OPEC faces an existential threat

The viability of OPEC as an effective organization is now in question

OPEC faces an existential threatGloom continues to cloud crude oil markets. With a COVID-19 vaccine unlikely to ride to the rescue of the global oil market for some time, the combination of weaker demand and rising oil supply provides a difficult backdrop to the meeting of the Organization of Petroleum Exporting Countries (OPEC) and their allies later this month,…

Why oil and gas are fundamental to Canada

The $493 billion in oil and gas revenues paid to governments since 2000 is more than family allowance and children’s benefits since 1970

Why oil and gas are fundamental to CanadaBy Mark Milke and Lennie Kaplan Canadian Energy Centre Humans are wired to respond to stories that paint a relatable picture of an issue at hand. And those stories are easier to remember. If we repeat a Rex Murphy story about how out-of-work cod fishery workers from Newfoundland saved their homes and marriages by moving…

It’s time to invest in Canada’s energy sector

Canada can supply oil and natural gas to world markets for decades, while driving down emissions and bolstering our economic recovery

It’s time to invest in Canada’s energy sectorImagine a global $800-billion natural gas and oil investment market and the opportunity that represents for Canada. Canadians should be very interested in what it would mean for our country’s economic recovery if we market the strengths of our vast natural gas and oil industry, and capture an increasing share of those billions of investment…

Energy use forecasts pivot dramatically

Global energy players and major stakeholders are out with their keenly-awaited and immensely researched outlooks

Energy use forecasts pivot dramaticallyEnergy outlook season is here. And it’s not rosy. Global energy players and major stakeholders are out with their keenly-awaited and immensely researched outlooks. COVID-19 has turned 2020 into an unusual year, carrying long-term ramifications for the energy world. The Paris-based International Energy Agency has termed the pandemic a disruption not seen since the “world…

Trudeau delivers another blow to energy, mining sectors

Plan requiring projects to describe how they will achieve net-zero emissions may not even be feasible

Trudeau delivers another blow to energy, mining sectorsBy Alex Whalen and Elmira Aliakbari The Fraser Institute Newfoundland and Labrador’s energy sector, already struggling from the downturn in world oil markets and the COVID-19 recession, has taken another blow – this time directly from the federal government. The Liberal government of Prime Minister Justin Trudeau recently imposed new rules – known as the…

How oil and gas fuels the nation’s economy

The importance of oil and gas extraction to Canada’s GDP, jobs, incomes or tax revenues can’t be understated

How oil and gas fuels the nation’s economyBy Mark Milke and Lennie Kaplan Canadian Energy Centre No matter how you slice it, Canada’s oil and natural gas sector has been one of the nation’s most significant contributors to jobs, gross domestic product (GDP) and tax revenues over the decades. Even in down years, such as 2016, the oil and gas extraction sector…

More dark days on the horizon for oil industry

More dark days on the horizon for oil industryDesperation is creeping into the crude oil industry. With crude oil prices stuck at around $40 a barrel, S&P Global Ratings has estimated that the total government budgetary deficits of the oil-producing countries of the Co-operation Council for the Arab States of the Gulf could reach $490 billion cumulatively between 2020 and 2023. At the…

Why Canada needs to develop its zinc deposits

Zinc is a critical ingredient in a variety of products, including soap. In the midst of a pandemic, we need to ensure supply

Why Canada needs to develop its zinc depositsZinc is an important ingredient in disinfectants such as soap, so it plays an important role in preventing the spread of COVID-19. As we know, the twin pillars of COVID-19 prevention are social distancing and washing your hands properly. So mining this bluish-white metal is important to Canada’s strategy for addressing the pandemic at home.…
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