Oil market turmoil may well benefit consumers

The push and pull of conflicting factions may be providing some relief to consumers

Oil market turmoil may well benefit consumersLast week ended on a calmer note for crude oil markets and major oil-producing countries. Crude oil prices fell slightly as the week ended, finally hovering a little below the recent highs. Forecasts of a warm U.S. winter put some brakes on the price rally that carried the crude markets beyond $86 a barrel early…

We need a Plan B to deal with climate change

Adapting to a changing climate is the only feasible option

We need a Plan B to deal with climate changeDrawing heavily from physicist Steven Koonin’s recent book – Unsettled: What Climate Science Tells Us, What It Doesn’t, and Why It Matters – my last column looked at some of the challenges involved in getting to global carbon-free by mid-century. Koonin actually calls it “a practical impossibility.” Now let’s talk about contingency planning. If carbon…

Climate summit forced to confront inconvenient truths

Movement to reduce global emissions toward net-zero is still too slow

Climate summit forced to confront inconvenient truthsWith the United Nations climate summit in Glasgow scheduled to open on Oct. 31, global powerhouses are coming up with their annual energy outlooks earlier than the customary November. With climate issues coming to the forefront at the COP26 summit, most of these reports and analyses are meant to help world leaders make decisions. But…

What happens to climate talks in the face of rising oil prices?

Decision to open the taps and let the markets surge comes just before UN Climate Change Conference

What happens to climate talks in the face of rising oil prices?Rapid moves with long-term ramifications are being made on the global energy chessboard. Early last week, the Organization of Petroleum Exporting Countries and its allies in OPEC+ opted to stick to their original plan and gradually open the crude oil taps. After their Oct. 4 ministerial meeting, OPEC+ said it had “reconfirmed the production adjustment…

Raising corporate tax rates will hurt us all

Raising corporate taxes would hurt firms’ profitability and growth. Employment and wages would suffer

Raising corporate tax rates will hurt us allThe finance ministers of more than 130 nations and territories have arrived at a tentative agreement to create a tax floor⁠ – a minimum corporate tax rate of a proposed 15 per cent. Its proponents, sadly including Canada, claim it will create a "level playing field" and stop a "race to the bottom." Some nations face…

Europe remains dependent on imported oil from repressive states

Its policies on renewable energy mean that dependence will only deepen

Europe remains dependent on imported oil from repressive statesBy Mark Milke and Lennie Kaplan Canadian Energy Centre One of the more bizarre developments in Europe in recent years has been the twin policy path in which fossil fuels are discouraged in favour of wind and solar energy, but deals are struck with autocracies such as Russia to import more fossil fuel via pipelines.…

Crude oil prices are soaring as production slows

A global energy crunch could help propel prices above US$100 a barrel

Crude oil prices are soaring as production slowsAll eyes are focused on the Organization of Petroleum Exporting Countries and its allies in OPEC+ as they meet today. With crude oil prices touching US$80 a barrel and prospects of hitting US$100 this winter looming large, markets are on edge. The market trajectory is virtually impossible to delineate. A global energy crunch could help…

Warning shots fired over cryptocurrencies?

China's crackdown on cryptocurrencies may be the first shot in its battle for financial dominance

Warning shots fired over cryptocurrencies?Canadian and British regulators are on an entirely different wavelength to a significant portion of the cryptocurrency market and industry. They have implemented new regulations and cast doubt on the future of decentralized digital currencies. The moves come as China is cracking down on all but one form of cryptocurrency, forcing Bitcoin miners out of…

Why wind and solar energy aren’t the answer to reducing global emissions

Wind and solar farms replacing the 84% of global energy from fossil fuels is technically impossible

Why wind and solar energy aren’t the answer to reducing global emissionsIn a previous column I pointed out that since switching coal-fuelled power plants to natural gas cuts CO2 emissions in half, exporting liquefied natural gas (LNG) to displace coal benefits our economy and reduces global emissions. And that since converting gasoline and diesel-fuelled vehicles and ships to natural gas cuts emissions by 25 per cent,…
1 2 3 13