Blowout: Is Canada Next ?

On April 20, 2010, BP's Deepwater Horizon rig exploded unleashing 5 million barrels of oil into the Gulf of Mexico. It has been nothing short of catastrophic, causing extensive damage to marine and wildlife habitat, as well as to the Gulf's fishing and tourism industries. In May 2010, Chevron began drilling Canada's deepest well off the coast of Newfoundland, begging the question: Could an oil spill of the same magnitude happen in Canada?

Blowout: Is Canada Next? , is a documentary that tracks the aftermath of the worst oil spill in U.S. history, and transposes the oil spill to Canada's Grand Banks. By documenting the latest scientific findings in the Gulf, Blowout: Is Canada Next? builds a picture of what an offshore drilling disaster would look like on Canada's East coast.

Just weeks after the Deepwater Horizon blowout in the Gulf, Chevron began drilling Canada's deepest oil exploration well off the coast of Newfoundland. Located 430 kms from shore, the Chevron well is twice as deep as BP's Deepwater Horizon well, six times further out to sea, and in much rougher seas. In the event of a blowout, it would take 11 days for emergency response ships to even reach the spill. An oil blowout off the coast of Newfoundland would decimate the world's last remaining Atlantic cod fishery, along with several species of whales, seals, turtles, coral habitats and seabirds that feed in the basin. These rich and fertile seas are the backbone to Newfoundland's tourism industry. An oil spill would create dead zones within the ocean and potentially devastate this economic mainstay that brings in over 1 billion tourist dollars annually.

Canada has entered the race to drill oil in deeper and deeper waters, but safety procedures and cleanup techniques have not kept pace with the petrochemical industry's pursuit of oil. Is it only a matter of time before an oil catastrophe happens in Canada?

Crude Oil & Energy Market Update 23 Dec 2010

Lind-Waldock Strategist Blake Robben discusses the energy markets, specifically the crude oil, natural gas and heating oil futures.

Crude Oil Rises for Fourth Day - U.S. Economic Recovery Could Fuel Demand

Lind-Waldock Strategist Blake Robben discusses the energy futures markets. Topics covered: Crude oil rises for fourth day; Energies higher, except for natural gas; China may buy some of Portugal's debt to stabilize the euro; Inventory numbers (expectations).



What is really causing Oil to go higher is the Elite thieves.. They will push oil to 200 a barrel... Get your wallet out, it's coming..