Pipelines Now Seen as Catalyst for Increased Oil Output
In the last 15 years, we've gone from a pipeline discussion where pipelines don't matter because "the oil will get to market no matter what" (trying to squash Q's about induced ghg emissions, mostly) to "people will produce more oil no matter what if there are pipelines,"
Questioning Strategic Reserves Amid Low Export History
IEA reserve requirements set on the basis of national net imports. We're not a net importer. Our net exports were smaller during the CPC time in gov't. Was a strategic reserve built up during that period? Contemplated?
US Oil Imports Rebound to 1990 Levels, 2 M Bpd
US is still a net importer of about 2 million barrels per day of oil, roughly back to 1990 levels. https://t.co/p77J48rR7V
Pipelines:
Oil prices up? This is why we need more pipelines. Oil prices down? This is why we need more pipelines. Oil prices steady? This is why we need more pipelines. Sky blue? This is why we need more pipelines. Dark...
NEP Would've Guaranteed $80+ Oil Price For
Fun reminder: the National Energy Program would have locked-in a price of $63+ inflation from 1980 (capped if it exceeded global oil prices) for the Albian Sands oil sands project. If I'm not mistaken, the $80/bbl plus inflation price was...
MP Calls for Expanded Canadian Strategic Oil Reserves
I've come out of class to learn that the MP for Battle River - Crowfoot has proposed that Canada increase our strategic oil reserves to provide for resilience for oil-dependent regions from disruptions such as those we're seeing today? This...
Germany Built LNG Terminal in 194 Days; Canada Lags
Canada is looking to build export terminals, Pierre. They are more complicated. Why don't you ask Shell why they don't just build Phase 2 of LNG Canada in 200 days? Please try to help Canadians understand their energy sector rather...
Alberta’s Oil Outpaces Norway’s Fleeting Resource Boom
Cosh, on the Globe Ed Board Norwailing is excellent. I would add to his AB context that Norway too was expecting a very short-lived resource and their production has, indeed, declined from peak. AB is still hitting record production month...
CNRL Mines Free of Carbon Pricing Liabilities
There are other CNRL projects that have material carbon pricing liabilities, including at Jackfish and Primrose. The mines don't have that issue.
Did the Project Profit or Pay Under Carbon Pricing?
I'm sure Pierre checked whether this project made money or paid money under the industrial carbon pricing regime, right?
Long‑awaited LNG Licences, but Most Projects Never Materialized
A reminder: Douglas Channel Energy got its 20-yr LNG export licence in Feb 2012, Kitimat LNG received its export license in October 2011, and LNG Canada a 20-yr export licence in February 2013. None reached a final investment decision until...
LNG Terminals Need Long‑term Contracts, Not Spare Capacity
Why on earth would Canada (or anyone) have that much spare LNG capacity? The reason many terminals weren't built is because they couldn't secure long-term offtake deals. No one was building terminals on a purely merchant basis.
Provincial Environmental Rules Can Trump Federal Pipelines
So, for example, a province acting within its jurisdiction over matters of a local and private nature (e.g. local environmental protection) would be given priority over federal laws (e.g. pipeline construction) in the event of a conflict? https://t.co/83rqboK7pR
Norway to Raise Carbon Tax to $220 by 2030
"A key plank of Norway’s Climate Action Plan 2021-2030 is the gradual raising of its carbon tax to USD 220 per tonne of CO2 by 2030." Norway has had a carbon tax since the 1990s. That seems to escape the...
Norway’s Model: State‑Owned Resources, Low Taxes, EV Leadership
It's going to be hilarious when he learns anything about Norway. Taxes? National ownership of resource companies? EV policies? Saving rather than spending resource revenues? Which Norwegian counties are resource producing, and how much control do they have over...
NGP's Analysis and Design Assets May Be Monetized First
This. Plus they also have an asset in all of the NGP project analysis, engineering, and design. They might well choose to monetize that asset rather than (or prior to) building the pipeline.