It’s FREE! Click one of these fan favorites to get started: Apple ; Google ; Ford . How to Profit From Canada’s Crude Oil Shortage October 6, 2013 | Comments (0) Yes, you read that headline correctly. In spite of surging production from the Alberta oil sands, Canada is in the midst of an oil shortage. But for the savvy investor, this represents a potentially profitable opportunity. The condensateconundrum North of the border, energy production is surging. According to the Canadian Association of Petroleum Producers, bitumen output from the Alberta oil sands is projected to double by 2022 to 3.8 million barrels per day. The problem with bitumen is that it’s too thick to flow freely on its own. It must be mixed with a super-light oil called condensate so that it can be shipped through pipelines. With growing oil sands production, condensate demand is poised to sky-rocket as well. Based on estimates provided by the Energy Resource Conservation Board, the demand for condensate in Alberta could double to 650,000 bpd within the next decade. Today, condensate is the most prized hydrocarbon in Alberta with the light oil trading for a 10% premium over West Texas Intermediate. Analysts fear shortages could result as imports struggle to keep up with demand. Yet south of the 49th parallel, the United States is facing a condensate glut. In the Texas Eagle Ford, condensate production accounts for as much as 30% of output.With forecasters projecting Eagle Ford production to exceed one million barrels per day by next year, much of that will be condensate. But here’s the problem. Nearby Gulf coast refineries aren’t well equipped to handle the super light oil bubbling out of the Texas shale.
As part of TD Canada Trust’s extended hours the branch is open Monday through Wednesday from 8:00 am to 6:00 pm ; Thursday and Friday from 8:00 am to 8:00 pm ; Saturday from 8:00 am to 4:00 pm ; and Sunday from 11:00 am to 4:00 pm . The new branch is wheelchair accessible and features a full-service Green Machine ATM and drive-through ATM available 24 hours a day, 7 days a week. The $5,000 donation to Confederation Park Community School outdoor garden and outdoor classroom project is part of TD’s strong commitment to the environment and the community. Funds will be used to maintain the gardens and the purchase of seeds, plants and equipment. About TD Canada Trust TD Canada Trust offers personal and business banking to more than 11.5 million customers. We provide a wide range of products and services from chequing and savings accounts, to credit cards, mortgages and business banking, to credit protection and travel medical insurance, as well as advice on managing everyday finances. TD Canada Trust makes banking comfortable with award-winning service and convenience through 24/7 mobile, internet, telephone and ATM banking, as well as in over 1,100 branches, with convenient hours to serve customers better. For more information, please visit: www.tdcanadatrust.com . TD Canada Trust is the Canadian retail bank of TD Bank Group, the sixth largest bank in North America . About TD Friends of the Environment Foundation Since 1990, TD FEF has provided more than $60 million in funding to more than 21,000 environmental projects across Canada . In 2012, TD FEF provided more than $4.8 million in support of 1,089 projects. Thousands of donors give to TD FEF on a monthly basis and TD Bank Group contributes in excess of $1 million annually. TD also covers the management costs of running TD FEF, which guarantees 100 per cent of every dollar donated goes directly to funding environmental projects and programs.
Report: Canada Spies Targeted Brazil Mine Ministry
But even as the new system privatizes distribution, critics fear regulation under the conservative-led government will make it harder for patients to get access to the drug. In Canada, medical marijuana has been legal but highly regulated for more than a decade. Patients with doctor approval could grow or have someone else grow small quantities or request limited amounts from Health Canada, the national healthcare department. But the conservative-led government voted earlier this year to effectively scrap that system in favor of a privatebut also strictly regulatedsystem, targeting the flow of legal marijuana into the black market and shedding Health Canadas role in marijuana production. Health Canada will phase out the current system, under which it sells registered users marijuana grown by Prairie Plant Systems , by the end of March. Instead, starting Tuesday, medical marijuana users, or aspiring users, can send in an application directly to sanctioned corporate producers , along with a doctors note (or in some cases, a nurses note). If approved, they can place an order, pay the market price (the black market price is about $10 a gram; officials say the medical marijuana price will drop below that within a year), and wait for the secure courier to deliver their weed. (MORE: Majority of Americans Support Legalization of Marijuana ) There are nearly 40,000 people registered to use the drug under the current system in a country with a tenth the population of the U.S., and the government expects that number to balloonup to 450,000 by 2024and fuel what could become a $1.3 billion domestic pot industry. But the government expects that the privatized system, with only heavily-vetted producers (so far there are two licensed distributors, of at least 156 applications), will help ensure a higher level of oversight. Were fairly confident that well have a healthy commercial industry in time, Sophie Galarneau, a senior official with Health Canada, told the Canadian Press. Its a whole other ball game. The new regulations have failed to win over advocates for legalized marijuana, who have faced strong resistance from the conservative government led by Prime Minister Stephen Harper. In November, even as two states in the United States voted to legalize recreational marijuana, the Harper government passed strict minimum penalties for people who grow as few as six marijuana plants. They treat pot like its plutonium, says Blair Longley, head of the single-issue Marijuana Party that fielded five candidates in the 2011 parliamentary elections. Speaking to TIME, Longley says hes concerned the market-based system, whichnixes the right to cheaply grow marijuana at home, will make marijuana less affordable for patients. We always knew that marijuana would get legalized in the worst possible way.
TD Canada Trust celebrates grand opening of new branch in Saskatoon with a donation to Confederation Park Community School
The report on Globo television was based on documents leaked by former National Security Agency contractor Edward Snowden and was the latest showing that Latin America’s biggest nation has been a target for U.S., British and now Canadian spy agencies. The report said the “metadata” of phone calls and emails from and to the Brazilian ministry were targeted by Canada’s Communications Security Establishment to map the ministry’s communications, using a software program called Olympia. It didn’t indicate if emails were read or phone calls listened to. Brazilian Mines and Energy Minister Edison Lobao told Globo that “Canada has interests in Brazil, above all in the mining sector. I can’t say if the spying served corporate interests or other groups.” American journalist Glenn Greenwald, based in Rio de Janeiro, worked with Globo on its report. Greenwald broke the first stories about the NSA’s global spy program focusing on Internet traffic and phone calls. Globo previously reported that the communications of Brazilian President Dilma Rousseff and also state-run oil company Petrobras were targeted by NSA spying. Earlier, Greenwald wrote articles in the O Globo newspaper saying that the NSA was gathering metadata on billions of emails, phone calls and other Internet data flowing through Brazil, an important transit point for global communications. The fallout over the spy programs led Rousseff last month to cancel a planned visit to the U.S., where she was to be the guest of honor for a state dinner. Rousseff last month spoke at the United Nations General Assembly and called for international regulations on data privacy and limiting espionage programs targeting the Internet. Join the Discussion You are using an outdated version of Internet Explorer.