Oil by Rail

05/02/19
Author: 
John Ivison
Finance Minister Bill Morneau speaks with reporters about the Parliamentary Budget Officer's report on the Trans Mountain pipeline outside the House of Commons Thursday.Adrian Wyld/The Canadian Press

Morneau may not have been fleeced, but certainly paid at the high end of the valuation scale, apparently assuming that everything would proceed smoothly

January 31, 2019
 

The sticker price Kinder Morgan put on the Trans Mountain pipeline when it entered negotiations with the federal government last year was $6.5 billion. Hence, finance minister Bill Morneau and his team thought they’d scored a bargain when they sealed the deal at $4.4 billion.

But it looks increasingly like he may bought a cat in a sack.

27/12/18
Author: 
Will Horter

Dec 26, 2018 - We are being inundated with discount frenzy and it’s not just annoying, it could be life-threatening.

I’m not talking about the onslaught of huckster ads encouraging us to buy, buy, buy on Black Friday, or even today, Boxing Day. No, the truly crazy-making discount frenzy is the barrage of half-truths, misinformation and outright lies blaming Alberta’s woes on the so-called discount on Canadian oil. That’s some serious snake oil (aka propaganda) that is sabotaging our chance to keep the world habitable for our children.

22/11/18
Author: 
David Ljunggren and Rod Nickel and Julie Gordon

OTTAWA/VANCOUVER — Canada’s federal government is considering a proposal from its main oil producing province of Alberta to share the cost of buying rail cars to move oil stuck in the region because of a lack of pipeline capacity, said two sources with direct knowledge of the matter.

08/11/18
Author: 
SUSAN CAKE , EMMA JACKSON , ERIC PINEAULT , IAN HUSSEY

Nov 8, 2018 -  This report analyzes the economics of the five largest bitumen-extractive corporations in Canada. The “Big Five” are Suncor Energy, Canadian Natural Resources Limited (CNRL), Cenovus Energy, Imperial Oil, and Husky Energy. We examine the key features of the five firms and analyze their accumulation dynamics in the context of the latest commodity cycle: boom (2004–2014), bust (2014–2016), and restructuring and consolidation (2015 onward).

03/11/18

Meet the self-described ‘sinister seniors’ taking a stand against Trans Mountain — and going to jail for it..

[For more, go to this Facebook site.]

23/10/18
Author: 
Canadan Press

Alberta Premier Rachel Notley is proposing Ottawa get into the crude-by-rail business — at least temporarily — so that producers in her province can get a better price for their oil. 

“We are in the midst of putting together a specific business case that we'll be taking to the federal government late this week, early next week, where we lay out the specific costs,'' Notley said Monday following a meeting with energy industry leaders in Calgary.

15/10/18
Author: 
PAUL MCKAY

One week ago, the price American refineries will pay for a barrel of Alberta bitumen fell to just below US$30. A seismic jolt raced through the tar sands/oil sands industry, because that price would barely allow even the biggest, most profitable operators to recover operating costs.

14/10/18
Author: 
CJANET FRENCH

[Webside editor: Watch Tzeporah Berman's speach to the Alberta Teachers Conference here.]

To invest in Alberta’s oil industry, or back away slowly, was the question at the crux of a rift between Alberta Premier Rachel Notley and environmentalist and policy adviser Tzeporah Berman last weekend.

09/10/18
Author: 
Paul McKay

Last August 29 was not just a ‘wake up and smell the coffee’ moment for federal and Alberta politicians pushing to accelerate future tar sands/oil sands expansion plans.

It was a morning where the coffee urn figuratively tipped over and bestowed third-degree burns.

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