energy sector - oil and natural gas - canada and united states - analysis and commentary - january...
TRANSCRIPT
Energy Sector –Oil and Gas –Canada and United States -
Paul Young | Paul Young CPA, CGADate: January 9, 2017
Presentation DescriptionThis presentation will look at the oil and gas sector for North America
(Canada and United States)
Agenda
Oil and Natural Price
Oil Rigs
United States Refinery
United Stats Fuel production
Canada Oil (Exports and Imports)
Government policies
Oil Price
Source - BMO
Natural Gas
Source - BMO
Oil Rig Count
Source – Baker Hughes
United States – Fuel Production
Source - https://www.eia.gov/outlooks/steo/report/us_oil.cfm
United States Refineries
Source - https://www.eia.gov/dnav/pet/pet_pnp_unc_dcu_nus_m.htm
Canada (Exports and Imports – Energy Sector)
Carbon Tax / Newfoundland
Source –CBC and Canada Manufacturing
Quebec - Oil and Natural Gas PQ does not want the east-west pipeline that would allow Alberta oil to flow for
exports. The exports would mean higher tax revenue to both the federal
government and the Alberta government. The higher tax revenue would impact
both equalization as well as the transfers for CST/HST. The proposed
healthcare accord ties spending to GDP as such the stronger the GDP the more
money for the provinces. -http://globalnews.ca/news/3106253/energy-east-still-
needed-despite-approval-for-western-pipelines-n-b-premier/ .
GASPE’s Oil and Gas extraction - http://montrealgazette.com/business/quebec-
paves-way-for-oil-gas-exploration-with-new-plan. “The legislation is meant to
implement Quebec’s clean energy plan but also contains provisions allowing for
energy exploration, potentially including fracking” – Yet fracking gas and oil
deposits are more volatile - http://www.wsj.com/articles/oil-from-u-s-fracking-is-
more-volatile-than-expected-1403653344.
Source - http://oilprice.com/Energy/Crude-Oil/Canadas-Oil-Exports-Are-Dead-Without-US-Shale-Production.html
USA and Canada Oil
Source - http://www.baystreet.ca/articles/commodities.aspx?articleid=28370
