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 .
With all the talk of Indigenous rights being trampled on by governments and big oil, you are probably not surprised by the blockades that have poped up, reportedly in support of the Wet’suwet’en. The problem is, the Wet’suwet’en Chiefs DO support Coastal GasLink. “What?!?!” you say, “How can this be? I have seen Wet’suwet’en Chiefs saying they have not been consulted and do not approve” Well, it turns out that the “Chiefs” you see on TV really aren’t Chief’s in…
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…
In this stunning announcement Microsoft President Brad Smith said his company will: Consume only renewable energy by 2025 Will CAPTURE as much CO2 carbon as Microsoft AND ITS SUPPLIERS have put into the environment since its founding in 1975 Will require vendors to be increasingly carbon neutral Will fund investments in other companies and organizations, often in third world countries, to accelerate the migration to clean energy This makes Microsoft, which already gets two thirds of energy needs from renewables,…
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…
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…
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 United States is now produced more physical things (i.e. cars, buildings, clocks…) than it has at any time in its history but it actually REDUCING the amount of materials taken from the ground to do it. One word explains how can that came about: efficiency. There is still absolutely vast amounts of work to be done to improve our global situation but there is now more than just blind hope that new technology will save our collective futures. Our…
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…
What happens to oil pipelines in a post oil world? Many people think the massive expenditures in pipelines result in a permanent oil infrastructure. The fact is that pipelines originally constructed to move oil are both reversed and repurposed all the time. The graphic to the right is from 2014 and shows that oil pipeline reversals and repurposing are not new. Here are some real world examples about what happens to old oil/gas pipelines. PIPELINE REVERSALS: Enbridge ‘Line 9’ reversed the…
It has been noted that during the gold rush most miners did not get rich, but the people who sold them their pick axes and dynamite certainty did. In the same vein Google has said it is not those with the most powerful computers that will win in the future, it is those with the most data. Perhaps electric cars are the same. Tesla just released amazing new version 3 electric charging stations in Regina Saskatchewan Canada: “…The new stations…
Proton Technologies of Calgary has taken existing technologies and combined them into a method or ‘process patent’ that gives them exclusive rights to produce hydrogen in the ground. This means that all of the CO2 and other greenhouse gases remain locked in the ground where they have been for millions of years. It also massively reduces the complexity and cost allowing Hydrogen to be produced 80% to 95% cheaper than the current process. At that rate, hydrogen will be several…
The nuclear energy industry has a bad rap. Accidents at Fukushima Japan and Chernobyl Russia, using 1950’s technology, scared citizens and politicians into thinking that nuclear energy is both dangerous and dead. Even with these massive events, the fact is that nuclear was always RELATIVELY safe. We say relatively because all systems have flaws and failures but nuclear is far superior to coal or even natural gas and wind power. However, in the 1970’s and 1980’s much research was done…
We have never had so much easy access to highly reliable scientific information but intentionally misleading fake news, politicians and interest groups promoting their pet agendas and outright crackpots have left the public scared and confused on so many issues. Nuclear power is one of those issues where the conventional wisdom is just plain wrong. ‘Everyone knows’ that nuclear power: isn’t safe and never will be has killed hundreds of thousands of people has permanently contaminated millions of square kilometers…
A few weeks ago, a small privately held Calgary startup named Proton Technologies announced they were successfully generating cheap hydrogen from old oil fields. Today we interviewed their CEO, Grant Strem, and learned that the company already had net positive cash flow with big plans for the near future. Producing Hydrogen with ZERO Emissions at 20% of the Cost? Keeping the process in the ground means there is no expensive carbon capture requirements. The process, shown to the right, produces…
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