• 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 8 minutes The Coal Industry May Never Recover From The Pandemic
  • 11 minutes China Raids Bank and Investor Accounts
  • 56 mins Biden admits he has been tested for Cognitive Decline several times. Didn't show any proof of test results.
  • 2 hours Putin Forever: Russians Given Money As Vote That Could Extend Putin's Rule Draws To A Close
  • 40 mins During March, April, May the states with the highest infections/deaths were NY, NJ, Ma. . . . . Today (June) the three have the best numbers. How ? Herd immunity ?
  • 19 hours Apology Accepted!
  • 1 hour Tesla Model 3 police cars pay for themselves faster than expected, says police chief
  • 8 mins Why Oil could hit $100
  • 1 hour Putin Paid Militants to Kill US Troops
  • 7 hours The Political Genius of Donald Trump
  • 21 hours U.S. natural gas at major disadvantage in Europe and China.
  • 22 hours Biden came out of his basement today (Thursday) and said , "we have 120 Million deaths from Covid 19.
  • 1 day CoVid in Spain, 9 months before China
  • 1 day Per most popular Indian websites it was Indian troops not Chinese troops breach of LAC that caused the clashes. If you know any Indian media that claim to the contrary please provide the link
  • 1 day The world is headed for big problems - interview with very smart economist
Citigroup: Oil Will Never Return To $100

Citigroup: Oil Will Never Return To $100

Citigroup analysts said on Thursday…

Covid-19 Is Crushing This African Oil Exporter

Covid-19 Is Crushing This African Oil Exporter

Angola, one of Africa’s largest…

Canada Oil Group Urge Political Parties To Be More Pro-Pipelines

Canada’s largest oil and gas industry organization, the Association of Petroleum Producers, has called on all political parties to include in their election programs support for pipeline projects and devise legislative initiatives aimed at speeding up the construction of such projects.

The Canadian Press reports that the CAPP also said in its election wish list that the next federal government could do better by the oil and gas industry, citing chief executive Tim McMillan as saying Canada had lost its competitive edge on the international oil and gas stage as a result of unfavorable policy changes and regulatory updates that have pushed investors away from Canada.

Indeed, a survey by the Daily Oil Bulletin earlier this year suggested that the industry blames both the federal government and the previous government of Alberta for the state the industry is in. As many as two-thirds of the 150 respondents in the survey said they were pessimistic about the immediate prospects of the oil and gas industry, the Daily Oil Bulletin reports, with over a third being very pessimistic. To make the picture even grimmer, only 3 percent said they were very optimistic, with 27 percent expressing some degree of optimism.

Addressing the causes for this pessimism, CAPP’s McMillan said, “With global demand at an all-time high and with global demand increasing at near-record rates and global investment following, it is incumbent on the next government to create conditions necessary for Canada’s oil and natural gas industry to succeed and play a key role on the world stage.” 

The sticking point, of course, is the Trans Mountain expansion project. On LNG, there seems to be a lot less opposition, at least from the provincial government that made it its life’s goal to prevent the Trans Mountain expansion from taking place: British Columbia’s NDP government. John Horgan’s ministers are very pro-LNG and recently even passed legislation to incentivize investors to build more LNG export terminals. On Trans Mountain, however, it will be the federal government that will have the last word, expected later this month.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

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