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April 12th, 2012

Canadian Tar Sands Oil Flowing South

by Andrew Price, President & COO

An enormous reservoir of oil sits just to our north in Alberta Canada. The Canadian tar sands hold almost 200 billion barrels of oil by some estimates, giving Canada the world’s third largest oil reserves behind Venezuela, and Saudi Arabia. Much has been written recently about efforts to bring tar sands oil to the US via Transcanada Corporation’s new Keystone XL pipeline. While the Keystone XL pipeline has been delayed, at least in part, for political reasons, other pipelines are quietly jumping in to meet the growing demand. Most recently the 236-mile Portland Maine to Montreal Canada pipeline has been connected with the Canadian tar sands.

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April 5th, 2012

Study Finds That Cape Wind Will Save $7.2 Billion

by Andrew Price, President & COO

Charles River Associates has calculated that the Cape Wind project will reduce wholesale power prices in New England by $7.2 billion over 25 years. The report dated March 29th, was an update to a 2010 study commissioned by Cape Wind, the controversial offshore wind power project planned for Nantucket Sound.

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