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POPSA perfect storm's brewing to cool petroleum demand There's not so much incentive to invest in exploration, lots of incentive to keep the price of existing supplies as high a possible. The key on price is not really supply, but must be based on what people can afford to pay.
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POPSU.S. gives green light to Enbridge pipeline - #tarsands #obama #mistakes #COP15 If the pipeline goes ahead, Canada will lose the sovereignty over its territory since it will be legally bound to keep on destroying hundreds of thousands of square miles of its wild and ancient boreal forests for years and years. By what right can governments kill their land forever? It is a betrayal of future generation of Canadians who will inherit a dead land in place of ancient wilderness teaming with life. Here is the 4 minute video version - http://www.youtube.com/watch?v=HgBGwsLILic
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POPSWorld Oil Reserves Fell for First Time in 10 Years, BP Says The reserves may or may not be there. Everyone knows that the Saudi Arabia's and the other Gulf States figures are as opaque as they are suspect. And that hundreds of thousands of square miles of the Canadian boreal forest will be turned into a wasteland if these "reserves" are ever to be tapped. What people forget is that the price of oil can never be higher than people can afford to pay which means it is bound to come down as people have to reign in their spending, making exploration and ecocide "uneconomic".
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