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Low oil prices and the contradictions of empire

Will low oil prices and the contradictions of empire foil Stephen Harper’s plans?

In a not-terribly-surprising move last week, Canadian Prime Minister Stephen Harper reversed previous pledges to inaugurate new emissions regulations for the oil-and-gas industry. 1,329 more words

Canada

Canada Heavy Oil Nearing $40 Threatens New Oil Sands Projects : Bloomberg

Canadian heavy crude fell to near $40 a barrel, threatening projects under construction as producers boosted output and space on a pipeline was rationed.

Imperial Oil Ltd. 365 more words

Energy

OPEC Is Finished Oil Crash Will Continue : Bank of America

Warning from Bank of America

 The Telegraph | December 10, 2014 8:41 AM ET

Getty ImagesAn engineer walks in the Barjisiya oil fields in Iraq. Bank of America says the OPEC cartel is dead and free markets now control the global cost of oil. 781 more words

Energy

Canadian Oil Sector Dividends Threatened at $70 Crude - Bloomberg / Sprott

Canadian oil producers’ ability to lure investors with generous dividends is being tested as cash flow is squeezed by crude trading near five-year lows.

Companies will have to choose between reducing capital spending or payments to shareholders, said Sprott Asset Management LP’s Eric Nuttall. 712 more words

Oil

Sometimes We Resist

I was in a park

I could not see
Global capitalism

Its dinosaur bones
Covered in chrome

I saw     trees
Their leaves
Turning yellow and… 139 more words

Roberta reblogged this on Roberta Laurie and commented:

In spite of Burnaby City Council and 75% of Burnaby residents' opposition, the National Energy Board granted Kinder Morgan access to begin work on their TransMountain tar sands pipeline expansion project in a designated conservation area on Burnaby Mountain. In response to the intrusion, local residents have been peacefully blockading the area. Kinder Morgan is now suing five residents of Greater Vancouver for $5.6 million. Stephen Collis is one of the five. Last week, during an injunction hearing, his poetry was used against him in court. If you stand behind the blockade members, you can show your support by adding your voice to this letter.