Energy-rich Middle East countries smiling all the way to the bank

Putin's War has lifted the Gulf states out of an almost decade-long economic slump

Energy-rich Middle East countries smiling all the way to the bankI am in Abu Dhabi and the glitter is visible – all around. With the oil-based economies of the Gulf’s current high budgetary surpluses, the glitter will only shine brighter. New projects worth hundreds of billions of dollars are being showcased throughout the region, from Saudi Arabia to Qatar and from Abu Dhabi to Kuwait.…

Oil once again being used as a political tool

G7 agrees on devising a system that would only allow the sale of Russian oil at below-market prices

Oil once again being used as a political toolWell, they did it. During their virtual meeting last Friday, finance ministers from the G7 agreed on devising a system that would only allow the sale of Russian oil at below-market prices. “The price cap is specifically designed to reduce Russian revenues and Russia’s ability to fund its war of aggression whilst limiting the impact…

The coming energy crisis

How did things get so bad, so fast?

The coming energy crisisBy Stewart Muir and Margareta Dovgal It’s been obvious for months that a global energy crisis was coming. Then last Monday, just when we thought things couldn’t get any worse, the chief executive of Shell predicted that Europe is headed for a multi-winter energy crisis, with consequences that cascade around the world. The situation is…

Trudeau is wrong. LNG development is feasible

Canada has to step up to the plate and help its allies

Trudeau is wrong. LNG development is feasibleGerman Chancellor Olaf Scholz’s recent visit to Atlantic Canada was an opportunity for a serious long-term strategy to address several different aims: European Union (EU) energy security, East Coast economic development, Canadian energy industry growth (and higher federal tax revenue), and the likely-alarmist crusade to lower carbon dioxide emissions. The result of his visit, unfortunately,…

Canada must begin to export green energy natural gas to Europe

Not to do so hurts us, our allies and the environment

Canada must begin to export green energy natural gas to EuropeGerman Chancellor Olaf Scholz recently completed a trip to Canada to discuss, among other things, Europe importing Canadian natural gas. With the invasion of Ukraine, and the sanctions that followed, Germany, which imported 55 per cent of its natural gas from Russia in 2021, has had to reopen some coal plants and has started looking…

The high cost of climate “justice” through lawfare

At a time of soaring energy costs, we need this type of legal activism like we need a hole in the head

The high cost of climate “justice” through lawfareThe anti-energy left has weaponized consumer protection laws in the United States to punish oil and gas companies simply for carrying out their core business. If their lawfare succeeds, there will be serious repercussions for the energy security of North America and the West. According to a recent PBS story, at least 20 cities and…

Iran nuclear deal a critical piece of oil market’s future

U.S. President Joe Biden desperately needs lower prices at American gas stations, especially in a mid-term election year

Iran nuclear deal a critical piece of oil market’s futureSpeculation is growing about a deal between the United States and Iran reviving the stalled nuclear agreement, letting additional Iranian crude oil enter the markets. But efforts to sabotage the agreement are apparent. The return of Iranian crude is important to the United States for various reasons. U.S. President Joe Biden needs lower prices at…

Trudeau is wrong about the viability of LNG

Growing LNG exports is in Canada’s and our allies' best interest

Trudeau is wrong about the viability of LNGPrime Minister Justin Trudeau isn’t optimistic about liquefied natural gas (LNG) exports to Europe because he says there’s no business case. Even though the chancellor of Germany just came to Canada asking for LNG to help fill the five new import terminals it’s building. And even though companies are ready to invest, if given the…

It is time to revisit resource corridors

They could be the catalyst to finally getting something done in Canada

It is time to revisit resource corridorsOne of the best ideas that has gone nowhere is the creation of resource corridors for long-distance transportation infrastructure using routes where land-use and development issues are resolved in advance. Historically, the path of transportation infrastructures like railroads, highways, power lines and pipelines has been “map and ruler,” a straight line at the lowest cost.…

Crude oil prices dampening but market uncertainty remains

Weaker-than-expected demand growth means the oil market is likely to remain in surplus into early next year, say analysts

Crude oil prices dampening but market uncertainty remainsOil markets were under considerable pressure last week. Both Brent and U.S. West Texas Intermediate (WTI) crude oil prices fell, with Brent futures settling at US$96.72 and WTI ending at US$90.77 per barrel. Both benchmarks fell about 1.5 per cent on the week, as future contract values dropped to their lowest level in seven months…

The marginal returns of ESG investing hurt us all

The first problem with ESG is the lack of firm, objective, and uniform standards, criteria and targets

The marginal returns of ESG investing hurt us allThe adoption of environmental, social and governance (ESG) standards by institutional investors is ultimately a form of woke and green social credit scoring for corporations. It is meant to cajole, if not compel, investible companies to adhere to rigid rules and criteria established by investors or outside entities, such as consultants, to satisfy so-called climate…

Global energy security should be a national imperative

Canada can become a major supplier of natural gas to allies and trading partners in Asia and Europe

Global energy security should be a national imperativeYou could call Canadian natural gas the global energy security solution that’s waiting to happen. It’s entirely within Canada’s grasp to elevate natural gas production and export, assist our allies and trading partners, and help stabilize global energy markets – all without compromising emissions reduction goals. Until recently, a constrained North American energy market with…

B.C.’s taxpayer-funded climate virtue-signalling continues

Sue Big Oil project illustrates how disconnected Canada’s West Coast climate industry is from the real world

B.C.’s taxpayer-funded climate virtue-signalling continuesDue to a series of unfortunate events, including the invasion of Ukraine by Russia, there is a world shortage of affordable food and energy. How and when this will end is unknown. Everyone is affected. Those who suffer the most historically live in developing countries. But today, it is affecting nations previously thought to be…

Woodfibre LNG ‘essentially assured to go ahead’

Enbridge investment builds on momentum following April milestone of notice to proceed

Woodfibre LNG ‘essentially assured to go ahead’The outlook for Canada’s extra-low emissions Woodfibre LNG project just got even stronger. A new $1.5 billion investment by Enbridge builds on momentum following the April milestone of notice to proceed being issued to the project’s main contractor. “Woodfibre is now essentially assured to go ahead with the recent announcement,” says Thomas Liles, vice-president with…

The good news: renewable energy sources have gained ground

The bad: they still satisfy only seven per cent of the world’s energy demand

The good news: renewable energy sources have gained groundBy Jock Finlayson and Denise Mullen We are living through an extraordinary period in the evolution of international energy markets. Amid the turmoil and trade disruptions caused by Russia’s brutal invasion of Ukraine, energy reliability and security concerns have suddenly re-emerged with a vengeance. And the higher energy costs linked to the war are hitting…