Peter Silverstone

Why you shouldn’t trust the Saudi’s to tell the truth about their oil reserves (0)

2/21/11 •

The CIA world fact book suggests that proven Saudi Arabian oil reserves are 216 billion recoverable barrels of oil. In 2010 Saudi Arabia apparently increased its capacity to 12.5 million barrels/day, with some believing that it has around 5 million barrels/day of spare capacity. Even today, some are stating that Saudi Arabia has spare capacity [...]

Recent Posts

What events in Egypt may mean for the Oilsands (0)

2/21/11 •

The events in Egypt have led to a predictable increase in oil prices. Recently, the Financial Post suggested that the instability of the region makes the oilsands look better. Furthermore, the security of supply of the oilsands is increasing support for the TransCanada Keystone XL pipeline in the U.S. So, an increase in the price [...]

Are the oil sands starting to win the PR battle as they change their tactics? (0)

1/31/11 •

Two recent articles show how the PR battle from the oilsands is changing. The oilsands are trying to move away from the previous issue, namely of “dirty oil”, as their attempts to use fact-based arguments have singularly failed. For this reason they are now primarily trying to grab their own emotional argument, in this case [...]

China’s massive reduction in auto sales may be primarily to limit oil imports (0)

1/18/11 •

China has recently introduced major changes in the way autos are sold, with major limits in large cities. Before anybody can buy a car in a large city in China, they now have to get a permit, the number of which is strictly controlled. This has led to auto sales in cities such as Beijing [...]

Carbon capture and storage – does it have a future in Alberta? (0)

1/13/11 •

There has been a lot of recent press about a possible leak from a major test site for carbon capture and storage. This is despite multiple assessments of the site by industry and government, although currently the nature of the leak is being questioned as it appears that much of the evidence for the “smoking gun” [...]