Alberta desperately needs to reduce its labour costs

Alberta desperately needs to reduce its labour costsAt the end of August Finance Minister Travis Toews released his budget update, which was 20 pages doused from top to bottom in red ink. Albertans couldn’t afford our high-cost provincial government before the pandemic. And Toews’ budget update shows we definitely can’t afford our high-cost provincial government now. At $24 billion, this year’s deficit…

As COVID-19 cases rise again, oil forecasts fall

The world is past the era of growing crude oil demand and it may never recover to pre-pandemic levels

As COVID-19 cases rise again, oil forecasts fallThe crude games continue. While crude oil markets continue to be sloppy, despite the possibility of a small bull run just before the weekend, the Organization of Petroleum Exporting Countries and their allies in OPEC-plus are opting to keep their cards close to their chests. Avoiding any hint about their next steps, after their virtual…

Canada’s foreign oil imports: $477 billion since 1988

Canada’s foreign oil imports: $477 billion since 1988By Mark Milke and Lennie Kaplan Canadian Energy Centre When forecasting future oil consumption around the world, many people have opinions and agendas. Forecasts rooted in facts and technological capabilities are more rare. An example of an informed opinion comes from Vaclav Smil, professor emeritus of the University of Manitoba’s Faculty of Environment. Smil is…

Alberta needs to take tax hikes off the table

Alberta needs to take tax hikes off the tableHere’s one thing Premier Jason Kenney and Prime Minister Justin Trudeau can agree on: hiking taxes would be a bad idea. “I cannot imagine a dumber thing to do in the midst of a time of economic fragility, an oil price collapse and a global recession than to add a multi-billion dollar tax on the…

From a bitter past to the sweet taste of opportunity

Road to Reconciliation: An examination of what meaningful consultation and economic reconciliation look like

From a bitter past to the sweet taste of opportunityIf you relied on the headlines alone, you might conclude that the Indigenous peoples of Canada are squarely against oil and gas development. You would be wrong. Headlines, by their nature, highlight crisis and conflict in simplified terms. But the debate over Indigenous support for resource development is highly nuanced. Readers must go beyond the…

Worse birth outcomes, higher pregnancy risk in poorest rural regions

Alberta researchers identify gradients of risk for preterm births, small and large size at birth, smoking and drug use by mothers

Worse birth outcomes, higher pregnancy risk in poorest rural regionsThe highest concentration of adverse birth outcomes and related maternal risk factors occur in rural areas of Alberta with the lowest socio-economic status, according to new research from the University of Alberta. “When it comes to perinatal health, postal code can be as important as your genetic code,” said perinatal epidemiologist Maria-Beatriz Ospina, assistant professor of obstetrics…

Weak oil and gas investment still plagues Canada

While oil and gas investment has grown substantially in other parts of the world, Canada has failed to keep pace

Weak oil and gas investment still plagues CanadaBy Mark Milke and Lennie Kaplan Canadian Energy Centre Over the past decade, one oft-heard claim is that oil and gas is a ‘sunset’ industry, where investment in Canada can be expected to decline given a worldwide flight from oil and investment. However, international data (available from 2009 to 2017) show no such worldwide flight…

Only private investment will save Canada’s economy

Generating, rather than consuming, government revenues will require a clear and profound reversal by the current government

Only private investment will save Canada’s economyAfter five years of suffering in eco-zealot purgatory under the Liberals led by Prime Minister Justin Trudeau, the half million or so Canadians whose livelihood depends on the oil and gas industry finally got some good news: The oil sands are now part of the government’s green energy agenda! In an Aug. 12 interview, Natural…

Oil demand faces long, slow climb out of doldrums

Despite some oil industry analysts and observers looking at the glass as half full, there still seems to be ample reasons for gloom

Oil demand faces long, slow climb out of doldrumsForecasting crude oil markets remains a matter of perspective. Global oil demand growth is expected to taper off, journalist and analyst Julianne Geiger says, referencing the latest report from energy consultancy IHS Markit. Crude oil demand sits at 89 per cent of pre-pandemic levels, IHS Markit says. It’s expected to rise, then level off at…
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