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The short to medium term outlook for oil sands and heavy oil projects remains worrisome. As the barrel price for light sweet crude remains (relatively) low, new investments in oil sands projects are unlikely to be forthcoming. The combination of low prices and tight credit may forecast a long period of malaise for Alberta’s oil sands industry.

Thursday, October 16, 2008
Upgrader is going up later than usual this week because of the Canadian Federal Election and the American Presidential debate. Now that these two events are a matter of record, there is much good news for the heavy oil and oil sands industries

Thursday, July 10, 2008
Think of how your day would go if you couldn’t use the internal combustion engine, plastic, most electricity, the products of commercial agriculture or anything that has traveled by ship.

Monday, June 30, 2008
Depictions of the oil industry often involve images of geysering derricks, boisterous Texans and ultra-wealthy Arab sheikhs. Though these stereotypes have some element of truth in them, they conceal more than they illuminate about hydrocarbons in the 21st century. Conventional oil will remain the cornerstone of our energy economy into the foreseeable future, but high demand, technological breakthroughs and political factors all suggest that unconventional energy sources are likely to play a crucial supporting role.
Fri, Jul 3, 2009
After failing to land an acceptable construction loan, Calgary-based Connacher Oil and Gas Ltd. is issuing $150 million US worth of first lien secured notes to get its Algar thermal oilsands project back on track this summer. For full story, click here
Fri, Jul 3, 2009
Alberta’s oil sands producers and their U.S. refiners face sharply higher costs to slash greenhouse gas emissions under legislation approved by the U.S. House of Representatives and championed by U.S. President Barack Obama. For full story, click here
Fri, Jul 3, 2009
Saudi Arabia may lower the official price of its heavy oil grade sold to Asia from a six-year high as processing profit for fuel used by ships and power plants dipped in the previous month. For full story, click here
Fri, Jul 3, 2009
Canada-based Vangold Resources has sought oil and gas exploration rights for Rwanda’s Lake Kivu following successful air and satellite surveys. For full story, click here
Fri, Jul 3, 2009
Venezuela will demand that oil companies pay an high premium of between $500 million and $1 billion to participate in the development of the Carabobo oil block in the OPEC nation’s giant Orinoco heavy crude belt. For full story, click here

ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry. Also, check for profiles of companies doing great things to improve mining best practices.
HeavyOilInvestingNews.com maintains a focus on Heavy Oil exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
For upcoming heavy oil investing trade shows, see the following links: Oil Sands Technology Show, Houston Energy Financial Forum
The Heavy Oil Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
Thursday, November 6, 2008
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