BC Economy to Get a $5.8 Billion Boost from LNG Canada

The differential between natural gas prices in North America and Asia underscores the benefits of exporting natural gas in liquefied form. British Columbia’s economic growth can expect a significant boost starting around 2019 and 2020 from the $40 billion LNG Canada project, through increased employment and non-residential construction. And Canadian natural gas producers can expect

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Deep Divisions Hinder Canadian Oil Patch in Fight of Its Life

The issue is whether Alberta’s government should mandate industry-wide production cuts that might help clear the province’s glut of oil. Amid the worst crude-price environment in its history, the Canadian oil industry is being hamstrung by internal divisions that are making it harder to rally around potential solutions. Most notable is the split between Canada’s

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Gasoline: The New Junk Product?

Gasoline’s value against diesel started collapsing around August and hasn’t stopped sliding since. Once the oil industry’s star product, gasoline is now losing oil refineries money in Europe and has plunged in value against diesel, its main competitor. How did this happen? The simple answer is that gasoline supply has massively outpaced demand. That’s illustrated

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