Future of oil and gas industry in Canada (specifically Alberta)
Future of oil and gas industry in Canada (specifically Alberta)
(OP)
So being an Albertan and an engineer in the oil and gas sector, I thought I would probe eng-tips to get everyone's take on the future of the O&G industry in Canada.
We've seen these downturns many times before, and usually the recovery begins just a few years after, with the good boom times following a few after that.
For some reason though, it feels like this time is substantially different, given both levels of government doing everything in their power to stifle growth, and the unprecedented level of e-NGO involvement in the regulatory process.
Does anyone have any stories or opinions on where we are at and if/when we may start to claw our way out of this mess?
We've seen these downturns many times before, and usually the recovery begins just a few years after, with the good boom times following a few after that.
For some reason though, it feels like this time is substantially different, given both levels of government doing everything in their power to stifle growth, and the unprecedented level of e-NGO involvement in the regulatory process.
Does anyone have any stories or opinions on where we are at and if/when we may start to claw our way out of this mess?





RE: Future of oil and gas industry in Canada (specifically Alberta)
RE: Future of oil and gas industry in Canada (specifically Alberta)
David Simpson, PE
MuleShoe Engineering
In questions of science, the authority of a thousand is not worth the humble reasoning of a single individual. Galileo Galilei, Italian Physicist
RE: Future of oil and gas industry in Canada (specifically Alberta)
RE: Future of oil and gas industry in Canada (specifically Alberta)
While it is no trivial task forecasting WTI and WCS prices, the following article provides some good insight to it, the thesis being that US monetary policy plays a larger role than most think:
http://www.tradesmartu.com/blog/oil-getting-cheap-...
So who knows, maybe when the FED is forced to change course we will have a movement in WTI & WCS back towards good times again.
Then again we could have a Japanese-esque lost decade in our industry.
RE: Future of oil and gas industry in Canada (specifically Alberta)
RE: Future of oil and gas industry in Canada (specifically Alberta)
RE: Future of oil and gas industry in Canada (specifically Alberta)
And in SK, where conventional oil production is our source of production, investment has picked up as oil went north of 50 bucks. So maybe you need to come east.
RE: Future of oil and gas industry in Canada (specifically Alberta)
If there really is an enormous stockpile of oil going unsold because everyone is waiting for the price to go back up before selling it, well that's both ironic and self-defeating, and will drag out the low-price for even longer.
STF