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Source: IHS CERA

Molasses, the viscosity of “natural bitumen”, and the FQD

Next week, the EU is expected to vote on the Fuel Quality Directive which would assign a higher emissions rating to Alberta oilsands than to other sources of crude oil, including some which may or may not actually have higher emissions than oilsands oil. One of the many arguments against this policy made by Canadian government […]

Source: National Energy Board

What would it take for Eastern Canada to run on Western Canadian oil?

Yesterday, I had a lengthy Twitter discussion with Green Party Leader Elizabeth May, on the subject of oil pipelines and energy security.  A few things in the discussion surprised me, and it also forced me to think a lot more about oil infrastructure in this country and to put some numbers to the question, “What would it take […]

Forecasts are wrong, but that doesn't mean we should ignore them

Forecasts are wrong, but that doesn’t mean we should ignore them

Oil price forecasts are wrong.  That’s not going to change. Today’s Alberta budget has one in it, it’s aggressive, and it will be wrong.  Will it be proven to be too high or too low?  I haven’t a clue. But, in a province where approximately 1/3 of future provincial revenue depends directly on energy prices, […]

Local crude prices vs. local gas prices

Local crude prices vs. local gas prices

After my 1700 word rant the other night, I thought I’d tell you the same story with two figures. The first figure shows you two things – the difference between crude oil prices in the Midwest US (WTI in PADD 2) and the US Gulf Coast (Brent or LLS in PADD 3) is shown in […]

Northern Gateway and Gas Prices

“Northern Gateway represents an inflationary price shock which will have a negative and prolonged impact on the Canadian economy by reducing output, employment, labour income and government revenues.” This quote appears in the second paragraph of a report prepared by Robyn Allan, apparently for the Alberta Federation of Labour, as it is included as part of their […]

EIA's import numbers

EIA’s import numbers

Last week, the US Energy Information Administration posted the early release of their Annual Energy Outlook which contains a short summary report and access to some of the data tables which will be included in the document itself when it’s released in April. I was curious to see one element in the data – their prediction […]

Canadian crude oil production to increase 3300% by 2100

I’ve read a lot of wild exaggerations in the debate surrounding the oilsands, and specifically around the Keystone XL pipeline, but I think this study from the Center for Global Development takes the cake.  The study, in effect, equates 21% of the effects of climate change due to projected global emissions between now and 2100 […]

Canada’s climate challenge: 1 out of 3 ain’t good enough.

Canada needs to offer up more than easy soundbites and appeals to Nature editorials to move from a climate change laggard to a leader. Today, Canada re-affirmed its position that it would not be signing on to a new commitment period for the Kyoto protocol, and you can count me among those who expect an […]

Keystone XL decision – more questions than answers.

When I left the house this morning to attend the launch of the Alberta Government’s new Oilsands Information Portal, I was expecting that there might be a question or two on the Keystone XL saga.  It turns out that we just missed the big news story of the day.  Just as the event wrapped up, […]