Crude Oil Prices

A "Fair Price" for Canada's Oil Is a Slippery Slope

DeSmog Canada | Posted 03.13.2014 | Canada Politics
DeSmog Canada

The basic argument goes like this: A barrel of oil sands crude currently trades at a lower price than other global oil benchmarks. That price gap means Canadians are losing money on every barrel sold. Access to world markets will fetch higher prices, elevating our collective prosperity. It's a persuasive story, tickling the part of the brain associated with loss aversion. No one wants to bleed money day after day. At the same time it paints a picture of one nation, our fortunes rising and falling in unity. It's good politics. But the reality is more complex.

The Costs of Canada's Inability to Ship Oil to Market

Kenneth P. Green | Posted 01.23.2014 | Canada Politics
Kenneth P. Green

As almost everyone knows by now, Canada has some interesting challenges looming when it comes to transporting increasing oil production to markets both inside and outside of Canada. What many Canadians might not realize is how important oil exports are to Canada's economy, and how these exports may have become a crutch.

Should the Global Economy Brace for Another Middle Eastern Oil Crisis?

Jeffrey Rubin | Posted 11.03.2013 | Canada
Jeffrey Rubin

The U.S. military has targets picked out in Syria and President Obama is trying to convince Congress that America needs to intervene. If the U.S. does go ahead with tactical strikes against the Assad regime, oil markets will be caught in the middle. Any significant reduction in exports will be felt in the rest of the world.

Europe, US Weigh Down Oil Prices

CP | Pablo Gorondi, The Associated Press | Posted 04.20.2013 | Canada Business

The price of oil hovered below US$96 a barrel Monday, weighed down by data released late last week which showed that U.S. industrial production weaken...

5 Reasons Why You Pay So Much At The Pump

The Huffington Post Canada | Alexandra Macqueen and Andrew Fransen | Posted 08.29.2011 | Canada Business

That familiar pain you feel at the pump has returned with a vengeance this year, after an all-too-brief reprieve from the gasoline price highs seen in...