Government support for six new tar sands/oil sands pipelines and four major liquefied natural gas (LNG) projects, along with assorted tax cuts and regulatory breaks, led the wish list the Canadian Association of Petroleum Producers (CAPP) released Tuesday in advance of the provincial election coming up in Alberta this spring.
Prime Minister Justin Trudeau is relying on an aggressive and outdated Western Canadian crude oil supply outlook to re-approve Trans Mountain’s expansion. Trudeau’s outlook seriously contradicts the supply forecast oilsands producers support as commercially viable.
[Website editor's note - Another face of climate change denialism: Blame Americans...]
Canada’s debilitating inability to gain fair market value for its largest export commodity – crude oil – has become the top economic story of 2018. It will likely dominate headlines in 2019.
Dec 26, 2018 - We are being inundated with discount frenzy and it’s not just annoying, it could be life-threatening.
I’m not talking about the onslaught of huckster ads encouraging us to buy, buy, buy on Black Friday, or even today, Boxing Day. No, the truly crazy-making discount frenzy is the barrage of half-truths, misinformation and outright lies blaming Alberta’s woes on the so-called discount on Canadian oil. That’s some serious snake oil (aka propaganda) that is sabotaging our chance to keep the world habitable for our children.
OTTAWA/VANCOUVER — Canada’s federal government is considering a proposal from its main oil producing province of Alberta to share the cost of buying rail cars to move oil stuck in the region because of a lack of pipeline capacity, said two sources with direct knowledge of the matter.
Nov 8, 2018 - This report analyzes the economics of the five largest bitumen-extractive corporations in Canada. The “Big Five” are Suncor Energy, Canadian Natural Resources Limited (CNRL), Cenovus Energy, Imperial Oil, and Husky Energy. We examine the key features of the five firms and analyze their accumulation dynamics in the context of the latest commodity cycle: boom (2004–2014), bust (2014–2016), and restructuring and consolidation (2015 onward).
The Alberta Energy Regulator is apologizing for a “staggering” presentation, made last February by one of its highest-ranking officials, warning the province’s oilpatch that it could be sitting on an estimated $260 billion in financial liabilities.
