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The Scourge of the American Petroleum Tankers That Prowl the British Columbia Coast
The Scourge of the American Petroleum Tankers That Prowl the British Columbia Coast November 26 marked a dreadful anniversary for the tanker-bedraggled British Columbia coast. One year ago in Hecate Strait, the American ATB “pusher tug” Jake Shearer broke apart from its fully loaded 10,000 deadweight-ton capacity petroleum barge and came within a stone’s throw […]
Central Banks Looking at Creating Their Own Cryptocurrencies
Central Banks Looking at Creating Their Own Cryptocurrencies The IMF has recommended that all Central banks should issue their own cryptocurrencies. Indeed, they are looking at using Block Chain to keep track of taxes and to enforce negative interest rates with cryptocurrencies which would allow them to impose negative interest rates whenever necessary. With adopting cryptocurrencies that governments would […]
TAR SANDS OPERATIONS GO FROM BAD TO WORSE: Now Losing Billions A Month
TAR SANDS OPERATIONS GO FROM BAD TO WORSE: Now Losing Billions A Month The situation at Canada’s Alberta Tar Sands Operations has gone from bad to worse as the super-low oil price is now costing the industry billions of dollars each month. Unbelievably, the price for the Western Canadian Select heavy oil fell to a […]
Canadian Oil Producers Divided On Output Cuts
Canadian Oil Producers Divided On Output Cuts Crude oil producers in Alberta appear to be split on a proposed cut in production amid record-low prices, Canadian media report. One of the large Canadian oil producers, Cenovus Energy, is calling upon the government of Alberta to mandate temporary production cuts at all drillers in a bid […]
Canada’s Crude Crisis Is Accelerating
Canada’s Crude Crisis Is Accelerating Canadian oil producers are in an increasingly tough predicament. With high and increasing oil demand around the globe over the last year, Canadian oil production has increased accordingly. All of this is simple and predictable economics, but now Canadian oil has hit a massive roadblock. Producers have the supply, and […]
Real Canadian Mortgage Credit Growth Is Pointing To An Early 80s Style Meltdown
Real Canadian Mortgage Credit Growth Is Pointing To An Early 80s Style Meltdown Canadian mortgage credit growth is falling, but how bad is it in real terms? People are comparing today’s low growth numbers to the mid-1990s. While there are some parallels, it more accurately resembles the early 1980s. Mortgage credit growth, when adjusted for […]
Canadian Oil Producer Calls For Production Cap Amid Record Low Prices
Canadian Oil Producer Calls For Production Cap Amid Record Low Prices One of the large Canadian oil producers, Cenovus Energy, is calling upon the government of Alberta to mandate temporary production cuts at all drillers in a bid to ease Canadian bottlenecks that have resulted in Canada’s heavy oil prices tumbling to a record-low discount […]
Home Affordability: Canada vs. US
Home Affordability: Canada vs. US Homes are unaffordable in the US, but the situation is far worse in Canada. Point2homes has an interesting set of charts on Home Affordability In Canada vs the US. Key Findings The average Canadian has to dish out a whopping 56% more to buy a home, or 25% more to […]
Anatomy of the Housing Downturn in Vancouver, Canada
Anatomy of the Housing Downturn in Vancouver, Canada It’s not pretty. In 2018, “each month has brought weaker than normal sales, rising inventory, and continued downward pressure on prices” in Vancouver, British Columbia, writes Steve Saretsky, a Vancouver Realtor and publisher of real-estate blog, Vancity Condo Guide. The market faces another headwind: “With the Bank […]
In Major Defeat For Trump, Judge Blocks Construction Of Keystone XL Pipeline
In Major Defeat For Trump, Judge Blocks Construction Of Keystone XL Pipeline In a setback for the Trump administration, a federal judge in Montana temporarily halted construction of the Keystone XL oil pipeline late on Thursday on the grounds that the U.S. government did not complete a full analysis of the environmental impact of the […]
The Global Economy and Political Murder: Why Trudeau Won’t Stop Arms Sales to Saudis
The Global Economy and Political Murder: Why Trudeau Won’t Stop Arms Sales to Saudis Photo Source 2017 Canada Summer Games | CC BY 2.0 Almost 5,000 miles from the city in which his corpse was secretly buried – in one piece or in bits – by his Saudi killers, Jamal Khashoggi’s murder now rattles the […]
Oil, Gas Drilling In Canada Set For A Decline
Oil, Gas Drilling In Canada Set For A Decline Drilling for oil and gas in Canada will likely decline by 5 percent in 2019, the Petroleum Services Association of Canada has forecast, blaming pipeline capacity shortages and the resultant discount in Canadian heavy to the West Texas Intermediate benchmark for the outlook. The PSAC said […]
World’s Cheapest Natural Gas Market Could Be Facing A Shortage
World’s Cheapest Natural Gas Market Could Be Facing A Shortage A natural gas shortage in Canada is expected to last through the winter months, forcing gas users ranging from industrial forces to local governments to seek alternative fuel sources and strategies for slashing consumption and conserving the gas they have. The shortage stems from this […]
Canada Lacks A Successful Energy Strategy
Canada Lacks A Successful Energy Strategy “Canada has no energy plan beyond pedal-to-the-metal export of its non-renewable energy assets.” That’s the bottom line of a recent opinion piece in Calgary Herald by David Hughes, an earth scientist and research associate with the Canadian Centre for Policy Alternatives. Canada needs a long-term energy plan to wean […]
