‘Canada is on sale’: Grim mood dominates energy industry’s biggest party amid oil glut, job losses

CALGARY — in Canada’s oil capital this week, even though a recent pipeline approval gives them something to celebrate amid the rodeo competitions, corporate parties and pancake breakfasts.

“The unpredictability of getting pipelines built has kept capital out of Canada and it’s not getting any better,” RS Energy analyst Samir Kayande told Reuters in a phone interview. Many feel if Alberta could increase market access by building more pipelines, producers could unlock billions more barrels of bitumen and boom times would return to Canada, home to the world’s third largest oil reserves.

The key word is “if.” One Calgary-based source at a major Canadian midstream company noted that he was in junior high when Keystone XL was first proposed, so he is skeptical about the recent Trans Mountain approval.

😢😢

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

On the right — Mexico’s new finance minister, about to oversee a weakening economyMexican Finance Minister Arturo Herrera looked downcast as President Andres Manuel Lopez Obrador introduced him.
Herkunft: GlobalNational - 🏆 81. / 51 Weiterlesen »

Down to Business podcast: How carbon capture could transform Canada’s economy and energy industryDown to Business podcast: How carbon capture could transform Canada's economy and energy industry What NP won't report ... ⚡️GOOGLE ENGINEER BLOWS WHISTLE: 'Are we going to just let the biggest tech companies decide who wins every election from now on?' GoogleExposed Why would we do that? Our CO2 is greening the planet. There is no evidence CO2 is causing any climate change. Climate change is normal and natural caused.
Herkunft: nationalpost - 🏆 10. / 80 Weiterlesen »