Canadian oil production on the upswing

Alberta (80.9%), Saskatchewan (10.7%) and Newfoundland and Labrador (5.9%) accounted for the vast majority of Canadian production of crude oil and equivalent products

Canadian oil production on the upswingCanada produced 21.8 million cubic metres (137.3 million barrels) of crude oil and equivalent products in May, up 13.5 per cent from the same month a year earlier, according to Statistics Canada. The federal agency said on Monday that non-upgraded production of crude bitumen (+22.8 per cent) was the main driver for the increase of…

Canada wins if the globe warms but we must be ready

If the Earth warmed as much as models say, the increase in Canada's arable land would be an area two times the size of Quebec

Canada wins if the globe warms but we must be ready“Why can’t Al Gore be right?” asked my friend as we suffered another bitter Canadian winter. Intolerable Januaries aside, global warming alarmists suggest we should be happy if global warming doesn’t occur. But that may not be the case, especially for Canadians. A recent scientific analysis says that if climate models are correct, Canada could…

Oil prices expected to decline in the coming months

The latest forecast from Deloitte cites increased OPEC output and slipping international demand for oil

Oil prices expected to decline in the coming monthsGlobal oil prices are expected to recede in the coming months after reaching their highest values since 2014. The latest forecast from Deloitte’s Resource Evaluation and Advisory group says that as Organization of Petroleum Exporting Countries (OPEC) increase output and international demand for oil declines in the second half of the year, prices will fall. The…

Newfoundland needs a legislative budget officer

While no single solution will resolve the province’s fiscal crisis, an LBO would ensure that elected officials are informed in their deliberations

Newfoundland needs a legislative budget officerOur 40 members of the Newfoundland and Labrador House of Assembly are constitutionally required to deliberate and vote on billions of dollars’ worth of spending contained in budgets, supplementary estimates and program proposals annually. And yet outside of those select few MHAs who bear the title of finance minister or premier, our elected representatives lack…