No sign of major crude oil price decline any time soon

Bullish pressure on crude oil markets doesn’t seem to be easing

No sign of major crude oil price decline any time soonCrude oil prices fell last week, notching their second weekly decline in the face of concern that rising interest rates could push the global economy into recession. Yet the future of crude oil still seems bullish to many. Spare capacity, or lack of it, is just one of the reasons. The global surplus of crude…

Fossil fuel non-proliferation treaty would hurt humanity

Canada is the solution for reliable, affordable, environmentally responsible energy supply

Fossil fuel non-proliferation treaty would hurt humanityAnti-oil-and-gas activists want the world to believe that the ongoing use of natural resources like gas and oil is an imminent threat to human society as bad as the atomic bomb. They’re wrong. Modern life relies on oil and gas for transportation, home heating/cooling, food supply, and everyday products like your cellphone, computer and clothes.…

Why Canada still needs the Trans Mountain expansion

The expansion, now expected in late 2023, will help meet continued world oil use, benefiting Canadians

Why Canada still needs the Trans Mountain expansionThe case for the Trans Mountain Pipeline expansion remains strong as oil demand is on its way to a new record high, according to industry analysts. Following nearly two years of world consumption exceeding supply, global oil demand is expected to reach a first-ever 101.6 million barrels per day in 2023, according to the International Energy Agency…

Decarbonization – How the world has lost its mind

Decarbonization – How the world has lost its mindEpisode #14 continues our Decarbonization series, the first of three featuring David Yager (bio below). The series was produced by KEI Network for Troy Media. We welcome your comments below.  David Yager David Yager is an oil service executive, entrepreneur and long-time writer. He has worked in the oil industry since 1970, and from…

F1 driver Sebastian Vettel’s oil sands criticism rife with hypocrisy

Car racing relies on oil and gas. Canada should be the choice supplier, rather than nations like Saudi Arabia

F1 driver Sebastian Vettel’s oil sands criticism rife with hypocrisyGerman Formula One driver Sebastian Vettel sat on a podium in Montreal last week in gear emblazoned with his sponsor logos – including Organization of Petroleum Exporting Countries (OPEC) oil giant Saudi Aramco, owned by the tyranny state of Saudi Arabia – and told reporters that Alberta’s oil sands is “criminal.” He had arrived earlier…

Canadian technology lowering emissions from oil and gas drilling

Faster drilling, alternative fuels, engine automation are just the beginning as industry keeps innovating

Canadian technology lowering emissions from oil and gas drillingWhen Nicole Romanow looks at drilling rigs from 30 years ago, she’s impressed by the change and innovation that has occurred in Canada’s oil and gas industry – and what is yet to come. That’s because as team lead for sustainability strategy at Canadian drilling company Ensign Energy Services, she understands the level of equipment…

Decarbonization – The impediments of passion and politics

Decarbonization – The impediments of passion and politicsToday’s guest is Yogi Shulz (see his bio below). This episode explores decarbonization for addressing climate change and specifically discusses the impediments of passion and politics. The series was produced by KEI Network for Troy Media. We welcome your comments below.  Bios of today’s moderator and guest: Yogi Schulz Yogi Schulz was a founding…

Canadian energy sector has been down, but will never be out

Global Energy Show signals Canada’s oil and gas recovery and strong future

Canadian energy sector has been down, but will never be outA clear signal that Alberta’s oil and gas industry is alive and kicking was Calgary’s Global Energy Show held June 6 to 8. Last held in 2019, this important annual event was one of the many casualties of the COVID-19 pandemic in 2020 and 2021. Originally called the National Petroleum Show when it was started…

No end in sight for soaring oil prices

The best bet remains to bring sanctioned Iranian oil back to the market

No end in sight for soaring oil pricesAmerican gasoline prices have crossed the unprecedented US$5-a-gallon mark. American Automobile Association data shows prices at the pump are up roughly 60 per cent from a year ago. And prices in Canada are already more than $2 a litre. We are seeing new record prices around the world with each passing week. And no respite…

