Energy industry investment cools dramatically

The oil price crash of recent weeks has triggered a wave of huge exploration and production capital expenditure cuts

Energy industry investment cools dramaticallyLack of appetite to invest in the energy sector is leading the world into a supply crunch, says the International Energy Agency (IEA) in its recently unveiled World Energy Investment (WEI) 2020 report. The COVID-19 pandemic is having widespread and often dramatic effects on investments in the energy sector. At the start of the year,…

Manage provincial debt by controlling Crown projects

In Newfoundland and several other provinces, major power projects have created huge public debt

Manage provincial debt by controlling Crown projectsThe province of Newfoundland and Labrador is staring bankruptcy in the eye, according to recent news reports. There are a variety of reasons, which are typical for provincial politics. Politicians hate to cut services, love to cut taxes and hate to increase taxes because voters react to all of those things. Politicians aren’t leaders, they’re…

Oil and gas sector critical to Canada’s economy

The COVID-19 crisis can’t be used as an excuse to kill one of Canada’s largest, best-paying industries, which benefits us all

Oil and gas sector critical to Canada’s economyMark Milke and Lennie Kaplan Canadian Energy Centre While the world grapples with the COVID-19 pandemic and an economic downturn, anti-energy activists have spotted an opportunity: to kill off Canada’s oil and gas industry – the one that provides hundreds of thousands of jobs and hundreds of billions of dollars in tax revenues to governments.…

Oil glut, COVID-19 crisis punishing world crude prices

With demand and supply shock acting simultaneously, crude markets are imploding. And this is just the tip of the iceberg

Oil glut, COVID-19 crisis punishing world crude pricesThe global oil war is on and no one seems to be blinking. Saudi Arabia is set to increase its crude oil exports in May by about 600,000 barrels per day (bpd), bringing its total petroleum exports to 10.6 million bpd, an official at the Saudi Arabian Energy Ministry told the Saudi Press Agency. Russia…

Natural resources GDP on the decline in Canada

Oil sands extraction declined largely because of shutdowns and maintenance of some production facilities. Crude oil extraction also falls

Natural resources GDP on the decline in CanadaThe natural resources sector in Canada continues to be challenged. A new report released Friday by Statistics Canada said real gross domestic product (GDP) of the natural resources sector fell 2.2 per cent in the third quarter, following a 2.8 per cent rise in the second quarter.  The federal agency said the decline was largely…

Energy production in Canada declining, says StatsCan

Alberta produced 18.3 million cubic metres of crude oil and equivalent products in October, down 4.9 per cent

Energy production in Canada declining, says StatsCanEnergy production in Canada declined in several sectors in October 2019, compared with the same month in 2018, according to Statistics Canada. The federal agency said production of crude oil and equivalent products (-1.7 per cent), natural gas (-1.3 per cent), and coal (-9.3 per cent), as well as electricity generation (-3.3 per cent) declined…

Searching for a needed break from reality?

Canadian mystery drama, from Murdoch to Doyle to 19-2, can help you escape the roller-coaster of life

Searching for a needed break from reality?Many people are consumed with current events, including the U.S. impeachment inquiry, the saga involving Canadian Conservative Leader Andrew Scheer and the U.K. general election. Yet there are moments when even this enthusiastic political pundit has had enough and needs to briefly escape the roller-coaster of life. So I delve into sports, movies, art, animation…

Gigging it in the free world

The gig economy is gaining traction, for better or worse. Who needs benefits or job security when you can work on a high wire?

Gigging it in the free worldAre you weary of your reliable job? Do your paid vacation, company pension plan and full medical coverage leave you cold? Are you pining for the sort of precarious work that only self-employment can promise? Well, friend, you’ve come to the right place. Here, at GigsRUs, we won’t bore you with bromides about workplace security,…

Innovation is a lot like life, with all its ups and downs

Despite government hyperbole, small businesses know that innovation is difficult, costly and sometimes reveals unfortunate truths

Innovation is a lot like life, with all its ups and downsA handy term that invokes sweet dreams of big scores for small businesses everywhere is ‘innovation.’ Government officials, burdened with the otherwise boring work of economic development, are obsessed with it. Its mere mention, they think, virtually guarantees a contact high. Hey folks, their websites screech, roll up and read all about our “Superclusters Initiative,”…
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