Photo: Peter Tertzakian
Ouch. The oil price war is hitting Canada hard.
The near-term outlook looks unforgiving. Iran may be joining the fray on the supply side. Economic chaos in Greece and stock market convulsions in China are leaning on demand. It’s not clear whether we should turn to Plato or Confucius for wisdom. Read more
Photo: Peter Tertzakian
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. Read more
Source: www.dreamstime.com © Zensu
The oil price war continues.
Saudi Arabian engineers are getting close to red-lining their output. Newsfeeds and data show that the Kingdom is flowing 10.3 MMB/d, within 16% of their published maximum capacity. For now world prices are balancing in the mid-$60 range, but there is concern of another price slide before another go-around of see-saw volatility. Read more
Photo: Peter Tertzakian
A week doesn’t go by without headlines touting the need to rid the world’s energy diet of fossil fuels – coal, oil and natural gas. That sentiment was parroted on June 8th, 2015 when G7 leaders set a goal of being completely carbon vegan by the end of the century. Read more
