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...
This blog has been edited due to Bill C-59 When the last global pandemic spread worldwide, people everywhere bunkered down at home to ride out the virus. The use of petroleum products dropped drastically as a result, with global oil consumption bottoming out at about 70% of pre-pandemic levels i...
Did you know Canada was the world's sixth-largest sulphur producer in 2021 [4]? Although sulphur isn't known for its pleasant smell, the non-metallic chemical element is incredibly useful in our day-to-day lives. Sulphur production began in Canada primarily as a byproduct of oil and gas extract...
If Canada put its pedal to the metal, it could displace up to 59% of Russian natural gas exports and up to 46% of its oil sales over the next decade says a new report by SecondStreet.org. The survey comes when Europe – Russia’s largest oil and gas export destination – and other nations abroad ar...
The U.S. granted permission this past Saturday for one of its homegrown oil majors to start producing Venezuelan crude after the Maduro regime ‘agreed’ to hold talks with its political opposition. Just how much trust we can put into Venezuela’s current ruling autocracy to uphold this commitment ...
Canada already has a working "windfall tax" on oil and gas companies. It’s called a scaling royalty system, so let's have an informed discussion about our world-class energy producers. Despite the overwhelming treasure trove of evidence and analyses showing how a windfall tax would hurt Canadian...
Suggestions from the U.S. over the past months that it may scale down sanctions on Venezuela to increase oil supplies should make us all think of the Keystone XL (KXL) pipeline. The now-defunct project could have been a stable and reliable source of oil for U.S. refineries for decades. The 830,0...
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...