Things are changing faster, and for the better, than radical environmentalists recognize or acknowledge
A recent Globe and Mail story about a firm developing garbage-to-biodiesel technology shows how continuing progress makes the global warming extremists’ most hysterically apocalyptic predictions, and their extreme absolutist ‘solutions,’ not only grossly wrong but already likely obsolete. In the case of the company profiled, Cielo Waste Solutions Corp. is able to transform not just…
Owners of the most popular vehicles in Canada will pay much more in carbon taxes in coming years
By Mark Milke and Lennie Kaplan Canadian Energy Centre Except for a few blessed spots in southern Ontario and southern British Columbia, Canada is a cold northern country. That means that for six months of the year or more, snow can pile up on streets, highways, your driveway, and condominium and apartment exit ramps. And…
The crude oil rally is stuttering. Having ceded some 15 per cent in prices in recent months, the rally we saw earlier this year has lost steam. Despite talk of growing demand, tightening markets, galloping prices and the call by U.S. President Joe Biden to the Organization of Petroleum Exporting Countries and their allies in…
Global markets’ overdependence on China backfires as COVID resurgence forces travel restrictions
China has been the sole driver of the global crude oil markets for years. Its growing crude thirst has, time and again, pulled the markets up. Last year, while crude markets were touching the ebb, even going into negative territory, “Chinese buyers dragged oil prices out of the doldrums single-handedly as they stocked up on…
Population and economic growth will continue. Absent a miracle, oil and gas will remain key
By Mark Milke and Ven Venkatachalam Canadian Energy Centre When the International Energy Agency (IEA) called for an immediate halt to all new oil and gas investment worldwide in May, it appears they neglected to account for two important realities: Africa and Asia. Those two continents have been in population and economic booms for decades.…
Canada’s 2050 goal to achieve net-zero emissions might look good on paper, but it will harm investors, companies, employees and households
Canada’s policy to achieve net-zero emissions by 2050 necessitates divesting from fossil fuels. There’s just one problem: massive outstanding loans from banks to the oil and gas industries. The oil and gas sector makes up more than 10 per cent of the Canadian economy, and abolishing it, gradually or otherwise, would take its toll. Canadian…
Oil producers are facing a structural transformation in the market
The global crude oil market is undergoing a structural transformation. In its recent Monthly Energy Review, the U.S. Energy Information Administration (EIA) pointed out a sharp decline in United States energy intensity – the energy consumption per unit of gross domestic product (GDP). In crude oil terms, the contribution of each unit of energy to…
Big infrastructure plans in Canada, the United States and the European Union place a lot of emphasis on renewable energy displacing coal, gas and petroleum. Yet little attention is given to the one vital element that makes all these ‘green’ energy transition plans for power plants and vehicles viable: practical and affordable energy storage. Solar…
The summer driving season is upon us and Americans are hitting the road in much larger numbers than a year ago
Crude oil markets face an interesting mix of influences. While the COVID-19 Delta variant continues to affect the markets, conflicting signals seem to push oil prices in the opposite direction. Reports confirm that American oil consumption is rushing back much faster from the pandemic slump than initially predicted. The summer driving season is upon us…
Despite the dramatic decrease in carbon emissions intensity
By Mark Milke and Lennie Kaplan Canadian Energy Centre Want to know why Canadian oil and gas gets so little respect from anti-oil and gas activists? It’s not because Canada’s main energy sector is somehow a miscreant on measures of carbon emissions or anything else. Instead, it is often due to three approaches: focusing only…
A recent Globe and Mail story about a firm developing garbage-to-biodiesel technology shows how continuing progress makes the global warming extremists’ most hysterically apocalyptic predictions, and their extreme absolutist ‘solutions,’ not only grossly wrong but already likely obsolete. In the case of the company profiled, Cielo Waste Solutions Corp. is able to transform not just…
