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+ National Energy Board is calling for participation in a public review of Arctic Offshore Drilling Requirements

+ Al Shpyth to Managing Dir. Kazakhstan @ Cameco Corporation

+ Ashley Christie to Asscociate @ Soby Boyden Lenz

+ Dave Bronkorst to VP Sask South @ Cameco Corporation

+ Dave Neuberger to VP International Mining @ Cameco Corporation

+ Douglas Robinson to Chairman @ Desmarais Energy Corporation

+ Grant Goddard to VP Sask North 2 Cameco Corporation

+ John Richels to CEO @ Devon Energy Corporation

+ Judge Justina Maria Filice to Assistant Chief Judge, Edmonton Provincial Court, Family and Youth Division

+ Timothy Egan to Pres. & CEO @ Canadian Gas Association

+ Canoro Resources Ltd. established new $35million convertible debt facility

+ Petrobras on market to raise $25 billion in new equity for offshore development

+ Royal Bank of Canada closed $1.5 billion subordinated debt financing

+ speaking of economists; ATB’s Todd Hirsch and Dan Sumner – Daily Economic Comment that captures a lot of data – and it is archived in downloadable PDF files

+ EPCOR Utilities Inc. agreed to acquire Chaparral City Water Company (Chaparral, Arizona) for US$ 35 million

+ new projects - sponsored by the Alberta government at 19th Annual Emerald Awards; Emerald Challenge Award - Oil Sands recognized Chris Fordham from Suncor for excellence related to environmental activities in Alberta’s oil sands.  Alberta Pacific Industries and Innovative Pipelining Strategies each received the Emerald Certified Shared Footprints Award for excellence in demonstrating a reduced environmental footprint using integrated land management

+ Imperial Oil will be paying the Alberta government $6.5 million toward road repairs in consideration of its 207 truck loads of equipment (fabricated in Korea) as it is hauled to the Kearl mine site

+ perhaps Finance Minister Flaherty will be watching the French experience; the government of France is selling 1,700 buildings to help cut its ballooning debt

+ Suncor Energy Inc. got approval for its planned 88 megawatt Wintering Hills wind power project  (125km NE of Calgary )

A civil engineer, a chemist and an economist are traveling in the countryside. Weary, they stop at a small country inn. “I only have two rooms, so one of you will have to sleep in the barn,” the innkeeper says. The civil engineer volunteers to sleep in the barn, goes outside, and the others go to bed. In a short time they’re awakened by a knock. It’s the engineer, who says, “There’s a cow in that barn. I’m a Hindu, and it would offend my beliefs to sleep next to a sacred animal.” The chemist says that, OK, he’ll sleep in the barn. The others go back to bed, but soon are awakened by another knock. It’s the chemist who says, “There’s a pig in that barn. I’m Jewish, and cannot sleep next to an unclean animal.” So the economist is sent to the barn. It’s getting late, the others are very tired and soon fall asleep. But they’re awakened by an even louder knocking. They open the door and are surprised by what they see: It’s the cow and the pig!

‘Did you ever think that making a speech on economics is a lot like pissing down your leg?  It seems hot to you, but it never does to anyone else.’- Lyndon B. Johnson

‘Economists are people who work with numbers but don’t have the personality to be accountants.’ – source unknown

‘Economists are pessimists: they’ve predicted 8 out of the last 3 depressions.’ – Barry Asmus

‘It’s called political economy because it has nothing to do with either politics or economy.’ – Stephen Leacock

An economists is a trained professional paid to guess wrong about the economy. An econometrician is a trained professional paid to use computers to guess wrong about the economy.