Frum goes to town on the legacy of Pierre Trudeau. Pierre Trudeau took office at a moment when commodity prices were rising worldwide. Good policymakers recognize that commodity prices fall as well as rise. Yet between 1969 and 1979 – through two majority governments and one minority – Trudeau tripled federal spending. In 1981-82, Canada [...]
oil
BP to drill in the Arctic
I know environmental groups are upset but with BP’s recent safety record, why worry? Oh right. The Arctic is to become the "new environmental battleground", campaigners warned yesterday after BP announced plans to drill in one of the last great unspoilt wildernesses on earth. Greenpeace and the World Wide Fund for Nature (WWF) have vowed [...]
Worst Case Scenario for the Gulf Oil Leak
Over at Science Blogs Contrary to what most of us would think as logical to stop the oil mess, actually opening up the gushing well and making it gush more became direction BP took after confirming that there was a leak. In fact if you note their actions, that should become clear. They have shifted [...]
Geopolitical Peak Oil
The New York Times on how the energy giants are being squeezed out of an already tight market. Part of the reason is political. From the Caspian Sea to South America, Western oil companies are being squeezed out of resource-rich provinces. They are being forced to renegotiate contracts on less-favorable terms and are fighting losing [...]
