Why America shouldn’t cut off Canada’s energy supplies

Canadian oil helps keep the United States economy humming and natural gas helps keep American homes warm

Why America shouldn’t cut off Canada’s energy suppliesBy Mark Milke and Lennie Kaplan Canadian Energy Centre In a world where Russian President Vladimir Putin is widely assumed to be behind the poisoning of opposition leader Alexei Navalny, liberal democracies should stick together. This should be especially relevant on matters related to energy. Russia has been using energy exports as a weapon for…

Oil prices rise as Texas drops into deep freeze

But how long will the bull run last?

Oil prices rise as Texas drops into deep freezeWith the Brent crude oil price touching $65 last week, markets have entered the hot zone. Inclement weather, the resultant rising demand for heating, a dip in United States output and the unilateral Saudi output cut all helped to tighten the markets, contributing to the bull run. Parts of the U.S. have been in a…

Energy sector key to reviving post-pandemic Canadian economy

2021 perfect opportunity for the feds to demonstrate its commitment to a sector critical to the Canadian prosperity

Energy sector key to reviving post-pandemic Canadian economyIf only the federal government would put its full force behind the energy sector, as it does other critical sectors in the economy. In early October, Prime Minister Justin Trudeau announced he wouldn’t back down from the latest American round of attacks on Canada’s softwood lumber industry. Then, the federal government announced it would pursue…

Insurers walking from oil sands projects defies logic

By every measure, Canada is a beacon of civil, political and economic rights

Insurers walking from oil sands projects defies logicBy Mark Milke and Lennie Kaplan Canadian Energy Centre Over the past two years, three insurance companies from Europe – Axa, Zurich and Swiss Re – announced plans to stop insuring Canadian oil sands projects, and reduce or entirely eliminate investments in the oil and gas sector. The reason offered is the standard refrain: assumed…

Cautious optimism as crude oil prices climb

Some observers see prices moving even higher as refiners increase processing rates to meet rising product demand

Cautious optimism as crude oil prices climbOil extended its longest winning streak in two years last week. Crude oil prices climbed more than nine per cent, as the Organization of Petroleum Exporting Countries and its allies in OPEC+ curbed supplies, depleting global oil inventories. A United States government report also indicated that U.S. domestic oil stockpiles have fallen by 6.6 million…

Time for oil-rich provinces to sell off their assets

More than 70 years of Alberta prosperity could be in jeopardy. And the continued fixation and dependence on fossil fuels could bring disaster

Time for oil-rich provinces to sell off their assetsLack of diversification is a risky invitation to investment disaster. Very few institutional, corporate or individual investors would put their total net worth into one sector. Yet that’s just what Alberta, Newfoundland and Labrador, and Saskatchewan have done. The economies of these provinces are heavily dependent on the fortunes of the petroleum industry. Corporate and…

Pipeline cancellations cost Canadians billions of dollars a year

A vocal minority opposed to resource development damaging our prosperity

Pipeline cancellations cost Canadians billions of dollars a yearBy Mark Milke and Lennie Kaplan Canadian Energy Centre Oil and natural gas pipelines are like light switches on the wall. You take them for granted, along with the expectation that once flipped, your lights will come on. In normal company and normal times, few people would discuss over dinner something as arcane as tubes…

Indigenous engagement charts positive course for oil and gas industry

Environmentalists only support Indigenous peoples when the First Nations and Métis agree with them

Indigenous engagement charts positive course for oil and gas industryMuch as opponents of Canadian oil and gas production hate to admit it, the future of the industry appears to be set. Construction on the Coastal GasLink pipeline to Kitimat, B.C., continues. Work on the Trans Mountain pipeline is well advanced. The Canadian portion of Enbridge’s Line 3 is essentially finished. Protests killed the Northern…

Why some oil and gas investment was doomed regardless of COVID-19

The Arctic, and all its alluring possibilities, is not part of the future as the energy and investment industries see it unfolding

Why some oil and gas investment was doomed regardless of COVID-19Toronto-Dominion Bank announced recently it won’t loan money toward any oil and gas or related development in the Arctic. While this may elicit joy from the woke anti-fossil-fuel global warmists, this was in reality a very easy decision for TD. So too will it be for others like investment banks, institutional investors, and financial entities…
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