Former Premier Glen Clark Delivers Feisty BC Electrification Insights
Former Premier Glen Clark Leads Discussion of BC Electrification Jae Mather and I were the other two panellists. Great discussion...sometimes a little feisty. Interesting insights into BCH from Clark. #bcpoli #cdnpoli https://youtu.be/dvR8OjC4Te4
Hormuz Closure Could Redefine US‑Iran Power Balance
The Strait of Hormuz is turning into the key test of strength between the US and Iran. I've been thinking about what happens if it stays closed for an extended period. My conclusions might surprise you. https://t.co/mPXBo8HuqY
Oil Above $100 Forces Nationwide Price Adjustments
Oil prices sourced to $120 a barrel on Sunday before dropping to $104. As Billy Bob Thornton notes in this TV clip, at $100+ per barrel, "every product in America has to readjust its price"
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...
Oil Pricing Shifted From Negotiations to OPEC Quota Control
yes, it did but it was also followed by a complete revolution in how oil prices were set. Before oil companies negotiated a posted price with OPEC. Afterwards OPEC set prices thru production quotas I♥️historical comparisons, but not everything is directly...
War Abroad Drives Today’s $4 Gas Prices
If you don’t think an international war affects you I would encourage you to figure out why gas is like $4 right now
Scrapping Net Zero Increases UK's Dependence on Gas
ANALYSIS: Badenoch and Farage might not want to admit it, but Conservative and Reform plans to scrap net zero whilst boosting the North Sea would actually make the UK even more reliant on gas imports 🤔 https://t.co/gSdA6f5Jco https://t.co/wc4Dc5Vlnm
US Price Lag Could Shrink, but Strait Closure Threatens Economy
US price-to-production response is typically ~6 months. In an exceptional situation, like now, maybe we could get that down to ~4 months? But if the Strait is still closed in 4 months the entire global economy is pretty well screwed.
WTI Prices Dip While Volatility Hits Six-Year Peak
WTI crude oil remains well off its intraday high from Monday, but implied volatility - from the $OVX - continues to climb to fresh 6-year highs... https://t.co/VDf2X5NDWk
Britain Must Drill Nat Gas Amid Iran Conflict
Great talking with @Freddygray31 & @JacobHeilbrunn about the war in Iran and the future of energy in the Mideast and Britain. (As I've said before, the Brits gotta start drilling for nat gas.)
Oil Producers Give Vague Forecasts, No Concrete Evidence
This kind of messaging is so twisted No confirmation from oil producers (in fact all we’ve heard is “no we’re not changing our calculus guidance) just “you will see X happening.” Did Harold Hamm call? Is there an influx of roughnecks heading...
Japan Leads Largest G7 Emergency Oil Release
Thank you to Prime Minister Takaichi of Japan for her and the Japanese government’s support for the largest ever emergency oil stock release by @IEA Member countries to address the disruptions in the market
Trump’s Flawed Math Inflates Refinery Value Absurdly
Here is the Trump Administration's math: Over 30 years the refinery will buy $125B of shale oil and sell $175B of refined products, therefore it's worth $300B. LOL. That is like saying my house is worth $22+ million based on 30...
Rising Oil Prices Boost Putin as Sanctions Ease
High oil prices are great for Putin. At $85 per barrel, Urals oil price is now the highest since 2022. High prices also mean the EU's maritime services ban in its 20th sanctions package is dead and pressure in the...
Price Spikes Cause Pain, Not Physical Shortages
Price spikes will hurt a lot, but they're the luxury position--much better to have pump price pain than outright physical shortages, as will be suffered by much of the developing world. This is how you guarantee shortages in this context. https://t.co/jRUy3woUSl
30 Billion Barrels Ready to Counter Hormuz Price Spike
Awesome. This is exactly the policy we need. By my analysis, we can get these 30 billion barrels of refined petroleum products to market in the next few days, which will really help mitigate the price spikes from the closure of...
Hormuz Crisis Slashes Gulf Lease Bids Despite Oil Surge
The Hormuz crisis just wrecked Trump's second Big Beautiful Gulf Lease Sale. Sale 1 (Dec): $279M in bids Sale 2 (Today): $46.9M Even with oil prices surging, offshore bidding collapsed. https://t.co/wtW22EKdFE
Preparedness Can Mitigate Hormuz Closure Impacts
Employ America Statement on the Coordinated IEA Release. https://t.co/goQS5uJUUS No stockpile release can compare to the closure of the Strait of Hormuz, but with the right preparation, there are still ways to make it helpful at the margin. https://t.co/K549sAsIrM
New Brownsville Refinery Not $300 Billion, Permits Approved June
Clearly truth and facts don't matter to a lot of people, but the level of disinformation about the new refinery in Brownsville by @realDonaldTrump @JohnCornyn @PressSec @SecretaryWright @energy @SecretaryBurgum is really stunning. It's not a $300 billion refinery. The developers announced in...
