|TODAY, SEPTEMBER 11, 2011, IS THE 10TH ANNIVERSARY OF THE INFAMOUS 9-11 ATTACK ON USA....PVAF reviews the pre post and future of 9-11 impacts.....|
Posted by Champaklal Dajibhai Mistry on September 11, 2011
commemorate today's sharing click on the hyperlinks in this sharing...
these hyperlinks will awaken you to yourself and your relationship of
violence that you face in your daily life....
....SEPTEMEBER 11, 2001: NEW YORK CITY,
THE INFAMOUS DAY THAT CHANGED THE LIVES OF MILLIONS
ON THIS PLANET EARTH FOR EVER......
....at a great cost of human lives and
their wealth, welfare and well-being in many nations...
....nations whose citizens
had nothing to do and vice versa with
Osama bin Laden...
who created this infamous day...
as per his own acclamation to the world.....
post 9-11 showcased
goodness of humanity over
periodic evil dark side
|.....A QUICK TAKE
ON 9-11 AND
ITS PRIME PLAYERS PRE & POST 9-11....
|You can study a very comprehensive overview of the
9-11 attacks on USA
and Post 9-11 drama by
on Wikipedia, the Free Encyclopedia....
You can also acquaint yourself with
Osama bin Laden by clicking on the name...to get an
idea/understanding of what makes a 9-11 milestone in human history
by a single human being....
POST 9-11 10 YEAR WAR ON TERROR
LEAD BY USA AND SUPPORTED BY WORLD NATIONS.....
Clockwise from top left:
Aftermath of the 9/11 attacks; American infantry in Afghanistan; An
American soldier and Afghan interpreter in Zabul Province, Afghanistan;
Explosion of an Iraqi car bomb
|PVAF is publishing this sharing this weekend to remind the
the futility of violence of any kind that causes human pain and
suffering at any level of human existence anywhere on this planet
Earth...the proof is clearly visible in known
human history of say 3000
years...violence has destroyed humanity and its progress repeatedly to
make humanity rebuild their future repeatedly...looking at today
humanity has yet to learn the eternal happy fruits of
PVAF will publish a few choice articles this week as a learning from
history of how 9-11 impacted humanity's individual and collective
economics to alter daily lifestyles of the generation who
experienced 9-11 but also the generations of the past and how it will
impact the generations of the future....prayfully the impact will keep
bringing a happy tomorrow that the September 11, 2011...
|For today's sharing of the 9-11 impact...PVAF shares the story of
lands and people of Alberta,
Canada and their livelihood giving
and sustaining natural resources of
oilsands sharing with humanity in a
society based on the democratic lifestyle principles....as a showcase
for the various other lands and nations on this planet Earth....with
acknowledging the world reckoning that Albert's oilsands is becoming a
oil reserve in the economic future of this planet
Earth and all nations...strategic from the fact that Alberta oilsands is
acclaimed as the third-largest pool of crude oil, behind Saudi Arabia
and Venezuela...supplying currently 22%
oil needs of USA, the most strategic nation on
which the world has relied in the last century and would be relying for
the 21st century for upholding the fundamentals of
human rights, peace and the pursuit of happiness in life.....
was incidentally/accidently or by destiny chosen for today's PVAF
sharing...because Alberta is the birth place of
internet-based worldwide and timeless volunteer fuelled and propelled existence and operation
to eternity of PVAF
since its self-birth in 1996....
...And also because PVAF has the same democratic
mandate to alleviate poverty of existence through acquiring
Life-Sciences Knowledge through universal education for the entire
humanity... because lack of Life-Sciences Knowledge is the primary and
fundamental cause of all violence among humanity...Life-Sciences
Knowledge is the equalizer for humanity quest for
without greed and
envy and in an
Please click on the next line to know how Albert's Oilsands have been
impacted positively because of what happened post 9-11......a word-class
showcase for others to emulate.....
|....now keep on
scrolling for gaining wisdom
through humanity's failures and successes....
.....to live a Lifestyle based on Life-Sciences Knowledge
rather than lifestyle living on
(all photos below from Wikipedia)
THE 10TH ANNIVERSARY OF
.....TAKE A LOOK AT ITS IMPACT ON
OILSANDS OF ALBERTA, CANADA....
