Oil Sands Pause
One day is fine, next is black
So if you want me off your back
Well come on and let me know
Should I stay or should I go?
Should I Stay or Should I Go - Clash
Low oil prices and a desire for "green" living are creating angst for oil sands investors. A free market would dictate that high cost marginal suppliers fall by the wayside when oil prices decline. It's not nearly that simple as Is it game over for the oil sands? explains:
Harsh geopolitical realities and the need for energy independence will trump all other considerations in realizing the potential of Canada's oil sands.
After attending Solar Power International 08 in San Diego it became clear to me that we won't be covering running electric cars off solar cells anytime soon. There are limits to growth in green energy as well. You can't grow corn in a field covered with PV cells. Obama and Harper need to talk.