How much for gas? Around the world, pain is felt at the pump
There’s a global oil price — around $110 a barrel — but no global pump price due to taxes and other factors. In Hong Kong and Norway, you can pay more than $10 per gallon. In Germany, it can be around $7.50 per gallon, and in France, about $8. While lower fuel taxes mean the U.S. average for a gallon of gas is somewhat cheaper at $5, it’s still the first time the price has been that high.
Quick Dick McDick: Little quicks – sow your seed
Some good, clean explanations about one of the most important processes in farming: seeding.
Germany to limit use of gas for electricity production
BERLIN (AP) — Germany’s economy minister said Sunday that the country will limit the use of natural gas for electricity production amid concerns about possible shortages caused by a cut in supplies from Russia.
Experts torn over when ‘demand destruction’ could trigger gasoline price relief
There’s a famous saying that ‘the cure for high prices is high prices,’ but when it comes to gasoline, that may not necessarily be the case.
Experts are torn on when or even if drivers might see significant “demand destruction” — an economics term for a sustained decline in demand for a product due to excessively high prices — at the pumps.
Buffalo Potash to set up research facility in Estevan, looking at commencing drilling later this summer
ESTEVAN - On June 9 during a visit with the Estevan City Economic Development Board, Buffalo Potash Corp. CEO Steve Halabura formally committed to set up a solution mining research and development facility on land owned by the city. The parcel is located beside the...
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Moe and minsters meet with energy industry participants, discuss ESG, increasing oil production
Every so often the Saskatchewan government employs former Prime Minister Stephen Harper to conduct a series of industry consultations. June 16 was such a day, with four different groups meeting with Premier Scott Moe and a number of provincial ministers in Saskatoon to discuss their concerns. Energy representatives were among them.
Russia reduces natural gas through European pipeline again
BERLIN (AP) — Russia's Gazprom announced a reduction in natural gas flows through a key European pipeline for the second day in a row on Wednesday, hours after Germany's vice chancellor said its initial move appeared to be political rather than a result of technical...
Biden tells oil refiners: Produce more gas, fewer profits
President Joe Biden on Wednesday called on U.S. oil refiners to produce more gasoline and diesel, saying their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record high prices at the pump.
“The crunch that families are facing deserves immediate action,” Biden wrote in a letter to seven oil refiners. “Your companies need to work with my Administration to bring forward concrete, near-term solutions that address the crisis.”
Brian Crossman: Brad Wall for prime minister!
I have several friends that always ask me, “When is Brad Wall running for prime minister?” The guys asking are almost exclusively from Alberta; Calgary, in particular. I think that the reason they ask is based on two things. One, the less-than-desirable federal...
David Yager: Global Energy Show signals Canada’s oil and gas recovery and strong future. This industry has been down but will never be out
Based on the current global energy realities, “Rumors of our demise has been greatly exaggerated.”
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Bronwyn Eyre’s final speech after four years fighting for energy as Minister of Energy and Resources
Bronwyn Eyre’s been fighting for the energy sector for four years. This is her final speech as Minister of Energy and Resources.
Whitecap Resources’ big CO2 plans, according to Grant Fagerheim, Saskatchewan Oil Person of the Year
On June 1, Whitecap Resources CEO Grant Fagerheim was honoured as Saskatchewan’s Oil Person of the Year. A lot of that had to do with how he is leading his company in major developments in carbon dioxide capture, utilization and storage, particularly at the Weyburn Unit.
And the scope of these initiatives keeps getting bigger and bigger.
Brian Zinchuk: I may have to register as a journalist and news organization with Facebook, and that deeply concerns me
If Poilievre’s speech is verboten, then what the hell is allowed? Who, among us, can say anything?
Facebook rejects boosted post of a Pipeline Online news story regarding Pierre Poilievre
I wrote a story which was the entire verbatim speech Pierre Poilievre delivered to the Saskatchewan Oil and Gas Show. Facebook would not allow me to run an ad promoting that story. And if you don’t pay Facebook (Meta) to push your content out, it will hardly show it to anyone. When Poilievre speaks of “gatekeepers,” this is precisely what he is referring to. It is very real.
