[All] Tar Sands: The end of Alberta's glut.

[Louisette Lanteigne]

Hi folks
Currently 70 nations have the capacity to develop Tar Sands proposals:http://emd.aapg.org/technical_areas/oil_sands.cfm
Shell signed a deal with Tatneft on Russian tar sands projecthttp://on.mktw.net/SIHru
The first US tar sands project has been approved in Utahhttp://www.treehugger.com/files/2010/09/first-us-tar-sands-project-approved-utah.php
Currently, they are trying to develop what is anticipated to be the most polluting tar sands project in the politically corrupt island nation of Madagascar. No shortage of water there.http://www.guardian.co.uk/business/2010/dec/17/madagascar-oil-shares-suspended?CMP=twt_gu
Now consider this purely from a business perspective. 
Tar Sands technology created in Alberta is owned by big oil.Big oil will not be loyal to Canada if the cost of production is cheaper elsewhere. Other nations have more water, less regulation, cheaper costs, less monitoring.How will the project in Utah reduce our exports to the US? Syncrude is only making $14 a barrel after production costs.What is to stop the US from going to cheaper tar sand imports? Is this why they might now want the Keystone pipeline?If corrupt nations profit from tar sands oil, what does that mean for global securityWill reliance on Tar Sands feed into terrorist funding?
>From a business perspective, those who crafted Alberta's tar sand projects have managed to give away the farm!
Big oil used our nation as a testing ground of extraction processes intended for international use while our government subsidized the hell out of them. The minute these international projects start up there is little doubt these companies will jump the Alberta ship faster than a rat. That's when we'll see the implementation of carbon tax or something of that nature. It's a weasel clause for them. Meanwhile we as a nation will be stuck with the physical and economic mess. What happens to the retirement funds when the bubble bursts? What will happen to our national economy?
Don't even get me started on the environmental impacts!
That's my two cents worth. (Take it now before the Senate scraps the penny)
Lulu :0)





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