.....Oilsands enter spotlight as
searches for secure energy.....
September 10, 2011: By Gary
Lamphier, Edmonton, Alberta,
firstname.lastname@example.org; © Copyright (c) The Edmonton Journal)
On the morning of Sept. 11, 2001,
Eric Newell was jarred from his
slumber by a ringing telephone.
Newell had checked into a Chicago hotel the night before, with plans to
attend his son’s wedding a few days later.
“Get up dad, and turn on the TV,” his son instructed. Newell, then CEO
of Syncrude Canada, the country’s largest oil producer, wearily
Like millions of others, he was stunned by what he saw — images of
jet planes slamming into the twin towers of
New York’s World Trade
Center. Within hours the buildings collapsed, killing nearly 3,000
“We watched everything,” says Newell, who retired from Syncrude in 2003.
“And then we watched Chicago turn into a ghost town. By noon all the
downtown offices were closed,” he recalls.
“In the U.S., (9/11) had a huge impact. When the twin towers and the
Pentagon were attacked, it showed how vulnerable everybody really is.”
The 9/11 attacks launched America’s decade-long
War on Terror. But
what’s less well understood is that 9/11 was part of a perfect storm
that triggered profound economic impacts.
For starters, it deepened a early
2000's U.S. recession that began six months
earlier, in the wake of the tech wreck. And although the U.S. economy
began to bounce back by 2002, the cost of fighting two wars, the
Iraq War and
War, helped fuel a disastrous growth of some
$14+ trillion and growing by the
U.S. government debt
and the resulting
2011 USA debt crisis.
A decade later, America’s federal debt totals a staggering $14.7
trillion US, up about 150 per cent since 9/11, and Washington expects to
run huge budget deficits for years to come.
The growing U.S. economic vulnerability was laid bare during the brutal
2008-2009 recession. And although there has been a fitful recovery
since, America remains a deeply wounded behemoth, while
and geopolitical clout has soared.
The 9/11 attacks also indirectly influenced the evolution of the
Canadian economy over the past 10 years, and the resurgence of the
once-derided loonie — Canada’s petrodollar.
In tandem with a series of other events, 9/11 also helped to precipitate
the biggest investment boom in Alberta’s history, as tectonic shifts in
global energy markets worked to the province’s benefit.
Between March of 2002 and July of 2008, the price of
light sweet crude
soared some 600 per cent on the
New York Mercantile Exchange, from about
$21 US a barrel to more than $147.
The rally was driven by soaring Asian
demand, the growing challenge of
replacing oil reserves, heightened fears about the reliability of energy
supplies from the Middle East, and a sagging
greenback, which drove
crude prices and the Canadian loonie higher.
Those factors in turn made Alberta’s oilsands a magnet for
result: hundreds of billions of dollars flowed into the oilsands, as
jockeyed for a stake in what is now recognized as the
planet’s third-largest pool of crude oil, behind
Saudi Arabia and
A decade after 9/11, oilsands production has roughly tripled to about
1.7 million barrels a day, and it’s on track to exceed three million
barrels a day by 2020.
With oil prices currently running in the $90 a barrel range — nearly
three times the recessionary lows of early 2009 — about $30 billion (Cdn)
is expected to be invested in the oilsands this year, about half of it
on new projects.
As a result, Canada is now the top exporter of crude oil to the U.S.,
and many economists expect Alberta to lead the nation in growth — along
with resource-rich Saskatchewan — for years to come.
“There’s no question that 9/11 and the War on Terror . . . indirectly
were catalysts for accelerated investment in the oilsands,” says
Peter Tertzakian, chief energy economist at Calgary-based
ARC Financial, and
author of the best-selling book,
The End of Energy Obesity.
“To say it was exclusively due to 9/11 is not correct because 9/11 and
the decade that ensued overlapped with the rise of China and the demand
surge for energy, particularly oil. So in a sense there was a
demand-side and a supply-side perfect storm. But 9/11 was a major
contributor,” he asserts.
|Robert Johnston, who heads the global energy and natural resources
group at Washington, D.C.-based
Eurasia Group, a consulting firm that
specializes in assessing
geopolitical risks, agrees.
