The International Energy Agency (IEA) published their closely-watched, annual World Energy Outlook (WEO) last week. At over 810 pages, the WEO publication is an encyclopedia on the state of energy today. The IEA’s three future scenarios illustrate widely diverging paths for the future of oil demand: Current Policies Scenario (CPS). This outlook assumes that the […]
What is the fiscal health of the Canadian oil patch this year? It is a mixed diagnosis. While commodity prices, equity values and capital spending are weak, some of the key industry metrics – revenue and cash flow – are still relatively healthy at first glance. ARC’s “Fiscal Pulse” model tracks trends in product volumes, […]
Canadians have spoken, voting in a Liberal minority government on October 21. As the name implies, minority governments have less power since they need to collaborate with other parties to pass legislation. Minority governments are not a new phenomena on Parliament Hill. A recent example started in 2006, when the Conservative party led by Stephen […]
This week’s SnapChart compares US natural gas price – measured at Louisiana’s Henry Hub – to Western Canada’s AECO price. Alberta’s price has been choppy and weak compared to US pricing, especially outside of the higher demand winter months. Low-demand ‘shoulder season’ prices have averaged near $C 1.00/GJ or a 70 percent discount to […]
