18 November

A yard in Gascoyne, N.D., which has hundreds of kilometres of pipes stacked inside it that are supposed to go into the Keystone XL pipeline, is shown on April 22, 2015. Alex Panetta/The Canadian Press Richard Masson is an executive fellow at the University of Calgary School of Public Policy As Canadian oil prices continue […]

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18 November

In this May 1, 2014, file photo, a man who suffered severe burns to 12 percent of his body when butane fumes ignited while he was making hash oil at home, demonstrates how he made the marijuana concentrate, at his home in Denver. THE CANADIAN PRESS/AP/Brennan Linsley, File CALGARY — Alberta law enforcement officials say […]

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17 November

The focus of the fall fiscal update will be on making the Canadian economy more competitive even as concerns mount about an oil price glut hurting Alberta. Finance Minister Bill Morneau spoke with reporters from Toronto on Friday following a meeting with private-sector economists. He and the government have increasingly faced calls from critics in […]

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17 November

Western Canada’s oil companies must settle for a discounted price for their products thanks to production gains that have not been matched by export pipeline capacity gains. Alberta oil producers are dealing with a brutal oil differential that’s costing Canada billions of dollars in lost revenue. Premier Rachel Notley called it a “very serious problem” […]

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17 November

A tanker truck used to haul oil products operates at an oil facility near Brooks, Alb. on April 18, 2018. It isn’t just Alberta’s problem now. The plummeting price of Canadian heavy crude oil has been a source of of rising anxiety in Calgary and misery for investors in the energy sector. But it is […]

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16 November

A normal person’s November is mostly associated with Thanksgiving, preparation for Christmas and New Year, perhaps enjoying the last days of Indian summer for those lucky enough to live in warmer places. A Canadian oilman’s November is a month brimming with dread and horror about what is to come next. When the Western Canadian Select […]

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16 November

Crude oil producers in Alberta appear to be split on a proposed cut in production amid record-low prices, Canadian media report . One of the large Canadian oil producers, Cenovus Energy, is calling upon the government of Alberta to mandate temporary production cuts at all drillers in a bid to ease Canadian bottlenecks that have […]

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16 November

A worker adjusts hoses during a hydraulic fracturing operation at a gas well. "“nearly every fifth barrel of oil and every fourth cubic meter of gas in the world will come from the U.S.," the late Harvard oil expert Leonardo Maugeri declared. As oil hit US$120 a barrel in 2012, the late Harvard oil expert […]

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16 November

Premier, Rachel Notley speaks to media after announcing an investment in the University of Calgary by transferring the University Research Park to the University of Calgary at the CMG Building in Calgary on Thursday November 15, 2018. Darren Makowichuk/Postmedia Rock, meet hard place. Premier Rachel Notley’s government finds itself in a no-win position as Canada’s […]

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16 November

Summary Recent market action seems disconnected to fundamental reality and overly fixated with the near-term outlook. Unlike 2015-16, the recent oil price correction mainly the result of a strategic miscalculation by OPEC to reverse 2016 production cuts too quickly. A consequent correction in oil price and energy equities may further depress global capital investment exacerbating […]

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