• 5 minutes Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 11 minutes Saudi Fund Wants to Take Tesla Private?
  • 17 minutes Starvation, horror in Venezuela
  • 3 hours WTI @ 67.50, charts show $62.50 next
  • 1 hour Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 2 hours Mike Shellman's musings on "Cartoon of the Week"
  • 7 hours Venezuela set to raise gasoline prices to international levels.
  • 12 hours WTI @ 69.33 headed for $70s - $80s end of August
  • 1 hour Batteries Could Be a Small Dotcom-Style Bubble
  • 7 hours Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 14 hours Renewable Energy Could "Effectively Be Free" by 2030
  • 19 mins Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 13 hours Corporations Are Buying More Renewables Than Ever
  • 2 hours Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 18 hours Again Google: Brazil May Probe Google Over Its Cell Phone System
  • 3 hours France Will Close All Coal Fired Power Stations By 2021
Alt Text

Can China Afford To Slap Tariffs On U.S. Oil?

China’s latest round of tariffs…

Alt Text

$90 Oil Is A Very Real Possibility

Saudi Arabia appears intent on…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

Global Energy Advisory - 2nd February 2018

Canada Oil

Canadian drillers are moving rigs to Texas chasing better business opportunities south of the border in yet another sign that the U.S. oil industry is in full growth mode. Naturally, the main destination is the Permian – the hottest spot in the American shale patch.

Demand for rigs is so high, Canadian drillers say, that some of them may not return to Canada despite the logistics. In fact, some U.S. clients are willing to take on the relocation costs of the rigs in a bid to attract more rigs.

According to drilling company executives, there is a feeling that the Canadian government is turning a blind eye to their woes, while Washington is supporting the industry, which is hardly surprising given President Trump’s energy dominance agenda.

Canadian pipeline capacity expansion is being stalled or challenged and production costs are rising, these executives say, making their job at home more difficult, while south of the border taxes are being lowered and production costs are falling, making the Lower 48 an irresistible temptation for Canadian drillers.

This seems like yet another sign that despite the legitimate environmental agenda of the federal authorities in Ottawa, demand for crude, or rather, demand for local crude, in Canada’s southern neighbor, is growing. Meanwhile, British Columbia’s outspokenly anti-oil government earlier this week found another way to delay Kinder Morgan’s Trans Mountain pipeline expansion.

The…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News