“If you remember, 9/11 was followed (in 2002) by the strike at
(Venezuela’s state-owned oil company), the rise of
Hugo Chavez and
changing perceptions about the reliability of
Venezuelan heavy oil
supply to the U.S.,” he says.
At the same time, supply disruptions in key oil-producing nations like
Nigeria created even tighter market conditions. And as war
raged in Iraq, terrorists launched attacks against oil infrastructure
targets in Saudi Arabia,
OPEC’s largest producer.
Thus, in a world of rising instability and
surging energy demand, the
allure of Alberta’s oilsands grew dramatically. Between 2004 and 2007,
new multi-billion-dollar oilsands projects were unveiled on a regular
basis. And although many projects were delayed by the 2008-2009
recession, activity in the
Fort McMurray region has rebounded sharply
“We take Saudi oil security a little bit more for granted now. But back
in 2003-2004 during the (early days of the)
Iraq War, with terrorist
attacks against Saudi
Aramco’s (the state oil company’s) infrastructure
and personnel, that was a big catalyst in the oil price rally we had,”
“And equally so, that drove the shift of global capital in the energy
sector toward unconventional resources, of which Alberta has the
biggest. So absolutely, I would say (9/11) directly contributed to
If Chavez had not gained power in Venezuela in the late 1990s, ushering
in an era of virulent
anti-Americanism, Alberta’s oilsands may not have
gained so much prominence, he argues.
“Without Chavez, what probably would have happened after 9/11 is there
would have been a doubling down of investment in Venezuela. So the
projects that are being developed now in the
Orinoco (oilsands belt)
would have probably happened a lot sooner,” says Johnston.
“But looking back, it was a real perfect storm for Alberta, that the
Persian Gulf suppliers and the Venezuelan suppliers (came into
question). And then of course you had the
Yukos crisis in
created a big chilling effect on that market too.”
Yukos, which accounted for a big chunk of Russia’s oil output a decade
ago, was charged with tax evasion and declared
bankrupt by a Russian
court in 2006. Its former CEO,
Mikhail Khodorkovsky, was imprisoned.
Critics believe the charges were politically motivated, but the Yukos
episode showed how dangerous it can be for Western energy firms to
invest in Russia, the world’s largest oil producer.
Royal Dutch Shell
learned that lesson in 2007, when
state-owned natural gas giant, seized control of the Anglo-Dutch
multinational’s $22 billion (U.S.)
Sakhalin Island project, then the
world’s largest integrated oil and gas project.
Once again, it underlined the relative attractiveness of investing in a
stable jurisdiction like Alberta. It also showed how tough it is for the
world’s oil giants to replace their oil reserves.
“What’s happened in the last 10 years is that you’ve had so many places
where (investment) opportunities have been cut off, including Venezuela
and Russia,” says John Kingston, global director of news for
New York-based energy news service.
“So you could say investment in the oilsands is partly driven by
security concerns. But even in Venezuela, where companies were forced to
accept some really onerous terms, a lot of them chose to stick around,”
“So I think certainly the security and stability of Canada would make it
even more attractive. But oil companies are willing to swallow a lot to
look for oil, wherever it might be.”
That principle extends to the major oil companies of
Thailand and other
Asian countries. They’ve joined the stampede to
Alberta’s oilsands in a big way over the past couple of years, investing
$9.2 billion last year alone.
“Again, I wouldn’t say that’s directly related to 9/11, but they did
start (to focus on) this idea of
energy security,” says Greg Stringham,
vice-president, oilsands and markets, for the
Canadian Association of
“They were primarily reliant on the Middle East for crude, and now
they’re seriously investing in Canada’s oil resources.”
week keep visiting
PVAF AASHRM NEWS
for learning through
....continuing series on 9-11
ideology and concept....
alternatives democratic lifestyle choices
open to humanity.....
DO NOT FORGET TO KEEP YOUR STUDY TIME FREE FOR...
commemorate today's sharing click on the hyperlinks in this sharing...
......these hyperlinks will awaken you
to yourself and your relationship of
that you face in your daily life....
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