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More Frack Quakes Rattle Alberta, Cause Deaths in China
More Frack Quakes Rattle Alberta, Cause Deaths in China Regulator shuts down operations near Red Deer. Thousands protest in Sichuan. On Monday Albertans living around the oil-service city of Red Deer, got an early morning wake-up call – a 4.6 earthquake. Vesta Energy, a privately owned oil and gas company, halted its fracking operations west […]
Another Oil Train Crashes as Alberta Government Gets Into Oil-by-Rail Business
Another Oil Train Crashes as Alberta Government Gets Into Oil-by-Rail Business The government of Alberta, Canada, the heart of tar sands country, recently announced plans to get into the oil-by-rail business. Attempting to work around a lack of pipelines, the provincial government intends to spend $3.7 billion to lease 4,400 oil tank cars and locomotives to export more Canadian tar […]
Alberta’s Mega Oil and Gas Liability Crisis, Explained
Alberta’s Mega Oil and Gas Liability Crisis, Explained A Supreme Court ruling now forces firms to clean up abandoned wells before paying creditors. That doesn’t solve much. Just how will an increasingly indebted industry, hobbled by low energy prices and rising costs, find the up to $260 billion needed to clean up its inactive pipelines, wells, plants […]
Alberta Is Playing a Dangerous Game with Pipeline Ad Campaign
Alberta Is Playing a Dangerous Game with Pipeline Ad Campaign The anti-BC PR blitz fuels the anger of right-wing groups like the ‘yellow vests.’ A Tyee investigation revealed the expensive details of Alberta Premier Rachel Notley’s national public relations effort to scapegoat British Columbia, including dubious claims of pipeline benefits translated into Spanish, Mandarin, Cantonese, Filipino and […]
Alberta Has Spent $23 Million Calling BC an Enemy of Canada
Alberta Has Spent $23 Million Calling BC an Enemy of Canada Tyee FOI reveals pro-pipeline PR strategy, spiraling costs. Billboard on a Kelowna roadway, paid for by Albertans as part of a national campaign with the underlying theme: ‘This is not B.C. vs. Alberta, this is B.C. vs. Canada.’ Source: KeepCanadaWorking website. The Alberta government […]
There’s No Sugarcoating Canada’s Oil Crisis
There’s No Sugarcoating Canada’s Oil Crisis Has financial disaster been averted in Canada’s oil and gas industry? ‘Disaster’ is all relative. Let’s just say 2019 is going to be a difficult year following a tough set of recent circumstances. One thing we know is that the recent episode of bargain-basement commodity prices—triggered by a regional […]
Canada’s Crude Oil Production Cuts Are Unsustainable
Canada’s Crude Oil Production Cuts Are Unsustainable In an attempt to combat a ballooning oil glut and dramatically plummeting prices, the premier of Alberta Rachel Notley introduced an unprecedented measure at the beginning of December when she is mandating that oil companies in her province cut production. This directive was particularly surprising in the context […]
Another Crucial Canadian Pipeline Runs Into Trouble
Another Crucial Canadian Pipeline Runs Into Trouble Late last year, Royal Dutch Shell gave the greenlight to a massive LNG export terminal on Canada’s Pacific Coast, one of the largest investments in LNG in years. But like other fossil fuel projects in Canada, the plans have run into some trouble. Shell’s LNG Canada project hinges […]
Oil’s Wild Price Swings Set to Create Global Chaos
Oil’s Wild Price Swings Set to Create Global Chaos Volatility is here to stay — and the political and economic implications will touch us all. Oil once gushed from the ground for drillers, like these workers in Port Arthur, Texas, in 1901. Now costly fracking and oilsands mining produces lower-quality oil at far higher costs. […]
Canada’s Forgotten Man: Energy Workers
Canada’s Forgotten Man: Energy Workers All over the world, the forgotten man is rising up, reminding the ruling elite of his existence. Fed up with leaders catering to the whims of 0.05% of society, or instituting policies that impact their pocketbooks, the working folks of America, Italy, Brazil, and France are making sure their voices […]
Canada’s Natural Gas Crisis Is Being Ignored
Canada’s Natural Gas Crisis Is Being Ignored “Alberta and its natural gas producers face a daunting crisis,” Alberta’s Natural Gas Advisory Panel said in a report in December, highlighting the challenges that natural gas producers in Alberta face in market access and pricing for their commodity. Industry officials and analysts say that the situation with […]
Alberta’s Problem Isn’t Pipelines; It’s Bad Policy Decisions
Alberta’s Problem Isn’t Pipelines; It’s Bad Policy Decisions Bitumen prices are low because the province has ignored at least a decade of warnings. In 2007, an Alberta government warned that bitumen prices could eventually fall so low that the government’s royalty revenues — critical for its budget — would be at risk. Photo via Government […]
Is This The Next Disaster For Canadian Drillers?
Is This The Next Disaster For Canadian Drillers? The government of Alberta this week took an unprecedented decision to enforce a crude oil production cut so excess inventories could be shrunk and the price of western Canadian grades could improve, but the industry’s problems are far from over. They will be among the hardest hit […]
IT BEGINS… Rapidly Falling Oil Prices First Guts Tar Sands, Then Shale Oil
IT BEGINS… Rapidly Falling Oil Prices First Guts Tar Sands, Then Shale Oil The rapidly falling oil prices have finally claimed the first victim, but it won’t be the last. The Alberta Canadian government announced late yesterday for a substantial cut in tar sands oil production to stem the hemorrhaging low oil price. The price paid […]
Alberta Intervenes To Halt Canada’s Oil Crisis
Alberta Intervenes To Halt Canada’s Oil Crisis Oil prices rose on Monday, buoyed by coordinated production cuts – cuts that did not come from Vienna (although that too could occur later this week). Instead, the mandatory reductions were handed down by the provincial government of Alberta. “Perhaps OPEC should therefore consider inviting Canada to its […]
