The global energy map faces dramatic revisions

Putin's war on Ukraine has changed everything

The global energy map faces dramatic revisionsEnergy security is back on the global agenda. Not long ago, energy security was almost taken for granted by all. With the emergence of new energy frontiers over the last decade and a half – including shale oil and gas and the growing emphasis on renewables in the Americas – it was felt that energy…

The world is on the brink of a food shortage

More than 100 million people will soon experience either famine or hunger

The world is on the brink of a food shortageFood supply chain hangovers due to the COVID-19 pandemic and the impact of Russia’s invasion of Ukraine have resulted in questions about the global nature of our food systems. Some suggest we need to deglobalize and refocus our energy on making most economies around the world food sovereign, including Canada’s. Given what the world is…

OPEC is in a defiant mood and the world is paying the price

Full European Union ban on Russian oil could have unintended economic consequences for the West

OPEC is in a defiant mood and the world is paying the priceThe war in Ukraine is transforming global geopolitics and crude oil dynamics. On the geopolitical front, the United States has relentlessly rallied its allies against Russia. The Russian energy sector has still not been directly impacted by the sanctions. But the repercussions are apparent, even as the world is finding it hard to replace Russian…

Newfoundland and Labrador can grow as a trusted oil supplier to Europe

Already a steady supplier and can grow significantly if major projects get the go-ahead

Newfoundland and Labrador can grow as a trusted oil supplier to EuropeEurope needs new suppliers to get off Russian oil and maintain energy security in the long term. Newfoundland and Labrador’s offshore oil industry is already a steady supplier and can grow significantly if major projects get the go-ahead. “We have the potential certainly to be producing more,” says Paul Barnes, Atlantic Canada and Arctic director…

Western leaders ignore their own genocidal acts

Leaders in NATO countries are guilty of crimes against humanity, yet only Africans are tried

Western leaders ignore their own genocidal actsIn recent months, words like genocide, crimes against humanity and war crimes have been used extensively in the media. These are important legal terms, and they shouldn’t be used loosely. Using them as political weapons risks making them meaningless. The word ‘genocide’ was coined in 1944 by Polish-Jewish law professor Raphael Lemkin after he studied…

From evil to relativism and back again

'Evil' is back in rhetorical style, at least on a selective basis. Actual evil, of course, never went away

From evil to relativism and back againEvil was a very real concept when I was a child. Orthodox Catholic opinion in the Ireland I grew up in believed evil was personified by the devil. And the devil wasn’t just a metaphor but a real live entity. My grandmother’s house in rural County Cork had a religiously-themed image hanging on one of…

Ukraine, Taiwan, and the politics of big neighbour resentment

Anyone who resists is a “traitor”and therefore deserving of brutal retribution

Ukraine, Taiwan, and the politics of big neighbour resentmentMore than a month has elapsed since Russia launched its war of aggression against Ukraine. Its constant targeting of civilian targets, and evidence in recent days of other mass atrocities, have dispelled any doubt that what we are witnessing in Ukraine is nothing less than an annihilative effort by Moscow – an attempt to negate…

Crude oil markets in turmoil as Ukraine war continues

How much Russian crude will be locked out and for how long?

Crude oil markets in turmoil as Ukraine war continuesThe global oil markets are far from stable. Having entered a turbulent phase, the see-saw continues. After almost touching the US$130-a-barrel mark in early March, crude oil prices have registered a dramatic reversal, hovering around US$100 a barrel. Early last week, crude prices were on a slippery slope. With some underlining issues, markets were heading…

Plenty of blame in a world of strife

How is the Russian invasion of Ukraine different from the U.S.-led invasion of Iraq?

Plenty of blame in a world of strifeAmerican writer and philosopher Ralph Waldo Emerson said, “Fiction reveals the truth that reality obscures.” I admit I’ve never been a great fan of fiction; I prefer writing that spells out the author’s perspective on what’s actually happening in the world. But there are times when nothing speaks the truth more effectively than a great…

Could Marine Le Pen become the next president of France?

Russia’s invasion of Ukraine has hurt Macron’s re-election bid

Could Marine Le Pen become the next president of France?In the 2017 French presidential election’s second round of voting, Republic On The Move leader Emmanuel Macron defeated National Front leader Marine Le Pen by 66.1 to 33.9 per cent of the vote. Five years later, they face each other in another run-off. Portions of the French electorate are pulling for a Macron victory. While…

Will oil prices stall or continue to rise?

The relief we’re seeing from market manipulation could fade soon

Will oil prices stall or continue to rise?Bearish sentiments continue to overshadow the crude oil markets. Despite a small spike at the tail end, prices registered a back-to-back retreat last week. Several factors are in play. The announcement of the release of 180 million barrels of crude from the United States Strategic Petroleum Reserves (SPR) over the next six months played a…

How Canada’s oil industry should respond to the war in Ukraine

It's better to send tankers of oil and LNG to Europe than tanks full of our kids

How Canada’s oil industry should respond to the war in UkraineThe war in Ukraine is now more than a month old, nor does it show serious signs of ending anytime soon, despite attempts at peace talks. Canada has had a month to determine a response. Even if the shooting stops, Russia’s oil and gas exports must be replaced by that from other nations over the…

Crude oil markets weaken as U.S. opens taps

Oil headed for its biggest weekly loss in more than 10 years

Crude oil markets weaken as U.S. opens tapsGlobal crude oil markets are cooling. The United States’ announcement that it would release one million barrels per day (bpd) of crude from strategic reserves for six months and an expected similar announcement from other countries have helped cool the markets. The announcement followed growing questions about the real supply disruptions from Russia, reports that…

North American energy choices leading to disaster

Climate change fanaticism led to Putin's War

North American energy choices leading to disasterA few weeks ago, there was a violent First Nations-climate extremist attack on a Coastal GasLink natural gas pipeline construction site in British Columbia. In a seemingly unrelated development, German leaders decided last year to rapidly phase out nuclear energy with nothing to replace it. Also last year, the United States chose not to approve two pipelines.…

Putin’s War puts global food security in jeopardy

The pandemic was just a dress rehearsal for what’s about to happen

Putin’s War puts global food security in jeopardyUnited States President Joe Biden was the first G7 leader to admit publicly that many parts of the world will soon experience food shortages and even famine. The world will be short of many commodities. Regions like the Middle East and northeastern Africa already have dangerously low food inventories. The world will soon discover that…