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...
How does petroleum make outdoor leisure and recreation possible? It’s a good question, and one that we should all consider as many of us make trips out to the great outdoors for activities and events. Whether hiking in the beautiful forests of British Columbia or sailing along the stunning coast...
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.
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.