$3 Billion Refinery Approved Under Biden, Not $300 B
What's interesting about this is that it's a $3 billion (not $300 billion) refinery that got its permits in 2024 during the Biden Administration. https://t.co/RRuBFYg9rk
EU Considers Lifting Sanctions on Dutch Oil Trader
Sanctions news: EU is weighing lifting its Russian sanctions against oil trader Niels Troost. Diplomats told the FT the designation of the Dutch trader was "legally weaker" than other listings. Discussions on-going. Decision subject to approval by 17 March https://t.co/JxBkaf5Xzx
Kazakhstan Boosts OPEC+ Output, Iran War Cuts Exports
OPEC+ crude production rose more than 400 kbpd m/m in February according to just-released OPEC data, with the bulk driven by the ongoing Kazakh recovery. Unfortunately it's immediately worthless given GCC crude exports were throttled immediately thereafter by Iran War. https://t.co/jTQxOjrt4b
Thai Ship Burns Near Oman Amid Hormuz Transit Controversy
for whom?! Iranian tankers shipping Iranian oil? Right now there's a Thai cargo ship on fire off the Coast of Oman that tried to transit the Strait of Hormuz. Maybe ask them if they think its working out "very well"
Clean Energy Cuts UK Gas Imports More Than Drilling
Analysis: Why clean energy will cut UK gas imports by (much) more than North Sea drilling The latest debate over new licenses has been lacking one key ingredient: Perspective Here's our take in chart form – and I'm happy to debate the numbers https://t.co/gSdA6f5Jco https://t.co/cGRgr5PrjG
Trump Doubts Iranian Mines, Urges Tankers Through Hormuz
President Donald Trump said he didn’t believe Iran was laying mines in the Strait of Hormuz. Asked Wednesday whether Iran had laid mines in the strait, Trump told reporters, “We don’t think so. Trump also urged oil companies to send their...
Diesel Spikes 96¢/Gal, Straining U.S. Supply Chains
Diesel prices for U.S. truckers rose a record 96 cents a gallon this past week, a sign of the financial strains hitting supply chains following the U.S. and Israeli attacks on Iran. https://t.co/C9K90LaXGX
Oil Shortage Sparks Surge in AI and Drone Spending
Right now globally, as we speak, we've got basically about sixty to eighty days. If you just shut down oil everywhere, the world has on the water and in reserves about two months of oil. So every day that we...
US Ethanol Production Surges, Inventories Hit Four‑year Low
🇺🇸U.S. ethanol production last week hit 1.126M barrels per day, the third best weekly volume on record. However, ethanol stocks declined on the week to 25.6M barrels, which is actually the week's lowest reading in four years. https://t.co/kJtuRESZcN
Energy Spike Could Lift Eurozone Inflation to 2.3%
First scores on doors I've seen ... and it's boringly close to what we have been telling readers in the past week. At the current futures curve in oil, you get 2.3% in 2026 (roughly), with gas not doing much...
South Australia’s Grid Goes Negative Thanks to Rooftop Solar
Grid demand goes below zero in South Australia. How? Not because of a blackout, but because rooftop solar provides so much electricity, there is no need for grid electricity. https://t.co/WucHygiIg9 @renew_economy 14 reasons why rooftop PV is useful https://t.co/4oFi4OUjKU
Saudi's Strategic Oil Storage Shields Global Supply
◾️Saudi Arabia deserves more recognition for its prudent, forward-thinking approach—strategically prepositioning oil in storage facilities around the world to hedge against potential supply disruptions. ◾️What @AlexLawler100 missed in this story is going back to previous reports to see that...
Iran Halts Goods, Yet Oil Still Flows Freely
While Iran has stopped the flow of many products thru the Strait, their maritime flow of oil is going well.
Fertilizer Stocks Surge Despite Oil Price Pullback
Crude oil has pulled back from its high of over $110/barrel, but fertilizer stocks are still moving, hitting multi-year highs. This corner of the market still appears to be expecting petro price pressure. https://t.co/r6Y5yIn6hu
India Backs IEA Emergency Oil Release, Pledges Market Stability
Very pleased to read the Government of India's supportive statement for @IEA's collective action to release emergency oil stocks to address disruptions in global oil markets – and that India stands ready to take appropriate measures to support global market...
