The Fiscal Pulse of Canada’s Oil and Gas Industry

Photo: Peter TertzakianPhoto: Peter Tertzakian

Economists and analysts have been trying to find historical comparisons to the lengthy oil price downturn that began 21 months ago. As bad as 1998? 1985? Or even the 1890s? Regardless, the dual impact of oil and natural gas prices […]

Canada: Reducing Reliance on Overseas Oil

The Doable Oil Price RecoverySource: www.Dreamstime.com © Hansenn

“Why do Quebec and Atlantic Canada buy their oil from Iraq and Saudi Arabia?” asked Brian, an unsettled friend of mine who works in the oil patch. “Alberta should be serving our own national interest,” he said with patriotic conviction.

Freeze or Not: Oil Markets will Balance

Photo: Peter TertzakianPhoto: Peter Tertzakian

Someone asked me yesterday, “Why didn’t Alberta send someone to the Doha meetings?” I resisted the temptation to reply with a dismissive comment. It was a silly question, but I had to admit that I wouldn’t have minded being a […]

What Does Oil Price Recovery Look Like?

Source: www.Dreamstime.com  © Wenbin YuSource: www.Dreamstime.com © Wenbin Yu

By now, we’ve all received the memo on distress in the oil and gas industry. Daily, depressing blogs, news stories and twitter feeds are diarizing the corporate carnage, project cancellations, idle oilfield activity and 100,000-plus layoffs. The cash drought is […]

Bad Habits: Coffee and Gasoline

Photo: Peter TertzakianPhoto: Peter Tertzakian

I pulled into the filling station somewhat reluctantly. It was packed with a parade of cars, SUVs and pickup trucks, each jockeying for their turn to nourish their internal combustion engines with a tank of gasoline. I don’t like waiting. […]