Blowing in a fierce wind: Why crude oil prices are declining

Non-fundamental factors appear to be controlling crude oil market patterns

Blowing in a fierce wind: Why crude oil prices are decliningA number of major events weighed on global oil markets throughout last week. Those factors included: Hurricane Ida; the United States Federal Reserve delaying the tapering off of its economic stimulus; the decision of the Organization of the Petroleum Exporting Countries and its allies in OPEC+ to stick to their original output increments; the rising…

U of A ranked among world’s top 100 in research performance

Strength in agricultural, environmental and engineering research shows in latest NTU rankings based on scientific publications

U of A ranked among world’s top 100 in research performanceBolstered by a strong showing in agriculture, the University of Alberta landed in the top 100 of a world ranking that compares the scientific performance of universities based entirely on academic publications. According to the 2021 NTU Ranking, calculated by National Taiwan University, the U of A ranked 91st globally – up one spot over last…

Delta variant hammering crude oil prices

Asia’s market is softening

Delta variant hammering crude oil pricesThe crude oil rally is stuttering. Having ceded some 15 per cent in prices in recent months, the rally we saw earlier this year has lost steam. Despite talk of growing demand, tightening markets, galloping prices and the call by U.S. President Joe Biden to the Organization of Petroleum Exporting Countries and their allies in…

Alberta government throwing money away on oil projects

The history of government attempting to pick winners and losers in a market-based economy is absolutely abysmal

Alberta government throwing money away on oil projectsOne of the eternal questions of public policy is: should governments get into bed with private businesses? Whether it’s called a public-private partnership, buying a controlling interest for taxpayers, investing in the technologies of tomorrow or just avoiding a business failure on our watch, the debate over whether the overall idea of government investing in…

How to wreck Alberta’s path to a balanced budget

Cave in to government employee unions during negotiations

How to wreck Alberta’s path to a balanced budgetLike boxers standing in the middle of the ring before a big fight, Alberta Premier Jason Kenney and government union bosses are in a stare-down before the big battle of 2021: government employee contract negotiations. For years, these negotiations were foregone conclusions. Premiers would talk tough and then cave. Politicians weren’t betting with their own…

Crude oil markets remain unsettled

Declining Chinese demand, a rising rig count in the United States and a devastating resurgence of COVID-19 in Asia all play a role

Crude oil markets remain unsettledIt has been a fluctuating week for the oil markets. In the immediate aftermath of the agreement within the Organization of Petroleum Exporting Countries and their allies in OPEC+, crude prices fell by a devastating seven per cent on July 19. However, with signs of demand holding despite the spread of the Delta COVID-19 variant,…

Bleak clouds over the crude oil horizon are dissipating

But much still depends on United States-Iran nuclear talks and how OPEC+ members will react to any deal

Bleak clouds over the crude oil horizon are dissipatingCrude oil markets are hot. Prices are up and the US$75 line has been breached. Chatter about oil touching US$100 is getting loud and clear. Global oil consumption is getting closer to the pre-pandemic levels. The bleak clouds hanging over the crude oil horizon are beginning to dissipate. Industry eyes are again on the Organization…

Changes to royalties could super-charge upgrading in Alberta

Fixing the royalty structure seems like low-hanging fruit

Changes to royalties could super-charge upgrading in AlbertaWith news of the official termination of the Keystone XL project, the Alberta government is out approximately $1.3 billion. What’s more, the province is left with unrefined bitumen that it doesn’t have the capacity to upgrade to higher-value products like gasoline and diesel. Why, then, does the province not look to develop its own capacity…

Prairie provinces debt levels a ticking time bomb

An economic burden for future generations

Prairie provinces debt levels a ticking time bombThe debt in Canada’s Prairie provinces has grown colossally during the COVID-19 pandemic, just as debt has in the rest of Canada and around the world. At the end of 2020, Alberta’s debt was estimated at $98 billion, Manitoba’s was $28.6 billion and Saskatchewan’s was $15 billion. These debts are an economic burden for the taxpayers…

Alberta still pulling its economic weight despite hard times

Despite the gloomy reports emanating from its oil and gas industry

Alberta still pulling its economic weight despite hard timesBy Bruce Lantz Reporter Resource World Magazine Alberta’s economy has taken a beating in recent years, but it isn’t likely to receive the federal equalization payments enjoyed by other disadvantaged provinces. Equalization transfer payments are made by wealthier provinces to offset financial shortcomings in other parts of the country. The process is entrenched in the…
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