Petroleum « Olduvaiblog: Musings on the coming collapse

A CN Rail train carrying liquefied petroleum gas and crude oil has derailed about 80 kilometres west of Edmonton, prompting 49 people to evacuate homes in the area.

Parkland County Emergency Services says it received a call about the accident involving a westbound train around 1 a.m. MT Saturday.

The Transportation Safety Board says 13 cars — four carrying petroleum crude oil and nine carrying liquefied petroleum gas — left the tracks along Highway 16 and Range Road 61 in the hamlet of Gainford.

Carson Mills, spokesman for Parkland County, told CBC News that two of the cars containing liquefied petroleum gas are on fire.

Highway 16 traffic has been re-routed north along Secondary Highway 765, westbound along Secondary Highway 633 and returning southbound on Secondary Highway 757.

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The Costs of Canada’s Inability to Ship Oil to Market | Kenneth P. Green

October 7, 2013 7:03 am / Leave a comment

The Costs of Canada’s Inability to Ship Oil to Market | Kenneth P. Green. (FULL ARTICLE)

As almost everyone knows by now, Canada has some interesting challenges looming when it comes to transporting increasing oil production to markets both inside and outside of Canada. What many Canadians might not realize is how important oil exports are to Canada’s economy. Canada has the world’s third largest proven oil reserves, is the fifth largest exporter of crude oil, and is the fifth largest producer of crude oil in the world. And that’s only expected to grow: According to the Canadian Association of Petroleum Producers, production of oil from Alberta’s oil sands is expected to more than double by 2030, rising from the 2012 level of 3.2 million barrels of oil per day to 6.7 million barrels per day.

What would that mean for the Canadian economy? In 2011, CERI, the Canadian Energy Research Institute projects that investments and revenues from new oil sands projects would be approximately $2-billion over the period from 2010 to 2035, with a total GDP impact of $2.1-billion in Canada. Employment, both direct and indirect stemming from new oil sands investments is projected to grow from 75,000 jobs in 2010 to over 900,000 jobs by 2035. And CERI’s estimate is somewhat more conservative than CAPP’s, estimating oil production at only 5.4 million barrels per day by 2035….