Alberta had been expected to lead economic growth next year.
My MEI colleagues and I have signed, in recent years, a number of texts explaining among other things the merits of oil and
Oil is likely to fall to the $40 a barrel mark in the second quarter of 2015 before recovering in 2016, according to a new
Stephane Dion, the former Liberal leader, once said that "there is no environmental minister on Earth who can stop the oil from coming out of the sands, because the money is too big." But that was a long time ago and he probably hadn't considered that numerous countries would take action to curb fossil fuel demand.
The National Energy Board (NEB), Canada's chief energy regulator, has come out with a new report projecting energy development in Canada out to 2035. The potential for growth (and economic benefits to Canadians) is massive, but the NEB shares our concerns that the potential for bottlenecks and infrastructure short-falls imperil this projected growth.
Surprise of the year: World oil production is rising more than was forecast. A shock? No, that's what happens when prices spike. What is surprising is that it's occurring right in our backyard -- in the good ol' USA. The bottom line? How quickly we have gone from running out of oil to being awash in the stuff. Maybe the surprise is that we are surprised that history is merely repeating itself!