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.
Why should you love Canadian oil and gas? At Canada Action, we've been saying that we love Canadian oil and gas for nearly a decade now, and for all the right reasons! Here are 10 examples of why you should consider loving Canadian natural resources and the hard-working families who are part of ...
Canada’s oil sands is home to an essential source of energy used to fuel our modern-day lives. But not many people know that the oil sands are also home to a lesser-known, but equally important part of history – dinosaurs! Alberta is widely known for its abundance of dinosaur activity. Over the ...
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.
Despite predictions of "peak oil" over the years, growing global oil demand seems here to stay, at least in the short to medium term. Following the global energy crisis of 2021 – and its 2022 sequel – it's clear the world will need all forms of supply to keep the lights on and the economy rollin...
Did you know that today's modern fleet of renewable energy technologies cannot exist without non-renewables? Unfortunately, not many people realize that fossil fuels – and their high energy density – play an integral role in manufacturing essential components of renewables, from wind and solar t...
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 projection scenarios by organ...
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 over $23 billion from...