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Lower prices for Canada's shale oil and Canada's economy, the impact in 2013-2016
02/20/2009
The significant impact on the Canadian economy and on Alberta of the lower prices for Canada's shale oil. Discounts for Canada's shale oil relative to Brent crude benchmark international oil pricesand U.S. benchmark price range from 20 to 50%. Canada's shale oil was Dat $80 per barrel in April 2013, compared to $94 for U.S. benchmark price and $106 for Brent international crude oil price. This has reduced GDP in Canada for 2012 by 0.4% for the second half of 2012, according to Canada's central bank. GDP growth is sluggish at 1.8% for 2012. The impact in lower government tax and royalty revenues is significant for Alberta.
Grouped Articles
Trade and Oil on Agenda as Obama Visits Canada
New York Times 02.20.2009
Canada Looks to Sell Its Oil Beyond U.S.
Wall Street Journal 08.23.2013
Oil Markets Fly Into a Perfect Storm
Wall Street Journal 10.09.2014
Oil companies: Unsustainable energy
Economist 10.14.2014
Oil prices plunge as production rises, fueling concern in OPEC - The Washington Post
Washington Post 10.15.2014
Global Oil Glut Sends Prices Plunging
Wall Street Journal 10.15.2014
The Oil Price Swoon Won’t Stop the Shale Boom
Wall Street Journal 10.23.2014
Oil Slide Deepens, Ruble Crumbles
Wall Street Journal 12.01.2014
Oil Prices Slip Further After IEA Report
Wall Street Journal 12.12.2014
Oil Prices Plunge With Brent Crude Below $60
Wall Street Journal 12.16.2014
Oil Prices Tumble to Fresh Lows
Wall Street Journal 01.06.2015
Wall Street Journal 01.06.2015
Oil-Product Prices Fall as Supplies Climb
Wall Street Journal 01.08.2015
The new economics of oil: Sheikhs v shale
Economist 01.13.2015
Slumping Oil Prices Hit Calgary Housing
Wall Street Journal 02.23.2015
Canada Budget Aims to Stoke Business Investment
Wall Street Journal 04.21.2015
Left-Leaning Party Sweeps to Power in Canada’s Oil-Rich Alberta
Wall Street Journal 05.06.2015
Oil Markets: Use Your Illusion
Wall Street Journal 05.14.2015
U.S. Oil Prices Hit Fresh Six-Year Low, Dipping Below $40 a Barrel
Wall Street Journal 08.23.2015
Economist 08.29.2015
Oil Sands Boom Dries Up in Alberta, Taking Thousands of Jobs With it
New York Times 10.12.2015
The Oil-Price Rout: Blink and You Won’t Miss It
Wall Street Journal 12.12.2015
$15 Oil? It’s Already Here, in Canada
Wall Street Journal 01.15.2016
After the Carnage, Shale Will Rise Again
Wall Street Journal 01.19.2016
Oil prices, financial markets sink after production limit plan fails - The Washington Post
Washington Post 04.18.2016
America's New Energy Boom Is Bust for Foreign Suppliers
Wall Street Journal 04.10.2013
Two Years Into Oil Slump, U.S. Shale Firms Are Ready to Pump More
WSJ 09.27.2016
Shell to Sell Canadian Oil-Sands Businesses for $7.25 Billion
WSJ 03.09.2017
How American Shale Drillers Flipped OPEC’s Script
WSJ 05.24.2017
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