Happy New Year all, though 2023 is well underway. Type A’s have buttoned down 2023’s goals and are doubtlessly already pursuing them with a vengeance. (Us) Type B’s are now wandering aimlessly around gyms, rationalizing abandoned resolutions, and annoying the regulars by dozing off on the equipment. In the energy world, resolutions take a back seat to predictions. Everyone makes them, which is fine - it’s always good to hear others’ thoughts, but the pseudo-precision and forcefulness can get [Read more]
predictions
Pandemic brings forward predictions for peak oil demand
The COVID-19 pandemic this year has dented oil consumption and brought forward forecasts by energy majors, producers, and analysts for when the world's demand for oil may peak. Demand was about 100 million barrels per day (bpd) in 2019 and has yet to recover to that level because of the pandemic. The rise of electric vehicles and a shift to renewable energy has also led to revisions in forecasts. There is no consensus on when oil demand could peak, but the predictions could affect oil [Read more]
Pandemic brings forward predictions for peak oil demand
The COVID-19 pandemic this year has dented oil consumption and brought forward forecasts by energy majors, producers, and analysts for when the world's demand for oil may peak. Demand was about 100 million barrels per day (bpd) in 2019 and has yet to recover to that level because of the pandemic. The rise of electric vehicles and a shift to renewable energy has also led to revisions in forecasts. There is no consensus on when oil demand could peak, but the predictions could affect oil [Read more]
Pandemic brings forward predictions for peak oil demand
The COVID-19 pandemic this year has dented oil consumption and brought forward forecasts by energy majors, producers and analysts for when the world's demand for oil may peak. The rise of electric vehicles and a shift to renewable energy sources were already prompting downward revisions in forecasts for long-term oil demand. BP - Could be as early as 2019 BP forecasts COVID-19 will knock around 3 million barrels per day (bpd) off by 2025 and 2 million bpd by 2050 in its central [Read more]
Predictions of pipeline protest violence derided by organizers from both sides
CALGARY - Pro-pipeline activists who hit the streets in increasing numbers this year to try to drown out anti-pipeline picketers plan to continue to confront their adversaries, even in the face of predictions of protest line violence. Stay-at-home mom and part-time activist Nicole Wapple, 37, of Red Deer, Alta., has been posting information on social media and occasionally taking part in protests for about two years since co-founding Rally4Resources, a self-described grassroots [Read more]
Fox News’ Chris Wallace Confronts Al Gore With His Failed Global Warming Predictions [VIDEO]
“Fox News Sunday” host Chris Wallace confronted former Vice President Al Gore on his 2006 claim that unless drastic action was taken humanity would face a “true planetary emergency” in the next decade. “Unless we take drastic measures the world would reach a point of no return within 10 years,” which Gore said would precipitate a “true planetary crisis” due to man-made global warming. Wallace pointed out it’s been 11 years since Gore made the claim in his 2006 film “An Inconvenient Truth,” and [Read more]
2016 energy predictions are anyone’s guess
No one has any idea what 2016 will bring, but that has not stopped 192 million people from taking a crack at predicting it, according to a quick Google search. It should be safe to say that in the energy business, we are going to see a fascinating collision between new found religions and cold hard truths. Rather than pay attention to predictions, which will sound smart or dumb depending on how close they are to your beliefs, it’s more useful to consider which viewpoints are currently the [Read more]
5 energy predictions that didn’t come true
There have been many energy predictions that were deemed to doom us all that never came to be. Granting the predictors the benefit of the doubt, the claims themselves must stand as they are. In that spirit, gathered below are some of the most historic and gloomy predictions concerning energy that never came true. [Read more]
Highwood Asset Management Ltd. announces fourth quarter and full-year 2023 results, 2023 year-end reserves along with strong operational update delivering current production >6,500 BOE/D
CALGARY, AB, April 16, 2024 /CNW/ - Highwood Asset Management Ltd. ("Highwood" or the "Company") (TSXV: HAM) is pleased to announce financial and operating results for the three and twelve months ended December 31, 2023 and to provide the results of its independent oil and gas reserves evaluation as of December 31, 2023, prepared by GLJ Petroleum Consultants Ltd. ("GLJ"). The Company also announces that its audited financial statements and associated Management's Discussion and Analysis [Read more]
International Petroleum Corporation announces results of Normal Course Issuer Bid
International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 47,400 IPC common shares (ISIN: CA46016U1084) during the period of April 1 to 5, 2024 under IPC’s normal course issuer bid / share repurchase program (NCIB). IPC’s NCIB, announced on December 1, 2023, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No 2016/1052 (Safe [Read more]
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