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 […]
Comment: How $40/barrel oil could impact the country
What does Canada’s economy look like with oil prices at $40 a barrel? Certainly it won’t be the energy superpower envisioned by Prime Minister Stephen Harper. If $40 a barrel still seems a ways off, consider that the benchmark price for oil sands crude is already trading in that price range. What’s more, if production […]
Impact of falling oil prices on Canada
Oil prices are coming down and analysts aren’t mincing words saying say it’s bad news for Canada’s oil-producing provinces. But there is a flip side because bad news for the drillers in this instance is good news for Canadian consumers, who should be able to get a respite from high gas prices. Brent crude prices […]