Saudi oil minister Ali al-Naimi didn’t say quite what I’ve suggested in my headline, but only the words differed, not the sentiment. The Saudis, as we all know, have been opening up the oil taps lately, driving their production up and driving the pri… . . . → Read More: Bill Longstaff: Saudis to Alberta—Tough Shit!
Former NDP leader Brian Mason in a couple of typical poses, above and below. I’ll bet you didn’t know he was a terrific political blogger too!
Jim Prentice is Alberta’s first Wildrose premier and he will soon call a snap election to ensure he can push forward a Wildrose program of using temporarily . . . → Read More: Alberta Diary: Blogger Brian Mason explains why Jim Prentice, ‘Alberta’s first Wildrose premier,’ is preparing to call a snap election
Is it better to have gambled and lost?
Saudi Arabia is calling the shots in the steep price decline of oil in recent weeks, by refusing to cut its output so as to remove production from the market and increase prices. Why is it doing this? One possible reason is that it is . . . → Read More: CuriosityCat: Oil Price: Has Saudi Arabia gambled and lost?
“You come from capitalist nations. You know what the market does. For any commodity it goes up and down, up and down”—Saudi Oil Minister Ali al-Naimi*
Contrary to the expectations of many analysts, OPEC (read Saudi Arabia) decided it would not reduce its 30 million-barrel-a-day production quota in order to prop up oil prices.
. . . → Read More: Susan on the Soapbox: OPEC Sets Up the Rollercoaster, Albertans Take a Ride (Again)
As far as the Organization of Petroleum Exporting Countries, OPEC, is concerned the future looks rosy. In its latest outlook report, OPEC foresees $177 per barrel oil prices by 2040 and a market that will require an extra 21 million barrels a day over the next 25-years to meet growing demand.
I expect you . . . → Read More: The Disaffected Lib: OPEC Sees a Bright Future Ahead. Unfortunately, It’s Not Yours.
The Conservative government of Prime Minister Stephen Harper and oil executives have consistently claimed that the dirty Alberta tar sands oil is a boon to U.S. energy security. Here are seven reasons why this isn’t the case: 1. Tar sands cannot break the power of OPEC. The oil cartel, the Organization of the Petroleum Exporting . . . → Read More: Canadian Progressive: Canada’s tar sands cannot enhance U.S. energy security
TransCanada was once in the limelight and targeted for its Keystone XL pipeline project. Now, with few eyes watching, it is pushing along two key pipeline projects that would bring two respective forms of what energy geopolitics scholar Michael Klare calls "extreme energy" to lucrative export markets.
Pipeline one: the southern segment of . . . → Read More: DeSmogBlog: TransCanada’s Latest Extreme Energy Export Pipelines in the U.S. and Canada