Air Canada just doubled its fuel surcharge
Air Canada has doubled its fuel surcharge to $30. They say it is because of the cost of oil. Canada does not import much oil, however I have stated repeatedly that we only have 2.5 years of pumpable oil left. The remaining reserves which are predicted to last 130 years are composed of tar sand & shale oil. Suncor abandoned a shale oil project in Australia in 2001 because it was impossible to extract the oil while still meeting basic environmental standards. In fact they were being sued by local residents.
So there you have it folks. Not a single aircraft in use today can fly without petroleum fuel. They are the canaries of the oil supply. This particular canary is showing some distress.
