De Margerie says that what he likes about Fort Hills is Petro-Canada's vast oil sands experience.
The question was further complicated when at just about the same time Suncor took over Petro-Canada.
Iran, mired in deficits, is in no position to help, compared to the still-flush Arab petro-monarchies.
Petro-Canada's chief Ron A. Brenneman declined to comment on Total's potential involvement in the Fort Hills project.
Meanwhile, European businessmen were downstairs in the hotel lobby, plotting ways to profit off bountiful Libyan petro-dollars.
He hopes his recent Arabian tour will bring in billions of petro-dollars in investment and thus much-needed jobs.
High oil prices give petro-economies the wherewithal to counter discontent by dispensing largesse.
The petro-crisis has already prompted capital flight, contributing to a 12% decline in the bourse so far this year.
Then, too, petro-dollars and Western support were weak tools for fending off trouble.
The petro-pessimists' most forceful argument is that the Persian Gulf, officially home to most of the world's oil reserves, is overrated.
It's a situation that's difficult to understand considering Venezuela is a petro-state with the largest proven reserves of oil on the planet.
Gonzales also denounced that the fact that there are petro-dollars circulating in the market does not mean that the economy is strong.
Petro-addiction is in large measure an obsession with the automobile and mobility.
Russia's petro-giants, GAZPROM and LUKOIL, along with Venezuela's PDVSA, recently agreed to form what will be the largest oil consortium in the world.
CENTERFORSECURITYPOLICY: The Russian-Venezuelan strategic alliance
The other companies Lacey referred to include Opti Canada, Royal Dutch Shell and the Forest Hills project conducted by Petro-Canada, UTS, and Teck Cominco.
If it becomes a petro-currency, many factories will be forced to close unless the needlessly high costs of doing business in Brazil are slashed.
Brooklyn teenager Chanel Petro-Nixon left her family home at 6:30 p.m. on Father's Day 2006, to walk to an Applebee's restaurant a few blocks away.
Instead of bringing the region together, petro-rivalry could drive it apart.
The petro-giants own the oil, but they rely on service companies like Weatherford to drill for it, study it and build wells and pumps to extract it.
The government is exploring ways to reduce immigration restrictions to make it easier for technical professionals, particularly those with experience in the petro-chemical industry, can come and work in Brazil.
Oil sands observers think Total wants Fort Hills bad enough that it will pay up to buy out both UTS' and Teck Cominco's stakes in order to partner with Petro-Canada one-on-one.
Given the petro-background of many of Mr Bush's men, such persuasion should mute objections from those in Washington who want to change the regime in Libya before dropping sanctions or restoring ties.
" Malpass is optimistic about growth: "The huge new pools of liquidity--in corporations, central banks, petro-dollars, private equity, hedge funds, foreign savings and the U.S. household sector (the largest pool of liquidity by far)--will take time to use up.
The way that Carter left the Shah of Iran to flap in the breeze and eventually to be swept out of Iran by Khomeini and his band of not-so-merry fundamentalist pranksters hardly inspired confidence in the U.S. by the petro-wealthy of the Arab world.
The other companies Lacey referred to include Opti Canada, Royal Dutch Shell and the Forest Hills project conducted by Petro-Canada (nyse: PCZ - news - people ), UTS, and Teck Cominco (nyse: TCK - news - people ).
If the mega-sized farms of the current modern factory farm system were suddenly beset by a shortage of modern petro-based pesticides and herbicides, those farms would all suffer massive crop failures, and food would become scarce all around the world in less than two years.
We need to create a whole-government, whole-society approach that learns from and taps into the new global geography of innovation, the waves of innovation coming from Indian designers focused on the rural poor, the talent factories of a resurgent China, the petro-dollar-fueled innovation hubs of the Middle East and the disaster-honed civil innovation capabilities of Chile, for instance.
Zambia's unwise nationalisation of the mines in 1969 (as advised by the best of British development economists) may have contributed to declining copper production but population pressures, shifts in the terms of trade since the 1970s and a burden of debt to the West that originated then in recycled petro-dollars have contributed massively to the impoverishment of the country.
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