Crude oil skyrocketing

[burnt]

Some karma being dished out today.

[ATTACH]9085[/ATTACH]

A successful outcome to this protest would be so intersecting to watch.

So interesting.

[jazz]

A successful outcome to this protest would be so intersecting to watch.

So interesting.

Quebec and Ontario are the ones with stranded asset risks, not AB. If renewables are pushed through, the US sure as hell wont buy it from Quebec. And if EVs are forced, they sure as hell wont be made in Ontario.

Always be a home for AB energy, if not here then as exported LNG through the US network to the extra 2B people being added to the world in the next 30 yrs.

[errolanderson]

Good news; Diesel fuel prices appear breaking . . . .

[Guest]

A successful outcome to this protest would be so intersecting to watch.

So interesting.

how cool is that ?!!

[errolanderson]

Good news; Diesel fuel prices appear breaking . . . .

Dec crude broke below $80 per barrel this aft. RBOB gasoline slammed 4.5 percent lower. Broad-based commodity pressure possible overnight (IMO).

Technicals suggest next move toward $77 per barrel suggested by some analysts.

This oil sell-off may give the commodity world and inflation a-shake. We’ll see . . . .

[farming101]

Two Headlines:

Sept 15, 2020: Analysis: World has already passed ‘peak oil’, BP figures reveal

https://www.carbonbrief.org/analysis-world-has-already-passed-peak-oil-bp-figures-reveal

Nov 2, 2021: BP: Oil Demand Has Already Topped 100 Million Bpd

https://oilprice.com/Energy/Energy-General/BP-Oil-Demand-Has-Already-Topped-100-Million-Bpd.html

[AlbertaFarmer5]

Two Headlines:

Sept 15, 2020: Analysis: World has already passed ‘peak oil’, BP figures reveal

https://www.carbonbrief.org/analysis-world-has-already-passed-peak-oil-bp-figures-reveal

Nov 2, 2021: BP: Oil Demand Has Already Topped 100 Million Bpd
https://oilprice.com/Energy/Energy-G...llion-Bpd.html

Predictions are hard. Especially about the future.
So oil demand is back over 100 million bpd. With global flights in 2021 still at half their 2019 level.
People still working from home, conferencing from home, big public events still scaled back or cancelled, 2 more years of growth in the EV and alternative energy markets, 2 more years of divestment in fossil fuels, and pledges by politicians, etc.
What will demand be when we get back to normal?

[farming101]

International Energy Agency forecasts 104.1 for 2026

Normal?

[burnt]

how cool is that ?!!

Maine referendum deals blow to Hydro-Québec project


Maine residents vote to halt construction of transmission line worth billions in revenue to Quebec utility

https://www.cbc.ca/news/world/maine-vote-hydro-quebec-1.6233569

[jazz]

If anyone has an hour to spare, Eric Nuttall on BNN was a great interview. He goes through all the oil and gas stocks he owns and others. Very illustrative.

But hidden in the interview was a little important tidbit. His insiders are saying Trudeaus COP talk was all virtue signal BS for the chuck and greta crowd. The feds need oil to dig out of our fiscal grave and they arent going to do anything drastic against the industry.

Says there is will be an announcement that carbon capture will be the mode of emissions reductions and the govt actually paying oil companies to blow CO2 back into formations.

Not great news for farmers as we get zero recognition for our efforts I guess. But at least one of our major sectors isnt gutted. Maybe we will all have those exhaust capture systems soon.

Alberta bullish on hydrogen strategy that relies heavily on carbon capture technology
https://www.cbc.ca/news/canada/edmonton/alberta-bullish-on-hydrogen-strategy-that-relies-heavily-on-carbon-capture-technology-1.6239097

[Guest]

Maine referendum deals blow to Hydro-Québec project


Maine residents vote to halt construction of transmission line worth billions in revenue to Quebec utility

https://www.cbc.ca/news/world/maine-...ebec-1.6233569

do you think they feel like alberta?
betcha numbnuts goes to bat for hem

[Ooofty]

The average 747 jet holds about 50,000 gallons of jet fuel, basically diesel. That they burn per day. That is enough fuel to produce how much food? And farmers are made out to look like we are evil polluters.

Is there anyway we can find out how much fuel trudo burnt on his trip to Tofino??

[Guest]

Is there anyway we can find out how much fuel trudo burnt on his trip to Tofino??

a lot less than the flock of jets used that he took to scotland

[jazz]

This is an interesting read. Alberta's true oil reserves (Original Oil In Place) are more than 2 Trillion bbls almost half of it technically recoverable.

There is another oil bearing formation under the current one they are working on. Amazing wealth there.

https://macdonaldlaurier.ca/files/pdf/PRIARO%C3%94%C3%87%C3%B6inside%20policy.pdf

[AlbertaFarmer5]

This is an interesting read. Alberta's true oil reserves (Original Oil In Place) are more than 2 Trillion bbls almost half of it technically recoverable.

There is another oil bearing formation under the current one they are working on. Amazing wealth there.

https://macdonaldlaurier.ca/files/pdf/PRIARO%C3%94%C3%87%C3%B6inside%20policy.pdf

That sounds like an impressive amount of oil.

At the current demand of 100 million barrels per day, the recoverable portion is less than 8 years of worldwide usage.