Bullish pressure on crude oil markets doesn’t seem to be easing
Crude 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…
Canada is the solution for reliable, affordable, environmentally responsible energy supply
Anti-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.…
The expansion, now expected in late 2023, will help meet continued world oil use, benefiting Canadians
The 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…
Episode #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…
Car racing relies on oil and gas. Canada should be the choice supplier, rather than nations like Saudi Arabia
German 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…
Faster drilling, alternative fuels, engine automation are just the beginning as industry keeps innovating
When 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…
Today’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…
Global Energy Show signals Canada’s oil and gas recovery and strong future
A 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…
The best bet remains to bring sanctioned Iranian oil back to the market
American 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…
And stop undermining our role as a trusted resource supplier
In 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…
All six mining projects with legacy tailings reduced their volumes in 2021
New 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…
Today’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…
Our choice is clear: protect the life we love or keep electing these 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…
The Trudeau government is completely overlooking LNG as a solution
Canada 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…
And we can blame political meddling
The 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…
Here are facts for Canadians forced to face the real-world impact
The 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…
New pipeline infrastructure helps connect Canada’s oil producers with demand from U.S. refiners
The 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…
Canada can be the solution as the world looks for reliable energy while maintaining GHG targets
Canada 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 industry is hesitant to invest in production after years of disdain from politicians and environmental radicals
The 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…
Today’s guest is Yogi Shulz (see his bio below). Yogi explores the issue of climate change and the inconvenient truth of decarbonization, setting up episode 12 that addresses options for a solution. The series was produced by KEI Network for Troy Media. We welcome your comments below. Bios of today’s moderator and guest: Yogi…
Has never expressed any remorse or regret over breaking the law as an environmental activist
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…
And the U.S. is getting ready to cave in
With crude oil fortunes on an upswing, Saudi Arabia – the world’s largest crude producer – is playing its cards very well. The crude oil markets have been transformed, with prices starting in 2022 at US$75.69 and now trading at around US$115 a barrel. That’s a gain of just over 50 per cent so far…
More to do with strangulation of the world’s fuel supply
There 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…
There’s actually a striking amount of broad-based consensus around energy
A 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…
Approving new fossil fuel projects is moral and economic madness
After 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…
Today’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…
21,000 jobs, $890 million in taxes and about $2.5 billion in annual GDP
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…
Despite the sanctions, Russian oil revenues are soaring
The 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…
Oil sands companies spent a record $2.4 billion with 275 Indigenous businesses in 2019
Canadian 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…
There are 2,449 coal-fired plants operating worldwide, 189 under construction and 292 planned
Coal 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…