Alberta Tar Pit

Crossposted from The Stars Hollow Gazette

When it comes up again, as it inevitably will, you’ll want this link to remind people that it’s all about lining the pockets of Oil Companies.

Not Jobs.

Not Angry Brown Heathens squatting on our Jesus Gas.

Money for corporatists.

Provision May Halt Pipeline, but Oil Is Still Likely to Flow

By JOHN M. BRODER and DAN FROSCH, The New York Times

Published: December 23, 2011

Stephen Harper, the Canadian prime minister, said in a television interview this week that if the United States blocked the Keystone pipeline, Canada would look to China as a market for its oil.

“I am very serious about selling our oil off this continent, selling our energy products off to China,” Mr. Harper said.

…

(E)xperts in oil economics say that the oil is coming out of the ground in any event because of steadily growing global demand and the heavy investment in infrastructure already made in Alberta.

…

“In an era of limited accessibility to overseas oil resources and in contrast to conventional oil fields that produce at their peak production level for only three to six years before going into decline,” Mr. Budzik said, “long-lived productive assets such as oil sands provide a company some insurance as to its long-term financial viability.”