Cenovus scoops up remainder of Sunrise from BP, swapping Bay du Nord to BP
CALGARY – As foreign companies move away from their investments in Canadian oil and gas, particularly the oil sands, Cenovus Energy Inc. is one of the domestic producers that has been stepping into the void. While the trend has been dramatic decrease in foreign...
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Poilievre speaks of the consequences of the relentless ideological drive to attack the energy sector
WEYBURN – Pierre Poilievre is the leading candidate for the leadership of the Conservative Party of Canada. He made the effort to attend and speak at the Saskatchewan Oil and Gas Show in Weyburn on June 1. That was a key day, because the next day, party membership sales closed.
Poilievre had laid the groundwork three years ago, attending and briefly speaking at the same oil show in 2019.
He had a lot to say about energy. You can watch the speech on YouTube, below, or you can read his entire speech, verbatim, further below.
The AP Interview: Sri Lanka PM says he’s open to Russian oil
COLOMBO, Sri Lanka (AP) — Sri Lanka may be compelled to buy more oil from Russia as the island nation hunts desperately for fuel amid an unprecedented economic crisis, the newly appointed prime minister said. Prime Minister Ranil Wickremesinghe said he would first...
Biden vows to battle inflation as prices keep climbing
LOS ANGELES (AP) — In President Joe Biden’s estimation, the U.S. is in a strong position to overcome the worst inflation in more than 40 years. But so far, inflation just keeps getting the better of the U.S. economy and of the Biden administration.
The president’s policies, his deals with the private sector, regulatory actions and public jawboning have failed so far to stop prices from marching upward.
Biden on Friday pledged to keep fighting against inflation while touring the Port of Los Angeles, America’s busiest port and a place that the White House said last October would be key for reducing price pressures.
Biden juggles principles, pragmatism in stance on autocrats
By Aamer Madhani in Washington WASHINGTON (AP) — As a candidate for president, Joe Biden was not shy about calling out dictators and authoritarian leaders as he anchored his foreign policy in the idea that the world is in a battle between democracy and autocracy. But...
Rupen Pandya SaskPower’s new CEO
SaskPower announced on June 10 that after a nationwide search, Rupen Pandya will be the company’s new president and chief executive officer (CEO), effective July 1. He replaces interim president and CEO Troy King and previous long-term CEO Mike Marsh.
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Cenovus CEO says future of energy is ‘diversification’, not ‘transition’
CALGARY — The clash between the world's thirst for energy and the need to reduce emissions to mitigate climate change is the single biggest issue facing Cenovus Energy Inc. right now, the chief executive of the Calgary-based company said Tuesday....
Crown land sale back to usual range after a big jump two months ago
REGINA – After a big jump in the previous Crown land sale, the June sale fell back to a more sedate pace, typical of the last several years.
The June 7 public offering of Crown petroleum and natural gas rights raised $2,934,410 for the province, representing an increase of $2.4 million compared to the June 2021 offering.
U.K.-style ‘windfall tax’ an unacceptable idea: Alberta energy minister
As governments around the world grapple with how best to assist citizens with the rising cost of living, Alberta’s energy minister is warning that anything resembling the U.K.’s so-called “windfall tax” on the profits of oil and gas companies must not be implemented in Canada.
Jim Warren: COVID-19 and climate change. How much will people take?
Perhaps there is something about the rarefied air of the Laurentians that convinces our policy making elite that their mantle of virtue and belief in our impending doom places them beyond the mortal bounds of common sense and the realities of social and economic life for most of us. Claims about following the science that are assumed to add a cachet of rationality and “truth” to their positions won’t be sufficient to avoid dissent and conflict.
Taxes potentially uncollected: Saskatchewan years behind on potash, oil audits
REGINA — The Saskatchewan Ministry of Energy and Resources is years behind on auditing potash, oil and uranium companies, potentially leaving millions of dollars in royalties and taxes uncollected, says the provincial auditor.