OPEC+ opens oil production taps after U.S pressure

With the continuing OPEC+ oil output cuts, markets were going into an overdrive mode. Prices at U.S. gas stations rose sharply

OPEC+ opens oil production taps after U.S pressureSurprising the markets and going against expectations, the Organization of Petroleum Exporting Countries and its allies in the extended OPEC+ changed course at their ministerial meeting last week. At the virtual meeting, OPEC+ opted to increase its output by 350,000 barrels per day (bpd) in May another 350,000 bpd in June, and roughly an additional…

Project to create jet fuel from biowaste gets federal funding boost

Innovative research could provide a supply of renewable fuel

Project to create jet fuel from biowaste gets federal funding boostA potentially huge industrial project to create jet fuel from biowaste has received a $2.89-million funding boost from Natural Resources Canada. The investment, which includes $1.99 million in direct funding and $900,000 in in-kind contributions, will go toward setting up an advanced fuel-testing suite in lead researcher David Bressler’s lab and will also support the work of several…

A web of pipelines binds the Canada, U.S. economies together

453,000 km worth of tubes provide a plethora of jobs

A web of pipelines binds the Canada, U.S. economies togetherBy Mark Milke and Lennie Kaplan Canadian Energy Centre “Designing hypothetical roadmaps outlining complete elimination of fossil carbon from the global energy supply by 2050 is nothing but an exercise in wishful thinking that ignores fundamental physical realities,” wrote Vaclav Smil a year ago. Smil, a University of Manitoba professor of the environment (emeritus), wants less…

OPEC+ expected to continue to dampen oil output

Crude oil markets continue to show signs of weakness – even without the Houthi attacks on Saudi Arabia and the Suez Canal closure

OPEC+ expected to continue to dampen oil outputPressure is mounting on the Organization of Petroleum Exporting Countries and their allies in the extended OPEC+ to roll over their crude oil output cuts when they meet on April 1. Markets continue to show signs of weakness – even without the Houthi attacks on Saudi Arabia and the Suez Canal closure. But the Suez…

Canadian oil still the safest bet for Americans

Canada was the only free-country supplier of foreign crude oil to the U.S. between 1993 and 2020

Canadian oil still the safest bet for AmericansBy Mark Milke and Lennie Kaplan Canadian Energy Centre Imagine you’re in Germany and wonder if it’s a good idea to rely so heavily on natural gas imports from Russia, where the governing regime is accused by German politicians of killing journalists and the attempted murder of Russian opposition leader Alexei Navalny. German Chancellor Angela…

Nanotechnology could significantly reduce industrial use of freshwater

Advance in water filtration technology has applications everywhere from the energy industry and agriculture to municipal water treatment

Nanotechnology could significantly reduce industrial use of freshwaterIn 2017, University of Alberta mechanical engineering professor Mohtada Sadrzadeh found himself presenting his work on a new water treatment technology at the Canadian Oil Sands Innovation Alliance (COSIA) conference right after a researcher from an IBM research centre who was pitching almost exactly the same technology. “It was strange for me at first — you hear the name…

Meeting Canada’s aggressive green targets a tall order

Speed and efficiency are not things that Canada’s lumbering and increasingly dysfunctional regulatory systems are known for

Meeting Canada’s aggressive green targets a tall orderBy Jock Finlayson and Denise Mullen Business Council of B.C. Building back ‘clean’ and ‘green’ means trillions of dollars of investment, and the electrification of many machines and activities that presently rely on fossil fuels – from personal vehicles and freight transportation to industrial processes. It’s not hard to understand the growing interest in electricity.…

Oil market recovery may be on borrowed time

The recent spike in oil markets was engineered – fundamentals didn’t drive it. There were issues about the tight leash on output

Oil market recovery may be on borrowed timeThe oil market recovery is faltering. Uncertainty over the speed of an economic recovery and whether there will be a full rebound in global oil demand is holding back the markets. Stalled COVID-19 vaccination efforts in parts of the world and a strong dollar are also keeping the markets from rising much further. The recent…

Alberta had no business pumping public money into Keystone XL

Given what was known about Keystone XL, it’s hard to understand the decision-making the government undertook to buy into the scheme

Alberta had no business pumping public money into Keystone XLThe long-suffering citizens of Alberta recently learned that they’re on the hook for yet more billions of dollars via an ill-advised investment in an oil pipeline. The Keystone XL project was festooned with red flags well before the injection of hard-earned and now lost taxpayer funds. Political risk can be hard to quantify but it’s…

Which sector spends the most on the environment? Oil and gas

Between 2006 and 2018 the oil and gas sector spent $28.1 billion on environmental protection; ALL other industries combined spent $39.6 billion

Which sector spends the most on the environment? Oil and gasBy Mark Milke and Ven Venkatachalam Canadian Energy Centre As two people not born in Alberta but who live here now – one of us came from British Columbia and the other from India – we’re constantly amazed at the misinformation about the province and one of Canada’s biggest economic contributors: the oil and gas…
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