Some used to call it Black Gold. Back in the good ‘ol days of John Wayne, crude oil gushing from a well was a thing of value. These days, neither the black stuff nor gold is worth much. Both commodities […]
Ouch. The oil price war is hitting Canada hard. The near-term outlook looks unforgiving. Iran may be joining the fray on the supply side. Economic chaos in Greece and stock market convulsions in China are leaning on demand. It’s not […]
The free market always has a way of sorting out inefficiencies. Western Canada’s recent oil pipeline saga (there have been many over the past six decades) will be recorded as a classic case study in how market forces work to […]
The oil price war continues. Saudi Arabian engineers are getting close to red-lining their output. Newsfeeds and data show that the Kingdom is flowing 10.3 MMB/d, within 16% of their published maximum capacity. For now world prices are balancing in […]
A week doesn’t go by without headlines touting the need to rid the world’s energy diet of fossil fuels – coal, oil and natural gas. That sentiment was parroted on June 8th, 2015 when G7 leaders set a goal of […]
As published in Grande Prairies’ Daily Herald Tribune, June 11,2015: Here is an interesting, yet little known fact: The production growth from Western Canada’s natural gas shale plays is comparable to that of the oil sands. Between 2009 and 2014, […]
“That thing must chug a lot of gas,” I said to my friend who was proudly running his right hand down the side of his big new SUV. “Not an issue now,” he said as he stopped and patted the […]
Putting the cart before the horse is never good practice. Everyone knows that the horse comes before the cart. But what if the cart is broken? Then what? Clearly, not much work will get done.
This global oil price war, now in its sixth month, has a James-Bond-like feel. A vulnerable, vital commodity is cloaked behind geopolitical intrigue, wars, sanctions, corruption, high-tech advancement and other unsettling factors.