David Yager: 2022 – the year fossil fuels once again became a preferred source of reliable, affordable energy
The global energy complex is under assault by Russia’s invasion of Ukraine, the exposed shortcomings of wind and solar, years of underinvestment in fossil fuels, and rising inflation and interest rates.
But for the past ten years, there has been an all-out crusade against fossil fuels. Oil company CEOs were branded climate criminals. It was morally reprehensible to own fossil fuel company shares or loan money to oil, gas or coal producers. Elections were won in Canada, the US and in Europe on pledges to replace fossil fuels.
Canadian oilpatch likely to surpass 2022’s production record, but only slightly
CALGARY — Canadian oil and gas companies are expected to increase spending in 2023, but analysts say it will be another year of modest growth and not a return to boom times.
For Canada’s energy industry, 2022 was the year that finally snapped a decade of weak commodity prices and brought prosperity back to the sector. With the lifting of global pandemic restrictions, the war in Ukraine, and the cumulative impact of years of under-investment in oil and gas, energy prices hit record highs in 2022 and Canadian companies reaped record profits.
Year End with Premier Scott Moe, Part 4: Lithium, helium, rare earth elements, oil
Pipeline Online editor Brian Zinchuk spoke with Premier Scott Moe on Dec. 12 in a year-end interview. In Part 4, Moe discussed lithium, helium, rare earth elements, potash, copper, uranium and agriculture value-added processing. “We have the fuel of today, but also the fuel of tomorrow, in our province,” Moe said. Also, Moe is asked about provincial geologists who’ve done pioneering work in these areas.
Year End with Premier Scott Moe, Part 3: Investment reluctance, LNG and Germany, nuclear
Pipeline Online editor Brian Zinchuk spoke with Premier Scott Moe on Dec. 12 in a year-end interview. In Part 3, Moe discussed how companies are reluctant to invest in oil and gas due to the federal government, Germany being snubbed on LNG, making a decision on nuclear sooner than later, impacts on Estevan Coronach and Elbow, and Clean Electricity Standard
Year End with Premier Scott Moe, Part 2: oil prices, differentials, federal issues, pipelines and immigration
Pipeline Online editor Brian Zinchuk spoke with Premier Scott Moe on Dec. 12 in a year-end interview. In Part 2, Moe discussed the war in Ukraine is not over, but oil prices are lower than they were before it started, federal government causing a lack of investment in oil, oil price differentials, pipelines, crude-by-rail, immigration and birth rates.
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