Category Archives: Oil and Gas

PC royalty miscalculation robs Alberta of $13.5 billion

A royalty miscalculation by Alberta’s governing Progressive Conservatives robbed the province of $13.5 billion, according to a University of Alberta study. Alberta introduced new royalty formulas in 2009, expecting to collect an additional $2 billion per year in royalties, but,

Oil price drop: the windfall and the fallout

By Dr. James Stanford, Unifor Economist A decline in oil prices by half is a major shock for the Canadian macroeconomy. In my judgment—and I actually worked, in another life, as an energy economist for a few years before I

Oil price slump threatens Newfoundland’s new-found prosperity

By Professor Wade Locke Professor, Memorial University of Newfoundland The oil and gas industry has been extremely important to Newfoundland and Labrador. We have produced about 1.5 billion barrels of oil since the industry started in 1997. This had a value