By 2050, the world and its energy mix will be vastly different than today according to Exxon’s latest global outlook --- but not in the way you might expect. The oil major expects global energy demand to grow 15% by 2050 as the world’s population booms from 8 billion today to 10 billion and deve...
Key Facts Pipeline infrastructure restraints affected refined product shipments from Edmonton to cities in British Columbia, creating a supply/demand squeeze and affecting gasoline prices Since 2015, pipeline bottlenecks have resulted in an additional $1.5 billion in gasoline and diesel costs fo...
Speaking frankly, it is extremely difficult to fathom just how much a “billion dollars” is. For example, we often hear about the “billions” that our natural resource sectors generate for Canadians, but for 99.9% of us, without tangible comparisons, conceptualizing this amount of money is next to...
This blog has been edited due to Bill C-59 Key Points • Natural declines in oil & gas fields mean significant volumes of new supply need to be brought online every year to keep up with global energy demand • The world still gets more than 80 per cent of its energy from fossil fuels, despite t...
This blog has been edited due to Bill C-59 A new report by the Canadian Chamber of Commerce shows how important the conventional oil and natural gas sector is to Canada’s economy, generating tens of billions of dollars in economic activity and providing hundreds of thousands of jobs for families...
This blog has been edited due to Bill C-59 As electric vehicles (EVs) charge down the road to becoming more popular, many assume EVs will let us leave large amounts of our oil consumption in the rearview mirror. Yet, contrary to common belief, the latest findings reveal that the increasing popul...
This blog has been edited due to Bill C-59 The federal government has said it will lend capital to Indigenous communities through the Canada Infrastructure Bank (CIB) to purchase equity shares in infrastructure projects. However, the CIB is only mandated by Ottawa to invest in broadband, renewab...
This blog has been edited due to Bill C-59 Once upon a time in 1858, James Miller Williams, a carriage maker from Hamilton, Ontario, embarked on a quest drilling for water only to unearth a treasure far greater – a substance known as “black gold.” His surprise oil discovery marked North America’...
This blog has been edited due to Bill C-59 The world will need all forms of energy to accompany a global population of roughly 9.7 billion by 2050 ExxonMobil’s latest annual energy outlook sheds light on what it believes the world will look like in 2050. With billions more people, more prosperi...
This blog has been edited due to Bill C-59 The concept of 'peak oil' has a long and inaccurate history. According to prominent economist and oil analyst David Yergin, the first predictions of peak oil production go way back to the 1880s when some American experts believed the exhaustion of Penns...