From the monthly archives:

April 2008

Stelmachistan Chronicles:Dirty Oil, Dead Ducks

April 30, 2008

What’s happening around the blogosphere these days: ducks & dirty oil.

Canada News Wire:

FORT MCMURRAY, AB, April 29 /CNW/ - Syncrude is working closely with Alberta Fish and Wildlife and Alberta Environment to coordinate recovery efforts relating to a large flock of ducks that landed on Syncrude’s Aurora Settling Basin on Monday, April 28th.

These ducks became coated in residual oil that lies on the surface of the settling basin. It is estimated that 400 - 500 birds were affected. Syncrude has deployed recovery teams to rescue the birds affected by this incident.

arabnews.com:

In an interesting tussle, a virtually unnoticed clause was added almost at the least moment to a US energy bill that bars the government, in particular the Department of Defense, from using Alberta crude because it is deemed unconventional and too dirty.

Webber Energy Blog:

We have learned that US energy policy can be and is quite ridiculous. It can be argued that this is once again evidenced by Section 526 of the Energy Independence and Security Act of 2007. This provision could potentially prevent the US government, a huge consumer of oil, from procuring fuel derived from Canadian tar sands.

Werner Patels:

Alberta is known for its resilience; no matter what happens in the US, Alberta will land on its feet – even if that means selling all the oil to China and India.

Vancouver Sun:

Sino-Canadian trade relations peaked around 2004 when Enbridge Inc. announced plans to build the half-million-barrel-a-day Gateway pipeline from Fort McMurray, Alta., to Kitimat, B.C., to facilitate tanker exports to Asia and California.

The project was unofficially abandoned in 2006 after the company failed to secure enough oil to fill the line.

At the time, Chinese officials expressed frustration over the unwillingness of Canadian producers to partner up with the state oil company in a production/refining venture that would see Canadian bitumen and heavy oil sent for processing in Asia.

Instead, producers such as EnCana Corp. signed high-profile deals with American refiners to send product to the U.S. while pipeline operators such as Enbridge and TransCanada Corp. announced major new projects to take Alberta oil south to the Gulf Coast.

In the interim, Enbridge has quietly revived Gateway. A footnote in its annual report, released March 31, says it is currently in “commercial discussions” with shippers to build the stalled project.

Edmonton Journal

EDMONTON - Edmonton Airports is close to signing a deal with a Chinese investment group interested in building a huge warehouse at the International.

“We’re in advanced negotiations and it’s a significant investment,” Glen Vanstone, the authority’s director of cargo and business innovation said Friday.

Vanstone, speaking on the progress of the airport’s Port Alberta project, said he couldn’t reveal the name of the group or any more details of the deal.

Edmontonians.com

The Prince Rupert terminal is the only deep water port on the west coast and the only one expanding at a time when 20 Chinese ports have booked construction to handle 100 million TEUs. In other words, the Chinese capacity to ship goods will be much higher than west coast ports’ ability to accept those goods, so the Prince Rupert expansion will be operating at full capacity as soon as it opens. Once the new terminal is operational, there will be only one way to move containers west out of Prince Rupert: by train. And every train that moves out of Prince Rupert will have to transit through Edmonton on its way to other major centres across the mid-western United States and central Canada.

h/t: Werner

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The Republic of Lakota

April 29, 2008

Background material: http://www.javno.com

Russell Means explains the need for Real Lakotah Sovereignty

www.republicoflakotah.com

TheTrumpet.com:

So let’s just briefly imagine a similar scenario playing out in America. It’s a stretch, but stay with me. There’s a point to this.

Imagine the UN passing several declarations establishing the Lakotas’ historical and legal claim to their own nation. Indians nationwide immigrate there to take it over demographically. Many whites move out, and soon the Lakota nation becomes something of a de facto state of its own.

Under heavy international pressure, the U.S. government decides that, in the interest of keeping peace, it is best to relinquish control of the area. It encourages whites to leave—and finally undertakes to forcibly remove those who insist on staying.

Most Americans are upset by this turn of events, but then the situation turns seriously dangerous. Reports of terrorists smuggling weapons into the Lakota nation are confirmed when rockets begin to descend on U.S. cities—Omaha, then Sioux Falls, then Denver. The government responds with a degree of force—and is roundly condemned by other nations for doing so—but the rockets keep coming.

Related:

In case you are not up to speed on what the Lakota nation is doing, read the FoxNews report, visit any of the Lakotah Oyate web sites (LakotahOyate.com, LakotahOyate.org and LakotahOyate.net), visit the Republic of Lakota web sites (RepublicOfLakota.com and LakotaFreedom.com), check out the WordPress blogs talking about Lakota . . . or some other term like that.

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Why I Quit Hunting

April 29, 2008

This is probably one of the best essays I’ve seen on the ‘net this year.

WHY I QUIT HUNTING

Excerpt:

TRADITION is perhaps the worst enemy of the animals: even our holidays call for the killing of birds and animals. These barbaric traditions, including hunting, rodeos and other cruel sports, are taught to children and thus passed down from generation to generation. Only a little more than a century ago blacks were considered to be animals and were treated as such. Similarly. during the second World War, Jews were considered to be subhuman by the Nazis, or perhaps even subanimal, and were killed by the millions.

Even today we abuse our fellow humans through boxing, wrestling and other cruel sports. How can the perpetrators of cruelty among us be expected to respect animals when they do not even respect humans?

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If This Thing Ever Makes it To Alberta . . .

April 28, 2008

. . . you can kiss every last piece of trout habitat goodbye. It’s the Quadski ATV - a jetski-quad combo.

