Cross-country coalition pushing for new conversation on energy future Growing up in Montreal, Shannon Joseph dreamed of becoming an astronaut. But as she learned more about the world, she decided there were enough challenges to solve on planet Earth. One of today’s most pressing is access to reliable, affordable energy. “Energy is fundamental. Energy is…
Saudi Arabia requires US$80.90 per barrel oil if it is to meet its budgetary needs A new sense of urgency is taking hold among some oil producers desperate to put a floor under the crude markets. Over the last few months, OPEC+, which includes the OPEC oil-producing states and its allies including Russia, has made…
StatsCan labour shortage report released May 24 compares the number of unemployed to vacant positions There are lies, damn lies and statistics. No one knows to whom this often-repeated expression should be attributed, but most realize that statistics, even accurate ones, taken at face value and without careful analysis, can lead to misguided conclusions. People…
Extension of regulated “interswitching” distance will increase costs for railways, shippers, and consumers Canada’s competitiveness relative to the U.S. is in decline, and that affects our standard of living. Our GDP per capita is currently lower than it was in 2019 – an alarming development that should really be front-page news. The federal government is…
Boomer vs. Millennial in a battle of words on energy change Overheard this recently as a human fly on the wall... Energy “transition” and “transformation” were being used as sharp blades in a verbal fencing duel between a Baby Boomer and a Millennial. At a guess, 25 years separated them. The “match” occurred over Chinese…
Analysts doubt Russia’s appetite for additional production cuts Saudi Arabia and Russia diverging views on crude output policy have set the stage for an intriguing OPEC+ meeting on June 4. Moscow needs to maximize its crude revenue to sustain its war efforts in Ukraine. The price cap levied on its crude exports under the Western…
In trials, a four-day work week did not reduce overall output What would every working person like? Maybe it is winning the lottery and retiring to a tropical island. Unfortunately, as we all know, the odds of that happening are over 100 million to one. A somewhat more probable but still pretty unlikely desire is…
Growing global demand and supply cuts point to a potential reversal in oil markets Global oil demand is projected to reach 102 million barrels per day (bpd) in 2023, signalling a substantial growth of 2.2 million bpd this year, according to the latest Oil Market Report from the International Energy Agency (IEA). The IEA attributes…
Why symbolic awards for Employee of the Month may backfire Far from keeping up the good work, recipients of internal symbolic awards such as employee of the month or merit certificates perform worse after receiving the accolades, according to a recent international study. It’s not always that awardees lose the drive to perform after proving…
Crude oil markets impacted by interest rate hikes, concerns over the U.S. debt ceiling, state of U.S. and China economies Oil markets faced another week of decline, marking the third consecutive week of falling prices. On Friday, prices settled over one per cent lower. The market's sentiment is heavily influenced by growing apprehension surrounding the…
Cross-country coalition pushing for new conversation on energy future Growing up in Montreal, Shannon Joseph dreamed of becoming an astronaut. But as she learned more about the world, she decided there were enough challenges to solve on planet Earth. One of today’s most pressing is access to reliable, affordable energy. “Energy is fundamental. Energy is…
Saudi Arabia requires US$80.90 per barrel oil if it is to meet its budgetary needs A new sense of urgency is taking hold among some oil producers desperate to put a floor under the crude markets. Over the last few months, OPEC+, which includes the OPEC oil-producing states and its allies including Russia, has made…
StatsCan labour shortage report released May 24 compares the number of unemployed to vacant positions There are lies, damn lies and statistics. No one knows to whom this often-repeated expression should be attributed, but most realize that statistics, even accurate ones, taken at face value and without careful analysis, can lead to misguided conclusions. People…
Extension of regulated “interswitching” distance will increase costs for railways, shippers, and consumers Canada’s competitiveness relative to the U.S. is in decline, and that affects our standard of living. Our GDP per capita is currently lower than it was in 2019 – an alarming development that should really be front-page news. The federal government is…
Boomer vs. Millennial in a battle of words on energy change Overheard this recently as a human fly on the wall... Energy “transition” and “transformation” were being used as sharp blades in a verbal fencing duel between a Baby Boomer and a Millennial. At a guess, 25 years separated them. The “match” occurred over Chinese…
Analysts doubt Russia’s appetite for additional production cuts Saudi Arabia and Russia diverging views on crude output policy have set the stage for an intriguing OPEC+ meeting on June 4. Moscow needs to maximize its crude revenue to sustain its war efforts in Ukraine. The price cap levied on its crude exports under the Western…
In trials, a four-day work week did not reduce overall output What would every working person like? Maybe it is winning the lottery and retiring to a tropical island. Unfortunately, as we all know, the odds of that happening are over 100 million to one. A somewhat more probable but still pretty unlikely desire is…
Growing global demand and supply cuts point to a potential reversal in oil markets Global oil demand is projected to reach 102 million barrels per day (bpd) in 2023, signalling a substantial growth of 2.2 million bpd this year, according to the latest Oil Market Report from the International Energy Agency (IEA). The IEA attributes…
Why symbolic awards for Employee of the Month may backfire Far from keeping up the good work, recipients of internal symbolic awards such as employee of the month or merit certificates perform worse after receiving the accolades, according to a recent international study. It’s not always that awardees lose the drive to perform after proving…
Crude oil markets impacted by interest rate hikes, concerns over the U.S. debt ceiling, state of U.S. and China economies Oil markets faced another week of decline, marking the third consecutive week of falling prices. On Friday, prices settled over one per cent lower. The market's sentiment is heavily influenced by growing apprehension surrounding the…