Policy-makers need to focus on Canada’s commodity strengths

And stop undermining our role as a trusted resource supplier

Policy-makers need to focus on Canada’s commodity strengthsIn early June, the economics team at the Royal Bank of Canada (RBC) published a revised forecast for Canada and the 10 provinces. The good news is that notwithstanding slowing global growth, soaring inflation and escalating geopolitical tensions, Canada seems reasonably well positioned to navigate its way through the rest of 2022 and into next…

Oil sands industry aggressively cleaning up tailings ponds

All six mining projects with legacy tailings reduced their volumes in 2021

Oil sands industry aggressively cleaning up tailings pondsNew technologies and practices are improving the environmental performance of Canada’s oil sands industry, with producers removing more than 270 million cubic metres of “legacy tailings” from the environment over the last five years. The successful reduction of legacy tailings – tailings that were in storage before 2015 – is contributing to a slower pace…

Decarbonization – Reason over emotion

Decarbonization – Reason over emotionToday’s guest is Yogi Shulz (see his bio below). This episode explores decarbonization for addressing climate change and specifically discusses how reason should trump emotion. The series was produced by KEI Network for Troy Media. We welcome your comments below.  Bios of today’s moderator and guest: Yogi Schulz Yogi Schulz was a founding partner…

Why do we keep electing energy idiots?

Our choice is clear: protect the life we love or keep electing these idiots

Why do we keep electing energy idiots?If there’s any point to writing about energy, it’s to perhaps try to pull together disparate bits of information that the average citizen is too busy to notice, the sort of random and arcane stats and events that only genuine weirdos devote their spare hours to. Truffle pigs find the truffles. People learning about energy…

How to wean Indigenous communities off diesel

The Trudeau government is completely overlooking LNG as a solution

How to wean Indigenous communities off dieselCanada is missing out on an opportunity to help Indigenous communities access a cheaper and more reliable form of clean energy in a zealous pursuit of certain renewable energy sources. In its recent climate plan, the federal government committed to reducing the reliance of remote communities on diesel fuel. Many First Nation, Métis and Inuit…

Punishing Russia has upended global economics

And we can blame political meddling

Punishing Russia has upended global economicsThe crude oil world has inched into a crisis mode. The world faces a “much bigger” energy crisis than the one in the 1970s. Fatih Birol, the executive director of the International Energy Agency (IEA), told the German daily Der Spiegel in an interview last Tuesday. The IEA, the Organization for Economic Co-operation and Development…

Canada’s electric vehicle ambitions are pure foolhardy fantasy

Here are facts for Canadians forced to face the real-world impact

Canada’s electric vehicle ambitions are pure foolhardy fantasyThe marvellous Christmas movie The Polar Express, starring the inimitable Tom Hanks, ends with the words “anything is possible, if you only believe.” Except, as adults understand, many things aren’t possible, not even if some people do believe them. An obvious example is the fantasy that the 84 per cent of global energy supplied by…

Canada replaces OPEC as lead oil importer to U.S. Gulf Coast

New pipeline infrastructure helps connect Canada’s oil producers with demand from U.S. refiners

Canada replaces OPEC as lead oil importer to U.S. Gulf CoastThe tables have turned in the largest refining market in the U.S., with oil imports from OPEC countries like Saudi Arabia and Iraq taking a dramatic drop in the last five years. That’s thanks to increased imports from Canada, even without the Keystone XL pipeline that would have provided a direct connection from Alberta to…

Energy doesn’t have to be a political weapon

Canada can be the solution as the world looks for reliable energy while maintaining GHG targets

Energy doesn’t have to be a political weaponCanada and its partners in the G7 are calling on OPEC for solutions to the growing energy security crisis they say is a “grave concern” for households – particularly low-income households – around the world. The G7 is made up of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. It’s asking Organization…

The world’s remarkable reversal on the future of oil

The industry is hesitant to invest in production after years of disdain from politicians and environmental radicals

The world’s remarkable reversal on the future of oilThe love/hate relationship between oil companies and the world’s billions of customers is unique in the world of commerce. Until recently, the plan was to replace oil and gas with no workable plan to replace their products. Now people want more oil and gas production as quickly as possible. But not from Russia. This stunning…

Guilbeault’s past unlawful acts emboldening eco-terrorists?

