Fracking can lift the Maritimes out of economic doldrums

Fracking can lift the Maritimes out of economic doldrumsThe economic recovery after the COVID-19 pandemic should include Nova Scotia and New Brunswick lifting restrictions on natural gas fracking. Natural gas prices are low but that won’t last forever. Energy industry observers say the natural gas supply glut existed even well before the pandemic. However, the oversupply problems seem to be worse for American…

Canada’s foreign oil imports: $477 billion since 1988

Canada’s foreign oil imports: $477 billion since 1988By Mark Milke and Lennie Kaplan Canadian Energy Centre When forecasting future oil consumption around the world, many people have opinions and agendas. Forecasts rooted in facts and technological capabilities are more rare. An example of an informed opinion comes from Vaclav Smil, professor emeritus of the University of Manitoba’s Faculty of Environment. Smil is…

From a bitter past to the sweet taste of opportunity

Road to Reconciliation: An examination of what meaningful consultation and economic reconciliation look like

From a bitter past to the sweet taste of opportunityIf you relied on the headlines alone, you might conclude that the Indigenous peoples of Canada are squarely against oil and gas development. You would be wrong. Headlines, by their nature, highlight crisis and conflict in simplified terms. But the debate over Indigenous support for resource development is highly nuanced. Readers must go beyond the…

Weak oil and gas investment still plagues Canada

While oil and gas investment has grown substantially in other parts of the world, Canada has failed to keep pace

Weak oil and gas investment still plagues CanadaBy Mark Milke and Lennie Kaplan Canadian Energy Centre Over the past decade, one oft-heard claim is that oil and gas is a ‘sunset’ industry, where investment in Canada can be expected to decline given a worldwide flight from oil and investment. However, international data (available from 2009 to 2017) show no such worldwide flight…

The global energy landscape is changing fast

Over a fifth of Europe’s energy was generated by solar panels and wind turbines in the first half of 2020

The global energy landscape is changing fastPeak oil demand is approaching fast – and earlier than anticipated. It’s not that oil won’t be required in the years and decades to come. It will still be in demand. But the world won’t be critically, crucially and strategically dependent on oil, as it is today. This year may be the turning point for…

Only private investment will save Canada’s economy

Generating, rather than consuming, government revenues will require a clear and profound reversal by the current government

Only private investment will save Canada’s economyAfter five years of suffering in eco-zealot purgatory under the Liberals led by Prime Minister Justin Trudeau, the half million or so Canadians whose livelihood depends on the oil and gas industry finally got some good news: The oil sands are now part of the government’s green energy agenda! In an Aug. 12 interview, Natural…

Oil demand faces long, slow climb out of doldrums

Despite some oil industry analysts and observers looking at the glass as half full, there still seems to be ample reasons for gloom

Oil demand faces long, slow climb out of doldrumsForecasting crude oil markets remains a matter of perspective. Global oil demand growth is expected to taper off, journalist and analyst Julianne Geiger says, referencing the latest report from energy consultancy IHS Markit. Crude oil demand sits at 89 per cent of pre-pandemic levels, IHS Markit says. It’s expected to rise, then level off at…

Canada must re-establish itself as an energy superpower

While the Americans were acting in their own economic self-interest, our leaders were undermining our national energy interests

Canada must re-establish itself as an energy superpowerCanada needs renewed federal leadership to support our energy sector, given its importance to the entire economy. And all provinces and territories must come together in this effort. If not, Canada will continue to see the sector fall behind the United States and other larger powers. We will lose our traditional position as a strong…

Will petrochemicals be the last gasp for big oil?

The pandemic has caused some major producers to pause and defer investments in the petrochemical sector

Will petrochemicals be the last gasp for big oil?With the crude oil landscape changing rapidly, the refining industry is faced with major adjustments. Several oil refiners have announced permanent closures in the United States and Asia, while some high-cost refineries in Europe could also be shut down over the next few years. Margins for processing crude into fuels are expected to remain depressed,…