Hallelujah! British Columbia finally caught itself an LNG export project. The first in a new global wave, and a nice big one at that.
October 10, 2018, 6 AM MDT
The Trudeau government’s Bill C-69, currently undergoing second reading by the Senate, is one bad piece of regulatory legislation.
September 24, 2018, 7:23 AM MDT
The 1994 North American Free Trade Agreement (NAFTA) sits on a razor’s edge — at least as we’ve known it as a trilateral trade agreement.
September 7, 2018, 8:34 AM MDT
Blame me, kinda.
August 31, 2018, 6:01 AM MDT
The prominent Calgary-based energy analyst Peter Tertzakian was correct to raise Canadian oil security as a serious issue and recommend construction of a west-east pipeline to alleviate this threat in recent interviews.
August 27, 2018, 7:51 AM MDT
Kudos to the Trudeau government for standing up to Saudi Arabian blackmail. Thousands upon thousands of Canadians paid the ultimate price during the two world wars to protect democracy and human rights, and the least our generation can do is suffer minor economic inconvenience to stand up to the repressive Saudi regime.
August 9, 2018, 7:44 AM MDT
The rhetoric has been flying this week between U.S. President Donald Trump and Iranian President Hassan Rouhani. Trump as much as threatened nuclear annihilation on the Islamic Republic in a caps filled Tweet in response to Rouhani telling a gathering of diplomats in Tehran that war with Iran would be “the mother of all wars.” The U.S. president chose to ignore the second part of the Iranian president’s sentence in which he added “… and peace with Iran is the mother of all peace.”
July 26, 2018, 7:44 AM MDT
The Canadian Association of Petroleum Producers (CAPP) released the 2018 edition of its Crude Oil Forecast, Markets and Transportation report last month. It is a very useful report in some ways, but unfortunately the crude forecasts in these reports have long suffered from myopia.
July 16, 2018, 7:58 AM MDT
There is a damned good reason international benchmark crude prices have been rocketing higher since so-called OPEC+ — the 14 OPEC members and 10 non-OPEC countries restricting crude production since the beginning of 2017 — agreed to raise output on June 22: a potential supply crunch late this year or early next year due to yet another misguided policy by U.S. President Donald Trump.
July 3, 2018, 9:04 AM MDT
There may be more prominent targets in U.S. President Donald Trump’s multi-front trade war, such as China and the European Union, but Canada and Prime Minister Justin Trudeau have recently been the primary recipients of Trump administration vitriol.
June 25, 2018, 7 AM MDT
British Colombia’s Premier John Horgan, environmentalist-extraordinaire Tzeporah Berman, the other leaders of the anti-Trans Mountain expansion (TMX) movement and their minions have lost the pipeline war.
May 30, 2018, 7:36 AM MDT
There finally appears to be light at the end the tunnel for British Columbia’s fledgling LNG industry, and it’s not a bitumen-laden unit train.
May 28, 2018, 6 AM MDT
The goalposts for international crude prices appear to have moved yet again, with Reuters reporting in mid-April that Saudi Arabia is now targeting US$80/bbl-$100/bbl.
May 7, 2018, 8:48 AM MDT
It was an interesting weekend.
April 24, 2018, 7:59 AM MDT
The CEO of Kinder Morgan Steve Kean said investment in the Trans Mountain oil pipeline expansion project (TMX) “may be untenable for a private party to undertake” during his company’s first quarter earnings call on April 18.
April 20, 2018, 10:18 AM MDT
International benchmark crude prices played out basically as expected by Geopolitics Central (GPC) in the first quarter of the year, with a few interesting twists on the market fundamentals front and growing signs of ongoing Russia-OPEC co-operation encouraging us to maintain our current short-term outlook.
April 9, 2018, 6 AM MDT
When I’m wrong, I’m wrong.
March 22, 2018, 9:29 AM MDT
It’s time for the Alberta government to think outside the box.
March 12, 2018, 3:29 AM MDT
The Organization of the Oil Exporting Countries (OPEC) was born in a time of plenty, prospered over a period of real or perceived scarcity, and will likely die in the distant future as the world shifts away from high-carbon energy resources.
February 26, 2018, 3:47 AM MST
The pipeline war between Alberta and British Columbia is getting hot, and it will get a lot hotter in the next few years if Prime Minister Justin Trudeau pushes through expansion of Kinder Morgan Canada’s Trans Mountain pipeline. The legal and regulatory challenges B.C.’s New Democratic Party (NDP)-Green Party government is throwing up against Trans Mountain expansion (TMX) is only the first round of defence, and a relatively weak one at that.
February 9, 2018, 9:19 AM MST
A new Western Canadian oil pipeline pinch had been widely predicted for the fourth quarter of last year. The corresponding increase in regional oil price differentials was expected to be gradual and moderate, with Canadian National Railway (CN) and Canadian Pacific Railway (CP) coming to the rescue of oil shippers, just as they did earlier this decade.
February 5, 2018, 6 AM MST
As discussed in our last article — Politics to Continue to Drive Crude Prices Through 2019 — Geopolitics Central (GPC) is bullish on WTI crude prices through 2019 partly because we expect a significant rebound in politically-inspired oil production outages. Rising tensions between Saudi Arabia and Iran should provide a solid base of geopolitical uncertainty, but as of now we do not expect it to lead to a hot war and a massive supply disruption over this period. But there are many more potential sources of disruption to supply, albeit significantly less dramatic, the four most likely ones from our perspective are Iran (new economic sanctions), Libya (election-related violence), Nigeria (militancy in Niger Delta region), and Venezuela (end game).
January 22, 2018, 6 AM MST
The jump in international benchmark crude prices in the fourth quarter of last year surprised most oil forecasters. Here at Geopolitics Central (GPC), we expected spot West Texas Intermediate (WTI) to rebound, having previously predicted the price to average US$62.50/bbl this year (DOB, Oct. 11, 2017) — but failed to see the speed in which prices would increase.
January 8, 2018, 9:32 AM MST
People around these parts don't much like those who say peak oil demand is inevitable. Can’t say that I blame them. The theory ain’t good for business in the short term — although taking the appropriate actions now, assuming it is correct, could keep them from driving off a proverbial cliff in the more distant future. Funny thing, many of the people trying to debunk peak oil demand are the same ones who sold Peak Oil — on the supply side — like snake oil last decade. It's like these people just tell you folk what you want to hear, not what you need to hear.
December 20, 2017, 6 AM MST
It may be early days for development of the Duvernay shale in Alberta, but it is increasingly looking like the next liquids-rich formation to take off in North America.
December 11, 2017, 4:33 AM MST