The Value of Alaskan oil.

Today marked an interesting day in the Oil Economy. First, Oil hit an all time intra-day high of $56.60. Second, the US Senate rejected, by the slimmest of margins (51-49), a motion to halt the approval of development of the oil rich ANWR area of Alaska. Proponents of developing ANWR love to say that it …

Interim Oil For Food Report: Part 2

Alright… continuing on the analysis of the Interim Report I’m finding the report quite engaging actually. It’s doesn’t seem to be your standard legaleeze… it’s written much more like a book, and as such is much easier to follow. Intrigue, Scandal, Back stabbing… it’s got it all!! 😉 Here are the conclusions the Report makes …

Oil Spill off Newfoundland

UPDATE 2: The CBC has a detailed report on what happened. It looks like a 2nd oil spill that occured yesterday spilled about 1000 litre of oil into the sea. The rigs have all been shut down in that field while the investigation continues. This has also heightened the debate on whether to lift the …