Archive for May, 2017

Shale natural gas setting stage for rebirth of Appalachian manufacturing

Shale natural gas setting stage for rebirth of Appalachian manufacturing

Currently a serious shortage of infrastructure needed to fully capitalize on NGLs in Appalachian region By Jackie Stewart, EnergyInDepth When it comes to shale development and manufacturing, Republicans and Democrats continue to see eye-to-eye and are rooting for a manufacturing rebirth — particularly in Ohio, West Virginia, Pennsylvania and Kentucky. And according to a new […]

Decarbonizing Canadian economy by 2050 a foolish academic exercise

Decarbonizing Canadian economy by 2050 a foolish academic exercise

Re-Energizing Canada: Pathways to a Low-Carbon Future proposes aggressive govt intervention to support decarbonization Did your mother ever remind you that “the Devil is in the details”? Someone’s mother should recall that aphorism for the 80-plus Canadian academics who recently released a new study calling for complete decarbonization of the national economy by 2050. The reason decarbonization […]

British Columbia LNG falling further and further behind USA in race to Asia

British Columbia LNG falling further and further behind USA in race to Asia

Economist Michal C. Moore says Canada must overcome huge internal challenges before competing against American LNG in China American President Donald Trump recently completed a charm tour of China that included the Chinese signing long-term liquified natural gas contracts, a prerequisite for industry expansion. Meanwhile, British Columbia twiddles its thumbs waiting for LNG plant investment decisions. […]

Oil prices pare losses, but end week lower on OPEC cuts disappointment

Oil prices pare losses, but end week lower on OPEC cuts disappointment

Oil prices up over 1 per cent Friday Oil prices rose over 1 per cent on Friday, but Brent crude ended the week down almost 3 per cent lower after investors were disappointed the OPEC supply cut reduction did not cut deeper. Trading was light on Friday after the Thursday sell-off and ahead of long […]

OPEC supply cut extension builds Asia’s crude supply concerns

OPEC supply cut extension builds Asia’s crude supply concerns

OPEC supply cut to March, 2018 The decision by the Organization of Petroleum Exporting Countries to extend the OPEC supply cut to the end of the first quarter of 2018 did not help boost oil prices, but it did leave some refiners in Asia concerned about their crude supply. The extension of the pact left […]

Alberta govt caps electricity prices as part of power market reform

Alberta govt caps electricity prices as part of power market reform

NDP govt moving from energy-only market (low price, high volatility) system to capacity market (higher price, low volatility) The Alberta government has introduced legislation that would see the Regulated Rate Option electricity cost capped at 6.8 cents per kilowatt. The bill would be over a four year period from June 1, 2017 to May 31, 2021, […]

Opinion: Oil prices tumble after OPEC rollover

Opinion: Oil prices tumble after OPEC rollover

Oil prices down over four per cent after OPEC meeting   By John Kemp LONDON, May 26 (Reuters) – Ministers from OPEC and non-OPEC oil-exporting countries agreed on Thursday to extend existing production cuts for a further nine months to the end of March 2018. Front-month Brent futures prices reacted by closing down $2.50 per […]

Gasoline prices ahead of Memorial Day higher than 2016, second lowest since 2009

Gasoline prices ahead of Memorial Day higher than 2016, second lowest since 2009

2017 summer gasoline price to average $2.39/gal, 16 cents higher than last summer Gasoline prices heading into Memorial Day weekend average $2.40 per gallon (gal) nationally, up from last year’s price of $2.30/gal, according to the US Energy Information Administration. Despite the year-over-year increase, 2017 marks the second-lowest price ahead of the Memorial Day weekend […]

Trans Mountain Expansion gets final investment decision from Kinder Morgan

Trans Mountain Expansion gets final investment decision from Kinder Morgan

$1.75 billion initial public offering must be concluded by May 31 One of the hottest political issues in British Columbia just got a little hotter, as Kinder Morgan Inc. announced a final investment decision – contingent upon a successful IPO – for the Trans Mountain Expansion pipeline project, scheduled to begin construction in Sept. “Our execution planning […]

Trans Mountain Expansion key issue in forming BC minority government?

Trans Mountain Expansion key issue in forming BC minority government?

BC NDP, Green Party leaders staunch opponents of Trans Mountain Expansion, slated to begin construction in Sept. The BC election recounts are in and Christy Clark and the Liberals do not have a majority, meaning they will be frantically negotiating with Andrew Weaver and the Green Party for support of a minority government. What role […]