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Increased crude-by-rail in Alberta comes with increased risks
This week Alberta Premier Rachel Notley announced her government will purchase rail cars in an attempt to reduce the province’s transportation bottlenecks and help lower the massive oil price differential for Canadian heavy crude. ...
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Global Petroleum Survey 2018
This report presents the results of the Fraser Institute’s 12th annual survey of petroleum industry executives and managers regarding barriers to investment in oil and gas exploration and production facilities in various jurisdictions around the globe. ...
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Trudeau sticking with Bill C-69
In the Calgary Herald, Chris Varcoe recently reported that Alberta Environment Minister Shannon Phillips expressed concerns about federal Bill C-69, which would radically revise the process of environmental assessment for major ...
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With latest Keystone court ruling, the oil blockade continues
With his recent ruling, which again delays TransCanada’s Keystone XL pipeline project pending further environmental review, Montana District Court Judge Brian Morris has thrown yet another wrench in the gears of Canada’s oil and gas ...
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Alberta needs diversification—of oil transport capacity
If it wasn’t already clear why Alberta needs a broader customer base and more highly diversified oil transportation capacity, recent events should make it painfully obvious. First, despite today’s dip, oil prices for West Texas ...
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Stranded assets? Only if government strands them
For years now, ever since Peak Oil Theory (the idea that the world would soon run out of economically viable oil reserves) was utterly shattered by the oil and gas boom in the United States, we’ve heard, “it doesn’t matter anyway, and ...
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Dearth of pipeline capacity drives Canada/U.S. oil price differential to widest point on record
Oil producers south of the border must be breathing a sigh of relief as U.S. oil prices are rising, reaching more than US$70 per barrel. Meanwhile, the outlook for Canadian oil producers remains dismal as heavy oil is practically selling ...
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Alberta’s one-stop shop for energy project approvals is a good step forward
In the midst of the Trans Mountain saga, Alberta has launched a new regulatory reform effort that will streamline the permitting process for energy projects in the province. Energy Minister Margaret McCuaig-Boyd says the new process will ...
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Decline in federal tax revenue highlights importance of a strong Alberta
A recent Globe and Mail feature revealed that federal personal income tax revenue declined by nearly $5 billion between 2015 and 2016. According to subsequent analysis by University of Calgary economist Lindsay Tedds, an eye-popping 97 ...
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More obstacles ahead for Canada’s energy sector if Bill C-69 becomes law
Last week’s Federal Court of Appeal ruling, which quashed the approval of the Trans Mountain expansion project, is a huge setback for Canada’s energy sector. Unfortunately, such setbacks are likely to continue if the Senate passes Bill C ...