How we can each deal with inflation

Buying only what we really need eases our budgets, simplifies our lives and cools the economy

How we can each deal with inflationInflation is a relatively new concept to younger people, who have never experienced the onslaught of rising prices. It’s chilling to those who have lived through or learned of times when hard-earned and well-saved money depreciated in value. Monetary policy in Canada aims to keep inflation at or under two per cent. The latest rate…

Rising gasoline prices at the heart of runaway inflation

A climate catastrophe seems in the making. And mitigating the impact of the Ukraine crisis won’t be easy

Rising gasoline prices at the heart of runaway inflationThe Paris-based International Energy Agency is widely viewed with respect, its analyses providing a better understanding of the direction of energy markets and the issues impacting the industry. IEA is the energy watchdog of the Organization for Economic Co-operation and Development (OECD), founded by the likes of Henry Kissinger in the immediate aftermath of the…

Carbon capture an opportunity for Canada to lead the world

Could become a new large-scale industry for Canada while reducing our environmental footprint

Carbon capture an opportunity for Canada to lead the worldCanada’s largest oil sands producers are “in full-scale development mode” on a major joint project designed to significantly reduce greenhouse gas emissions and propel the sector down the path to net-zero. The companies have planned one of the world's largest carbon capture and storage (CCS) projects. It’s a key piece of what could become a…

As oil prices rise, global economic uncertainty grows

And OPEC is in no mood to open taps to fill in any gaps created by the absence of Russian crude

As oil prices rise, global economic uncertainty growsThe oil markets are likely to face another round of supply disruptions. Most indicators point to a bullish trend in the near future. After recently announcing the release of over 180 million barrels of crude oil from its strategic reserves (SPR) over the next six months to cool down the markets, the United States government…

Extra-low-emission Canadian LNG project gets green light

Natural gas is an absolutely critical part of any clean energy mix

Extra-low-emission Canadian LNG project gets green lightThe future looks brighter for Canada’s emerging liquefied natural gas (LNG) industry. A second project, Woodfibre LNG, has received the green light and a major expansion is being considered for the under-construction LNG Canada plant. It’s no surprise given the red-hot global market for LNG. Last year, LNG prices increased by 435 per cent compared…

Canada’s oil and gas workers don’t need a forced ‘just transition’

The sector will be critical to Canada, and the world, for decades to come

Canada’s oil and gas workers don’t need a forced ‘just transition’The idea of the need for a “just transition” for Canadian oil and gas workers is based on the false narrative that global demand is now decreasing and, therefore, Canada’s industry will no longer be profitable or essential in the very near future. This is not true. Oil and gas will continue to be critical…

OPEC is in a defiant mood and the world is paying the price

Full European Union ban on Russian oil could have unintended economic consequences for the West

OPEC is in a defiant mood and the world is paying the priceThe war in Ukraine is transforming global geopolitics and crude oil dynamics. On the geopolitical front, the United States has relentlessly rallied its allies against Russia. The Russian energy sector has still not been directly impacted by the sanctions. But the repercussions are apparent, even as the world is finding it hard to replace Russian…

Newfoundland and Labrador can grow as a trusted oil supplier to Europe

Already a steady supplier and can grow significantly if major projects get the go-ahead

Newfoundland and Labrador can grow as a trusted oil supplier to EuropeEurope needs new suppliers to get off Russian oil and maintain energy security in the long term. Newfoundland and Labrador’s offshore oil industry is already a steady supplier and can grow significantly if major projects get the go-ahead. “We have the potential certainly to be producing more,” says Paul Barnes, Atlantic Canada and Arctic director…

Why cutting Alberta’s gas tax doesn’t offer real relief

Focus on sustainable solutions rather than on short-term ones with strings-attached

Why cutting Alberta’s gas tax doesn’t offer real reliefThe Alberta government stopped collecting its fuel tax at the beginning of April in an effort to provide “real relief” to Albertans impacted by rising fuel and inflationary costs. The tax cut saves motorists up to 13 cents per litre on gasoline and diesel but reduces the provincial revenues by approximately $1.3 billion (nearly three per…

A wake-up call to the free world on energy security

U.S. Sen. Manchin says North America best positioned to help the world with energy security

A wake-up call to the free world on energy securityU.S. Democratic Senator Joe Manchin wants to build a North American energy alliance with Canada and Alberta. The former governor of West Virginia and chair of the Senate Committee on Energy and Natural Resources ended an April visit to the Alberta oil sands with a commitment to raise the profile of Canada’s resources in Washington,…
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