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…
G7 countries will further cripple their economies by pursuing their green energy fantasies
At their meeting in June, G7 leaders agreed to a greenhouse gas emissions target of “net zero” by 2050. That would require phasing out fossil fuels that currently supply 84 per cent of global energy. But how? The common reply is “putting a price on carbon,” i.e., carbon taxes. But unless there’s a viable alternative,…
As OPEC+ talks to increase crude oil production stall, the Saudis seem to have lost a key ally in the United Arab Emirates
Adrenalin never stops flowing in the oil business. Dull moments are rare. The emerging scenario among the Organization of Petroleum Exporting Countries and their allies in the expanded OPEC+ is no different. The group was on the verge of finalizing a deal on Thursday to increase its crude output by two million barrels per day…
The world needs more oil. The Organization of Petroleum Exporting Countries (OPEC), Russia and American shale oil producers all need to up their output to keep the rising prices of the “super cycle,” as Saudi Energy Minister Prince Abdulaziz bin Salman called it, under control. Media reports say Prince Abdulaziz bin Salman told the Robin…
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…
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…
The IEA lays out recommendations for what needs to happen, and when, to transform the global economy from one dominated by fossil fuels
The world must act quickly on climate change, says the International Energy Agency. To meet the net-zero emission targets and limit the worst impacts of climate change, a sprint is absolutely essential, says the Paris-based IEA, the energy watchdog for the Organization for Economic Co-operation and Development (OECD). Reaching net-zero emissions will require a huge…
By Mark Milke and Ven Venkatachalam Canadian Energy Centre If you’ve heard that Canada should skip plans to export natural gas to Asia, including from a few anti-oil-and-gas academics, you’ll notice one theme pops up: how Canadian firms really shouldn’t waste their time because there’s no money in it. This reasoning is daft. If there…
In 2019, Canada recorded a 49% reduction in flaring from just five years earlier. And Canada is responsible for just 0.7% of worldwide
By Mark Milke and Ven Venkatachalam Canadian Energy Centre If you’ve spent time in Western Canada near an oil or gas well or refinery, you might have noticed a smokestack-like pipe with a flame at the top. Or you might have seen such a flame in pictures of refineries in Saudi Arabia, Nigeria, Texas, or…
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…
