• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Does Toyota Know Something That We Don’t?
  • 5 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 2 days World could get rid of Putin and Russia but nobody is bold enough
  • 1 day America should go after China but it should be done in a wise way.
  • 5 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 4 days China is using Chinese Names of Cities on their Border with Russia.
  • 5 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 4 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 10 days huge-deposit-of-natural-hydrogen-gas-detected-deep-in-albanian-mine
  • 5 days Putin and Xi Bet on the Global South
  • 5 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 6 days United States LNG Exports Reach Third Place
  • 6 days Biden's $2 trillion Plan for Insfrastructure and Jobs

Breaking News:

U.S. Crude Oil, Gasoline Inventories Boom

Editorial Dept

Editorial Dept

More Info

Premium Content

Alberta Prepares Its Oil Weapon

Politics, Geopolitics & Conflict

- Newly sworn in Alberta Premier Jason Kenney signed into law a bill that gives the province the option to simply close the taps on oil flowing to neighboring British Columbia in a new effort to push through the Trans Mountain pipeline expansion project that BC is fighting. Kenney says the point is not to deliberately cut shipments to B.C. Instead, he’s seeking the ultimate leverage in the Trans Mountain battle. The BC government has responded with a constitutional challenge to attempt to block the law. Turning off the taps is a desperate move as Alberta needs Trans Mountain to ship more fuels to BC. But that isn’t Alberta’s only problem: It also needs more refineries to produce more fuel.

And as this transportation saga continues, producers are taking the hit. A junior Canadian gas E&P company, Trident Exploration Corp., abruptly shut down this week, simply abandoning some 4,700 wells and telling shareholders and bondholders that they wouldn’t be seeing any reimbursement. Trident doesn’t have the funds to operate or the ability to enter into credit protection. That means Canada now has seen a total of 7,700 wells abandoned. (Note the flipside of this with Suncor energy earnings, above).

- In Libya, General Haftar’s offensive continues without advancing further into Tripoli, but now he is using the National Oil Company (NOC) facilities for military purposes. He has seized the NOC’s…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News