It’s no secret that Canada’s energy sector has been struggling in 2019. It’s unfortunate that this year so far has been but a continuation of many before it where the oil and gas industry has seen capital investment and investor confidence drop significantly.
Meanwhile, countless layoffs have forced talented individuals to move to other more competitive jurisdictions for jobs and better employment opportunities, many of whom are relocating south to the United States.Read more
The world is hungry for more and more energy as the years go by. By 2040, energy demand will be much higher than it is currently, and natural gas will play a major role in fulfilling a large share of of the world's growing demand.
Today, natural gas accounts for approximately 23% of the world’s total energy demand. Projections by major organizations such as the IEA, BP and the EIA suggest that by 2040, the world will consume nearly 50% more natural gas.
The proof of natural gas and its future in our world as a cheap, clean and efficient source of energy is seen all over the news, everywhere you look:Read more
Canada’s oil and gas industry has been in the spotlight for many years, but not because it has been named the top oil producer in the world or is now the third largest LNG exporter (headlines which are true for the USA).Read more
Just how important is oil and gas to the Canadian economy? We gave the best answer we could in a previous blog, but new studies by the Canadian Energy Research Institute (CERI) shed even more light on the topic.
Two CERI reports released in July of 2019 forecast the economic contribution of both conventional oil and gas and the oil sands industry across Canada.
Below details the focus of each report, and the overall economic highlights along with a link to the PDF file for your convenience.
Did you know that Canada is a global top 10 energy producer? It’s not just for oil and natural gas, either. We are a top 10 global producer of many other forms of energy too!
Canada is lucky to have vast petroleum reserves, while also being blessed with a rich and diverse array of geography from coast-to-coast-to-coast that provides us the opportunity to develop other forms of energy such as hydroelectricity, wind, solar and biofuels.
As it stands today, Canada is a global top 10 producer of these following energies:Read more
The United States, which just happens to be Canada’s number one competitor for oil and gas markets, has reached a new liquefied natural gas (LNG) export record of 4.7 billion cubic feet per day (Bcf/d) in May of 2019.
The country became the world’s 3rd top LNG exporter this year, averaging 4.2 Bcf/d of exports between January and May. It remains behind only Australia and Qatar, as both of those countries also continue to increase their own LNG exports to fulfill rising global demand.
Between 2016 - 2021, the U.S. is expected to double its LNG export capacity to more than 10 Bcf/d. Considering that 2016 was the year it began exporting, it’s quite a feat to accomplish.
So where is all the additional export capacity coming from?Read more
Sometimes it’s almost as if we live on another planet devoid of facts, logic and common sense.
The unbalanced and relentless attack on Alberta’s energy sector which has labelled the oil sands as the harbinger of the apocalypse is a prime example of where some logical thinking and common sense could be of great use.
Environmental groups claim that further development and production from Alberta’s oil sands will send the entire world into oblivion. Meanwhile…Read more
If you follow Canadian politics, there’s a good chance you’ve heard about the controversial Bill C-69. This bill, along with Bill C-48, the Clean Fuel Standards (CFS) and other legislation that’s currently being introduced by the federal government may just sound the death knell for Canada’s natural resource sector if made law.
Like Bill C-48 – the tanker ban legislation which was voted down by the Senate Committee of Transportation – Bill C-69 is so flawed it doesn’t just need amendments, but should be voted down by the Canadian Senate and suffer the same fate as its cousin Bill C-48.
Here’s three major flaws we see with Bill C-69, and why any Canadian who understands how important our our natural resource sector is to our country should be concerned with this dangerous piece of legislation.
- 75+ Quotes & Tweets: Canadians Against Bill C-48 & Bill C-69
- Bill C-48 Ignores Canada’s East Coast + World Tanker Activity [Photos]. Why?
Bill C-48 (west coast oil tanker moratorium) and Bill C-69 (change of review process for natural resource and infrastructure projects) have proven to be two of the most controversial bills to be introduced in parliament in recent years.
Both bills have been widely scrutinized by industry leaders and business gurus across the country, with it being said that they together will be the bane of Canada’s oil and gas industry while making it impossible for new resource development projects to get built across the country.Read more
The short answer is yes! But who’s in for short answers nowadays?
In today’s current climate of misinformation and fear mongering about Canada’s natural resource sector, most of which has been spread by foreign-funded “environmental” groups who only oppose Canadian energy, the whole truth needs to be told in a descriptive and well-sourced way.
One of those truths is that Ontario and the rest of Canada's provinces benefit immensely from the oil and gas industry, which is active in 12 of the 13 provinces and territories. In Ontario's case, many service and manufacturing jobs are created indirectly as a result of activity in the oil and gas sector.
For now, we’ll keep our sites focused on Ontario, but stay tuned for more articles showing how other Canadian provinces without direct oil and gas exploration and production activities also benefit when our natural resource sector is strong.Read more