The news wires are abuzz with the announcement that Obama has caved into his party’s environmental wing and killed the Keystone pipeline that would have carried Canadian oil to the refineries along the gulf coast. Obama spluttered some words about reducing car fuel consumption as a way of making up for the jobs the pipeline would have generated. Let us face it: Obama has caved to the environmentalist who threatened to withdraw their support if he did not kill the pipeline. One of those fancy magazines that I read a while ago had an article by Bill McKibben spelling out the full threat. Here is one report on his role: (more…)
Archive for the ‘oil’ Category
Juneau is my favorite State Capital. It snuggles between the mountains and the calm waters of the inlet some way down the panhandle of Alaska. Thus I readily accepted when I was asked to present a course at the upcoming Alaska Miners Association 2011 AMA Juneau Convention to be held March 15 to 18, 2011. Here is a LINK to the registration form. The course will be a one day course, in spite of what the form says currently, i.e., a half-day. I htink a full day is better as we can pace ourselves and go into detail. (more…)
Miners supporting pirates with cash payments. Seems hard to believe. But the news is out that an Australian mining company is doing just that. Read on.
Books on pirates glorify the romance of the free spirit and the rough life. Movies and musicals do likewise. Recall the wonderful Pirates of Penzance, in which it turns out that all the pirates are peers of the British Empire “who have done wrong” and so are pardoned to marry the Major-General’s daughters.
The reality off the coast of Somalia does not seem quite as romantic. My son who floated around on a Navy ship in the area assures me the Navy could wipe out the pirates fast if it were not for the reticence of the insurance companies who understandably want to minimize their losses, preferring to pay the ransoms. Maybe the pirates are Robin Hood in disguise afterall—-preying on cautious insurance companies like AIG.
My companion at the end of the movie There Will be Blood remarked “Now what do you make of that?” I too was a trifle baffled at the story and the message. A rather contradictory character starts out in New Mexico mining silver or is it gold, but finds oil. Great shots of hard-core mining practices by the small-time 18th century miners. Enough to make your heart beat with pride. Until they blow things up and workers die. But the technical incompetence and death is all rather neutral and low key.
The story could be that of a modern Vancouver mining junior: find an ore body, struggle to get it started, get interrupted by accidents and local politics, have the majors go after you and your find, and ultimately sell for a fortune to retire to a mansion in British Properties.