Alberta, Canada is full of the signs of continuing oil profits like new business projects and construction, according to the London Free Press. But some old-timers who remember when things crashed in the 1970s and people who study the market fluctuations say that there is a lot in common between today's high prices and the way gas prices shot up about thirty years ago. The newspaper quotes Vince Lauerman, a global energy analyst with the Canadian Energy Research Institute, as saying, "The cause
London Free Press
The London Free Press (not from England) reported yesterday that an announcement is expected today from the Canadian federal government on the nation's use of biofuels. It is expected that all fuels sold in Canada will need to contain at least five percent renewable fuel (ethanol or biodiesel, for example) within the next four years.