and more innovative, so that when oil prices rise again they are more competitive than ever.
Hard to keep your 9 palaces, African slaves, 42 wives, numerous airplanes Rolls Royces and the like operating if you can't sell oil to a thirsty North America. Thanks envirowhachos, you are really really useful idiots to people wanting to economically strangle the very place you hang your stinky dreadlocks.
The SC exposes itself to the world for what it is - an organization that opposes freedom and democracy while it promotes misogynistic dictatorship.
Canadian oil is less financially feasible at $50 a barrel. Canadian oil, some say, was 3-6 times more cost effective than solar and windmill power at $100 a barrel. If that is anywhere near true, then a glut of Saudi oil will make solar and windmill power 6-12 more expense than Saudi oil. This is great if you own four houses, five cars and a diesel tour bus. Not so great if you are tied into the Ontario unicorn power grid.
Rabbit >
“But the free market responds to downturns by getting leaner, meaner, and more innovative…”
I couldn’t agree more.
The other upside is that we can hopefully send some of Alison Redfords tens of thousands third worlders packing along with the Eastern grifters that flocked to Alberta over the last decade. Not that they will actually go HOME now of course, but a good percentage of them may go squat in Toronto where they belong. Out of sight out of mind.
I’m actually looking forward to a big “downturn” in Alberta over the next few years. Would be nice to see property values cool as well.
The new banana republic dictator is simply conducting economic warfare via his proxy soul mate The House of Saud.
Economic wars eventually turn into real wars in order to avoid civil wars.
Russia and China are so far ahead of this crazy little community organizer that the US may never recover from the beat down it’s about to get from them.
I would rather use cheap Middle East oil now and sell our Canadian oil in the future to world and America for $200 + a barrel. Sometimes you just have to be patience, let all these greedy shrieks have their day, their country and ancestors will pay big time in 20 years.
Not too long ago they were of the opinion that if energy prices were made artificially high then the planet would be saved by making poor people destitute. Now they are saying that low prices are helping them in their fight against the oil sands.
They have shown that it is not the planet that they care about. It is the power to destroy, on whims, huge productive segments of the Canadian economy. No matter who suffers, or who gains. Because they will be one of those that will be in on the graft.
Arab oil good! Canadian oil bad!
Sierra Club is a foreign espionage organization, not a charity.
Yes! The Sierra Club identifies with and wants to return to our humanity base roots. Green Slime is their identification and goal. No thanks!
This article should be used by CRA to eliminate their charitable status if they still have it.
Hysteria pimping organizations like the Sierra Club are just that. They are the vanguard of the anti-industrial revolution and as such, enemies of civilization. They are funded by elite, rich progressives and superficially intelligent "do-gooders". Anti-Oil Sands campaigns have rewarded them with cash and that's what makes them tick. But when the President of the United States grovels at the feet of the Saudis, the prime financier of global Jihad, the Sierra Club likely thinks that they are in good company especially as Obama has carried out their "bidding" ($$$$) to date on Keystone. One big happy Democrat circle-jerk.
Allahu Akbar... The rallying call of the Sierra Club.
Read about Al Gore's connection to Oxy Petroleum and you can conclude that the world is a much smaller place than most people realize.
The Saudis get full access to western markets and they use it to spread and finance their version of hate. The latest is that they are dealing with the Russians to have them abandon Syria's Assad in exchange for a production cutback to raise crude prices. As the Russians run out of money they need their coffers restored for additional work in Ukraine.
Yet to date most Canadians do not cry about the Saudi, Russian and American money which enters Canada to influence our internal politics. Most people would consider this an attack on sovereignty but not here. If media is not prepared to pursue this reality then at least the federal government of Canada should be sounding a warning. But this is not happening. Instead Canada sends aircraft and special forces to Iraq to help the Saudis with their war.
Seriously? Is Syrian activity all that different from the Saudis. The West conveniently looks the other way so one must wonder who is getting paid off.
There's considerable merit in that argument, Matt. It means no short term gains now, but much larger profits in the long term.
Sierra club is a business that would quickly disappear unless they can keep the panic level very high on the fate of Gaia. They survive at the mercy of brainwashed tree huggers and a complicit Media unwilling to acknowledge that they have been led down the garden path. Their support for middle east oil would come with a fairly lucrative incentive but then again so does a lot of political support. It's all business. What's best for the Country is a long way down the priority list.
It is utterly retarded for this country to be dependent on selling raw materials to the bulk market. We used to have manufacturing in this country, and all it would take to have it again is a TAX CUT.
Defeat. The. Liberals.
Caveat being that if technology or social life styles change so that the "need" for oil is vastly reduced then current investments are for naut. One has to use a balanced business model in these sorts of business climates.
And I have to agree with rabbit, the sauds may just be shooting themselves in the foot.
Apparently, the Sierra Club and Saudi misogynistic despots are kindred spirits.
Electronic monitoring for Vicky Husband?
Presentism and stupidity at its finest from the EPA, providing Obama's latest cover on Keystone:
"Written in bureaucratic gobbledygook, its basic argument is this: If global oil prices stay at their current low levels, forever, eventually it will become economically untenable to ship oilsands oil by rail to the Gulf Coast, meaning, in the absence of those shipments, Keystone would significantly increase greenhouse gas emissions.
The EPA makes this argument even though right in the middle of making it it admits that, “the overall effect of the (Keystone) Project on oil sands production will be driven by long-term movements in the price of oil and not short-term volatility... In the real world, oil prices are cyclical. Just as they’re down now, over the “long-term,” to use the EPA’s words, they will rise again, fall again and rise again.
Making an argument based on a theory of permanently-depressed oil prices, as the EPA does, is absurd. The other problem is the glaring omission in the EPA’s logic. That is, if low oil prices will slow the development of the oil sands because it will become economically unviable to ship oil by rail, why won’t the same thing happen, proportionately, to oil shipped by pipeline?
In other words, obviously a sustained period of low oil prices is going to slow oilsands development no matter what method is used to ship it and that will result in less oil being shipped by rail or pipeline. So what?"
There you being logical again and using common sense Ezra.
http://www.torontosun.com/2015/02/03/keystone-letter-a-farce
Not to mention their OTHER ally and good friend Lucifer never wears a sweater.
Sierra and Greenpeace and Tides, etc = global fifth column. All they care about is destroying democracies. Period.
They used to try fifth columnist for treason. Now governments act as if they have a legitimate seat at the table.
The Sierra Club is factually wrong in their stated claim that Saudi Arabia is the largest producer of oil in the world, they're a bit behind Russia for the most recent year, 2014:
Russia, 10.59 million barrels/ day
Saudi Arabia 9.693 million barrels/day
http://en.wikipedia.org/wiki/List_of_countries_by_oil_production ... quoting figures from the International Energy Agency, "IEA"
Bloomberg provides some insight into the near future, stating in the past July 2014 that the USA is now producing more, and has surpassed both Russia and Saudi Arabia and will remain ahead of those 2 for the next few years...
http://www.bloomberg.com/news/articles/2014-07-04/u-s-seen-as-biggest-oil-producer-after-overtaking-saudi