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Canada needs to confront its oilsands ‘challenge,’ German ambassador says
Canada needs to confront its oilsands ‘challenge,’ German ambassador says Observers say Canada and Japan are attempting to block ‘decarbonization’ pledge from G7 declaration Germany’s ambassador to Canada says Ottawa’s new targets to cut carbon pollution mean it will have to tackle the problem of the oilsands. In an interview with CBC News, Ambassador Werner […]
Oil-price drop impact on Canada lessened thanks to foreign ownership
Oil-price drop impact on Canada lessened thanks to foreign ownership Finance department memo says foreign ownership of energy sector higher than reported by StatsCan Canada has been partly insulated from the sharp drop in oil prices because so much of the energy sector is foreign owned, says an internal Finance Canada document. The Feb. 20 […]
We May Not See Arctic Oil For Decades
We May Not See Arctic Oil For Decades Shell’s Arctic campaign this year will be pivotal. If the company cannot find large reserves of oil, it will likely set back Arctic oil development for a generation. The Financial Times reported that Royal Dutch Shell will not see Arctic oil come online anytime soon, even in the best […]
Drilling Efficiency To Keep Oil Prices Low
Drilling Efficiency To Keep Oil Prices Low Economics 101 tells us that prices in a free market are set by the interaction of supply and demand. The world oil markets have gotten a graphic lesson in that truth over the last year, as the dramatic surge in US oil production has met stagnant demand. This, […]
What Does Exxon Know That We Don’t?
What Does Exxon Know That We Don’t? Forecasts from the IEA and Goldman Sachs this week are trying to say that crude barrels are still overpriced – but the market isn’t listening. I’ve been convinced that crude prices above $60 are counterproductive as Goldman said in their recent note – but other factors are continuing […]
Fight Over Shell’s Arctic Drilling Escalates As Polar Pioneer Arrives and #ShellNo “Paddle in Seattle” Begins
Fight Over Shell’s Arctic Drilling Escalates As Polar Pioneer Arrives and #ShellNo “Paddle in Seattle” Begins Check back often as I’ll be updating this post throughout the day with photos and updates. Here we go. Shell’s Polar Pioneer drilling rig is making its way through Puget Sound and will arrive later this afternoon at Terminal […]
The US-Saudi war with OPEC to prolong oil’s dying empire
The US-Saudi war with OPEC to prolong oil’s dying empire Whoever controls the price of oil can play god with the global economy – that’s why the US and Saudi Arabia are leading the way to smash OPEC and re-create a new global oil cartel “No one can set the price of oil,” said Saudi oil minister […]
Oil Price Recovery May Be Too Much Too Soon
Oil Price Recovery May Be Too Much Too Soon Oil prices have hit their highest levels in 2015, with WTI surging above $60 per barrel. Crude oil inventories in the U.S. declined for the first time since December 2014, perhaps indicating that the glut could be easing. The EIA reported that oil stockpiles fell by 3.9 million […]
Oil Sector May Not Cause Financial Apocalypse After All
Oil Sector May Not Cause Financial Apocalypse After All Across the oil patch, banks are starting to close off their exposure to some of the riskiest oil drillers. A new monthly survey from the Federal Reserve finds that banks that have issued loans to oil drillers are projecting some of them to go bad. Over the course […]
Why the World’s Appetite for Oil Will Peak Soon
Why the World’s Appetite for Oil Will Peak Soon The conventional wisdom about steadily rising demand is wrong. Within two decades, global oil use will start to fall. When it comes to oil demand, the conventional wisdom is clear: Population growth and a rising global middle class guarantee that demand—and prices—will rise over the coming […]
Oil rally makes loonie world’s strongest currency this quarter, BMO says
Oil rally makes loonie world’s strongest currency this quarter, BMO says Canadian dollar over 83 cents US Tuesday, up from 78 cents 6 weeks ago After cratering along with the price of oil in January, the Canadian dollar has quietly been mounting a rally and is now the world’s best-performing major currency in the past […]
Changes to Total Global Credit Affects The Oil Price
Changes to Total Global Credit Affects The Oil Price In some posts on Fractional Flow I have presented some of my explorations of any relations between the oil price, changes to global total credit/debt and interest rates. My objective has been to gain and share some of my insights of how I see the economic undertows […]
How Much Would Zero Emissions Cost?
How Much Would Zero Emissions Cost? In 2014 global carbon emissions totaled 32 gigatonnes (Gt). If you’re counting, that’s roughly 32 Gt too many. Yes, zero, near-zero, or net-zero is what we want, and soon is when we need it. Failure to achieve such goals by the end of the century will irreparably damage our planet and […]
New Oil-By-Rail Regulations Are Big Win for Oil and Rail Industries, Won’t Stop “Bomb Trains”
New Oil-By-Rail Regulations Are Big Win for Oil and Rail Industries, Won’t Stop “Bomb Trains” The long-awaited oil-by-rail regulations released today are basically a guidebook for the oil and rail industries to continue doing business as usual when it comes to moving explosive Bakken crude oil by rail. DeSmog recently reported on how the Obama administration has worked behind the […]
Emails: How State Department Secretly Approved Expanding Piece of Enbridge’s “Keystone XL Clone”
Emails: How State Department Secretly Approved Expanding Piece of Enbridge’s “Keystone XL Clone” DeSmogBlog has obtained dozens of emails that lend an inside view of how the U.S. State Department secretly handed Enbridge a permit to expand the capacity of its U.S.-Canada border-crossing Alberta Clipper pipeline, which carries tar sands diluted bitumen (“dilbit”) from Alberta to midwest markets. The State Department submitted the emails […]
