World oil consumption may expand to 100 million barrels per day in the next three months.
Capital spending in Canada’s oil and gas sector declined by more than 50 per cent between 2014 and 2017.
Annual cap on oilsands emissions means that once emissions hit prescribed threshold, no further development will be allowed.
Since taking office in mid-September, Alberta’s new Premier Jim Prentice has talked an active game on the energy file. From the perspective of those who believe that Canada’s energy exports are vital to the country’s economic health, many of his comments seem positive. But there is one area where Mr. Prentice’s energy-policy comments are troubling.
Napoleon famously cautioned against interfering with an enemy making a mistake. So why is the West interfering with Vladimir Putins massive mistake in Crimea? More puzzling is the Wests unstated goal of legitimizing Putins Crimea grab.
Putins mistake? Some in the media are lionizing Putin as a strategic genius, running circles around the West. Yet, Putin could have gotten Crimea with a please-and-thank-you and looked like a humanitarian hero. Instead, hes viewed as a threatening thug, with long-term negative consequences for Russia.