Garth Lenz:
The true cost of oil

This is one of the most powerful presentations I have experienced in a long time.  It is also a living example of the cancer which defines the fossil fuel industry.

Foreign corporations (and nations) have been investing in petroleum in the United States and Canada for many years.  China invested 33 billion dollars in Canadian petrochemical interests from 2005 – 2012.  Canadian oil interests would like to see more investment.  China owns at least 40% of the tar sands production at Athabasca Oil Corporation (formerly Athabasca Oil Sands Corporation); a company which sold China all of its holdings of the McKay River tar sands development3.
McKay River In 2013 China purchased 100% of Canada’s tar sands operator Nexen for $15.1 billion1.
Canadian interests favor these purchases – otherwise they would not have been approved2.

Not to be left out of courting Chinese dollars, President Obama is selling the United States as a better place to invest4.   Considering how heavily invested China already is in fracking operations within the United States, the President’s position makes little sense6.

They came, they drilled, they left:
There is the question of just who will be left to clean up the mess left behind – if this is even possible.  Once China develops fracking within its own boundaries5, why would it pay for more expensive energy elsewhere?

The only way out is to develop a new source of power; something other than petroleum that will not poison our biosphere.

1-percent-are-killing-our-planet

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The true cost of oil”

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