Obama Apparently Wants HIGHER Oil Prices
Obama's clean-oil push could threaten oilsandsSheldon Alberts, Washington Correspondent , Canwest News Service Published: Tuesday, June 24, 2008
WASHINGTON - Barack Obama on Tuesday vowed he would break America's addiction to "dirty, dwindling, and dangerously expensive" oil if he is elected U.S. president - and one of his first targets might well be Canada's oilsands.
A senior adviser to Obama's campaign told reporters it's an "open question" whether oil produced from northern Alberta's oilsands fits with the Democratic candidate's plan to shift the U.S. sharply away from consumption of carbon-intensive fossil fuels.
"If it turns out that those technologies don't advance . . . and the only way to produce those resources would be at a significant penalty to climate change, then we don't believe that those resources are going to be part of the long-term, are going to play a growing role in the long-term future," said Jason Grumet, Obama's senior energy adviser.
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Sure, this will affect Canada in the short-term, but it's not as if there isn't a world-wide demand for oil. With his commitment to not drill for more oil, he's setting himself up for increased demand for oil from less friendly nations. Good luck with that! Maybe that's a sign that an Obama administration would be fully committed to bio-fuels. If so, keep holding your agriculture stocks.
I've never been an Obama fan, but he just keeps giving me more and more reasons to dislike him. Being Canadian I won't be voting, so I'm sure he could care less about my opinion about him, anyway. LOL!