Replenishing U.S. Strategic Petroleum Reserves could take years

Replenishing U.S. Strategic Petroleum Reserves could take yearsOil purchases deferred as offers received were either too expensive or didn’t meet the required specifications The U.S. is in no rush to refill its Strategic Petroleum Reserves (SPR), according to Biden administration officials. In fact, “it could take years for the United States to refill the Strategic Petroleum Reserve” to the level it was…

Carbon taxes driving food prices higher

Carbon taxes driving food prices higherCould become a much more significant driver of food inflation than climate change itself On April 1, the carbon tax will be set at $65 per metric tonne. We are slowly marching towards a carbon tax of $170 per metric tonne by 2030, more than double what it is today. Yet, so far, not one…

Natural gas key to Canadian farming

Natural gas key to Canadian farmingFrom grain farms to chicken barns, natural gas helps farmers thrive Natural gas is a critical resource for Canadian farmers. Canada’s colder climate makes the fuel indispensable for heating poultry, hog and dairy facilities like barns, outbuildings, shops and greenhouses.  Natural gas is also critical for grain drying and manufacturing nitrogen fertilizer. Chris Allam of…

Accept that failure is part of business success

Accept that failure is part of business successForget your ego. Just focus on the possibility of what might be. Take the risk I remember the first time I really bruised my business ego. I was 21 and had convinced a bunch of investors that my idea was the next big thing. For months I built the product, pounded the pavement and found…

University professors should just say no to oil and gas divestment

University professors should just say no to oil and gas divestmentThe end goal of divestment is supply shortages, higher prices, shuttered factories, job losses, and energy poverty Just as they did with university endowment funds, divestment activists are now pressuring university pension plans to abandon investment in oil and gas companies. That’s why InvestNow has called on 20,000 university professors to reject the divestment agenda.…

China–brokered deal between Iran and Saudi Arabia catches world by surprise

China–brokered deal between Iran and Saudi Arabia catches world by surpriseA new crude oil bloc seems to be taking shape, apparently at the cost to the U.S. and the West A new, global ‘crude’ order is coming, carrying geopolitical ramifications. On Mar. 10, a China-brokered deal between two oil-producing rivals in the Middle East, Iran and Saudi Arabia, was announced. The deal took the world…

How generative AI is changing the future of customer service

How generative AI is changing the future of customer serviceThe transition from overworked customer service staff to AI will happen quickly Since the emergence of ChatGPT, AI has suddenly become the talk of the town, with tech companies racing to deliver the best artificially intelligent chatbot. So much so that, by 2024, AI investment is predicted to reach more than US$500 billion. Businesses aiming…

How to make sure your customers want to come back

How many times do your customers leave your business because you’ve trained your staff to guard your products but not sell them?

How to make sure your customers want to come backHow often do your customers leave your business without buying because your staff is ill-trained? I had just climbed the steepest part of the hill and was out of breath when, out of the corner of my eye, I saw the dog sprinting out of the driveway toward me. My heart was already racing, and…

The oil sector has its swagger back

The oil sector has its swagger backEnergy security is now the phrase on everyone’s lips and yesterday’s villains are today’s saviours Energy security is back on centre stage. A record-breaking 7,200-plus people jammed into Houston’s Hilton Americas last week for what is often dubbed the Super Bowl of the energy world – CERAWeek. And the mood was buoyant. After years of…

United Arab Emirates considering quitting OPEC

United Arab Emirates considering quitting OPECIt would be a crippling blow to the influence of the organization on the global oil markets Saudi Arabia and the United Arab Emirates (U.A.E.) are on a collision course over several issues, one of which could seriously impact the fate and the workings of the Organization of Petroleum Exporting Countries (OPEC). There were reports…
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