For four years, the U.S. has firmly rejected joining the producers’ club to curb output. It can’t remain aloof any longer
Energy diplomats are on overdrive, seeking to bring an end to the senseless global crude oil war. Russia and Saudi Arabia have flooded the market, driving down oil prices. A G20 virtual meeting of energy leaders is being urged, with International Energy Agency executive director Fatih Birol reportedly propelling the idea. Former U.S. Energy Information…
An electromagnetic pulse (EMP) attack could devastate modern society and result in massive casualties
On Feb. 2, thousands of Canadians lost by a landslide – and most weren’t even in politics! Ordinary citizens found normal life interrupted for days after a landslide near North Bend, B.C., cut fibre optic cables. Phone and Internet service was disrupted all weekend. Vancouver parking meters stopped working. Calgary security alarms started malfunctioning. But…
The COVID-19 crisis can’t be used as an excuse to kill one of Canada’s largest, best-paying industries, which benefits us all
Mark Milke and Lennie Kaplan Canadian Energy Centre While the world grapples with the COVID-19 pandemic and an economic downturn, anti-energy activists have spotted an opportunity: to kill off Canada’s oil and gas industry – the one that provides hundreds of thousands of jobs and hundreds of billions of dollars in tax revenues to governments.…
What we do now to support the energy industry will determine Canada's future economic health and its role as a global supplier
Governments have been forced to take bold actions during the COVID-19 pandemic and simultaneous economic crisis. For the Canadian Association of Petroleum Producers (CAPP) and our member companies, health and safety is a top priority. We support governments’ measures to protect the health of citizens and flatten the curve in the spread of COVID-19. We…
With demand and supply shock acting simultaneously, crude markets are imploding. And this is just the tip of the iceberg
The global oil war is on and no one seems to be blinking. Saudi Arabia is set to increase its crude oil exports in May by about 600,000 barrels per day (bpd), bringing its total petroleum exports to 10.6 million bpd, an official at the Saudi Arabian Energy Ministry told the Saudi Press Agency. Russia…
It’s time for a Russia-Saudi-Arabia-Texas crude oil axis. But it will require the Trump administration to make some concessions
Is a Russia-Saudi-Arabia-Texas crude oil axis possible? Based on the media hype, it seems not just possible – it seems probable. Demand destruction in the oil market was already in place. The coronavirus pandemonium only accelerated it. And the oil price war between Russia and Saudi Arabia only helps to worsen things. The oil industry…
By Steven Globerman and Jairo Yunis The Fraser Institute The Alberta government recently announced cuts to scores of jobs at the Alberta Energy Regulator (AER), including operations staff, headquarter managers and field workers, as part of a major reorganization. The ostensible goal is to make the AER more efficient, effective and resilient by simplifying the…
The link between oil sands development and First Nations prosperity is clear and profound. Project delays can be devastating
By Mark Milke and Lennie Kaplan Canadian Energy Centre When Teck Resources cancelled its proposed Frontier oil sands project last month, Canada lost more than the government revenues and blue-collar jobs the mine would have created. The loss of this project was also a blow to northern First Nations communities. On average, people who live…
Quebec and B.C. are committing constitutional mutiny, preventing Alberta from developing solutions to being landlocked. It’s time for independence
When it comes to trading in markets beyond its boundaries, Alberta would have better options as an independent state than under the status quo currently blocking some of its resources. Alberta is landlocked and landlocked states depend on their neighbours for access to trading seaports. It’s the reason some people quip that an independent Alberta…
Resolving these Indigenous governance issues as well as cleaning up duty to consult policies is good for the First Nations involved as well as Canada
In January 2019, a group of breakaway hereditary chiefs from Wet'suwet'en First Nation in the interior of British Columbia erected a blockade on a remote forestry road in protest of the proposed Coastal GasLink pipeline to Kitimat, B.C. Eventually, the issues were addressed, the barricade came down and work on the site resumed. Observers worried…
Energy diplomats are on overdrive, seeking to bring an end to the senseless global crude oil war. Russia and Saudi Arabia have flooded the market, driving down oil prices. A G20 virtual meeting of energy leaders is being urged, with International Energy Agency executive director Fatih Birol reportedly propelling the idea. Former U.S. Energy Information…
