Canada missing out on $1.2-trillion EU natural gas market

According to Natural Resources Canada, at the end of 2018 Canada had 73 trillion cubic feet (tcf) of proven natural gas reserves

Canada missing out on $1.2-trillion EU natural gas marketBy Mark Milke and Lennie Kaplan Canadian Energy Centre In 2009, the eastern European country of Ukraine endured a twin lesson in geopolitics and energy security: Russia cut off its natural gas supply in mid-winter. Russia’s public reason was that it was engaged in a pricing dispute with Ukraine. In reality, it was an attempt…

Cross-country cyclists welcomed by St. John’s deputy mayor

ConnecTour cross-country cyclists finally reach their destination

Cross-country cyclists welcomed by St. John’s deputy mayorTroy Media publisher Doug Firby is part of a group of Canadians who call themselves ConnecTour. Starting last 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 sense of community. Watch for their…

War, tragedy, and a Broadway hit all part of Gander’s celebrated past

From the Second World War to 9/11, Gander has a lot to be proud of

War, tragedy, and a Broadway hit all part of Gander’s celebrated pastTroy Media publisher Doug Firby is part of a group of Canadians who call themselves ConnecTour. Starting last 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 sense of community. Watch for their…

Protecting the most vulnerable from the coming energy crisis

We're deluded if we believe that the consequences will only be borne by workers in the oil and gas sector

Protecting the most vulnerable from the coming energy crisisShortly before the election was called, the federal government launched an engagement process to determine how Canadians want to implement a 'Just Transition' to a net-zero carbon economy. To the government, this means developing supports for the oil and gas workers whose livelihoods are being impacted by domestic climate policies. A 'Just Transition Advisory Body'…

Crude oil prices are soaring as production slows

A global energy crunch could help propel prices above US$100 a barrel

Crude oil prices are soaring as production slowsAll eyes are focused on the Organization of Petroleum Exporting Countries and its allies in OPEC+ as they meet today. With crude oil prices touching US$80 a barrel and prospects of hitting US$100 this winter looming large, markets are on edge. The market trajectory is virtually impossible to delineate. A global energy crunch could help…

Proud captain sails to Canada’s other ‘distinct society’: Newfoundland

Capt. Stan Peet says while Newfoundland is definitely a part of Canada, it is a very distinct society

Proud captain sails to Canada’s other ‘distinct society’: NewfoundlandCapt. Stan Peet is the only of five siblings not born on Newfoundland. His father was serving in the military when his youngest son was born in Nova Scotia’s Annapolis Valley. Yet, he considers himself a true Newfoundlander. Canada’s most eastern province, he says, is every bit as much a distinct society as Quebec. Isolated…

China, United States move to stabilize crude oil markets

If OPEC forecast turns out to be correct, oil prices could go much higher

China, United States move to stabilize crude oil marketsA strong message is being sent to major global oil capitals: it’s time to cool down the markets. By urging the Organization of Petroleum Exporting Countries and their allies in OPEC+ to open taps – and endeavouring to impact the markets by selling crude oil from strategic reserves – the world’s major oil consumers are…

Oil and gas taxes play significant role in Canadian social programs

If the sector disappeared, taxes would have to be increased substantially to provide us with the services we have come to expect

Oil and gas taxes play significant role in Canadian social programsBy Mark Milke and Lennie Kaplan Canadian Energy Centre Between 1969 and 2019, Canadian parents received $499 billion in family allowance payments and children’s benefits from the federal government. That 50-year cost was matched by $505 billion in revenues to governments from the oil and gas sector – except that such taxpayer cash was collected…

Blowing in a fierce wind: Why crude oil prices are declining

Non-fundamental factors appear to be controlling crude oil market patterns

Blowing in a fierce wind: Why crude oil prices are decliningA number of major events weighed on global oil markets throughout last week. Those factors included: Hurricane Ida; the United States Federal Reserve delaying the tapering off of its economic stimulus; the decision of the Organization of the Petroleum Exporting Countries and its allies in OPEC+ to stick to their original output increments; the rising…
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