Archive for June, 2017
Pioneer Natural Resources CEO sees Saudi Arabia moving to boost oil prices
Pioneer Natural Resources CEO: “We’re not going to not drill” Tim Dove, CEO of Pioneer Natural Resources predicted on Tuesday that Saudi Arabia will make a move to boost oil prices in order to prop up the kingdom’s own finances. The recent downturn in oil prices occurred despite OPEC’s moves to reduce production by 1.8 […]
Weaker greenback boosts oil prices, but supply weighs down gain
Oil prices up in early trading Tuesday Oil prices rose 2 per cent on Tuesday thanks to a weaker US dollar, short covering and analysts expectations that there will be a drop in US crude inventories for the third consecutive week. According to Reuters, oil prices may have also been helped by comments made by […]
Growing centrist movement Alberta Together welcome news for energy/climate policy
Centrist think tank funded by Alberta Together may make important contributions to energy/climate policy discussion Around 300 people gathered in Red Deer on Saturday to discuss how to organize the political centre at the Alberta Together event led by Katherine O’Neill, former president of the PC Party who resigned after the election of Jason Kenney […]
Notley energy report card: Alberta Party gives B- and F grades
“We can’t simply, like united right would have us believe, just turn back the clock and hope everything will be okay.” – Clark With the spring legislature session recently ended and the school season drawing to a close, it’s a great time for opposition parties to hand in report cards on the Alberta government handling […]
Senate endorses new ‘national infrastructure corridor’ concept from University of Calgary
National Corridor would include highways, railways, pipelines as well as electrical transmission, communications networks A Senate committee has endorsed a 2016 University of Calgary study that demonstrated the value of a cross-country “national infrastructure corridor” through northern Canada to tidewater, calling for Ottawa to take the lead on the project, which would likely take decades to […]
Study reveals oil & gas divestment of pensions could cost trillions – IPAA
Fossil fuel divestment would cost nation’s top 11 pension funds up to $4.9 trillion over long term A first of its kind study finds public pension funds could lose trillions of dollars if they divested from fossil fuel related investments, according to a release from Independent Petroleum Association of America(IPAA). The new report, authored by Prof. […]
Some ride-sharing users giving up their own cars: Reuters/Ipsos poll
Automakers see new market in ride-sharing services A poll by Reuters/Ipsos shows that there is a growing number of people who are giving up their personal vehicles and turning to ride-sharing services to get around. Wally Nowinski was 16 and living in Michigan when he got his first car. After living in New York City […]
Electra Meccanica goes public, delivers first production SOLO EV to Vancouver business owners
Electra Meccanica says it has over 500 SOLO orders already, 80-plus for next electric vehicle The past week has been an exciting one for Vancouver-based Electra Meccanica Vehicles Corp., which on Thursday delivered its first production one-person commuter electric vehicle and on Monday had its common stock approved for trading on the OTCQB market under […]
Opinion: Hedge funds abandon all hope in OPEC
Hedge funds adding short positions faster, more aggressively By John Kemp LONDON, June 26 (Reuters) – “All hope abandon, ye who enter here,” is the warning inscribed above the gate of Hell, according to the Italian poet Dante Aligheri (“The Divine Comedy”, Inferno, Canto III, 1308-1320). Hedge funds and other money managers appear to have […]
Mixed news for Alberta: Oil prices up, but growing US supply threatens market rebalancing
Alberta oil sands producers break even at $41 or lower Oil prices rose on Monday after falling to seven-month lows last week, but growing US crude output along with an increase in demand for short sale contracts signalled that investors see a possible drop in prices on the horizon. Brent crude futures settled up 29 […]
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