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Our Oil Predicament Explained: Heavy Oil and the Diesel Fuel it Provides Are Key

Our Oil Predicament Explained: Heavy Oil and the Diesel Fuel it Provides Are Key It has recently become clear to me that heavy oil, which is needed to produce diesel and jet fuel, plays a far more significant role in the world economy than most people understand. We need heavy oil that can be extracted, […]

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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 […]

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Canada’s Biggest Producer Cuts Drilling As Heavy Oil Price Tumbles

Canada’s Biggest Producer Cuts Drilling As Heavy Oil Price Tumbles Canada Natural Resources, the largest producer, is allocating capital to lighter oil drilling and is curtailing heavy oil production as the price of Canadian heavy oil tumbled to a nearly five-year-low relative to the U.S. benchmark price. Due to the transportation bottlenecks, the discount at […]

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Olduvai IV: Courage
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