U.S. plan to import oil from Venezuela will hurt Canadians

U.S. plan to import oil from Venezuela will hurt CanadiansThe Keystone XL pipeline could have started operating mere months from now The U.S. decision to ease sanctions and allow it to resume oil imports from Venezuela will hurt Canada’s oil sector, according to industry analysts. It’s another blow by the administration that cancelled the 830,000-barrel-per-day Keystone XL pipeline from Canada in January 2021. Now…

Stringent Net Zero policies make no financial sense

Stringent Net Zero policies make no financial senseMajor financial institutions are revisiting their commitment to curbing oil and gas investment In the past few months there have been some noteworthy developments for the global alliance known as GFANZ (Glasgow Financial Alliance for Net Zero). GFANZ, founded by Mark Carney and Michael Bloomberg in the spring of last year and promoted at COP26,…

Roadblocks persist to capping Russian crude exports

Roadblocks persist to capping Russian crude exportsThe EU is split on the price to charge for Russian exports There are less than two weeks left, but the decision to cap Russian seaborne crude exports at a ‘certain price level’ still faces significant roadblocks. And the G7 and the European Union have not yet made a final decision as to the price…

Canada must capitalize on the coming CCS boom

Canada must capitalize on the coming CCS boomBut it is imperative that companies in Canada receive the business certainty they need to move forward With the world in the grip of the first truly global energy crisis, millions of people are bracing for a winter that is expected to be marked by power brownouts, heating fuel shortages and widespread economic recession. Skyrocketing…

After 50 years, UN-led environmental central planning is failing

After 50 years, UN-led environmental central planning is failingThe primary goal of governments today is to keep the lights on “Fossil fuel addiction is hijacking humanity. Renewables are the exit ramp from the climate hell highway. Negotiators at COP27 have a chance to make a difference. They must make it here and now.” So tweeted United Nations Secretary-General Antonio Guterres on November 18…

Port of Churchill finally opening for business?

Port of Churchill finally opening for business?The opportunity costs of not exporting natural gas and oil remain enormous Manitoba premier Heather Stefanson finally voiced support for more energy exports out of Hudson Bay. That is excellent news because the potential is real and the reasons to refuse are illusory. “We are looking at liquefied natural gas, primarily,” Stefanson told reporters recently.…

Oil markets entering a new era of chaos

Oil markets entering a new era of chaosThe UK and other parts of Europe may be in for a cold and chilly winter December 5 is fast approaching. On the day, and despite the tightness in the markets resulting from the OPEC output cut, major moves are at play on the global energy chess board. That is the day the EU is…

B.C. Canadian LNG can have a domino effect to help Europe

B.C. Canadian LNG can have a domino effect to help EuropeCanadian LNG cost competitive due to its relatively low shipping and liquefaction costs As European countries like Germany race to build new liquefied natural gas (LNG) import terminals to keep the lights on and the heat running, analysts say LNG from western Canada could help. Mainly destined for Asia, LNG shipped from B.C. could help…

Ottawa’s anti-oil ideology will hit the economy hard

Ottawa’s anti-oil ideology will hit the economy hardRisks killing the golden goose while doing nothing for the environment A tonne is a tonne is a tonne. Whether emitted by an oilsands mine in Fort McMurray, an auto plant in Oshawa, or a private jet manufacturer in Montreal, a tonne of CO2 emitted into the atmosphere has the exact same effect on our…

Political attacks on oil producers put votes before security

Political attacks on oil producers put votes before securityThe rest of the world has adjusted to the new reality. Why can't Trudeau and Biden?  What is the long-term future of a society that attacks its economic foundation for political gain? North Americans must ask this question. By putting politics first, some politicians in both the U.S. and Canada undermine North America’s core strengths…
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