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OfflineWritten by WISE Member Professor Maurice Dusseault
The combination of the Coronavirus shutdown and the KSA’s (Kingdom of Saudi Arabia) attempted punishment of Russia’s oil producers and America’s shale oil frackers has shocked the Canadian oil industry profoundly. Price collapse happened in a few weeks, and no producers in Canada are profitable at the prevalent prices in the third week of April, 2020. The question in Canada is not how to respond, but how to survive, and the short-term survival options for Canadian producers are few.
Technology:…
OfflineThis week, oil futures fell below $0 per barrel. What happened? What is Canada’s plan for helping the industry at home, and will it be effective?
We put these questions to Professor Jatin Nathwani, Executive Director of the Waterloo Institute for Sustainable Energy.
Originally published by the University of Waterloo.
THURSDAY, APRIL 23, 2020
To see Professor Nathwani answering, click here.
What is happening in the global energy market? Why are we seeing oil prices below $0 per barrel?
Global energy markets are in turmoil for two reasons: a dramatic drop in demand because large parts of the global economy are in a 'lockdown' and the second reason, in simple terms, is that we are in a global recession.
The reason we are seeing oil…
OfflineWritten by Jatin Nathwani, Founding Executive Director of WISE for the Hill Times
WATERLOO, ONT.—Although the final pages on the unfolding human tragedy of the COVID-19 pandemic have yet to be written, the ‘tsunami-scale’ of economic disruption has led to responses by the federal and provincial governments that the most acclaimed of futurists could not have predicted even six weeks ago. If the adage, ‘Do not let a good crisis go to waste’ has any resonance, this is the perfect opportunity to re-set and re-confingure Canada’s energy sector away from dependence on oil and gas.…
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