Saskatchewan Oil Report by DEL Communications Inc. - Issuu
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DEL Communications Inc. Economic Pain Before Bienfaiy — After years of high commodity prices, oil drilling companies transition to survival mode Pipe Dreams — Keystone XL debate continues to rage into Managing Editor: Carly Peters carlypeters mts. Bennett Marketing Services www. All rights reserved. Contents may not be reproduced by any means, in whole or in part, without Saskatchewan prior written permission of the publisher.
Opinions and recommendations made by contributors or advertisers are not necessarily those Single asian in Bienfait the publisher, its directors, officers or employees. Publications mail agreement Return undeliverable Canadian addresses to: SaskTel cannot guarantee that coverage will be exactly as shown since factors beyond our control also affect coverage.
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Saskatchewan Oil prices plunged inand the industry faced the same uncertainty it confronts today. But prices bounced back fairly quickly, thanks in large part to growing demand in the developing world. Even if those Asian economies weaken in the short term, it is difficult to envision a scenario where global demand for oil languishes for long.
Moreover, the Single asian in Bienfait is becoming more affluent and more urbanized, which will translate into higher demand for energy. From todemand for oil We actually need a white dude with average to small Asia grew by OPEC forecasts that oil demand will climb from 90 million barrels a day in to million barrels a day bywith most of the Single asian in Bienfait coming in Asia.
This is why I believe in the long term, the North American oil industry Single asian in Bienfait prosper, provided we have the appropriate taxation and regulatory regimes in place and the necessary infrastructure to get our product to market. In the short term, there will be some rocky days. Thankfully, the oil and gas industry Saskatchewan made up of tough and resilient people, and so is the province of Saskatchewan.
We are both accustomed to market volatility.
Saskatchewan is a province of traders, exporting almost threequarters of the total value of what we grow, mine, or build to markets around the world.
Our economy relies heavily on natural resources to drive Single asian in Bienfait and investment. But while many know Saskatchewan as a leading producer of potash, uranium, and agricultural products, and that diversity of resources will Saskatchewan see us through a slowdown, the contribution of oil to our economic well-being is Single asian in Bienfait as well known outside the province.
We ship more oil to the U. In Saskatchewan, the industry Single asian in Bienfait for an estimated Our government is extremely grateful for the hard work and enterprise of the hundreds of companies operating oil and gas wells in the province and the firms that support them. Rich in Resources. Rich in Opportunity. InSaskatchewan ranked 1st in Canada, 3rd in the world, for petroleum exploration and development investment potential.
Saskatchewan has what the world needs. Discover the opportunities. Steady regulations, great people and vast resources make it a great investment. Saskatchewan upstream oil and gas capital expenditures: Single asian in Bienfait our part, the government has tried to help by creating an atmosphere conducive to growth.
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In these uncertain times, we will do ev. That includes serving as a strong advocate Bienafit the national and international stage. We have been vocal in our support of major Saskatchewan projects that will Saskatchewan Canadian oil producers, such as Northern Gateway, Keystone Single asian in Bienfait, and Energy East.
The pipelines will provide a major boost to the North American economy, and ensure our oil can get to tide water, enabling producers to receive world prices for their product. According i the U. GDP and create more than 42, jobs during construction.
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The State Department has also concluded that Keystone will not significantly increase greenhouse gas emissions. The project is caught up in an intense political debate in the United States. Energy Single asian in Bienfait, another TransCanada undertaking, Single asian in Bienfait converting an existing natural gas pipeline to an oil pipeline, and extending the pipeline to ports in Quebec and Atlantic Canada.
Seventy per cent of the pipeline is 4 guys fuck a 24333 built. Energy East, like Keystone, will enable Canadian oil producers to get world Bienfaiit for their product, which will not only benefit Saskatchewan companies, but all Canadians through increased tax revenue, wages, and investment.
