Alberta oil and gas hugely important to Ontario economy

$2.1B in salaries and wages were generated as the result of oil and gas spending in 2017

Alberta oil and gas hugely important to Ontario economyBy Ven Venkatachalam and Lennie Kaplan Canadian Energy Centre A headline screamed “The end of the Oil Age” in the Economist in 2003. Fast forward 18 years and that still doesn’t make sense in many ways. The demand for oil is increasing across the globe. Even U.S. President Joe Biden is asking the Organization of…

Follow our Indigenous neighbours to a carbon-neutral future

The Wet’suwet’en are trying to preserve our planet in the face of the oil industry trying to amass profit

Follow our Indigenous neighbours to a carbon-neutral futureA major issue is getting surprisingly little coverage in the Canadian media. While we looked away to watch the impact of the climate crisis on farmland in southern British Columbia, 50 heavily armed RCMP constables raided a peaceful blockade in Wet’suwet’en territory in the north of the province. The police used helicopters and canine units…

Biden must act now to rein in rising oil prices

Most likely course of action is a release of oil from emergency reserves

Biden must act now to rein in rising oil pricesU.S. President Joe Biden must act – and act quickly – to rein in the crude oil markets. Pressure is coming from all sides, including from his Democratic Party. Last week, 11 Democratic senators, including several known for their concerns on climate change, urged Biden in a letter to act quickly. “As the United States…

Pressure mounts on OPEC+ from all sides

It is defying oil-consuming nations to increase output, for now

Pressure mounts on OPEC+ from all sidesA tug of war has erupted on the world oil market. Despite growing pressure from major crude-oil consuming nations, the Organization of Petroleum Exporting Countries and its allies in the expanded OPEC+ announced they would stick to their original plan by increasing output by only 400,000 barrels per day (bpd). OPEC+ members seemed to be…

Abandoning fossil fuels plunging many Europeans into darkness

Natural gas in Europe rising to five times what it was in early 2021

Abandoning fossil fuels plunging many Europeans into darknessBy Mark Milke and Ven Venkatachalam Canadian Energy Centre With the recent rise in the price of natural gas in Europe to five times where it was in early 2021, expect to see many more Europeans and those in the United Kingdom plunged into what’s known as energy poverty. From Greece to Great Britain, the…

Energy market cool-down sought on multiple fronts

Is Biden getting ready to cave in to Iran to help rein in oil prices?

Energy market cool-down sought on multiple frontsDiplomatic pressure is mounting as the Organization of Petroleum Exporting Countries and allies in OPEC+ prepare to decide their next crude oil output move. Global leaders are assembling in Glasgow for the COP26 climate summit this week with considerable unease over increasing gasoline prices. The leaders seem intent on discussing ways to rein in the…

‘Fly-in, fly-out’ oil sands workers face significant mental health challenges

Time away from home contributes to low morale and difficulty maintaining healthy habits

‘Fly-in, fly-out’ oil sands workers face significant mental health challengesThe mental health of contract workers who fly in and out of Alberta’s oil sands compares poorly with that of the general population, according to a new report co-written by University of Alberta sociologist Sara Dorow. In one of the first studies in Canada to examine mental health and well-being in the fly-in, fly-out (FIFO)…

Oil market turmoil may well benefit consumers

The push and pull of conflicting factions may be providing some relief to consumers

Oil market turmoil may well benefit consumersLast week ended on a calmer note for crude oil markets and major oil-producing countries. Crude oil prices fell slightly as the week ended, finally hovering a little below the recent highs. Forecasts of a warm U.S. winter put some brakes on the price rally that carried the crude markets beyond $86 a barrel early…

Canada missing out on $1.2-trillion EU natural gas market

According to Natural Resources Canada, at the end of 2018 Canada had 73 trillion cubic feet (tcf) of proven natural gas reserves

Canada missing out on $1.2-trillion EU natural gas marketBy Mark Milke and Lennie Kaplan Canadian Energy Centre In 2009, the eastern European country of Ukraine endured a twin lesson in geopolitics and energy security: Russia cut off its natural gas supply in mid-winter. Russia’s public reason was that it was engaged in a pricing dispute with Ukraine. In reality, it was an attempt…

Climate summit forced to confront inconvenient truths

Movement to reduce global emissions toward net-zero is still too slow

Climate summit forced to confront inconvenient truthsWith the United Nations climate summit in Glasgow scheduled to open on Oct. 31, global powerhouses are coming up with their annual energy outlooks earlier than the customary November. With climate issues coming to the forefront at the COP26 summit, most of these reports and analyses are meant to help world leaders make decisions. But…
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