Crude oil market remains in flux

Global demand remains a major concern

Crude oil market remains in fluxUncertainty is ruling the energy world. “Crude producers continue to grapple with huge uncertainty about where this goes from here,” Tim Gould, the International Energy Agency (IEA) head of energy supply outlooks and investment, told the press last week. The Organization of Petroleum Exporting Countries (OPEC) agrees. “Uncertainties remain high going forward with the main…

Prairie provinces can thrive with greater Asian trade

With the COVID-19 recession and the expansion of Chinese influence, it’s urgent that Canada take the initiative and position itself in new markets

Prairie provinces can thrive with greater Asian tradeIn November, China and 14 Asia-Pacific countries including Japan and South Korea signed a free-trade deal covering 2.2 billion people and nearly 30 per cent of international trade. This Regional Comprehensive Economic Partnership shows that the Pacific region continues to reinforce its place as the world’s leading trade hub. Canada and, more precisely, the Prairie…

COVID-19 overreaction has pushed us to the tipping point

Our debt is rising and our population growth is slowing. The result will be a massive fiscal burden on taxpayers in decades to come

COVID-19 overreaction has pushed us to the tipping pointCaught between a rock and a hard place. This best sums up the position that Alberta’s United Conservative Party government found itself in as it announced new, stricter lockdown measures for Christmas. The government is attempting to bend the rising curve of COVID-19 infections. Premier Jason Kenney and his most trusted ministers lined up to…

Oil and gas exports critical to Canada’s economic future

It is a mistake to think Canada can thrive without the export wealth generated by the energy sector

Oil and gas exports critical to Canada’s economic futureBy Mark Milke and Lennie Kaplan Canadian Energy Centre You may have heard the persistent worldwide narrative that oil and natural gas are dead, or soon will be, and can easily be replaced with other forms of energy. The latter claim is simply false. Read the work of energy transition expert Vaclav Smil, professor of…

Saudis sacrifice to broker oil production cuts

Until recently, the nation has insisted it wouldn’t unilaterally cut output until others agreed to contribute. All that has changed

Saudis sacrifice to broker oil production cutsSaudi Arabia is back in its role as the swing crude oil producer of the world. Until recently, the nation has insisted it wouldn’t unilaterally cut output until others, including Russia, agreed to contribute. But all this changed – almost overnight. On Jan. 4, while the ministers from Organization of Petroleum Exporting Countries and its…

Remembering the lives lost on Flight PS752

On the anniversary of the tragedy, the University of Alberta remembers the colleagues and friends who were lost

Remembering the lives lost on Flight PS752Russ Greiner’s artificial intelligence lab is made up of 15 or so grad students, post-docs and others who hold cheerful, heartfelt meetings, and why wouldn’t they? It’s a cohesive group made up of more friends than colleagues. And the one person most responsible for that cohesion during the 2019 iteration of the team was master’s…

Alberts needs to reverse its income tax hike

Alberts needs to reverse its income tax hikeThe last thing Albertans need right now is a provincial government reaching further into our pockets with higher income taxes. But higher income taxes are exactly what Albertans are getting in 2021, courtesy of Premier Jason Kenney’s sneaky backdoor tax grab known as bracket creep. Bracket creep happens when governments stop indexing tax brackets with…

Thankfully 2020 is over, but we’re not out of the woods yet

There's that little matter of actually rolling out the vaccines on a much wider scale in Canada

Thankfully 2020 is over, but we’re not out of the woods yetSad to see 2020 go? You’re in the minority … of one. Everyone else was quite ecstatic to roll out the welcome mat for 2021. The biggest issue we faced in 2020 was obviously the coronavirus pandemic. More than 85 million people have tested positive for COVID-19 worldwide, leading to nearly 1.85 million deaths as…

Oil markets still face uncertain future

Even if the vaccines remain effective against the new COVID-19 mutants, a true crude oil market rebound is still a long shot

Oil markets still face uncertain futureStrong headwinds continue to disrupt crude oil markets in the new year. In 2020, COVID-19 triggered demand destruction, with some insisting that global oil demand may have already peaked. Lifestyles changed – apparently forever. Working from home became the new norm, commuting to the workplace became extinct and flying became less prevalent. All these factors…
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