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 […]
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 […]
Promoters of proposed Sarnia refinery launching study
Backers of a push to see a new $10-billion refinery built in Sarnia-Lambton, Ontario to upgrade oil sands bitumen gathered in late August to launch a pre-feasibility study. Clem Bowman, a former head of Imperial Oil’s research department in Sarnia who went on to play an important role in developing Alberta’s oil sands, returned to […]
Comment: Pipeline east little benefit for Ontario
The Northern Gateway Project, promises to keep British Columbia mired in debate for years to come. Despite the National Energy Board’s recent approval, staunch opposition from First Nations groups and environmentalists looks set to suspend the pipeline in a state of legal limbo. Across the border, meanwhile, the high-stakes world of pipeline politics means U.S. […]
All publicity is not good publicity
Was it a bribe or good faith financial deal? TransCanada Corp. has given an Ontario town $30-thousand. Mattawa plans to use the cash to purchase a new rescue vehicle. Some people are asking what the money is really for. You see Mattawa is located on the proposed Energy East pipeline route and Bloomberg.com is reporting […]