The Cadre, November 26, 1974, Page 7

CANADA Wlll

(CUP)—-—Canada will begin importing more oil than it exports in two years because its oil wells are Beginning to run dry.51

The oilgcompanies say ‘the solution to the impend— ing shortage is to pour as much oil as possible through pipelines into the United States while raising prices (and profits) astronomically

' fki‘fl k;:”b~support them I a,rfiéselling phoney facts and {egrfigures.

"It is now impossible to avoid the crisis, there is nothing we can do about it, Canada has no right course left," he told a meeting of alumni and students at the University of British Columbia.-

To prove his point, he displayed a chart prepared . by the Canadian Petroleum Association(CPA), the oil industry's federal and pro—

.vincial government lobbying '”organization.

The chart shows oil production from know re— isetvésihilfhbegin5drqpping

“Avififtfiqi§e§§é“at‘a rate of 29§ifiilIiOn barrels per year.‘ It is included in a

pamphlet, Canada Energy Future, published by the

CPA and the Independent Pet— roleum Aesociation of Canada in September for distrubution to Members of Parliament and other government officials.

’The companies say-in the pamphlet that there are 'plentiful "potential reserves" (marked on the chart with question marks) that can be -discovered~and put into pro- duction if the government stops taxing the companies ._and allows them to increase “lgkplgration with all the new ’3 sisgeehexgwillP? making- T l di ionalsexpingtion cap— ital‘cah'be'raigfialbyflexpot—. 'ing oil tinS markets, they say.

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North, who fought for five years with 011.company executives, said the "poten- ia1"‘reserves are Based on false assumptions that the

fields have the same geo— logical Qualitiescas Ameri— ,can ones and that the oil .gwould be economically feas— -:~é§ls.tp.remove- Mn; 10 ,QNoegther.nation besides ahafianqdathabitually expresses igrkgfiential reserves as reserves," sflqhfifigidxy-fimdgthe~only Canadian Jx:$pdg§try that bothers documen— ting potential reserves is

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-said.

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the oil industry, said North.

The two allegedly major potential reserve areas are the Alberta tar sands and massive Arctic sea fields.

The oil companies say the potential is in excess of 300 billion barrels and it will cost at least $30 billion to discover these potential reserves in the next 10 years.

."The required amounts won't be available if gov— ernments continue to increase the share they take from in— crease the share they take from industry revenue," they warn in their lobbying paper.

North said this amount of money might need to be

~spent but not much oil is

going to be found with it._ He said even the most optimistic predictions about apparent promising reserves in the Arctic Balfour Sea show exploration and devel- opment costs to be more than ¢6 billion. And while the development might be complet— ed by 1985 and produce more than 500,00 barrels per day,

.Canada by then would be short

at least 150,000 barrels per day.

The Alberta Tar Sands are/equally unpromising, he "If the proven reserves in the McMurray Tar Sands were dug out and brought into market, they would extend oil use for four years only," he said.

Most of the tar sand oil is buried so deep that it would take more energy to remove it than the reserVes could produce. And in any case shortages of power, money and materials such as steel platforms make it impossible to put more than one massive tar sand field

-in production every two years,

North said.

To keep up with the Short— age it would be necessary to open two giant open pit holes every year, he said.

North said that while he disagrees with the oil companies' "solution" he doesn't have an easy answer himself.

. One solution is to allow the price of natural gas to rise substantially, he said. Large gas fields which don't have oil in them could be discovered if gas wasn't as underpriced as it currently is. .

Other solutions involve nuclear power and increase use of coal. He said the most effective solution may be for the government to 5 force conservation measures

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on the people, even though such austerity would be dif— ficult in a democracy. "Without optimism, the petroleum industry can‘t

IMPORT» none on ma n} EXPORTS

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survive," North said. "You can't manage exploration‘ without optimism. But, "Optimism has become irrat— ional," he said.

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CAPWN HOOK

hummu- Objectives-We Like To set nigh,

When someone comes to

When we feel love, some

U.P.E.I., he sees that most place inside us is getting

everyone is carrying a bur-

touched. It's there inside

den of work on his shoulders.us, when we're in a history

And when the weekend comes,

some flock to pig & whistles, wall as any time-

hile others go off to a quiet place to get stoned. Everyone's looking for the same feeling. We just ant to be free, to feel‘: igh inside, and we'll do anything to get there. But is a‘couple of nights in ,.whole week enough for us?'

exam or a chemistry lab, as But we' re not aware of it.

How can we feel it? How can we be high 24 hours a day? How can we meditate on that spot inside, that's so beautiful that nothing could bring us down?

Come find out Friday, November 29 at 7:30 P.M.

ftér all, if we con be high in Duffy Amphitheatre.

for one moment in our life, will we ever be satisfied

. without that pure feeling

Alex Perlman