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Saturday, January 26, 2013

Good News for Canada's Oil Sands .... the safest and the most ethical oil on the planet


All the fear and instability about Western oil interests in Muslim lands is great for Canada's oil sands. I am loving it !!

BP Libya is reviewing to see if their drilling operations in that terrorist-ridden country is safe from savage attacks like the kind seen in Algeria.  Do they really need a review to give them the answer?   BP Algeria is also reviewing the continuance of their operations in that country.  Foolish NATO countries have thrown Libya from a frying pan into the fire.  Thou shalt reap what you sow !

I wonder if terrorists are planning attacks on US Aramco in Saudi Arabia too?   Won't surprise me if one morning we wake up to the news that the Saudi oil wells have gone up in smoke.  Will USA then at long last wean themselves off from Saudi oil  and turn to Canada?

Robert Mendick writing at TheTelegraphUK:
The company is to launch a review   into drilling in the country amid serious concerns over security in the region.
BP signed a $900m (£569m) exploration and production agreement with Libya’s National Oil Corporation in 2007 but suspended the contract in February 2011 because of the civil war that eventually led to the overthrow of Colonel Muammar Gaddafi.
BP subsequently announced a resumption of exploratory drilling – due to begin in September – but has put that on hold following the murder of Westerners working at the Tigantourine facility in the Saharan desert in Algeria. Four BP employees were among 37 foreign hostages who died in the siege.
BP’s problems in the region are compounded by a Foreign Office warning last week of a “specific, imminent threat to Westerners” in the Libyan city of Benghazi. The Foreign Office urged British nationals to leave the city immediately.
A BP spokesman told The Sunday Telegraph: “We were due to drill in the second half of this year but we are now reviewing that as a result of the situations in Algeria and in Benghazi.
“What has happened in Algeria is absolutely tragic.
“We are committed to returning to Algeria and obviously we are heavily involved in Libya as well but it is only natural we review security and take a look at what we are doing.

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