It’s not much good for Alberta, but the low oil price does have its benefits for the country. According to Ranko Berich, Head of Market Analysis for Monex Europe our dollar is clearly tied to the price of oil. When oil goes up, the loonie soars. When oil drops, so does the lour currency. The […]
State of the oil industry
“There is pain across North America when it comes to the oil industry”. That comment came from Christopher Guith. The Senior VP-Policy for the Institute for 21st Century Energy with the U.S. Chamber of Commerce was talking to delegates at the Oil & Gas Awards Industry Summit. Guith told the crowd the oil industry is […]
Will climate change target be met this time by Canada?
Canada has an enviable record of setting ambitious climate change targets, having done so four times since signing the United Nations Framework Convention on Climate Change in 1992. Its record at meeting them is far less praiseworthy – three failures so far. But the fourth target, announced by the federal government on May 15, may […]
Oil industry going to court to fight for its rights
America’s largest energy trade association is suing the US government, contending its timeline for upgrading oil tank cars for freight trains isn’t realistic and, in some cases, too expensive. In its suit filed on May 11 in the US District Court of Appeals for the District of Columbia, the American Petroleum Institute (API) asked the […]
Are climate change activists really a threat to national security?
Climate change activists pose a “credible threat to the health and safety” of Canadians. That’s according to a memo by the RCMP to the Harper government. The document has climate change activists wondering if they will now face surveillance under proposed anti-terrorism laws. The 44 page intelligence assessment of Canada’s environmentalist movement, dated 24th January […]
A new way to look at the oil sands
According to the Canadian Association of Petroleum Producers, the EU’s new fuel quality directive (FQD) will treat Canada’s oil sands on a level playing field with other sources of oil around the world, creating new export opportunities for energy and allowing Canada to compete more freely in the global market. Tim McMillan, CAPP President and […]
Comment: Monopoly – it’s not just a game
The website Wall St. Cheat Sheet recently posted this article – 3 Industries Run by Cartels. Normally when we hear the word cartel, many of us would think illegal drugs, but that is not included in the articles top 3. 1. The oil industry The oil industry has always been amenable to cartels and monopolies. […]
New tool expected to shed light on tracking crude oil in U.S. could impact Canada
U.S. Energy Information Administration (EIA) released a new Crude Oil Import Tracking Tool that allows policymakers, analysts, and the public to more easily track trends in crude oil imports. Users can sort and display crude oil imports by month or year, by crude type (i.e., light, medium, heavy), country source, port of entry, processing company, processing refinery, and […]
What’s good down under, true for Canada’s petroleum industry too
The Australian mining industry must accept “the new normal” and accelerate its ability to implement innovative thinking in order to survive the higher volatility of the global market, says a report released by Deloitte. The report details the 10 key trends facing the global mining industry in 2015, highlighting the imperative for companies to break […]
Comment: Why oil prices are down
A historic change of roles is at the heart of the clamour and turmoil over the collapse of oil prices, which have plummeted by 50 per cent since September 2014. For decades, Saudi Arabia, backed by the Persian Gulf emirates, was described as the “swing producer.” With its immense production capacity, it could raise or […]
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