Posts Tagged ‘oil prices’

Judging by pump prices, Canadian drivers might think oil companies were rolling in profits that only move higher. Lately, though, the big boys in the global oil industry are finding that earning a buck isn’t as easy as it used to be. Royal Dutch Shell, for instance, just announced that fourth quarter earnings would fall [...]


Will Syria Bring an Oil Shock?

Posted by Jeff Rubin on September 3rd, 2013 under SmallerWorldTags: , ,  • 7 Comments

Is the Middle East about to deliver another oil shock to the global economy? The U.S. military has targets picked out in Syria and President Obama is trying to convince Congress that America needs to intervene. If the U.S. does go ahead with tactical strikes against the Assad regime, oil markets will be caught in [...]


How Big is Canada’s Oil Subsidy to the US?

Posted by Jeff Rubin on January 7th, 2013 under SmallerWorldTags: , ,  • 20 Comments

Consider the tale of Suncor and Canadian Natural Resources, two of the largest oil sands producers in Alberta. Outwardly, they may appear quite similar. Each produces hundreds of thousands of barrels a day from the oil sands. And most of that oil eventually ends up in the same place—gas tanks across the continent. The path [...]


Whatever Happened to $200 Oil?

Posted by Jeff Rubin on May 23rd, 2012 under SmallerWorldTags: , ,  • 22 Comments

Four years ago, when I was still chief economist at CIBC World Markets, I forecast that global economic growth was on pace to send oil prices to $200 a barrel by 2012. In short, the argument was based on a supply-driven analysis that weighed the sources of future oil supply against the prices that would [...]


Why is the Arab world convulsing with social and political unrest when triple digit oil prices should be bringing enormous wealth to the region? The answer may be that the link between energy inputs and food prices suddenly makes soaring oil prices a double-edged sword in the world’s largest food importing region. Egyptians are about [...]