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
Photo: ARC Financial
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) per day, while the oil sands grew by 800,000 barrels per day. Read more
