Tar Sands Stock Tanks After Direct Action in Utah

Posted: August 6, 2013 by earthfirstdurango in Uncategorized

Earth First! Newswire

by Lauren Berlekamp / Ecowatch.com

utahtarsands-500If you are thinking about investing intar sands oil in Utah—think again.

US Oil Sands’ stock price fell further down the road to failure when a group of nonviolent activistsgathered last weekat the site of the first proposed tar sands mine in the country. Dozens of people peacefully overtook the operations, effectively shutting down for the entire day road construction of the Seep Ridge Road expansion project and work at the mine in Utah’s Book Cliffs. 

According toKCSG Television, the company’s stock price on the Toronto Stock Exchange had closed July 26 at $0.115. After the direct action enforced a full-day shutdown the following Monday, July 29, US Oil Sands’ stock price had dropped to $0.10, down 50 percent from the company’s 52-week high.

“Investors have taken notice that these tar sands and oil shale projects in Utah will be…

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