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...
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...
Global demand for oil and natural gas is poised to grow for decades yet, did you know? Despite what you may have heard about the “end of oil” due to uncertainty in global energy markets surrounding COVID-19, several major energy research firms and organizations are projecting continued demand gr...
“Supporter Spotlight” features Canadians with a passion for Canada’s Natural Resource sector. Our spotlight this month is Charlene Johnson, CEO of NOIA (Newfoundland and Labrador Oil & Gas Industries Association). Charlene talks to us about the importance of oil & gas for our communities,...
Keystone XL Under Construction Keystone XL (KXL) is now officially dead, and that's just too bad. After more than 15 years since first being proposed – a time over which global oil demand has risen by more than 10 million barrels per day (bpd) – TC Energy, the pipeline’s owner, has now confirmed...
Fatih Birol, Executive Director of the International Energy Agency (IEA), says that his organization expects oil and gas demand to return to “pre-crisis” levels sooner than first anticipated. The IEA’s revelations come not even a month after it said that no new investment is needed in fossil fuel...
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...