Tyranny oil should be treated like blood diamonds

Oil and gas revenues can be used by tyrannies, autocracies and dictatorships to oppress their populations

Tyranny oil should be treated like blood diamondsWhy would consumers treat tyranny oil differently than blood diamonds or clothing made by child labour? One of the more bizarre reactions to bare facts came recently after a colleague and I analyzed oil-and-gas-producing countries and their degree of freedom – the Tyranny Index, as we labelled it. Some argued such tracking is irrelevant because…

Politics helped drive latest Saudi oil production cut

The need to generate cash, along with political pressure, compelled the Saudis to make some bitter decisions

Politics helped drive latest Saudi oil production cutSaudi Arabia has capitulated. A few moves here and there, in Washington and elsewhere, made the trick work. Saudi Arabia made a surprise announcement last week that it would cut its crude oil output by a further one million barrels per day (bpd) from planned June levels, “voluntarily.” This takes the total Saudi production cuts…

Ottawa’s carbon tax hike out of step with global reality

Ottawa’s carbon tax hike out of step with global realityBy Aaron Wudrick and Franco Terrazzano Canadian Taxpayers Federation Prime Minister Justin Trudeau has chosen to make life more expensive for Canadians by increasing the federal carbon tax by 50 per cent amidst the COVID-19 economic and health crisis. Meanwhile, governments around the world are moving in the opposite direction because hiking taxes during a…

Exploding myths about energy subsidies in Canada

Despite claims by some that ‘oil is dead’ and that the sector is heavily subsidized, the evidence suggests otherwise

Exploding myths about energy subsidies in CanadaBy Mark Milke and Lennie Kaplan Canadian Energy Centre In the ongoing debate over whether Canada’s oil and natural gas industry will or should survive, one argument often advanced is the notion that oil and gas activity in Canada survives only due to massive subsidies from taxpayers. The debate has been fuelled recently by comments from…

Energy sector can kick-start Canada’s economy

Energy sector can kick-start Canada’s economyCanada’s energy sector is facing unprecedented challenges as oil demand collapses as a result of the COVID-19 pandemic. The toll is already visible, with layoffs coming at the worst possible time for families, as companies cut spending and put growth plans on hold in order to survive. In this challenging time, anti-oil activists pour gasoline…

Baby steps toward restarting our economy

Austria, Denmark and Germany have begun to unfreeze sectors. And Saskatchewan has laid out a cautious four-phase approach

Baby steps toward restarting our economyBy Jock Finlayson and Denise Mullen Business Council of British Columbia The Great Suppression, the widespread shutdown of most non-essential economic and social activity across much of the world, is both a lived experience and experiment like few others in human history. There have been three other worldwide pandemics in the 20th century – 1918…

Death of Canada’s oil and gas sector greatly exaggerated

Neither the lockdown not government diktat will end our dependence on fossil fuels for quite some time

Death of Canada’s oil and gas sector greatly exaggeratedBy Mark Milke and Lennie Kaplan Canadian Energy Centre In 1897 while in London in the midst of a worldwide speaking tour, American author Mark Twain became the subject of rumours back home that he was dead. To discover the truth, a reporter from the New York Journal wrote to Twain to ask if he…

Oil production cut numbers don’t add up

As the cost of pumping crude exceeds the selling price in most cases, production in many oil-producing countries is already taking a hit

Oil production cut numbers don’t add upThe math is fuzzy. When the agreement to cut crude oil output by 9.7 million barrels per day (bpd) was announced, U.S President Donald Trump, who played a dominant role in getting the agreement, went further. “Having been involved in the negotiations, to put it mildly, the number that OPEC-plus is looking to cut is…
1 2 3 6