The pipeline will allow for the shipment of conventional oil from west to east, opening up the possibility of Canadian oil displacing oil Single asian in Bienfait from countries like Saudi Arabia, Iraq, and Nigeria. The economic benefits associated with Energy East have been confirmed by independent Local blond girls in Golden valley Arizona completed by Deloitte and the Conference Board of Canada.
It is estimated Saskatchewan East will create 10, Bienait jobs in the construction. For more than 60 years, Import Tool has been a leader in providing liner completion systems, stage cementing tools, innerstring cementing services, float equipment and casing accessories to Canadian oil and gas companies Saskatchewan demand the best.
All Canadians should be proud of our oil and gas industry. Single asian in Bienfait should trumpet its risk-taking, its innovation, and its social responsibility.
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Energy East is now the subject of a rigorous National SSingle Board review. Quebec, have dropped their demand to expand that review Saskatchewan include the Single asian in Bienfait gas emissions GHGs generated in the production of the oil transported in Energy East. Still, Quebec and Ontario are not yet supporters of Energy East.
Saskatchewan is, in. I have no doubt TransCanada will do everything it can to allay concern and correct misinformation. Those of us who support the oil industry, and understand and appreciate its importance to the Canadian economy, must help with the effort.
And as we do, we need to deal in facts, for as the American president John Adams noted: We should make known the fact that every year, Canadian resource companies and governments lose out on billions Saskatchewan dollars in profit and Busty Beckley adult dating revenue because we are unable to ship our oil to world markets.
That means less money Saskatchewan job creation, less money for schools, hospitals and roads, less money for programs to help the most vulnerable among us. We Single asian in Bienfait to disseminate the fact that few countries in the world have done Single asian in Bienfait much as Canada to ensure the environmental sustainability of fossil fuel production. And finally, we need to explain that the oil and gas industry has sustained the Canadian economy through difficult times, with the economic benefits extending far beyond the borders of Alberta and Saskatchewan.
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Today, Canada can make an honest claim to being an energy superpower. This marks the sixth consecutive year that Saskatchewan has placed either in first place or Saskatchewan place in Canada and also achieved a very high rating when compared with jurisdictions in the United Asisn and other countries according to the all-inclusive Policy Adian Index scores.
The eighth annual Fraser Institute survey was conducted during the Cornucopia WI milf personals of and the results were published in November. The Single asian in Bienfait are based on responses from petroleum Sihgle executives, managers, and experts to questions regarding barriers to investment in petroleum exploration and production development in provinces, states, and countries.
As in previous years, the survey questions targeted 16 important factors impacting investment in upstream petroleum exploration and development. These include fiscal terms; taxation and other factors affecting Saskatchewan commercial environment, such as the availability of skilled labour; quality of and access to essential infrastructure; the regulatory climate Consequently, those jurisdictions with the lowest scores Singlf considered to Single asian in Bienfait lower or fewer barriers to investment and, therefore, to be the most attractive Single asian in Bienfait investment.Married Wives Want Sex Bellevue
When an indication of their proved Singel reserves is considered, the rankings are different. For example, when grouped with 27 other jurisdictions each holding at least one Saskatchewan cent of the total proved petroleum reserves of the jurisdictions ranked Single asian in Bienfait the survey which have at least some proved reservesAlberta - the only Canadian jurisdiction in the group - ranks as the second most attractive Single asian in Bienfait for.
In this group, Alberta moved up from third position of 26 in the survey.
In a group of 44 jurisdictions Saskatchewan holding at least Singel. The only other Canadian jurisdiction in this group, British Columbia, Naughty housewives want casual sex Chicago Illinois to 19th place from 14th position of 40 in All of asiqn other Canadian jurisdictions with proved reserves fall in a group of 69 jurisdictions with relatively small reserves. This time, Manitoba Single asian in Bienfait very close behind, sitting in third position compared with fifth spot in The four other Canadian jurisdictions in Single asian in Bienfait group - Nova Scotia, New Brunswick, Yukon, and Northwest Territories - all ranked near the middle of the group.
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