Tag: growth
Alberta Govt says economy up, budget deficit down but DBRS downgrades credit anyway
Province extending salary freeze 18 months for management, non-union employees The Alberta government now forecasts the economy will grow by four per cent in 2017, up from the 2.6 per cent forecast at budget and 3.1 per cent at first quarter, according to an Alberta government press release. But credit agency DBRS announced Wednesday that […]
Canada one of fastest growing developed economies this year -CBOC
Exports expected to increase 2.3%, fueled mainly by soaring energy exports With strong economic growth in the first half of the year, the Canadian economy is expected to grow by an impressive 3.1 per cent in 2017, according to The Conference Board of Canada’s Canadian Outlook Bulletin: Autumn 2017. “Canada’s economy continues to perform well above […]
Wind energy continues rapid growth in 2016 – US Dept. of Energy
Texas, Oklahoma, and Iowa lead the nation in wind energy The Energy Department released three wind market reports demonstrating continued growth in wind energy nationwide. America’s wind industry added more than 8,200 megawatts (MW) of capacity last year, representing 27 per cent of all energy capacity additions in 2016. In 2016, wind supplied about 6 […]
Trucks play key role in determining future global oil demand growth – IEA
Fuels such as natural gas, biofuels, electricity and hydrogen can diversify fuel supply away from oil Improving the efficiency of road-freight transport is critical to reducing the growth in oil demand, carbon emissions and air pollution over the next decades, according to the International Energy Agency’s latest report, The Future of Trucks: Implications for energy and […]
Oil sands panel recommends aggressive action to stay under 100 megatonne emissions cap
Oil sands production at 2.5 million b/d, projected growth to 3.7 million by 2030, expected to stay under 100 MT emissions cap The first phase of the Oil Sands Advisory Group (OSAG) concluded and released its report with recommendations to the Alberta government on keeping the growing oil sands in compliance with its legislated 100 […]
Alberta oil sands need pipelines as large output growth expected through 2019
Potential exists for further technological innovation to alter course of oil sands production in future Large oil sands production growth is expected through 2019—making Canada the second largest source of global supply growth during that time, according to a new report from IHS Markit. More modest, but sustained growth is expected beyond 2019, with oil […]
Alberta, Western Provinces to lead Canadian economic growth in 2017
Alberta expected to outperform all provinces and grow 3.3% Alberta and Saskatchewan are expected to emerge out of recession and lead the provinces in economic growth this year, according to The Conference Board of Canada’s Provincial Outlook: Spring 2017. British Columbia is forecast to see growth ease this year, but the province will still tie with […]
Calgary and Edmonton on the road to economic recovery – Conference Board
Unless oil price rises above $50/b, high paying oil and gas jobs may not return until 2018 or later Gradually rising oil prices will help pull the economies of Calgary and Edmonton out of recession this year, according to The Conference Board of Canada’s Metropolitan Outlook: Spring 2017. Calgary’s economy is expected to grow for […]
American oil in the global economy: markets, policy, and politics
US has 50% of global refining capacity and produces 56% of global oil products By Sarah Ladislaw, Adam Sieminski, Frank Verrastro, Andrew Stanley The rapid rise in unconventional oil output in the early part of this decade returned the United States to a prominent position as a major oil supplier. Over the course of the past […]
Canadian crude oil growth highlights need for new pipelines – IHS Markit
Greater price discounts for Western Canadian crudes would return with increase of crude-by-rail shipping Western Canada may see a supply increase of nearly a million barrels of crude by 2020, putting increasing pressure on an already constrained pipeline system that has struggled with delay in bringing incremental pipeline capacity online, according to a new report by […]
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