More world oil and gas investment desperately needed, report warns

Increasing spending does not contradict efforts to reduce emissions, says IEF

More world oil and gas investment desperately needed, report warnsWorld energy markets are facing a “red alert,” and there’s more trouble ahead without enough investment going into oil and gas to meet demand, according to a new report by the International Energy Forum (IEF). “At a time when the global energy crisis calls for more supply, underinvestment in hydrocarbons will be the main reason…

No sign of major crude oil price decline any time soon

Bullish pressure on crude oil markets doesn’t seem to be easing

No sign of major crude oil price decline any time soonCrude oil prices fell last week, notching their second weekly decline in the face of concern that rising interest rates could push the global economy into recession. Yet the future of crude oil still seems bullish to many. Spare capacity, or lack of it, is just one of the reasons. The global surplus of crude…

Fossil fuel non-proliferation treaty would hurt humanity

Canada is the solution for reliable, affordable, environmentally responsible energy supply

Fossil fuel non-proliferation treaty would hurt humanityAnti-oil-and-gas activists want the world to believe that the ongoing use of natural resources like gas and oil is an imminent threat to human society as bad as the atomic bomb. They’re wrong. Modern life relies on oil and gas for transportation, home heating/cooling, food supply, and everyday products like your cellphone, computer and clothes.…

Why Canada still needs the Trans Mountain expansion

The expansion, now expected in late 2023, will help meet continued world oil use, benefiting Canadians

Why Canada still needs the Trans Mountain expansionThe case for the Trans Mountain Pipeline expansion remains strong as oil demand is on its way to a new record high, according to industry analysts. Following nearly two years of world consumption exceeding supply, global oil demand is expected to reach a first-ever 101.6 million barrels per day in 2023, according to the International Energy Agency…

F1 driver Sebastian Vettel’s oil sands criticism rife with hypocrisy

Car racing relies on oil and gas. Canada should be the choice supplier, rather than nations like Saudi Arabia

F1 driver Sebastian Vettel’s oil sands criticism rife with hypocrisyGerman Formula One driver Sebastian Vettel sat on a podium in Montreal last week in gear emblazoned with his sponsor logos – including Organization of Petroleum Exporting Countries (OPEC) oil giant Saudi Aramco, owned by the tyranny state of Saudi Arabia – and told reporters that Alberta’s oil sands is “criminal.” He had arrived earlier…

Canadian technology lowering emissions from oil and gas drilling

Faster drilling, alternative fuels, engine automation are just the beginning as industry keeps innovating

Canadian technology lowering emissions from oil and gas drillingWhen Nicole Romanow looks at drilling rigs from 30 years ago, she’s impressed by the change and innovation that has occurred in Canada’s oil and gas industry – and what is yet to come. That’s because as team lead for sustainability strategy at Canadian drilling company Ensign Energy Services, she understands the level of equipment…

No end in sight for soaring oil prices

The best bet remains to bring sanctioned Iranian oil back to the market

No end in sight for soaring oil pricesAmerican gasoline prices have crossed the unprecedented US$5-a-gallon mark. American Automobile Association data shows prices at the pump are up roughly 60 per cent from a year ago. And prices in Canada are already more than $2 a litre. We are seeing new record prices around the world with each passing week. And no respite…

Oil sands industry aggressively cleaning up tailings ponds

All six mining projects with legacy tailings reduced their volumes in 2021

Oil sands industry aggressively cleaning up tailings pondsNew technologies and practices are improving the environmental performance of Canada’s oil sands industry, with producers removing more than 270 million cubic metres of “legacy tailings” from the environment over the last five years. The successful reduction of legacy tailings – tailings that were in storage before 2015 – is contributing to a slower pace…

Why do we keep electing energy idiots?

Our choice is clear: protect the life we love or keep electing these idiots

Why do we keep electing energy idiots?If there’s any point to writing about energy, it’s to perhaps try to pull together disparate bits of information that the average citizen is too busy to notice, the sort of random and arcane stats and events that only genuine weirdos devote their spare hours to. Truffle pigs find the truffles. People learning about energy…

Punishing Russia has upended global economics

And we can blame political meddling

Punishing Russia has upended global economicsThe crude oil world has inched into a crisis mode. The world faces a “much bigger” energy crisis than the one in the 1970s. Fatih Birol, the executive director of the International Energy Agency (IEA), told the German daily Der Spiegel in an interview last Tuesday. The IEA, the Organization for Economic Co-operation and Development…

Canada’s electric vehicle ambitions are pure foolhardy fantasy

Here are facts for Canadians forced to face the real-world impact

Canada’s electric vehicle ambitions are pure foolhardy fantasyThe marvellous Christmas movie The Polar Express, starring the inimitable Tom Hanks, ends with the words “anything is possible, if you only believe.” Except, as adults understand, many things aren’t possible, not even if some people do believe them. An obvious example is the fantasy that the 84 per cent of global energy supplied by…

Canada replaces OPEC as lead oil importer to U.S. Gulf Coast

New pipeline infrastructure helps connect Canada’s oil producers with demand from U.S. refiners

Canada replaces OPEC as lead oil importer to U.S. Gulf CoastThe tables have turned in the largest refining market in the U.S., with oil imports from OPEC countries like Saudi Arabia and Iraq taking a dramatic drop in the last five years. That’s thanks to increased imports from Canada, even without the Keystone XL pipeline that would have provided a direct connection from Alberta to…

Energy doesn’t have to be a political weapon

Canada can be the solution as the world looks for reliable energy while maintaining GHG targets

Energy doesn’t have to be a political weaponCanada and its partners in the G7 are calling on OPEC for solutions to the growing energy security crisis they say is a “grave concern” for households – particularly low-income households – around the world. The G7 is made up of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. It’s asking Organization…

Imperial signs biggest ever contracts with Indigenous businesses

Oil sands companies spent a record $2.4 billion with 275 Indigenous businesses in 2019

Imperial signs biggest ever contracts with Indigenous businessesCanadian oil sands producer Imperial Oil says it has signed two of its largest-ever contracts with Indigenous businesses. Two joint ventures – one with the Fort McKay First Nation and another with the Mikisew Cree First Nation – will provide Imperial large-scale earthwork, land reclamation, and mining support services at its Kearl oil sands mine…

Surging global coal use highlights opportunity for Canadian LNG

There are 2,449 coal-fired plants operating worldwide, 189 under construction and 292 planned

Surging global coal use highlights opportunity for Canadian LNGCoal use around the world is rising in what the head of the International Energy Agency (IEA) calls “a sobering reality check” for targets to reduce emissions. Against that backdrop, global demand for liquefied natural gas (LNG) is soaring, in part because it can help displace coal power and reduce emissions by half – or…
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