Raging Alberta Wildfires Depress Canadian Crude Production, Have Little Impact On Prices

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Thu, 05/19/2011 - 07:38 | 1290698 anynonmous
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Read more here and here.

 

Is George moonlighting as an editor on the ZH main page?

Thu, 05/19/2011 - 07:48 | 1290712 Oh regional Indian
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What's really needed is precipitation and cool weather. Captain obvious from the met dept.

Is this regular spring time stuff? or more weather wars? ehhhh? Any canucks?

Curious minds want to know.

ORI

http://aadivaahan.wordpress.com

Thu, 05/19/2011 - 08:46 | 1290838 Terminus C
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Well... it has been warm up here for the past couple of weeks but, in all reality we had a really long, cold and highly precipitous (lots of snow) winter.  These fires came out of nowhere and no-one seems to know how they started.  I live not too far from Slave Lake and I know many who live there.  Some of them had less than 10 minutes to get there stuff and get out of town.  The town itself is now 70% destroyed...

There were high winds all last weekend which caused the quick spreading of the fires.

Fires happen all the time up here (we live in a boreal forest) but not usually so early, with no lightning strikes and following a high precipitation winter. 

 

Thu, 05/19/2011 - 09:40 | 1291070 BobPaulson
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Some times certain areas are just due for a fire, espcially if they have not let any fires burn in a while. I don't know if you've been in the backwoods of Kananaskis area, but there is so much dry deadfall you can hardly walk. Up around Lesser Slave was it similar? Lots of reservations around there.

Thu, 05/19/2011 - 09:43 | 1291087 Oh regional Indian
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Thanks for that insight from the ground Terminus. Very interesting, plotting the disaster map globally. Strange times indeed.

ORI

Thu, 05/19/2011 - 10:39 | 1291361 Dan The Man
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its sleepy and unremarkable northern neighbor...

 

Who you callin' a neighbour?

Thu, 05/19/2011 - 07:49 | 1290719 jkruffin
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If Canada has oil, then why are we half way around the world fighting arabs for it?  It is so much easier to just take it from the French.  Hello?  LOL

Thu, 05/19/2011 - 08:00 | 1290739 sabra1
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US made a deal with the arabs, that the US would not open their oil fiels, buy arab oil as long as the US paid with treasuries. yes, the US paid with debt, and according to lindsey williams, the US has every intention of reneging on. once oil hits 200$, the US will then open the US oil fields! once a crook, always a crook!

Thu, 05/19/2011 - 08:49 | 1290836 Flakmeister
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  You realize what you say makes no sense? Do you have any idea how much oil the US has extracted since production began? Try close to 200 billion barrels...

Thu, 05/19/2011 - 09:43 | 1291083 Jreb
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The french don't have oil. They are in the east. Albertans have oil. Albertans are texans that say "eh" - they shoot back. On the other hand Calgary has more Americans living in it than any other foreign city on earth so maybe the invasion is simply moot.

Thu, 05/19/2011 - 14:54 | 1292723 Diogenes
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You don't have to take it. The government gave it to your oil companies for practically nothing, and the Canadian banks loaned them the money to drill it and pump it out.

Thu, 05/19/2011 - 08:05 | 1290742 uwsjack
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sleepy and unremarkable? This is the country that burnt down your whitehouse.

(and brought you John Candy)

GFY TD, GFY

 

Thu, 05/19/2011 - 08:56 | 1290870 oddjob
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dont't forget Marc Emery...now he's a real threat.

http://reason.com/blog/2011/04/27/doj-denies-marc-emerys-transfe

Thu, 05/19/2011 - 11:12 | 1291455 GoinFawr
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And I thought the Canuckian constitution was supposed to prevent extradition on political grounds; I guess theirs means as much to the Canadians as the US constitution means to Americans: in theory it is everything, in practice it's a convenient tool to be used or not used, depending on what suits US plutocrats on any given day.

I'd feel sorry for them, but it's hard to garner sympathy for a populace that is apparently too thick to see that the party they keep voting into power undermines a little more of their sovereignty with every majority gov't they get.

Ah well, one less hippy agitator roaming the streets, I suppose.

Thu, 05/19/2011 - 14:59 | 1292741 Diogenes
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Are there any mirrors in your house? Your remarks sound rather quaint coming from an American.

I suppose you have the satisfaction of reflecting that neither Bush nor Obama was legally elected President. So what they have done is  not your fault.

Thu, 05/19/2011 - 08:09 | 1290748 lizzy36
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Wild fires are not the norm in the Slave Lake area. This is a freak event.

And current estimates are that as much as 200,000 boe/d are now being affected.

Thu, 05/19/2011 - 08:53 | 1290856 Terminus C
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They are not the norm but they are also not unheard of.  Just east of Slave Lake is a vast area that had burnt ten years ago and they were worried about the town being destroyed then.

Thu, 05/19/2011 - 08:12 | 1290750 Cdad
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heavy crude prices have changed little despite wildfires raging in northern Alberta

 I think this is because today is Headfake Day.  Let the selling continue.

Thu, 05/19/2011 - 08:17 | 1290762 Tinfoil Hat
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I'm sitting at one of those Oilsands right now, lots of smoke around cause the wind shifted last night.  These fires aren't typical for this time of year, as it said more has been demolished in under a week than all last year.  Temps are a bit cooler the last day or two so hopefully we rock some heavy rains soon.  Sucks for Slave Lake though, I used to take patients there (ambulance crew) and can't imagine watching half my town burn to the ground.

 

"sleepy and unremarkable? This is the country that burnt down your whitehouse.

(and brought you John Candy)

GFY TD, GFY"

- Easy friend, look at the world stage over the last few decades and see where Canada fits in, in the grand scheme of things we ARE quite unremarkable and appear sleepy.  Be proud of that and let others have all of their loudmouthed nonsense.  Walk softly, but carry that big stick.  When Canada needs to take care of something we'll take care of it (note: NEED, not meddling)

 

Thu, 05/19/2011 - 08:24 | 1290777 uwsjack
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haha... you're right. (and I was kidding brother).

Thu, 05/19/2011 - 08:56 | 1290869 miker
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The oil markets are being manipulated just like the stock markets.  By whom????  How about the central banks.  Why?  To keep pushing inflation into the system.  Doesn't it seem strange we had a big spike in prices in 2008, then settled back.  Now again under the ruse of Libyan revolt.  Me thinks Obama protests too much (really too little) about high gas prices.

THEY know the only way to keep this thing afloat is to keep pumping inflation into the system.  Printing money, buying up SP futures and stocks, pushing up commodities.  And it's all coordinated (roughly speaking) so as to not  hopefully overwhelm the sheeples too much. 

Thu, 05/19/2011 - 09:57 | 1291133 Fur Trader
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Mr. Gadhafi,

Hope you haven't been left too 'sleepy' while our ' unremarkable' CF 18-A's have done some remodeling of your country.

 

Regards,

 

Fur Trader.

 

PS that was from a UK Tyler; an American would never have said that.

Thu, 05/19/2011 - 10:49 | 1291408 CrashisOptimistic
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FYI Suncor owns a chunk of Syncrude.  Overall, in the oil sands space, Suncor is the big kahuna.  They just got $1 billion in cash from Total to build another upgrader.

Upgraders are the gizmos that turn oil sands into sellable oil.  They do about 150K bpd each.

As of right now, one of Suncor's two upgraders is down for about 4 weeks for periodic maintenance.  There was going to be a 150K bpd drop from the region anyway.

Thu, 05/19/2011 - 19:03 | 1293770 wstrub
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The fact that oil is bought in US dollars is the issue......makes no difference who buys.

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