Democracies can’t abandon oil and gas production

We have to beware tyrannies and autocracies that use oil and natural gas as weapons

Democracies can’t abandon oil and gas productionBy Mark Milke and Lennie Kaplan Canadian Energy Centre History shows tyrannies and autocracies use oil and natural gas as weapons when interacting with democracies. This is obvious during wars – tanks and jets don’t run on vegetable oil – as well as peacetime. For example, in 2009, Russia cut natural gas supplies to Ukraine in…

No major relief in sight for oil markets

Ominous clouds continue to hang over the global oil horizon

No major relief in sight for oil marketsWhere will world oil markets be in a year? With so many variables impacting the markets, no one has the crystal ball to see the crude oil price trajectory a year ahead. On April 20, 2020, panic had gripped the energy market as a frightening realization dawned on oil traders: The world was rapidly running…

Why oil-producing nations are rushing to ramp up production

Oil producers face catastrophe if countries worldwide move to limit global warming by two degrees Celsius

Why oil-producing nations are rushing to ramp up productionCrude oil demand is weak and the fundamental factors aren’t encouraging. Yet, most major oil-producing countries are moving to boost their output levels in the short run. Why? Saudi Arabia is pursuing plans to develop major offshore expansion projects to add an extra 1.15 million barrels per day (bpd) to its oil capacity by 2024,…

Alberta can forget becoming the 51st American state

Joe Biden’s affinity for a Green New Deal and a great reset shows the same hostility for hydrocarbon energy that Trudeau does

Alberta can forget becoming the 51st American stateAs many as a third of Albertans steadily favour breaking away from Canada, according to polls. Some even believe that joining the U.S. as a 51st state is the best option, but that seems less likely now. The impulse to reject Canada is as old as British North America and is rooted in issues that…

Alberta planting the seeds for a tech boom but care required

Alongside investing and funding, the government of Alberta must emphasize entrepreneurship and keep co-operating with the private sector

Alberta planting the seeds for a tech boom but care requiredTechnology companies have emerged as clear winners during the COVID-19 pandemic. Jurisdictions without a traditional tech imprint – like Alberta – have funnelled funds to facilitate startups. That’s a good diversification strategy, but they should be careful not to veer into protectionism and favouritism. It came as no surprise that in 2020 retail sales through…

Canadian oil still the safest bet for Americans

Canada was the only free-country supplier of foreign crude oil to the U.S. between 1993 and 2020

Canadian oil still the safest bet for AmericansBy Mark Milke and Lennie Kaplan Canadian Energy Centre Imagine you’re in Germany and wonder if it’s a good idea to rely so heavily on natural gas imports from Russia, where the governing regime is accused by German politicians of killing journalists and the attempted murder of Russian opposition leader Alexei Navalny. German Chancellor Angela…

Alberta public sector pampered, while taxpayers suffer

So much for being in this together

Alberta public sector pampered, while taxpayers sufferAlbertans are enduring a tale of two downturns during COVID-19. There’s the very real downturn full of private-sector pain. Then there’s the experience of government employees who have largely been shielded from the downturn. Over the last year, 76,600 private-sector jobs vanished in Alberta, while 5,600 government jobs were added. Since the beginning of 2015,…

Study hopes to find ways to contain spread of mountain pine beetles

Mountain pine beetles can be an important contributor to forest health, but ...

Study hopes to find ways to contain spread of mountain pine beetlesIn a new study aimed at assisting efforts to contain the destructive spread of mountain pine beetles, University of Alberta biologists examined their flight techniques and used genetic information to track how they are spreading through the province. “One of the reasons these beetles have become such a problem is because of the difficulty in…

Alberta had no business pumping public money into Keystone XL

Given what was known about Keystone XL, it’s hard to understand the decision-making the government undertook to buy into the scheme

Alberta had no business pumping public money into Keystone XLThe long-suffering citizens of Alberta recently learned that they’re on the hook for yet more billions of dollars via an ill-advised investment in an oil pipeline. The Keystone XL project was festooned with red flags well before the injection of hard-earned and now lost taxpayer funds. Political risk can be hard to quantify but it’s…
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