You see, when wind does okay, never mind great, NO ONE GETS PAID. And the problem with no one making money is no one is making money. That doesn’t last very long.
Energy Realities Podcast: Geopolitical issues and oil. Some interesting discussion about Carney killing the digital services tax to placate Trump, forgoing this thing called “rule of law.”
Saskatchewan is rebuildings its coal fleet. Here’s a chance to hear from Crown Investments Corp and SaskPower Minister Jeremy Harrison explain how this came about. It’s the biggest energy decision in 10 years. If you work in the coal industry in take time this weekend to watch/listen.
Brian Zinchuk: Saskatchewan’s Oil and Gas 20 high school class is everything I hoped for.
“All-in-all, the new Oil and Gas 20 and 30 classes are among the best things I’ve seen the Saskatchewan government do for the oilpatch. Thank you to the premier, ministers who have implemented it (Jeremy Cockrill and Everett Hindley), Saskatchewan Distance Learning Centre. and all in the ministry and oil companies who made it happen. And thank you for having the courage to do so, in spite of the braying criticism.
“For parents in the oil patch whose kids might have an inkling to follow in their footsteps, I strongly urge you to sign them up for next year’s class. This year the numbers were limited. Hopefully that will be expanded. Don’t miss out.
“Our industry needed this affirmation. We matter. And our kids need a chance to learn about it.
“Bravo.”
And for those who might not have seen the initial criticism of the very idea of oil companies getting involved with a class about their industry, from last summer here’s Murray Mandryk and Phil Tank.
I happen to know the CEO who leased a huge amount of acreage in Quebec for natural gas development many years ago. He figures they have enough gas to provide about a third of their own needs. But the Quebec government banned fracking, and that was the end of that. I think they still might be in court over it.
Here’s the key thing: Other media are acting like this is a win – that the deadline has simply been punted to 2050. Well, I actually read through the regulations and realized it’s a bait and switch. In fact, the regulations include an impossible to meet emissions standard for anything that burns anything by 2035. Even if you put carbon capture on every single natural gas and coal power plant in Saskatchewan and Alberta, if the CCS behaves anything like Boundary Dam 3, you won’t get anywhere close to the new standard of 65 tonnes CO2 per gigawatt-hour. So the federal government slyly let people think they’ve punted, when really they haven’t punted at all. Like Lucy, they’re pulling the football away in 10 years and 12 days. (That’s the amount of time we have to build carbon capture on everything. And even if we do, it won’t be good enough. Good luck with that.)
A former Energy and Resources Minister for four years, Eyre is joining Pipeline Online as a regular contributor, both as a columnist and co-host in an upcoming regular podcast that is rapidly coming together. Watch for Eyre’s continuing contributions on Pipeline Online in the weeks and months ahead.
Also:
Alberta wind power generation falls to less than one per cent capacity, once again (Last Friday, it fell to zero. You read that right. Zero.)
And, what’s this Bluesky Social all about? In the interest of staking territory, Pipeline Online is now on this new social media at @pipelineonline.bsky.social. If you’re on there, be the first to follow, I guess?
Oh, and here’s a bonus: the federal government wants to now subsidize radio news as well. Why do I hear the Emperor from the Return of the Jedi cackling in my head?
Jim Warren:Could maximizing Canadian oil production and exports over the medium-term help reduce CO2 emissions for the long-term?
“There is a chasm of disagreement separating climate-concerned policy makers in Ottawa and supporters of the oil and gas sector on the prairies. Each side behaves like they’re playing a zero sum game.”
So yesterday I put over 800 km on my truck to attend a press conference in Saskatoon regarding the report of Saskatchewan’s Economic Impact Assessment Tribunal on the planned greenhouse gas emissions cap on oil and gas production, as well as “Methane 75.” That proposes cutting methane emissions by 75% by 2030.
This is the opening story in what will literally be dozens of pieces on this, as I will be publishing most of the submissions to the tribunal.
The key thing is the Saskatchewan government says an emissions cap is a de facto production cap, and this report bears that out. And for the record, oil and gas, principally oil, is the largest portion of Saskatchewan’s GDP, exceeding even agriculture and potash.
mud
Also, I looked down at my tripod while at the press conference and noticed it’s covered with grey specs of drilling mud from visiting various rigs over the summer. And then I looked around at the other media’s tripods – CTV, Global, CBC, CBC French, some I don’t know. No mud. I wonder why? Go figure.
The hollowing out of Canada’s industrial base continues. A few people said there’s been some new rigs built, but I’ve been told by the industry association those were retrofits.
Canada really has two significant competitors when it comes to providing heavy oil to the US Gulf Coast refinery complex – Venezuela and Mexico. Venezuela’s been driving its self off a cliff in its socialist paradise. And it looks like Mexico’s exports are likely going to collapse, too, according to Peter Zeihan. Gee, if only Keystone XL had been built to supply our heavy oil to their refineries built for that product…
Note: Goldboro was one the leading candidates for a Canadian East Coast liquefied natural gas export facility, the type German Chancellor Olaf Scholz basically begged Canada for. However, Prime Minister Justin Trudeau said there was “no business case,” for Canadian LNG in this context.
But apparently cutting trees to make “sustainable aviation fuel” is quite alright.
Meanwhile, companies keep growing in the oilpatch. I ran into Mike Rose a year ago. He did some work in the Weyburn area a long time ago. Now he’s running Canada’s largest gas producer, which just got bigger.