Despite the gloomy reports emanating from its oil and gas industry
By Bruce Lantz Reporter Resource World Magazine Alberta’s economy has taken a beating in recent years, but it isn’t likely to receive the federal equalization payments enjoyed by other disadvantaged provinces. Equalization transfer payments are made by wealthier provinces to offset financial shortcomings in other parts of the country. The process is entrenched in the…
The IEA concedes rising oil demand at odds with its call to end new oil, gas and coal funding
The International Energy Agency (IEA) is torn between two conflicting ends. On one hand, it’s grappling with climate change issues; on the other, it sees rising oil prices. For now, the two ends seem to be running parallel but not converging. Oil demand is rising fast, as are prices, reaching multi-year highs on Friday. Brent…
Plenty of other countries ready to take over Canada’s market share if Canada exits the oil business
By Mark Milke and Ven Venkatachalam Canadian Energy Centre The killing of the cross-border Keystone XL pipeline due to anti-oil activism and politics will change nothing about worldwide oil demand. All it does is hand an advantage to Canada’s competitors. Worldwide oil consumption has been on an upward trajectory, and with the COVID-19 pandemic subsiding…
Consumers, taxpayers, shareholders of Canadian firms and workers will all pay the price for Canada’s cost-insensitive climate policy
By Jock Finlayson and Denise Mullen Business Council of B.C. Your home’s natural gas furnace is on the fritz. You need heat, so you must replace it. There are several options: electric baseboards, electric radiant flooring, a heat pump, or direct gas-fired space heaters. It may also be feasible to use your existing wood fireplace…
IEA wants all investments in new developments to stop. Others warn that could lead to $200 a barrel oil
The Organization of Petroleum Exporting Countries and their allies in OPEC+ are on a collision course with energy watchdog International Energy Agency (IEA) on at least two counts. Last month, the Paris-based IEA delivered the starkest warning yet on fossil fuels, saying the exploitation and development of new oil and gas fields must stop this…
The future possibilities for helium seem infinite
By Pat Price Reporter Troy Media/TNW Avanti Energy Inc. (TSXV:AVN) (OTC:ARGYF) has assembled an expert team of former oil and gas employees, including eight people from the former Encana Corp. Several of those employees were part of the team during the early stages of the discovery of the Montney Formation, one of the premier natural…
We should stop caving in to North American virtue signallers
Michigan Gov. Gretchen Whitmer has launched the latest political hit job on a Canadian pipeline. Whitmer is targeting Enbridge’s Line 5, which runs from Alberta through the Great Lakes region to refineries and chemical plants in Sarnia, Ont. The Sarnia terminus sells to companies that make products that fuel cars, trucks, vans, ships and airplanes…
Anyone who thinks the U.S. can do without Canadian oil, especially heavy oil, is misinformed. Canadian oil is critical to the Americans
By Mark Milke and Lennie Kaplan Canadian Energy Centre The United States banned exports of crude oil in the mid-1970s, as the result of an oil embargo directed at the U.S. by Middle Eastern countries. The embargo began as a result of American support for Israel during the 1973 Yom Kippur War. In response, some…
Alternative energy and calls for the world to overcome its reliance on fossil fuels gaining currency
The short-term prognosis for crude oil looks exciting. But that may be a mirage. The approaching summer driving season in the Northern Hemisphere and the lifting of COVID-19 restrictions have stimulated demand. The Organization of Petroleum Exporting Countries (OPEC) and its allies in the expanded OPEC+ appear confident that with the accelerating vaccination programs and…
No more than a sliver of Canada’s natural resources should ever be controlled by non-democracies
Canadians are used to peace and relative prosperity compared to the rest of the world and are occasionally naïve about it. They assume it’s a regular state of affairs rather than an exception. Canada is an exception, in large part because the country is surrounded by three oceans with one neighbour, the United States, a…