Energy Sector to Generate $112 Billion for Canadian Governments in 2022-2023: REPORT

Energy Sector to Generate $112 Billion for Canadian Governments in 2022-2023: REPORT

A new report by RBC Capital Markets estimates a significant financial windfall for Canadian governments through our local oil and gas industry in an era of now-higher commodity prices and improved profitability.Released in July, RBC's report (1) estimates these revenue stream...

Increasing Energy Exports is Canada’s Best Response to Rising Living Costs

Increasing Energy Exports is Canada’s Best Response to Rising Living Costs

If you have noticed rising costs at the grocery store, gas pump, your favourite restaurants or anywhere else in your daily life, you are not alone. Today, much of the world is struggling with supply shortages and increased living costs associated with the technical term “infl...

10+ Examples of Global Oil & Gas Investment in 2022 & Beyond

10+ Examples of Global Oil & Gas Investment in 2022 & Beyond

Does the world need more oil and gas in 2022 and beyond? If you've read any of our previous posts related to the global energy supply crunch and dire warnings of underinvestment in the oil and gas sector, you probably know the answer is a big YES. The most plausible projectio...

More Canadian Oil Is Good for Our Families & the Global Environment

More Canadian Oil Is Good for Our Families & the Global Environment

As the world's third-largest reserve holder and fourth-largest producer and exporter, Canada's reliance on foreign oil is shockingly significant. Between 1988 and 2020, Canada imported approximately $488 billion of foreign oil. According to Statistics Canada, we've imported o...

Canada Needs a Resource Recovery in 2021 and Beyond

Canada Needs a Resource Recovery in 2021 and Beyond

Last year was for the record books, and not in a good way. Canada – and most of the world, for that matter – grappled with the fallout from COVID-19 in varying degrees since the beginning of 2020. Such a year can only be described as catastrophic for millions of Canadians fro...

Putting Billions of Dollars from Canadian Natural Resources into Perspective

Putting Billions of Dollars from Canadian Natural Resources into Perspective

Canadians often hear about the billions of dollars that natural resources contribute to our economy, but can any of us really understand how much money that is? When you hear about Canada’s natural resource sectors – energy, mining, forestry, agriculture – and the tens of bil...

Is There Global Demand for Canadian Oil in 2021 and Beyond?

Is There Global Demand for Canadian Oil in 2021 and Beyond?

Key Points • Recent purchases by major refiners point towards strong global demand for Canadian oil now and in the future. • There is tremendous global demand for Canadian oil. Alaska, Texas, Mexico, Venezuela, Brazil, Colombia, Ecuador, Angola, Nigeria, Denmark, Norway, the U...

In Canada’s COVID-19 Recovery, Natural Resources Should Lead the Way

In Canada’s COVID-19 Recovery, Natural Resources Should Lead the Way

While Canada is still coping with COVID-19, many Canadians are uncertain what an economic recovery is going to look like in the months and years ahead. But one thing we can count on during this time is our resilient natural resource industry which can prop up our economy for ...

MYTH: The Oil Industry is Dead in 2020

MYTH: The Oil Industry is Dead in 2020

Key Points • Is the oil industry really “dead” as some are saying? Explores the suggestion by Canadian political leaders Elizabeth May and Yves-François Blanchet earlier last week.• Several facts from pre, during and post coronavirus that point towards continued growth in glob...

How Important is Oil to the Canadian Economy?

How Important is Oil to the Canadian Economy?

Whether you like it or not, oil is a very important part of the Canadian economy. It's been said revenues generated by the oil and gas industry “pay the rent” in our country, not to mention the sector provides hundreds of thousands of direct and indirect jobs from coast-to-coa...