The Canadian economy is expected to grow 1.5% in 2016 The Canadian economy is expected to grow over the next two years, but the growth of individual provinces will vary widely, according to a report from the Conference Board of Canada. British Columbia, Ontario, Manitoba and Prince Edward Island are expected have GDP growth rates of more than 2%, while
Global Demand for Electricity Expected to Double over the Next Two Decades Asia accounts for a 45% increase in additional new power units being planned or under construction that are currently active. The global collective push for cleaner fuels is driving a push for more natural gas amid a future wave of gas supply and expected low prices. Coal is
Oil surplus about 40% smaller than thought a month ago The global glut of oil is shrinking, and the oil surplus is smaller than it was believed to be a month ago, according to the IEA’s June Oil Market Report. The oil surplus in the first half of 2016 is 800 MBOPD, about 40% smaller than estimated in May, and
43 years after the start of initial construction, the Watts Bar 2 nuclear reactor is set to begin operations The first United States’ nuclear power plant to come online in two decades was connected to the power grid June 3, making it the first reactor to meet new guidelines set by the U.S. Nuclear Regulatory Commission (NRC) following the Fukushima
Bullish or bearish? The chart above shows the total amount of money since August 2, 2011 that has been invested in the Dow Jones Industrial Average (DJIA) – the index – by institutional investors and retail investors via various forms of investment vehicles. In total more than $56 billion has been invested in the DJIA since Aug. 2011. This could
From the Wall Street Journal Natural gas production in the U.S. Northeast could drop sharply in early 2017, says S&P Global Platts, which could cause prices to spike in the coming winter. A large glut of natural gas has built up over the past year as a mild winter cut demand for the heating fuel and production remained high despite
From CBC News At least 200 gas stations affected And it’s not just Edmonton’s pumps that are covered in yellow tape — gasbuddy.com analyst Dan McTeague said there could be as many as 200 stations in Western Canada sitting empty. McTeague said the refinery that went down processes 140,000 barrels of oil a day and supplies gas to cities in interior British Columbia
From the Wall Street Journal A battle is brewing between Energy XXI Ltd.’s junior bondholders and shareholders. The junior bondholders, which have agreed to exchange some $1.45 billion in debt for equity in the restructured company, are objecting to a group of shareholders’ request to form an official committee, according to court papers filed in U.S. Bankruptcy Court in Houston.
