Last week’s announcement by Volvo that every car, “it launches from 2019 will have an electric motor,” jolted oil investors. Then France amped up the newswire by switching on a ban: No more combustion car sales by 2040. To cap off a trilogy of electric vehicle (EV) proclamations, Elon Musk lit up the twitter feed […]
Headlines around electric cars and carbon policy suggest our oil dependency is on a slippery downward slope. Recent data from 2016 suggests the opposite: our worldwide addiction is getting stronger. Oil consumption versus economic activity (GDP) measures the energy “intensity” or “dependency” of our lifestyles to the wonder-fuel we love to hate. A steepening […]
On June 8th, British Columbia elected its first minority government in 65 years. Whatever parliamentary arrangement emerges next week, the prognosis favours greater uncertainty for energy resource developers. And that could dampen capital spending in the province. The oil and gas industry now spends about 15% of annual its upstream budget in BC, roughly […]
Learning takes time and effort. But a good education pays off. North America’s oil industry has been in school for the past three years, studying how to become more productive in a fragile $50-a-barrel world. Many companies in the class of 2017 have graduated and are now competing hard for a greater share of global […]
