Energy & Commodities

Why “Small Scale LNG” Makes Great Sense for Canada

Keith SchaeferDear OGIB Reader,Small scale LNG (Liquid Natural Gas) exports from Canada’s west coast could replace the mega-projects now being considered by major oil companies.

This would speed up exports, and create more jobs per billion cubic feet of gas (bcf) exported says Nathan Weiss, CEO of Unit Economics, an independent research firm in Boston.

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Michael’s Aug 29th Daily Comment

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October WTI Oil futures hit $112 a barrel overnight, marking a new 2 year high in oil prices.

 

Drew Zimmerman

Investment & Commodities/Futures Advisor

604-664-2842 – Direct

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dzimmerman@pifinancial.com

 

Brent oil hits six-month high, gold up on Syria tension

Copper prices fell slightly as signs of stabilization in China, a major importer of the metal, were offset by worries over the potential tapering of the U.S. stimulus program.

Corn and soybean futures slipped as forecasts for wetter-than-expected weather in U.S. Midwest crop areas prompted profit-taking on gains made in the two previous sessions. Raw sugar was weighed down by increased cane crushing in top grower Brazil, and arabica coffee neared a four-year low.

The 19-commodity Thomson Reuters-Jefferies CRB index settled up 0.6 percent as higher oil, gasoline and precious metals prices outweighed losses in grains and other crops.

I love a good fight.

When it comes to U.S. energy production, I can’t think of a more controversial topic since Edwin Drake drilled his well on Pennsylvania soil over 150 years ago…

It all revolves around hydraulic fracturing.

Here’s the part that most people don’t seem to realize: Without fracking, the entire North American oil and gas industry would come to a screaming, painful halt. This is the reality we all need to face, regardless of protesters who abhor the fracturing process.

Hydraulic Fracturing 101

Let’s start from the beginning…

Hydraulic fracturing is a simple process, really. It’s used to create fractures in a rock formation by injecting the rock with a mixture of water, proppant (think: sand), and chemicals.

Once opened, the fissures allow the oil and gas resources to flow more freely into the well, which can then be extracted through the well bore.

Here’s a video of this procedure in action.

….read more HERE