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FirstEnergy Capital

More on upgrading and refining in Alberta

This week, the question of whether or not and, if so, how, the Government of Alberta should encourage upgrading and/or refining of bitumen in the province is back on the front page.  Much of this coverage is due to backlash over the Government’s decision to not proceed with the Alberta First Nations Energy Center (AFNEC) […]

Data: Statistics Canada and the US EIA, Author's Figure

When you fill up your tank, thank our “petrodollar”

Last night, I wrote a long post on exchange rates, and discussed the impact of the Canadian dollar appreciation on our purchasing power. As usual, the best way to demonstrate that increase in purchasing power is with a graphic, so here you go: What you’re looking at is the relative changes in gas prices, in local […]

Source: CERI (http://www.ceri.ca/images/stories/CERI%20Study%20122.pdf)

On exchange rates and the importance of “net” exports

Last week, BC economist Robyn Allan weighed-in on the McGuity-Redford fiasco with a post of the effect of oil extraction on the Canadian dollar, and the knock-on effects of a high dollar on Canadian industry, including the oil and gas sector.  Ms. Allan makes some important points, some which surprised me, but she also makes […]