Declining Chinese demand, a rising rig count in the United States and a devastating resurgence of COVID-19 in Asia all play a role
It has been a fluctuating week for the oil markets. In the immediate aftermath of the agreement within the Organization of Petroleum Exporting Countries and their allies in OPEC+, crude prices fell by a devastating seven per cent on July 19. However, with signs of demand holding despite the spread of the Delta COVID-19 variant,…
Ignoring its potential would be a missed opportunity
In 1950, Canada faced a difficult choice between the desire to be a leader in the development of nuclear energy technology and the fear that such technology would bring the end of the world a little closer. Despite concerns related to the bombing of Hiroshima and Nagasaki, Canada elected to be in the vanguard. As…
All eyes are focused on Saudi Arabia. Will it continue to single-handedly maintain stability in the markets?
Uncertainty has overtaken the crude oil markets again for several reasons. Since March, crude oil markets have mostly been ascending. But prices declined last week by a greater margin than any time in the last four-plus months. And the resurgence of COVID-19 in many parts of the world is clouding the near-term future of oil.…
Nokomis Craft Ales is putting Nokomis, Sask. on the map – defying conventional thinking that only the big city yields success
Troy Media publisher Doug Firby and Travel editor Lisa Monforton are part of a group of Canadians who call themselves ConnecTour. Starting in May in British Columbia and ending in October in Newfoundland, they hope to make an 8,000-km bicycle journey across the country, discovering how the COVID-19 pandemic has reshaped our lives and our…
Centerra is being held hostage by Kyrgyzstan but, fortunately, it is no longer part of a Crown corporation so taxpayers aren't on the hook
Centerra, a mid-size Canadian gold-mining company, is engaged in a legal and political dispute with the government of Kyrgyzstan, a former Soviet republic in Central Asia with a chronically unstable and fractious political class and culture. Its main asset, the Kumtor mine, is in that troubled land and the source of roughly half of its…
‘I threw down my bike and ran over to her. She was lying still on the pavement, entangled in her bike'
Troy Media publisher Doug Firby and Travel editor Lisa Monforton are part of a group of Canadians who call themselves ConnecTour. Starting in May in British Columbia and ending in October in Newfoundland, they hope to make an 8,000-km bicycle journey across the country, discovering how the COVID-19 pandemic has reshaped our lives and our…
Sandra, 69, continues to run the antique store even though she lost her beloved husband Rich three years ago
Troy Media publisher Doug Firby and Travel editor Lisa Monforton are part of a group of Canadians who call themselves ConnecTour. tarting in May in British Columbia and ending in October in Newfoundland, they hope to make an 8,000-km bicycle journey across the country, discovering how the COVID-19 pandemic has reshaped our lives and our…
Discovery means the nationally threatened Gibson’s big sand tiger beetle is more at risk than previously thought
An undergraduate research study has found that a threatened type of beetle found in Saskatchewan and Colorado is, in fact, made up of two genetically distinct subspecies. The discovery has important implications for conservation efforts for the insects and shows that both populations of Gibson’s big sand tiger beetle are more threatened than previously thought.…
Vacuous electoral promises and virtue-signalling schemes won’t deliver the outcomes Indigenous Canadians need
Canada has consistently failed to make progress commensurate with the many lofty pronouncements and expectations on the Indigenous file. It’s a national shame that most Indigenous Canadians on reservations live far below acceptable socio-economic standards. Money isn’t the problem. By 2022, the federal budget allocations to Indigenous will have doubled since 2016 to nearly $25…
But much still depends on United States-Iran nuclear talks and how OPEC+ members will react to any deal
Crude oil markets are hot. Prices are up and the US$75 line has been breached. Chatter about oil touching US$100 is getting loud and clear. Global oil consumption is getting closer to the pre-pandemic levels. The bleak clouds hanging over the crude oil horizon are beginning to dissipate. Industry eyes are again on the Organization…
It’s time provincial premiers return to evidence-based policy and govern in alignment with our constitutional freedoms
Saskatchewan Premier Scott Moe recently urged his citizens to get vaccinated in a three-minute plea filled with dubious claims and faulty logic. It’s irksome that any executive assistant or speechwriter got paid to compose such nonsense. Moe said: “Those who have chosen to not get vaccinated, you will continue to be at risk of not…
An economic burden for future generations
The debt in Canada’s Prairie provinces has grown colossally during the COVID-19 pandemic, just as debt has in the rest of Canada and around the world. At the end of 2020, Alberta’s debt was estimated at $98 billion, Manitoba’s was $28.6 billion and Saskatchewan’s was $15 billion. These debts are an economic burden for the taxpayers…
US$100 oil is a distinct possibility
The world needs more oil. The Organization of Petroleum Exporting Countries (OPEC), Russia and American shale oil producers all need to up their output to keep the rising prices of the “super cycle,” as Saudi Energy Minister Prince Abdulaziz bin Salman called it, under control. Media reports say Prince Abdulaziz bin Salman told the Robin…
The IEA concedes rising oil demand at odds with its call to end new oil, gas and coal funding
The International Energy Agency (IEA) is torn between two conflicting ends. On one hand, it’s grappling with climate change issues; on the other, it sees rising oil prices. For now, the two ends seem to be running parallel but not converging. Oil demand is rising fast, as are prices, reaching multi-year highs on Friday. Brent…
IEA wants all investments in new developments to stop. Others warn that could lead to $200 a barrel oil
The Organization of Petroleum Exporting Countries and their allies in OPEC+ are on a collision course with energy watchdog International Energy Agency (IEA) on at least two counts. Last month, the Paris-based IEA delivered the starkest warning yet on fossil fuels, saying the exploitation and development of new oil and gas fields must stop this…