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Alberta’s Problem Isn’t Pipelines; It’s Bad Policy Decisions

December 5, 2018

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 […]

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IT BEGINS… Rapidly Falling Oil Prices First Guts Tar Sands, Then Shale Oil

December 4, 2018

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 […]

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Why Is Canadian Crude Selling For $20?

October 24, 2018

Why Is Canadian Crude Selling For $20? Oil prices in Canada plunged late last month, with the losses continuing throughout much of October. Canadian oil producers exposed to the low prices are now fetching around $40 to 50 per barrel less than their counterparts in the United States. Western Canada Select (WCS), which tracks heavy […]

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Canadian Shale Is Hitting The Wall

September 24, 2018

Canadian Shale Is Hitting The Wall Plunging Canadian prices have been depressing oil producers’ realized prices and revenues, even though the U.S. benchmark and the international Brent Crude prices have rallied year to date. But it’s not only oil sands producers that have been coping with wide price differentials between Canadian crude oil prices and […]

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

August 6, 2018

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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Olduvai II: Exodus
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