The free market always has a way of sorting out inefficiencies. Western Canada’s recent oil pipeline saga (there have been many over the past six decades) will be recorded as a classic case study in how market forces work to remedy anomalous price differentials.
As published in Grande Prairies’ Daily Herald Tribune, June 11,2015: Here is an interesting, yet little known fact: The production growth from Western Canada’s natural gas shale plays is comparable to that of the oil sands. Between 2009 and 2014, Western Canadian shale gas and associated liquids grew by about 700,000 barrels of oil (equivalent) […]
Last week thousands of well tailored dark suits gathered in Houston for the annual IHS CERAWeek, one of the world’s top energy conferences. Despite slashed oil budgets, CEOs, political leaders and investors showed-up in near record numbers to hear perspectives on how the future may unfold. Here are seven themes that recurred in the crowded conference […]
I remember July 2008 like it was yesterday. Oil price hit $145 per barrel for the first time in history. Analysts predicted that insatiable Chinese demand would drive oil price even higher