Imagine 1500 drunken rednecks driving these in Waiparous (article, video)

Thanks to Dad for the tip.

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The Cokehead Economy

April 28, 2008

I’ve bought two books recently - McMafia and Rogue Economics. I’ll have to review them and then release them back into the wild via bookcrossing.com.

mcmafia

McMafia is a fearless, encompassing, wholly authoritative investigation of the now proven ability of organized crime worldwide to find and service markets driven by a seemingly insatiable demand for illegal wares. Whether discussing the Russian mafia, Colombian drug cartels, or Chinese labor smugglers, Misha Glenny makes clear how organized crime feeds off the poverty of the developing world, how it exploits new technology in the forms of cybercrime and identity theft, and how both global crime and terror are fueled by an identical source: the triumphant material affluence of the West.

napoleoni

Trapped inside the ‘Market Matrix’, a web of economic and commercial illusions, consumers are at the mercy of this new force. Shockingly, they are at the same time victims and unwilling partners of the rogue forces unleashed by globalization. The global subprime crisis, the swift rise of the super-rich, as well as the illegal businesses ranging on the Internet are all part of this phenomenon, but so is our daily shopping. The shelves of supermarkets are full of rogue products; some are produced by today’s slaves.

For related content, I suggest you read up on Dillon Read: Economic Tapeworm, and an old video of Mike Ruppert, where he discusses the role of drug money in investing.

Google video: Cocaine Cowboys

Cocaine Cowboys:

The film reveals that much of the economic growth which took place in Miami during this time period was a benefit of the drug trade. As members of the drug trade made immense amounts of money, they would invest that money into legitimate businesses. As a result, drug money financed the construction of many of the modern high-rise buildings in southern Florida.

From LA to London, cocaine has

long been known as a social lubricant

It is a stimulant, helping users

feel alert and socially confident

It dulls the inhibitions that most of us have,

to a greater or lesser extent,

when mixing with a bunch of people

we don’t know very well

- edstrong.blog-city.com

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Barron’s Finds Greenspan’s Long-lost Ph.D. Thesis

April 28, 2008

Barrons.com

We were tickled to find that the work’s introduction includes a discussion of soaring housing prices and their effect on consumer spending; it even anticipates a bursting housing bubble. Writes Greenspan: “There is no perpetual motion machine which generates an ever-rising path for the prices of homes.”

greenspan

Greenspan, however, didn’t foresee a housing mania spilling into the general economy, toppling banks and brokerage houses and paralyzing key portions of the credit system. The worst he could anticipate was that a sharp “break in prices of existing homes would pull down the prices of new homes to the level of construction costs or below, inducing a sharp contraction in building.” Back then, there were no home-equity lines of credit, derivatives or subprime mortgages. Mortgages were largely concentrated at savings and loans. Credit was harder to come by, too, because conventional mortgage rates were about 8.5% and headed significantly higher. Still, the thesis shows that the former Fed boss was focused on housing very early in his career. Thus, it casts doubt on his recent assertions about being surprised by the Mesozoic-era-size impact of this decade’s housing mania.

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Podcast: Energy, Oil, Biofuels & the New Energy World Order

April 28, 2008

Listen to the April 26 2008 show, at http://www.financialsense.com.

24 minutes in, there’s a discussion of the recent oil shortage in Edmonton.

Thanks, Joey.

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Grandinite’s YT5

April 28, 2008

In short, you link to Your Top 5 blog posts of all time, discuss them briefly, and then you tag 5 others to do the same.

You can rank them any way you want - by the number of comments, or by the number of hits, or just by your own personal judgment.

This accomplishes a few things.

1. It shows you where you’ve enabled discussion in the blogosphere.
2. It allows others to see what’s made your blog successful.
3. It fosters the debate on how we ought to rank a blog’s popularity (by comments, clicks, incoming links or subjective evaluation).
4. It introduces new readers to your blog.
5. It summarizes your blog.

Here are my top five blog entries of all time, ranked rather subjectively:

1. Flame Suck! Believe it or not, people google the term flames and suck quite a bit.

2. Hate Telus? Vent Here Many people hate Telus and are willing to expound on their bad experiences.

3. The Diesel KLR 650 Motorbike A long time ago, I blogged a military contract for diesel-powered Kawasaki dirtbikes. The manufacturers emailed me back. I simply posted the email, with a picture. You can read more about this bike HERE.

4. The Great Canadian Blog Survey. My second meme. I challenged 1000 bloggers and readers to complete a 25-question survey on blogging. Then I wrote a paper on the subject.

5. Grandinite’s 40 Most Annoying Canadians. A list of all the Canadians who annoy me the most. It got me some press.

So, there you have it. If you blog this, be sure to post a comment or a trackback.

Tagged:

1. Daveberta
2. AGRDT
3. Werner
4. Civitatensis
5. Last, but not least - Ivan.

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Coachella: What I Missed Out On

April 28, 2008

I was gonna go, but sometimes life just gets in the way. Next year, man. Next year. This is the second year in a row I have failed to attend.

http://blog.wired.com/music/2008/04/coachella-sat-1.html

http://www.daylife.com/gallery/08P77j407k54U

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HUGE Conference in Calgary: Commodities, The Economy & Money

April 27, 2008

U of C’s Haskayne School of Business is hosting a conference next June on the most pressing economic issue of the day - the price of commodities. LINK

The list of speakers is impressive.

At $1575.00 per ticket, it’s priced for people who bought into the gold market more than two years ago.

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