Archive for August, 2017

Alberta, Canada electricity needs and issues this summer – CBOC

Alberta, Canada electricity needs and issues this summer – CBOC

Production and consumption of energy account for 80% of Canada’s GHG emissions By Carlos Murillo, Economist, Industrial Economic Trends, Conference Board of Canada It’s been a scorching summer in Alberta, with temperatures consistently above the 30-degree mark during the last few weeks. While not everyone across Canada is lucky enough to enjoy this weather, the high temperatures […]

By August 14, 2017 0 Comments Read More →
CFIB claiming Alberta government refusing to disclose carbon tax admin costs

CFIB claiming Alberta government refusing to disclose carbon tax admin costs

CFIB files complaint with Information and Privacy Commissioner about lack of disclosure The Canadian Federation of Independent Business(CFIB) is accusing the Alberta Government of refusing to divulge the cost of carbon tax administration. The business organization says it was looking for the annual cost for administering the province-wide carbon tax, through a Freedom of Information(FOI) […]

By August 14, 2017 0 Comments Read More →
Oil prices fall after Trump North Korea threats, IEA report says OPEC compliance weak

Oil prices fall after Trump North Korea threats, IEA report says OPEC compliance weak

Oil prices impacted by Trump sabre-rattling Oil prices fell in trading on Friday after the International Energy Agency said weak compliance among participants in the OPEC supply cut pact was slowing the rebalancing of the oil market. Brent crude fell to $51.68/barrel by 12:20 p.m. EDT and US WTI was down 21 cents to $48.38/barrel. Oil […]

By August 11, 2017 0 Comments Read More →
Coal falls as gas rises: World energy balances in 2016 – IEA

Coal falls as gas rises: World energy balances in 2016 – IEA

Oil remains most used fuel (mainly for transport), then coal (mainly for electricity) Global coal production fell significantly in 2016, while global trade in natural gas was up. These are two of the key messages in World Energy Balances, the IEA’s comprehensive picture of energy statistics. These data are drawn from official national data submissions to […]

By August 11, 2017 0 Comments Read More →
The curious case of Rachel Notley’s view that BC just doing ‘due diligence’ on Trans Mountain Expansion

The curious case of Rachel Notley’s view that BC just doing ‘due diligence’ on Trans Mountain Expansion

Is Notley incompetent? Or is her goal to keep BC Premier Horgan out of the political battle for now? Rachel Notley’s response to yesterday’s announcement that BC will use legal challenges to block the Trans Mountain Expansion pipeline is curious. The Alberta premier thinks the new NDP government is just doing its “due diligence,” but […]

US oil rig count falls by one last week: Baker Hughes

US oil rig count falls by one last week: Baker Hughes

Rig count down in Canada by three On Friday, Baker Hughes released its weekly rig count. In the week ending August 11, the number of rigs drilling for oil in the US was 765, down by 1 compared to the previous week. According to the oilfield services giant, the number of operational oil rigs sat […]

By August 11, 2017 0 Comments Read More →
Tesla autonomous semi trucks in development, closer to prototype: Reuters

Tesla autonomous semi trucks in development, closer to prototype: Reuters

Autonomous semi trucks may be unveiled in September Reuters reports Tesla Inc is developing a long-haul, electric autonomous semi trucks that will eventually move in a formation where a number of semis will automatically follow a lead vehicle. In an e-mail discussion with the Nevada Department of Motor Vehicles, the California company is looking to […]

By August 11, 2017 0 Comments Read More →
BC NDP govt throws down gauntlet to Trans Mountain Expansion pipeline project

BC NDP govt throws down gauntlet to Trans Mountain Expansion pipeline project

Alberta Premier Rachel Notley says she welcomes BC’s “due diligence” over Trans Mountain Expansion The new NDP government in British Columbia has retained veteran lawyer Thomas Berger to advise on the best way to assert provincial jurisdiction and frustrate construction of Kinder Morgan’s Trans Mountain Expansion pipeline, slated to begin work next month. At a […]

Oil prices fall as Russia looks to boost output post OPEC pact

Oil prices fall as Russia looks to boost output post OPEC pact

Oil prices down nearly 7 per cent this year On Thursday, oil prices fell after investors learned Russia’s Gazprom was considering resuming its output in mature fields after the OPEC supply cut agreement expires and OPEC reported an increase in its July production numbers. Brent crude ended the day down at $51.90, down 80 cents […]

By August 10, 2017 0 Comments Read More →
Higher 2018 oil demand, global oversupply eases: OPEC

Higher 2018 oil demand, global oversupply eases: OPEC

Global oil demand up to 32.42 million b/d in 2018: OPEC report In its monthly report, OPEC forecast an increase in oil demand next year, and argued the oil market was strengthening, partly due to the cartel’s production cut. According to the report, the world’s consumption of crude will grow to 32.42 million barrels per […]

By August 10, 2017 0 Comments Read More →