Hey Canada, how’s it going? I see y’all looking at Alberta these days. Totally understandable. It is a big deal when one province actually formally puts the separation question to its citizens. Or, asks them if they would like to take that next step. Maybe Quebec is used to the attention, but as a first timer I can say it is odd, as I am sure it is for most Canadians. My wonderful network spans the country, from which come the comments, the consternation, the concern, the anger, the [Read more]
The Great Trump-driven Pre-Referendum Pipeline/Infrastructure Build Out: great to see but tread wisely
Perspective is everything, particularly with respect to the blizzard of energy infrastructure announcements. Industry readers here will fall into two groups: those with more than a decade in Canada’s upstream energy sector, who will be identifiable by a countenance of total disorientation. The other group less hardened group will be observing the absolute torrent of new energy development news, and be thinking, “What’s up with those old guys? Shouldn’t they be over the moon?” Both viewpoints [Read more]
News Inoculant
It seems a safe assumption that people are not dealing all that well with the current global state of affairs. Fair enough, there are two significant wars going on, that directly or indirectly involve the world’s superpowers, and that is a fairly reasonable justification for having one’s cage rattled right there. Compounding the problem is society’s modern habit of using those events as a catalyst to fight about absolutely everything. That habit is a natural extension of two big forces at play: [Read more]
Everyone thank Trump?
I haven’t had hate mail in ages. Social media is the safest way to get a fix, it takes mere seconds, but over here it takes more work. That title above oughta do it. But I’m not kidding. Had the 2024 US election gone the other way, the chance that Canada would be pointed in the direction it is now is virtually zero. We are, ironically, heading down a much stronger path because we have been forced to deal with...all that. To acknowledge that point isn't to condone everything we see and hear, [Read more]
Bad credit blues: It’s complicated
One of the greatest financial lessons or benefits I ever received was long ago in university when RBC started handing out credit cards to students. Look at me, I’m an adult! I would think, as I slapped it down in the pub. The beauty of the card was that it had a $500 limit, because banks aren’t stupid. But young people certainly can be. For a young person learning their way in the financial world, that chained beast was the best possible introduction to credit, ever. The first month of [Read more]
A blown call – global oil and gas production industry is indeed fully up to meeting future demand growth
Predicting what will or will not happen in the future is generally not the wisest thing to do, because random events and developments create eternal chaos, but we all fall off the wagon sometimes. Doing so requires, at some point, being ready to eat your words when reality fails to heed my advice and does whatever it wants. And there is no better time for word-eating than in the heart of summer when many are on holidays. It beats making retractions in size 4 font, which is the lowest-grade yet [Read more]
The shallow gas conundrum – an asset too great to lose
Y2K, in case you missed it, was quite the spectacle. Or, better said, the run-up to Y2K was quite the spectacle. Speculation ran rampant, because internal logic of mainframe computer systems (that ran everything in society) was based on a two-digit year count, meaning when Y2K hit, the computers would be utterly confused and not know if it was 1900 or 2000, and everything bad would happen. Planes would fall from the sky. Power grids would collapse. Banks would cease to function. People began [Read more]
Break one kind of infrastructure to build another
Anyone suggesting we ‘advance’ trade discussions with the US by threatening to cut off or otherwise hinder energy supplies should be locked in a cage with a wolverine and a suppository and a mandate. I wish I was joking. But I’m not. The idea is so…bad. People. People. Stop hyperventilating. Stop throwing out panicked and insane ideas. Stop. Think. As a starting point, maybe think twice about threatening the energy supply of the most powerful nation on earth, the one that we overwhelmingly [Read more]
Before hating rich people, please read this first
A great many people have become upset because Elon Musk has become a trillionaire, so upset that they have started to, in significant numbers, show appreciation for communists. In this highly divided world that seems almost natural; an achievement on one side drives a reaction of similar amplitude in the other. . We can’t do much about those two mindsets; dynamite or even a pick axe won’t dislodge such thinking because it is bound to people’s sense of self. Not everyone likes jazz, or [Read more]
Canada/US birthday week – are we getting wiser or just older?
Some birthday season it’s shaping up to be. Canada now has two provinces considering separation, while the US’ coastal regions are now voting in communists and refusing to celebrate 250 because of Trump Derangement Syndrome. Kind of puts a damper on the birthday celebrations. It’s worse than getting a pair of socks. Is it the end of good days, or the beginning of something better? It is easy to see the negative, because holy moly there’s a lot of it, and also because it is thrust into our [Read more]
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