by Rolly Montpellier (Below2C)
The Death of the Tar Sands – When one looks at the history of the Tar Sands and the Harper Government’s energy strategy for Canada (focused almost entirely on the expansion of fossil fuels) the Death of the Tar Sands seems like an unlikely scenario.
But Tim Flannery, the author of The Weather Makers: The History & Future Impact of Climate Change, has a different viewpoint.
It doesn't have the flexibility to cope with price shocks anymore. It’s got to trade in a very narrow price band or it’s going to fall over. And Big Oil views innovation as the enemy.
As new technologies make renewables cheaper, fossil fuel producers continue to feel a price squeeze. In other words — trouble for the costly extraction of oil from the tar sands.
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