This Sunday, June 26th, the long-awaited Panama Canal expansion will open. The upsized waterway benefits US Liquefied Natural Gas (LNG) exporters, who now have a shorter path to Asia. Meanwhile, market access for Canadian natural gas remains landlocked.
The world buys about $US 3.5 trillion worth of primary energy – coal, oil, natural gas, nukes and renewables – every year. Fighting for every Megajoule supplied to hungry consumers has become the mother of all market share battles.
Political conventions are forums where delegates come to listen, learn and debate party policies. This past weekend I was honoured to be asked to deliver a keynote speech at the federal Liberal convention in Winnipeg. My contribution to the Party’s […]
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 […]
An economist, a business school professor and a physicist walked into a bar. They ordered a round of drinks. The bartender smiled and asked, “Is this like a three-guys-walked-into-a-bar joke?”
While the size of the devastating wildfires in Fort McMurray is not yet fully understood, we do know that the blaze will leave a lasting scar on the community and province for many years to come.
“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.
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 […]
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 […]
The price of Western Canadian Natural gas is getting hammered. At one point last Thursday, a gigajoule of natural gas was trading for only $C 0.65 at Alberta’s AECO hub. By the end of the week it had recovered closer […]