Alberta Oil

Moving Alberta Oil By Rail Under Fire By U.S. Opponents

CP | Lauren Krugel, The Canadian Press | Posted 08.24.2015 | Canada Alberta

"Good luck. You're going to need it.''

Abandoned Oil Wells Could Spike In Alberta With Falling Prices

CP | The Canadian Press | Posted 08.05.2015 | Canada Alberta

"In the worst-case scenario you can have a well that is venting something or leaking something and not being aware of it because you've never done the pressure testing that was required."

Notley Downplays Oil Price Worries

CP | Ian Bickis, The Canadian Press | Posted 07.14.2015 | Canada Alberta

"Like many Albertans, we talk about oil prices much like we talk about weather. And in both cases, we're used to change."

Tough Time In Alberta, But Recession Not Expected: Crown Bank

CP | The Canadian Press | Posted 07.07.2015 | Canada Alberta

CALGARY - Alberta's Crown-owned bank says the province's economy remains in the doldrums, but it is not expecting a recession this year.ATB Financial ...

Corporate Calgary Cuts Support For Stampede Amid Oil Gloom

CP | Ian Bickis, The Canadian Press | Posted 07.02.2015 | Canada Alberta

"Party like it's 2014!"

How Alberta's Holding Up 1 Year After The Oil Crash Began

CBC | Posted 06.26.2015 | Canada Alberta

It was a year ago this week that the slide in oil prices began.

Norway Says Alberta Should Copy Alberta On Oil Royalties

CP | The Canadian Press | Posted 06.03.2015 | Canada Alberta

OTTAWA - A former Norwegian finance minister says Alberta's new government should take inspiration on handling resource revenues from the same place h...

Canada's Crude Oil Production Lowest In Years: Report

CP | The Canadian Press | Posted 06.01.2015 | Canada Business

A report by Barclays says Canada's crude oil production last month is estimated to be the lowest it has been in almost two years

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 06.24.2015 | 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 05.25.2015 | 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...