Natural gas offers the best way to meet emissions targets

G7 countries will further cripple their economies by pursuing their green energy fantasies

Natural gas offers the best way to meet emissions targetsAt 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,…

Damned if you do: the thorny decision to remove hydro dams

Dealing with only one side of an issue – whether it’s migrating fish or electric cars – can generate more problems than it solves

Damned if you do: the thorny decision to remove hydro damsEconomists often talk about over-constrained problems. These are situations where there are so many goals to be reached and/or so many limitations that it’s impossible to find a solution that meets all requirements. Contrast this with advice often given to politicians to never talk about anything that can’t be fully described on a bumper sticker.…

Canada’s clean energy future must include nuclear

Ignoring its potential would be a missed opportunity

Canada’s clean energy future must include nuclearIn 1950, Canada faced a difficult choice between the desire to be a leader in the development of nuclear energy technology and the fear that such technology would bring the end of the world a little closer. Despite concerns related to the bombing of Hiroshima and Nagasaki, Canada elected to be in the vanguard. As…

Oil markets feel pinch from renewed COVID-19 outbreaks

All eyes are focused on Saudi Arabia. Will it continue to single-handedly maintain stability in the markets?

Oil markets feel pinch from renewed COVID-19 outbreaksUncertainty has overtaken the crude oil markets again for several reasons. Since March, crude oil markets have mostly been ascending. But prices declined last week by a greater margin than any time in the last four-plus months. And the resurgence of COVID-19 in many parts of the world is clouding the near-term future of oil.…

Robbing Peter to pay Paul with energy subsidies?

There is no subsidy pot of gold going to oil and gas companies that can be diverted to renewable energy ventures

Robbing Peter to pay Paul with energy subsidies?By Mark Milke and Lennie Kaplan Canadian Energy Centre When the issue of taxpayer subsidies for energy comes up – oil and gas and renewables alike – the public, policy-makers and media could be forgiven if they feel like they’re drowning. Endless decimal points and numbers that run into the trillions can make it near…

OPEC dispute sends oil market reeling

U.A.E. prepares for a post-oil world, endeavouring to make the best of the oil it has before demand shrinks for good

OPEC dispute sends oil market reelingCrude oil markets have left a confused picture and observers can’t decipher where prices will stabilize. In the immediate aftermath of the Organization of Petroleum Exporting Countries (OPEC) fiasco last week, oil prices were on a slippery slope. OPEC+ ministers halted crude oil output talks on July 5 after the United Arab Emirates rejected a…

Saudi Arabia losing its clout within OPEC+ and the Middle East

As OPEC+ talks to increase crude oil production stall, the Saudis seem to have lost a key ally in the United Arab Emirates

Saudi Arabia losing its clout within OPEC+ and the Middle EastAdrenalin 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…

New Canadians prosper in oil and gas sector

Immigrant wages in oil and gas extraction in Canada are 71 per cent higher than in manufacturing and are rising faster than in other sectors

New Canadians prosper in oil and gas sectorBy Mark Milke and Ven Venkatachalam Canadian Energy Centre A few years ago, one of us took an early morning taxi ride in Vancouver. The driver, originally from Latin America, began to complain – without prompting – about how crazy it was that local anti-oil-and-gas protesters were trying to block the Trans Mountain pipeline expansion.…

Bleak clouds over the crude oil horizon are dissipating

But much still depends on United States-Iran nuclear talks and how OPEC+ members will react to any deal

Bleak clouds over the crude oil horizon are dissipatingCrude oil markets are hot. Prices are up and the US$75 line has been breached. Chatter about oil touching US$100 is getting loud and clear. Global oil consumption is getting closer to the pre-pandemic levels. The bleak clouds hanging over the crude oil horizon are beginning to dissipate. Industry eyes are again on the Organization…

Changes to royalties could super-charge upgrading in Alberta

Fixing the royalty structure seems like low-hanging fruit

Changes to royalties could super-charge upgrading in AlbertaWith news of the official termination of the Keystone XL project, the Alberta government is out approximately $1.3 billion. What’s more, the province is left with unrefined bitumen that it doesn’t have the capacity to upgrade to higher-value products like gasoline and diesel. Why, then, does the province not look to develop its own capacity…

It’s not easy being green but we can get there

Wind and solar power won't magically eliminate the threats to our environment

It’s not easy being green but we can get thereBaruch Spinoza, a 17th-century philosopher, said the future and anything we can say about it is imaginary. He was right. Despite our best efforts to foresee what the future will bring, we really don’t know what is forthcoming until the future becomes the present. The challenge of climate change has focused our attention on what…

Rising demand and prices suggest an oil market resurgence

US$100 oil is a distinct possibility

Rising demand and prices suggest an oil market resurgenceThe 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…

Alberta still pulling its economic weight despite hard times

Despite the gloomy reports emanating from its oil and gas industry

Alberta still pulling its economic weight despite hard timesBy Bruce Lantz Reporter Resource World Magazine Alberta’s economy has taken a beating in recent years, but it isn’t likely to receive the federal equalization payments enjoyed by other disadvantaged provinces. Equalization transfer payments are made by wealthier provinces to offset financial shortcomings in other parts of the country. The process is entrenched in the…

Short-term gains on the crude oil market as climate change looms

The IEA concedes rising oil demand at odds with its call to end new oil, gas and coal funding

Short-term gains on the crude oil market as climate change loomsThe International Energy Agency (IEA) is torn between two conflicting ends. On one hand, it’s grappling with climate change issues; on the other, it sees rising oil prices. For now, the two ends seem to be running parallel but not converging. Oil demand is rising fast, as are prices, reaching multi-year highs on Friday. Brent…

Killing Keystone XL gives other countries an advantage over Canada 

Plenty of other countries ready to take over Canada’s market share if Canada exits the oil business

Killing Keystone XL gives other countries an advantage over Canada By Mark Milke and Ven Venkatachalam Canadian Energy Centre The killing of the cross-border Keystone XL pipeline due to anti-oil activism and politics will change nothing about worldwide oil demand. All it does is hand an advantage to Canada’s competitors. Worldwide oil consumption has been on an upward trajectory, and with the COVID-19 pandemic subsiding…
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