Has never expressed any remorse or regret over breaking the law as an environmental activist

Guilbeault’s past unlawful acts emboldening eco-terrorists?During the Conservative leadership debate on May 11, Pierre Poilievre took the moderator to task for not mentioning an eco-terrorist attack on a pipeline project in British Columbia when listing recent attacks on critical infrastructure. On Feb. 17, around 20 masked assailants – some wielding axes – engaged in a co-ordinated attack on a Coastal…

Don’t blame climate change for the world’s food shortage

More to do with strangulation of the world’s fuel supply

Don’t blame climate change for the world’s food shortageThere are a million funny things to talk about, a million laughs to be had, a lot of phenomenal progress being made on numerous fronts, things that do make our lives better and better. But it’s kind of hard to smell the roses when it’s like Voldemort is expected by dinner time. There’s the war…

Canadians not as polarized about energy policy as we imagine

There’s actually a striking amount of broad-based consensus around energy

Canadians not as polarized about energy policy as we imagineA new artificial-intelligence-powered social media tool is showing that Canadians aren’t as polarized about energy policy and transition as we might imagine. Developed by University of Alberta engineering professor Lianne Lefsrud and an interdisciplinary team of researchers, Ai4Buzz uses targeted keywords to harvest, aggregate and examine Twitter conversations about energy and energy policies. Organized by category into a series…

Canada is nowhere near to facing its climate deficit

Approving new fossil fuel projects is moral and economic madness

Canada is nowhere near to facing its climate deficitAfter approving the Bay du Nord offshore oil project off Newfoundland and Labrador in April, the Canadian government has decided to take our climate risk-taking to a whole new level by issuing a Call for Bids for oil exploration for an area one third larger than the size of New Brunswick. Bids to drill for…

Market forces will govern the pace of energy transition

Market forces will govern the pace of energy transitionToday’s guest is Dave Collyer (see his bio below). Dave reviews the frustrations of the industry and its current challenges. He advances the importance of frank dialogue, collaboration, and Net-Zero as an economic challenge. He considers the diversity of potential solutions and the need to simultaneously sustain Canada’s economy while also pursuing Net-Zero. Finally, he…

Indigenous-owned Canadian LNG project advances 

21,000 jobs, $890 million in taxes and about $2.5 billion in annual GDP

Indigenous-owned Canadian LNG project advances There’s been a big step forward for a major proposed Canadian liquefied natural gas (LNG) project that’s seen as an opportunity for economic reconciliation with Indigenous communities and help to reduce global greenhouse gas emissions. Partners in the Ksi Lisims LNG project, including the Nisga’a Nation, have applied for a 40-year LNG export licence and…

Putin’s War is redrawing the geopolitical map

Despite the sanctions, Russian oil revenues are soaring

Putin’s War is redrawing the geopolitical mapThe energy pieces on the global chessboard are altering geopolitical realities, with serious consequences. China is boosting the volume of crude oil it purchases in order to increase its strategic reserves, Reuters’ Clyde Russell reported on Friday. China, the world’s largest crude importer, is buying more oil at a point when the demand-supply balance is…

Imperial signs biggest ever contracts with Indigenous businesses

Oil sands companies spent a record $2.4 billion with 275 Indigenous businesses in 2019

Imperial signs biggest ever contracts with Indigenous businessesCanadian oil sands producer Imperial Oil says it has signed two of its largest-ever contracts with Indigenous businesses. Two joint ventures – one with the Fort McKay First Nation and another with the Mikisew Cree First Nation – will provide Imperial large-scale earthwork, land reclamation, and mining support services at its Kearl oil sands mine…

Surging global coal use highlights opportunity for Canadian LNG

There are 2,449 coal-fired plants operating worldwide, 189 under construction and 292 planned

Surging global coal use highlights opportunity for Canadian LNGCoal use around the world is rising in what the head of the International Energy Agency (IEA) calls “a sobering reality check” for targets to reduce emissions. Against that backdrop, global demand for liquefied natural gas (LNG) is soaring, in part because it can help displace coal power and reduce emissions by half – or…
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