Archive for June, 2017
Oil sands often called ‘toxic’ but scientists’ evidence over-stated – Alberta health sciences prof
By Warren Kindzierski Three recent University of Alberta studies by Professor Bill Shotyk reported in the Edmonton Journal suggest that chemical contaminants in the Athabasca River around oil sands “may be overstated, with levels of metals vanishingly small.” That conclusion lit up the world of toxic-chemical alarmism. Five Canadian scientists led by David Schindler, also […]
BHP Billiton chair: $20 billion investment in US shale a mistake
BHP Billiton bought into US shale play at peak of fracking boom In a Reuters report on Thursday, BHP Billiton’s Chairman Jac Nasser said, in hindsight, the energy giant’s $20 billion investment in the US shale industry was a mistake. “If you had to turn the clock back, and if we knew what we knew […]
Wildrose calls Sturgeon Refinery a ‘boondoggle’ but unity partner PCAA launched project
North West Refining says Sturgeon Refinery fully operational in Q2 2018, processing tolls in line with 2013 estimates “Never say ‘whoa!’ in a mud hole,” was one of folksy conservative premier Grant Devine’s favourite sayings while he was destroying Saskatchewan’s public treasury during the 1980s. Alberta Premier Rachel Notley finds herself in a similar situation […]
Nissan-Renault plans driverless ride-hailing service within 10 years
Nissan-Renault alliance currently testing self-driving cars The Nissan-Renault alliance is planning to launch its driverless ride-hailing and ride-sharing services within the next 10 years, according to the two automakers looking to survive in an industry that is quickly transforming as these new services gain traction. Carmakers are now in competition with tech firms such as […]
Oil prices rise to two-week high on US output reduction
Oil prices up slightly Oil prices edged up just under 1 per cent on Thursday extending the rally into a sixth session after the United States Energy Information Administration reported a small reduction in US crude production. Brent crude futures settled the day 11 cents to $47.42/barrel, after having touched a two-week high of $48.03 […]
ING bank will not finance Canadian pipeline projects
ING Bank pressured by activists Under pressure from activists, Dutch lender ING Groep NV says it will not finance any major Canadian pipeline projects, including Keystone XL, Energy East and Enbridge’s Line 3. Earlier this month, ING publicly disavowed Kinder Morgan Canada Ltd’s Trans Mountain Pipeline expansion project, but did not name any other pending […]
Oil/gas investment to stabilize Canadian economy in long-term forecast – Conference Board
Baby-boomers exiting workforce from 2020 to 2040 will push up wages as businesses compete for skilled workers As Canada gets ready to celebrate it’s 150th birthday, a recent study from the Conference Board of Canada shows growth returning to resource-rich provinces like Alberta, along with robust performances in the rest of the country, but only […]
Ready to ditch your car for ride sharing services Uber or Lyft? Not yet, say readers
Flexibility and freedom more highly prized than lower cost of ride sharing, according to readers A Reuters/Ipsos poll showing that 9 per cent of Americans who sold or traded in a car last year have ditched auto ownership in favour of Lyft and Uber ride sharing services, doesn’t resonate with North American Energy News readers. […]
China ramping up EV battery production to crush Tesla’s Gigafactory
Expected Chinese EV battery production could supply 1.5 million Tesla Model 3s A report by Bloomberg Intelligence says while Elon Musk works to finish building the world’s largest battery factory in Nevada, Chinese battery companies are planning additional factories that may far out-produce what Tesla Inc.’s Gigafactory will crank out. Once completion of additional battery […]
US crude stocks rise slightly, gasoline inventories down
US crude stocks up 118,000 barrels in week ending June 23 On Wednesday, the US Energy Information Administration released data showing US crude stocks had risen last week and gasoline inventories fell. Crude inventories rose by 118,000 barrels in the week ending June 23. Analysts had expected a decline of 2.6 million barrels on increased […]
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