Entries by Peter Tertzakian

The Biggest Energy Transition

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On Monday US President Trump tweeted that “OIL (ENERGY) IS BACK!!!!”  He’s right: oil is no longer being given away for free. Benchmark prices have clawed their way above $30-a-barrel for the first time since early April. But few would be convinced that THE NORTH AMERICAN OIL INDUSTRY IS BACK!!!!  The devastating effects of the pandemic—forced production shut-ins—could put Canada and the United States on a regressive path toward dependency on “foreign oil,” a historically disparaging term.  Let’s flip the calendar back to […]

Colluding on Oil Production Is a Game That Can’t Be Played Anymore

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The 2020 Olympics have been deferred, but the Geopolitical Oil Games are full on. Who will stand on the gold podium? Saudi Arabia, Russia or the United States? Will countries like Canada, Brazil or Norway even place? The rules of this game are simple. Major oil-producing jurisdictions negotiate, form alliances and collude on curtailing production. […]