Ontario and Quebec have seized the leadership of a long-promised Canadian energy strategy, shifting the focus to climate change and clean energy from the pipeline agenda. At the closing session of their annual conference on Prince Edward Island, premiers released the outline of the Canadian Energy Strategy, which every one of them has endorsed. The […]
Comment: Canadian crude is an attractive alternative to imported oil
Canada has the third-largest oil reserves in the world, but we import large volumes of oil from foreign sources into Eastern Canada, including Quebec, every day. Oil refineries in Quebec and Atlantic Canada import more than 600,000 barrels per day from foreign sources. But with Canadian oil production growing, using Canadian crude oil in Quebec, […]
Insurance may not be enough to cover potential disasters
U.S. Transportation Department (DOT) regulators are concerned most freight railroad insurance policies are barely sufficient to cover even average oil train accidents, Politico reports. In an analysis published in early August, DOT reported most large railroads are insured at about $25 million for accidents, with others insuring up to $50 million for certain hazardous cargo. […]
Who’s right and who’s wrong?
What are the numbers telling us when it comes to greenhouse gas (GHG) emissions from the Keystone XL pipeline? All depends on who you want to believe. The U.S government says there will be no appreciable increase in GHG emissions. A new study by the Stockholm Environment Institute dispute that. Researchers Michael Lazarus and Peter Erickson claim the […]
Comment: How a new ‘golden rule’ is shaping oil and gas projects
“Remember the Golden Rule,” said the stunted king from the cartoon The Wizard of Id, “whoever has the gold, makes the rules.” A growing number of institutional investors are heeding the king of Id’s sarcastic “golden rule.” But unlike Parker and Hart’s irreverent cartoon, the real-life outcome of shareholder activism – the influence of the […]
Enbridge looks south
Enbridge Inc. has it’s eyes set on Mexico. The company’s CEO Al Monaco said, “they’re obviously in significant need of pipeline infrastructure.” The comment comes at a time when Mexico is opening its doors in its energy sector to international investment. A move that would put an end to the governments more than seven decade […]
Comment: Train riskier than pipeline for oil
People who are adamantly protesting the Northern Gateway pipeline’s tentative approval seem to forget one very important thing. Both the Canadian National and the Canadian Pacific Railways are ready to use “unit trains,” similar to the coal trains that rumble along to the Roberts Bank super port, but instead of coal, the trains will be […]
Canadian crude by the numbers, a CAPP report
Production There are 173 billion bbls of proven oil reserves in Canada. The oil sands hold 167 billion bbls . Canadian crude oil production is expected to increase to 6.4 million bpd to 2030. Oil sands production is expected to increase to 4.8 million bpd by 2030. The bitumen upgrading is not likely to increase […]
Comment: Pick your choice for crude transport – pipeline, train, truck or ship
Crude oil is moving around the world, around North America, around pristine wilderness, around our cities and towns. It’s going to keep moving, so what is the safest way to move it? The short answer is: truck worse than train worse than pipeline worse than boat (Oilprice.com). But that’s only for human death and property […]
Costly lobby efforts
TransCanada Corp., the company building the Keystone XL pipeline, has spent almost twice as much money this year compared to 2013 on lobbying U.S. government officials. So far the company has shelled out $790,000 this year. The company says the money has been spent lobbying on “natural gas issues in the United States and between […]
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