Gazprom Thwarts Aerial Attacks on Southern Facilities
MOSCOW, March 11 (Reuters) - Gazprom on Wednesday reported aerial attacks on its facilities in southern Russia, including the Russkaya pumping station that exports natural gas via the TurkStream subsea pipeline to Europe, but added that all the attacks had...
Halting Non‑Iranian Tankers in Gulf Sends Shockwave
yes, managing to stop all non-Iranian oil tanker traffic in the Persian Gulf is a tremendous impact.
Renewables Deliver Low‑Cost, Reliable Electricity Nationwide
Are wind and solar “expensive and unreliable,” as President Trump claims? https://t.co/UiE5Iz8PY4 Graph: WWS supply as a % of demand vs electricity price, by state https://t.co/Tpm8NCnpHF Table: WWS supply as a % of demand https://t.co/KP3uii4BqI Book https://t.co/irGIq6qRxE https://t.co/cY35RF0Ovo
California Utilities See Fire Liability Threatens Their Existence
"I think the utilities in California recognize that they are operating in a different world today: if they cause fires, they will not have a business." https://t.co/j6Ht8D35SR
Oil Poised Above $102 as Pattern Confirms Bullish Move
Interestingly, crude oil is up after the IEA reserve release. If this head and shoulders pattern on the near term charts plays out, we are looking at oil back above $102 a barrel. https://t.co/WA4Ceo89fg
Murkowski Warns Against Treating SPR as a Piggy Bank
And shout out to @lisamurkowski, who has been on top of this issue for years and warning about using the SPR like a piggy bank for other things. And to current @EIAgov administrator Tristan Abbey @EIA_One who did such good...
Aramco Restores 70% Flow, Yet Critical 30% Still Blocked
Saudi Aramco resumed 70% of oil shipments via Red Sea pipeline. Markets celebrated. But 30% is still offline. And the Strait of Hormuz — the main artery — remains contested. 70% of normal isn't normal. https://t.co/8vfhBzo9cZ
SPR Capacity Crippled by Decade‑old Modernization Neglect
Sure. But the technical release capacity of SPR is supposed to be 4.4mbd. https://t.co/TMmRyYNOeL It’s a fraction of that because we failed to modernize the SPR, as I recommended to Senate (3rd bullet) in testimony a decade ago. https://t.co/wGjrmZHFpr https://t.co/yFTv4lJfSw
Europe Scrambles to Mitigate Prices After Trump’s Iran War
Europe rushes to deal with price fallout from Trump’s Iran war https://t.co/khA8dhNhMj via @johnainger @donatopmancini https://t.co/3tcyP5Pu0U
Hormuz Shutdown Spikes Brent Upside Risk Despite Parity
The Strait of Hormuz remains almost shut, even as the risk premium priced into Brent currently (blue) is on par with that after Ukraine (black). The Strait is 3 times more important for global oil supply than Russia, so risk...
Middle East Conflict Squeezes India's LPG Supply, Spikes Black‑market Prices
The primary driver is the escalating conflict in West Asia involving Iran, Israel, and the US. This has effectively choked the Strait of Hormuz, the maritime gateway for nearly 90% of India's LPG imports. While the government has prioritized domestic supply...
Japan's 80 Million‑Barrel Release Beats IEA's Forecast
Rather than the IEA's own 400 million barrels, the most important number right now is Japan's announcement that's releasing from Monday (March 16th) ~80 million barrels from its reserve. Those are actual flow barrels that will hit the market immediately...
Crude and Gas Prices Mirror Each Other After Nine Days
9 trading days into the conflict, crude and gas price trajectory has been very similar oil: https://t.co/O0orfuxpnw
Surcharges Delay Relief From Falling Gas Prices
As economists forecast falling gas prices later in 2026, I encourage you to consider this chart. Once surcharges are imposed, the benefits of falling prices are very slow to follow... https://t.co/pl5zUkZK7h
Diesel Price Surge Forces Costs Onto Retailers and Factories
"Record Diesel-Price Surge Hits U.S. Truckers, Retailers and Manufacturers" https://t.co/5jBpvH4MCa "Most large trucking companies will pass the added costs on to American stores and factories..." Fortunately, US factories aren't already facing soaring costs, so it's fi- oh. https://t.co/ZU45kzcUbj