Tyranny oil should be treated like blood diamonds

Oil and gas revenues can be used by tyrannies, autocracies and dictatorships to oppress their populations

Tyranny oil should be treated like blood diamondsWhy would consumers treat tyranny oil differently than blood diamonds or clothing made by child labour? One of the more bizarre reactions to bare facts came recently after a colleague and I analyzed oil-and-gas-producing countries and their degree of freedom – the Tyranny Index, as we labelled it. Some argued such tracking is irrelevant because…

Politics helped drive latest Saudi oil production cut

The need to generate cash, along with political pressure, compelled the Saudis to make some bitter decisions

Politics helped drive latest Saudi oil production cutSaudi Arabia has capitulated. A few moves here and there, in Washington and elsewhere, made the trick work. Saudi Arabia made a surprise announcement last week that it would cut its crude oil output by a further one million barrels per day (bpd) from planned June levels, “voluntarily.” This takes the total Saudi production cuts…

Why May, Blanchet are dead wrong about oil’s future

Stores will open again, cars and trucks will begin to run and planes will fly. Our lives will continue – and life takes energy

Why May, Blanchet are dead wrong about oil’s futureFederal Green Party Leader Elizabeth May recently said “oil is dead” and her “heart bleeds for people who believe the sector is going to come back.” It’s foolish to assert “oil is dead” at any time, but it’s particularly ignorant to say it in the midst of an unprecedented global crisis. Canadians are relying on…

Mortgage misery awaits too many Canadian families

At the heart of the COVID-19 crisis sits the Canadian Mortgage and Housing Corp. and its low-income borrowers

Mortgage misery awaits too many Canadian familiesThe shutdowns ordered by Canadian governments to slow the spread of COVID-19 have caused unemployment to leap. And put mortgages in peril. Many of the millions of workers laid off have been low-income and lower-middle-income earners. They’re just the sort of people who qualify for home mortgages insured by the federal Canada Mortgage and Housing…

Exploding myths about energy subsidies in Canada

Despite claims by some that ‘oil is dead’ and that the sector is heavily subsidized, the evidence suggests otherwise

Exploding myths about energy subsidies in CanadaBy Mark Milke and Lennie Kaplan Canadian Energy Centre In the ongoing debate over whether Canada’s oil and natural gas industry will or should survive, one argument often advanced is the notion that oil and gas activity in Canada survives only due to massive subsidies from taxpayers. The debate has been fuelled recently by comments from…

Act now to end Alberta’s economic nightmare

Canada’s recovery will depend on government policies that actively encourage, rather than impede, resource investment

Act now to end Alberta’s economic nightmareAlbertans are living a five-year nightmare that just keeps getting worse. The nightmare started in 2015 when newly-elected Prime Minister Justin Trudeau appointed Gerald Butts, head of the Canadian arm of the anti-fossil-fuel World Wildlife Fund, as his principal secretary and key adviser. A year later, Trudeau cancelled the previously approved Northern Gateway Pipeline destined…

Radical, inhuman ideology endangers oil patch

The authors of a letter to Trudeau say most aid should be expedited but for oil companies, which need to be trapped in a bureaucratic nightmare

Radical, inhuman ideology endangers oil patchWhen professors around the country were busy figuring ways to deliver their classes online, two faculty members at the University of Alberta wrote a letter and enlisted the endorsement of 200-plus of their leisured colleagues at 33 universities in Canada. A crisis must not be wasted. From the privileged positions of publicly-paid jobs, the Alberta…

Energy sector can kick-start Canada’s economy

Energy sector can kick-start Canada’s economyCanada’s energy sector is facing unprecedented challenges as oil demand collapses as a result of the COVID-19 pandemic. The toll is already visible, with layoffs coming at the worst possible time for families, as companies cut spending and put growth plans on hold in order to survive. In this challenging time, anti-oil activists pour gasoline…

Practical ways to tackle our emissions problems

Climate warriors spend a great deal of time condemning current practices without offering realistic solutions

Practical ways to tackle our emissions problemsIn the past several months, we’ve heard dire and angry imprecations and accusations from the new climate crusaders. They demand total obeisance to their escalating demands. Any critics to their approach to catastrophic global warming are denounced as deniers or heretics. A new religious-political-social movement has sprung out of this trend: Extinction Rebellion, with the…

Death of Canada’s oil and gas sector greatly exaggerated

Neither the lockdown not government diktat will end our dependence on fossil fuels for quite some time

Death of Canada’s oil and gas sector greatly exaggeratedBy Mark Milke and Lennie Kaplan Canadian Energy Centre In 1897 while in London in the midst of a worldwide speaking tour, American author Mark Twain became the subject of rumours back home that he was dead. To discover the truth, a reporter from the New York Journal wrote to Twain to ask if he…

A perfect economic storm for Alberta

Province struggles to deal with a devastating drop in oil prices, the impact of COVID-19 and the federal agenda to kill the industry

A perfect economic storm for AlbertaThree concurrent and independent elements are preventing Alberta from realizing the full potential of its energy resources. It’s generally said that good things come in threes. The Latin expression ‘omne trium perfectum’ conveys the idea that things that come in threes are more complete. The expression has an optimistic ring – but not for Alberta’s…

Is Trudeau government abandoning energy sector?

Is Trudeau government abandoning energy sector?By Niels Veldhuis and Elmira Aliakbari The Fraser Institute After weeks of delay, the federal government finally announced its aid package for the energy sector. To say it’s underwhelming would be an understatement. More than anything, the package announced on Friday confirms that the government of Prime Minister Justin Trudeau sees one of Canada’s most…

Is the world’s most powerful economy unravelling?

Oil prices have taken a catastrophic drop. Unemployment numbers are through the roof. Bankruptcies are raising their ugly heads

Is the world’s most powerful economy unravelling?Monday was the equivalent of a major financial nightmare for the U.S. economy. Oil futures for West Texas crude went below zero for the first time in history and finished at US-$37.63 a barrel. Don’t rub your eyes too hard. That’s a minus, not a plus, next to the dollar figure. What does this mean?…
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