Alberta Oil

BMO: Oil Collapse To Hit Alberta, Newfoundland Hard

The Huffington Post Canada | Sunny Freeman | Posted 05.12.2015 | Canada Business

Cheap oil will have a noticeable impact on the province's economy, BMO's economist warns. And it might push Alberta in a recession, too.

Alberta Energy Sector Braces For Change With NDP Win

CBC | Posted 05.06.2015 | Canada Business

Alberta's energy sector is bracing for change today, as the Progressive Conservatives' more than 40 year reign comes to an end. In their pl...

5 Things We Can Expect To Learn From The Oil Patch Next Week

CP | Lauren Krugel, The Canadian Press | Posted 04.29.2015 | Canada Alberta

CALGARY - This coming week the toll of weak oil prices will be thrown into stark relief as some of Canada's biggest energy names report first-quarter ...

How Much Has The Oilsands' Environmental Record Improved?

CP | Bob Weber, The Canadian Press | Posted 03.25.2015 | Canada Alberta

Progress is happening. But most acknowledge it's a slow and incremental process.

How Alberta Squandered Away $101 Billion

CBC | Posted 04.21.2015 | Canada Alberta

A report from the Fraser Institute says it didn't have to be this way.

Alberta's Economic Outlook Darkening

CBC | Posted 04.12.2015 | Canada Alberta

CIBC is predicting Alberta’s economy will shrink by 0.3 per cent in 2015, as activity in the oilpatch dries up.

Five Poll Results That Will Cause Oil Execs Some Headaches

DeSmog Canada | Posted 04.09.2015 | Canada Business
DeSmog Canada

Fewer than one-in-ten post-secondary graduates find oil and gas industry associations credible and trustworthy when it comes to carbon emissions. That shouldn't come as a huge surprise given that industry associations like the Canadian Association of Petroleum Producers have fought new greenhouse gas regulations and successfully lobbied to weaken Canada's environmental laws.

Rally In Oil Prices Won't Save Budget: Prentice

CP | The Canadian Press | Posted 04.04.2015 | Canada Alberta

Each $1 drop in the average price over the course of a year costs the province $215 million.

'Prices Are Not Going To Bounce Back'

CP | Bill Graveland, The Canadian Press | Posted 03.24.2015 | Canada Alberta

CALGARY - Alberta Premier Jim Prentice says there's no chance that the province can "ride things out" while waiting for a rebound in oil prices.Prenti...

Dim Outlook For Alberta In 2015

CBC | Posted 03.22.2015 | Canada Alberta

Veteran oil forecaster Martin King expects crude prices to fall further before a gradual increase later this year. The FirstEnergy Capital commodity...

Alberta Considers New Tax To Buck Drop In Oil Prices

CP | Dean Bennett, The Canadian Press | Posted 03.15.2015 | Canada Alberta

EDMONTON - Alberta's prideful boast of being the only jurisdiction in Canada without a provincial sales tax may soon be history.Premier Jim Prentice, ...

Oil Rig Use WAY Down

CP | The Canadian Press | Posted 03.15.2015 | Canada Alberta

RED DEER, Alta. - An oilwell drilling spokesman expects a revised 2015 forecast in a few weeks in light of tumbling oil prices.Derek Fildebrandt of th...

OPEC Sets Up the Rollercoaster, Albertans Take a Ride (Again)

Susan Wright | Posted 02.16.2015 | Canada Alberta
Susan Wright

OPEC's decision to maintain production gives Mr. Prentice an opportunity to remake government. Instead of protecting Big Oil from OPEC, Mr. Prentice should protect Albertans from Big Oil by revamping Alberta's revenue structure and diversifying our economy so that Albertans will never experience another crash like the crash of 2015.

Alberta Starts To Cut Costs

CP | The Canadian Press | Posted 02.14.2015 | Canada Alberta

EDMONTON - Alberta is imposing some cost-saving measures to help deal with sharply falling resource revenues.Premier Jim Prentice announced Monday tha...

What Would Warren Buffett Do With Canadian Assets?

John McKay | Posted 02.08.2015 | Canada Business
John McKay

The short term problem is that Alberta has expensive oil which will make it challenging for all governments to achieve their fiscal goals. Revenues are down. Already we are seeing the incredible shrinking surplus of the Harper government. Medium term the market will right itself and business will pick up.

Just How Screwed Will Alberta Be If Oil Prices Continue To Fall?

The Huffington Post Alberta | Michelle Butterfield | Posted 11.17.2014 | Canada Alberta

A slump in Alberta's crude oil prices means the province's economy is slowing down, and many want to know what the future holds. Todd Hirsch, chie...

Prentice Slowly Changes Tune As Oil Prices Plunge

CP | Dean Bennett, The Canadian Press | Posted 01.16.2015 | Canada Alberta

EDMONTON - Alberta's provincial politicians begin their fall session this week with a reset legislative agenda and a new premier madly crunching numbe...

Could Alberta's Oil Boom Be Coming To An End?

CBC | Posted 01.12.2015 | Canada Alberta

Many Canadians have a love-hate relationship with the energy sector. We love it for the jobs but hate the fact that Canada is often seen as a clima...

Feds Holding Back Oil Patch Investment, Says Alberta

CBC | Posted 12.31.2014 | Canada Alberta

Alberta wants the federal government to reconsider changes to the Investment Canada Act that it says have discouraged foreign interest in the oil patc...

Is Prentice Concerned By Sliding Oil Prices?

The Huffington Post Alberta | Posted 10.16.2014 | Canada Alberta

Alberta Premier Jim Prentice says despite the falling price of crude oil, the province remains in good shape financially. That doesn't mean he's no...

Pipeline Alternative: Oil Via Rail?

CP | Steven Chua, The Canadian Press | Posted 03.07.2014 | Canada British Columbia

VANCOUVER - A task force report has been handed in to the British Columbia and Alberta governments that examines the idea of transporting oilsands' cr...

To Drill Or Not To Drill In Urban Areas.. That Is The Question

The Huffington Post Alberta | Posted 05.09.2013 | Canada Alberta

For the second time in a year, the Alberta government has promised to complete a review of the rules surrounding urban oil drilling and energy develop...

'There's No Such Thing As Ethical Oil'

The Huffington Post Canada | Posted 05.08.2013 | Canada Business

Former U.S. vice president Al Gore has torn a strip off the "ethical oil" campaign favoured by some backers of Canada's oil sands, telling an audience...

WATCH: Oil Tycoon Thanks Alberta For Making Him So Rich

The Huffington Post Alberta | Posted 05.07.2013 | Canada Alberta

Ever wonder how the world's oil tycoons feel about the royalty they are charged by the Alberta government? Movie theatre-goers can find out this month...

Refining Our Own Oil And Gas Would Make Us How Much?

CP | John Cotter, The Canadian Press | Posted 06.16.2013 | Canada Alberta

EDMONTON - Alberta could create thousands of new jobs and take in an extra $600 million in annual revenue if more oil and natural gas were processed i...