How To Profit From Canada’s Crude Oil Shortage

railway track, so to speak. Natural Resources Minister Joe Oliver, who is the governments lead shill on behalf of the oil industry, says rail safety is just fine. He told the Globe and Mail on Sept 25 that the overall safety record of the railways has been a very good one. He went on, You know, you dont close down the roads when there is a terrible road accident. You try to make it as safe as it can be. Actually, the minister is quite wrong. In wintery Canada, roads and highways are routinely closed during weather events. And in mountainous areas, some are closed for the entire winter season when the cost or inconvenience of keeping them open and safe is deemed excessive. Meanwhile, many biologists in western Canada argue that certain highways as well as transport routes for pipelines and hydro-electricity lines are a serious threat to areas of natural beauty and wildlife and should not be built. Existing routes might even need to be closed to protect threatened species. One of the important safety measures on rail that the federal government could implement is to order the railways to provide advance warnings to jurisdictions through which dangerous rail cargo travels. But it is taking the lead of the railways themselves in refusing to do so , including in the face of pleas by provincial and municipal governments for the information. But thats a secondary point because the main concern over the Canadian governments fossil fuel-promotion agenda is expressed in the IPCCs just-released report. If the world does not move decisively to leave fossil fuels in the ground and shift to renewable and less polluting forms of energy supply, then the Earth, its biosphere and the human population that shares it faces a very grim future, indeed. The struggle to achieve an ecologically sane future is only just beginning.

Canada’s Petro-Government

The problem is shipping condensate from Texas to Patoka, Illinois where the line begins. Kinder Morgan Energy Partners (NYSE: KMP ) is trying to position itself as the leading condensate shipper. The company built a condensate pipeline that can move 300,000 bpd from the shale basin to the Houston area. From Houston, condensate can be shipped through a third-party Explorer pipeline to Hammond, Illinois. Admittedly Illinois is still on long way from northern Alberta. To get the condensate the rest of the way Kinder Morgan has two strategies. First, extend the Explorer pipeline to connect with Southern Lights. That link should be in service by 2014. Second, connect Explorer to the company’s existing Cochin pipeline. Propane volumes along the route have been in decline anyway. The company is looking to reverse and expand Cochin to start shipping condensate to Alberta. Source: Kinder Morgan Other midstream companies are trying to exploit surging Eagle Ford production as well. Plains All Americanis using its port in St. James, Louisiana to route Eagle Ford production into its Capline pipeline for shipment to Patoka.Magellan Midstream Partners (NYSE: MMP ) is spending $100 million to build a 140 mile condensate pipeline to Corpus Christi. The project will have 100,000 bpd ofcapacity and is expected to be fully operational by the end of this quarter. Foolish bottom line Much has been made about the lack of pipeline capacity southbound from Canada.

Canada spied on Brazil energy ministry: report

The report on Globo television was based on documents leaked by former National Security Agency contractor Edward Snowden and was the latest showing that Latin America’s biggest nation has been a target for U.S., British and now Canadian spy agencies. The report said the “metadata” of phone calls and emails from and to the Brazilian ministry were targeted by Canada’s Communications Security Establishment to map the ministry’s communications, using a software program called Olympia. It didn’t indicate if emails were read or phone calls listened to. Brazilian Mines and Energy Minister Edison Lobao told Globo that “Canada has interests in Brazil, above all in the mining sector. I can’t say if the spying served corporate interests or other groups.” American journalist Glenn Greenwald, based in Rio de Janeiro, worked with Globo on its report. Greenwald broke the first stories about the NSA’s global spy program focusing on Internet traffic and phone calls. Globo previously reported that the communications of Brazilian President Dilma Rousseff and also state-run oil company Petrobras were targeted by NSA spying. Earlier, Greenwald wrote articles in the O Globo newspaper saying that the NSA was gathering metadata on billions of emails, phone calls and other Internet data flowing through Brazil, an important transit point for global communications. The fallout over the spy programs led Rousseff last month to cancel a planned visit to the U.S., where she was to be the guest of honor for a state dinner. Rousseff last month spoke at the United Nations General Assembly and called for international regulations on data privacy and limiting espionage programs targeting the Internet. Join the Discussion You are using an outdated version of Internet Explorer. Please click here to upgrade your browser in order to comment.

Report: Canada Spies Targeted Brazil Mine Ministry

According to Globo, Snowden obtained the documents at a June 2012 meeting of intelligence analysts from the United States, Canada, Britain, Australia and New Zealand, a group said to be called the “Five Eyes.” A Canadian software spying program named Olympia “mapped” the ministry’s phone communications and computers with the goal of studying contacts “made with other groups, within and outside of Brazil, aside from PETROBRAS,” Globo said. PETROBRAS is the country’s state-run energy giant. One of the documents shows a registry of calls from the ministry to other countries, including to the Quito, Ecuador-based Latin American Energy Organization (OLADE) and the Brazilian embassy in Peru. Communications between the ministry and countries in the Middle East, as well as South Africa and Canada, also appear in the report. Canada has mining interests in Brazil, Mining and Energy Minister Edilson Lobao told Globo. He described the development as “serious.” “There are many Canadian businesses interested in doing business in our country. If that is where the interest in spying comes from, to help certain business interests, I cannot say,” Lobao said. The documents Globo showed included instructions on the next steps the Canadian agency should pursue in Brazil, which included seeking help from a group code-named TAO, said to be an elite US espionage unit. It also suggests a more detailed analysis of data, and pursuing tactics that include copying all of a computer’s data without altering them. In a Twitter message on Sunday Rousseff said that Brazil will introduce a measure at the United Nations to establish an “international civilian framework” to protect the privacy of internet users. Rousseff, who canceled a state visit to Washington over the espionage scandal, launched a blistering attack on the United States at the United Nations General Assembly meeting in September over the US electronic surveillance. Snowden, a 30-year-old former National Security Agency contractor, is wanted by the United States after revealing details of a massive NSA electronic surveillance program.