Michael Moore Presents Planet of the Humans – The Fact & The Fiction

I recently had the opportunity to watch “Michael Moore Presents Planet of the Humans” and while I expected it was going to be about how the math of some forms of “green” energy just doesn’t add up environmentally, it turned out to be something completely different. Where is the Energy Fairy? It turns out that there is no energy fairy. The green Illuminati does seem to have convinced the green masses that they have to wait for a magical energy…

VIDEO: Should The Government Set Price Controls & Bail Out Companies During Extended Crisis?

As someone that works in Alberta’s oil and gas exploration industry that was just notified his company is pulling out of Canada before the end of 2020, I can understand how government bailouts and price controls are initially appealing to many.  However, both price controls and bailouts significantly distort markets, causing all of us unnecessary pain. WHAT’S WRONG WITH GOVERNMENT BAILOUTS? Much more importantly bailouts encourage companies to take risks or fail to plan for the future so they can…

VIDEO: Fracking Shale Oil is a Ponzi Scheme That is Finally Collapsing

Shale oil has been driven by investors with few places to put their money deciding that oil US and Canadian oil plays MIGHT work out. The fracking revolution (a.k.a the Shale Revolution) never made financial sense and investors started fleeing the business in 2019. By 2020 once booming areas like the Permian (under Texas and Oklahoma) have proven to be losers. If it takes $10 million and 2 years to get $8 million dollars in return, investors are not happy.…

After Oil & Gas: What Else Can Alberta Do?

After 50 years of serious oil and gas expansion it is time to rethink the options for Alberta’s economy.  In every downturn, large or small, there is talk of “Western diversification” but nothing much seens to change.  This time, it needs to be different. Is Calgary or even Edmonton as dependent on oil and gas as it was in the 1980’s and 1990’s?  Definitely not, but if oil and gas jobs were cut in half those economies would collapse and…

The Top 25 – Global Oil Production By Country

We have seen gasoline prices plummet to as low as USD$1.29/gallon in the United States and CDN$0.58/liter in Canada.  We knew that: the United States became the worlds largest producer of oil a few years ago thanks largely to the fracking revolution, and Russia and Saudi Arabia were quickly expanding production but we didn’t really have a grasp on scale. How big is the global oil market and where major oil producing countries like Canada, Iraq, Mexico and Venezuela lie…

Why Is Gas So Cheap Right Now? … and it isn’t Because of COVID-19

We have received several comments from readers and friends saying that they expect gas prices to stay at this historical low rates because COVID-19 (see our new videos: How COVID Ends and COVID vs Spanish Flu vs SARs vs MERS) will likely drag out low demand for many months or even years.  In Calgary you can buy gasoline at just $.58/liter and in New York, you can get it for as low as $1.69/ gallon! It is common sense the…

VIDEO: The Future of the Energy Industry 2020-2023

David Book, Managing Director of Clearview Energy Partners, does an excellent job of crystallizing the known issues and outcomes for the oil and gas industry over the next few years.  Topics include: COVID-19 Trump Reelection Russia’s Tax Structure Saudi Pools of Cash De-Globalization Innovation   .

VIDEO: Highlights of The Alberta ‘Fair Deal Panel’ Town Hall in Airdrie

If you want to understand why Alberta is different, just watch this video.  We have attended many similar meeting in other Provinces over the years and seldom seen such thoughtful, calm, and well argued positions by members of the general public. If you don’t have time to watch the full 20 minute highlight reel, we urge you to watch these four excellent segments that are each about 90 seconds long: Marnie Marr Accountant from Airdrie explains the Alberta experience from…

LIVE STREAM: Alberta “Fair Deal Panel” Airdrie Town Hall

UPDATE: Jan 28 2020 – Below is the full 110 minute event.  If you don’t have that time you can watch our 20 Minute Highlight Reel HERE. ____________ This is the full uncut 110 minutes of Alberta “Fair Deal Panel” Airdrie Town Hall from January 27th at 6:30pm:   On Thursday, January 27th, 2020, Premier Jason Kenney’s “Fair Deal Panel” will hold a public town hall in Airdrie at the Town & Country Centre from 6:30pm – 8:30pm, to hear…

A Tale of Two Industries: Oil vs Automotive Sectors

Much is made of the auto sector in both the US and Canada.  It is thought of as the manufacturing heart of both countries and is fundamental to the ongoing success of the economy.  On the flip side of that, the oil and gas energy industry is socially and politically considered far less important. The energy industry is seen almost as a utility; something that is always there and does not require much attention whereas the auto industry is perceived…

VIDEO: The Environmental Case to Canadian & American Energy

To someone living in the US or Canada, it probably appears that the whole world wants to shut down the oil and gas energy industry, but a slightly closer look shows nothing is further from the truth.  Western energy is correctly considered the both the saviour of the third world and the environment. Rex Murphy recently interviewed Modern Resources CEO Chris Slubicki in a deep dive into the how oil and gas from the western world, specifically, Canada, the US…

The Uh-Oh Moment: The Psychology Of How Being Late To the Race Helps Micheal Bloomberg

Did you know that there is a hard pattern to the amount of effort put into projects and that this pattern can be seen in every from life, to sports, to meetings?  That pattern is a “U”.  When people are assigned a task they quickly meet and start thinking about the task at hand but then effort slumps until half way through the allotted time when effort substantially increases. In 1988 Connie Gersick from UCLA (now at Yale) wrote a…

The Numbers You Didn’t Expect: Canadian Provincial Transfer Payments Per Province Per Person

Canada is a group of diverse territories held together with a brilliant formula that effectively transfers money from wealthy Provinces to poor Provinces, or so the story goes.  The official name is ‘Equalization Payments’ and they are a core building block of Canadian confederation. For the first 75 years of Canada’s existence the money was transferred largely at the whim of the Federal Government but in 1957 a formal equalization formula was agreed upon. Unfortunately, the formula that is used…

The Cure For Canadian Pipelines: Ask Your Doctor If Ovintiv Is Right For You

Today one of linchpins of Canadian energy, EnCana, announced it is changing its name, has a new logo and is moving its ‘domicile’ (legal/trading head office) to the United States. Of course, they claim that there will be no job losses in Canada but that is clearly not the way the real world works.  Former employees of Nova, Nexen and Devon can tell you first hand the effect corporate mergers, acquisitions and relocations actually have on staff. Several analysts are…