OPEC+, a group of the world's most influential oil producers, agreed to deep output cuts on Wednesday in an attempt to boost crude prices, despite calls from Western nations to pump more to help support the global economy. The 2 million barrel per day reduction from November onward will make ene...
An energy crisis has been developing across the world over the past few years. Exacerbated by the war in Ukraine, these supply shortages are accompanied by many real-world consequences for people, prosperity, and the planet. Here are more than 30 tweets showing us all just what the consequences ...
Amid a global energy crisis deemed worse than the oil crises of the 1970s, Canada seems to have forgotten about its vast petroleum reserves, which, if unleashed, could help stabilize energy markets and improve energy security worldwide.
Have you seen The World Without Canada on your streaming service or cable television? If not, we suggest you put it on your watch list!
A global energy crisis has gripped nations worldwide, and it may get worse before getting any better. Families are being hit by huge price hikes, businesses are shutting down over unpayable energy bills, and elected leaders are struggling to tackle high inflation.
Current energy shortages and resource scarcity happening globally might seem somewhat surreal for most Canadians. As the world's fourth-largest producer of crude oil, uranium and renewable electricity, and sixth-largest producer of natural gas, we've always had access to an abundance of energy f...
It used to be that the ‘seven sisters’ – the large private oil companies that today have been consolidated into BP, Chevron, ExxonMobil, and Shell – had monopolies on global oil production. Ahead of the 1973 oil crisis they controlled 85% of global oil reserves.
Unless you want to spend most of Christmas trying to explain to the kids about limited reindeer capacity or elf worker shortages, buy those high-demand toys now. They might just not make it to Black Friday given the energy crisis underway in Europe, which according to many energy analysts has th...
Key Points • The IEA's Net-Zero to 2050 scenario requires massive changes to the global energy infrastructure system and record-setting deployments of renewables and EVs • Current actions by governments in parts of the world will make it extremely difficult for the IEA's scenario to come to frui...
Key Points • The world runs the risk of massive oil and gas supply shortages if actions are not taken in the short term to increase investment and exploration • Trillions of dollars of new investment are needed to prevent the destabilization of oil and gas markets • Oil and gas supply shortages c...