Death of Canada’s oil and gas sector greatly exaggerated

Neither the lockdown not government diktat will end our dependence on fossil fuels for quite some time

Death of Canada’s oil and gas sector greatly exaggeratedBy Mark Milke and Lennie Kaplan Canadian Energy Centre In 1897 while in London in the midst of a worldwide speaking tour, American author Mark Twain became the subject of rumours back home that he was dead. To discover the truth, a reporter from the New York Journal wrote to Twain to ask if he…

Oil production cut numbers don’t add up

As the cost of pumping crude exceeds the selling price in most cases, production in many oil-producing countries is already taking a hit

Oil production cut numbers don’t add upThe math is fuzzy. When the agreement to cut crude oil output by 9.7 million barrels per day (bpd) was announced, U.S President Donald Trump, who played a dominant role in getting the agreement, went further. “Having been involved in the negotiations, to put it mildly, the number that OPEC-plus is looking to cut is…

Who will blink first in crude oil crisis?

For four years, the U.S. has firmly rejected joining the producers’ club to curb output. It can’t remain aloof any longer

Who will blink first in crude oil crisis?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…

Oil and gas sector critical to Canada’s economy

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

Oil and gas sector critical to Canada’s economyMark 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.…

Oil glut, COVID-19 crisis punishing world crude prices

With demand and supply shock acting simultaneously, crude markets are imploding. And this is just the tip of the iceberg

Oil glut, COVID-19 crisis punishing world crude pricesThe 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…

Flu pandemic of 1918 brutal, virulent killer

One hundred years ago, a flu pandemic swept across the world, killing tens of millions of people, particularly those in the prime of life

Flu pandemic of 1918 brutal, virulent killerFrom the wet and windswept northwest of Ireland to rural southwestern Ontario, the flu pandemic of 1918 to 1920 was remorseless. My mother and my wife’s father lost siblings to an illness where death might come within 24 hours of first symptoms. And sometimes it was particularly brutal. Historian John Barry has described it this…

Natural resources GDP on the decline in Canada

Oil sands extraction declined largely because of shutdowns and maintenance of some production facilities. Crude oil extraction also falls

Natural resources GDP on the decline in CanadaThe natural resources sector in Canada continues to be challenged. A new report released Friday by Statistics Canada said real gross domestic product (GDP) of the natural resources sector fell 2.2 per cent in the third quarter, following a 2.8 per cent rise in the second quarter.  The federal agency said the decline was largely…

Energy production in Canada declining, says StatsCan

Alberta produced 18.3 million cubic metres of crude oil and equivalent products in October, down 4.9 per cent

Energy production in Canada declining, says StatsCanEnergy production in Canada declined in several sectors in October 2019, compared with the same month in 2018, according to Statistics Canada. The federal agency said production of crude oil and equivalent products (-1.7 per cent), natural gas (-1.3 per cent), and coal (-9.3 per cent), as well as electricity generation (-3.3 per cent) declined…

Searching for a needed break from reality?

Canadian mystery drama, from Murdoch to Doyle to 19-2, can help you escape the roller-coaster of life

Searching for a needed break from reality?Many people are consumed with current events, including the U.S. impeachment inquiry, the saga involving Canadian Conservative Leader Andrew Scheer and the U.K. general election. Yet there are moments when even this enthusiastic political pundit has had enough and needs to briefly escape the roller-coaster of life. So I delve into sports, movies, art, animation…
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