Stories tagged with financial engineering
The Round-Up: July 24th 2007
Posted by Stoneleigh on July 24, 2007 - 12:00am in The Oil Drum: Canada
Topic: Miscellaneous
Tags: biofuel, carrying capacity, climate change, derivatives, financial engineering, migration, money supply, nuclear, oil sands, pipelines, population, water [list all tags]
Water concerns are emerging in North America as the world warms. The US wants a continental approach to water supply, but Canadians disagree. Meanwhile, in parts of England, there's "water, water everywhere, but not a drop to drink".
The 'true north' tries to be 'strong and clean', but can't seem to do a proper energy audit. Arctic gas pipelines move a step closer to reality. Power supply in Ontario tightens further, while Cameco discovers uranium in the soil. Can we harness tornado-power next?
The insatiable debt-monster of Wall street spreads from subprime to Alt-A, bond ratings spawn legal action, and Fannie Mae and Freddie Mac attempt a subprime bail-out. The savings rate stays negative south of the border, as Americans keep borrowing just to stay on the treadmill.

Oil pipeline accident causes spill in Burnaby, B.C.
The oil gushed for a reported 25 minutes before crews were able to staunch the flow.
"We had a vehicle hit an oil head," Cpl. Jane Baptista, of the Burnaby RCMP, told The Canadian Press on Tuesday.
"There was some oil spilled over the road. We have hazmat (hazardous materials) and Burnaby Fire Department on scene. Police have assisted with some evacuation of some residents there."....
....There are fears that a major environmental problem may be developing.
Local radio station News1130 reported that witnesses are described the scene as a "river of oil."

k Nation (Jim Kunstler)


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