Oil companies don’t have to do this. They do this because employees and oil company culture creates lasting communities. Even when oil is worth nothing you can still pull community sponsorships out of these companies, they take on monster projects with their own resources. 👏
4 biggest oil companies in Canada total taxes, including municipal, provincial and federal, royalties, as well as payments to Indigenous hit ~$70 billion in the past 3 years. From just 4 oil companies.
Why have a production cap & have no pipelines bill?
July crude oil production ⬆️ 7.2% to 4.94 MM bbls/day of production
Oilsands production ⬆️ 8.1% to 3.67 MM bbls/day of production
Conventional light & medium oil production ⬆️ 6.6% to 832k bbls/day
Crude exports ⬆️ 0.8% to 4.22 MM bbls/day
In July, Natural Gas exports increased 10.5% YoY to 312.55 MM GJ.
Production of marketable gas rose 4.4% to 674.5 MM GJ with a 1.5% increase in consumption to 374.1 MM GJ.
16.1 MM GJ of LNG was also delivered to customers outside the U.S. for the first time.
Ashburn Virgina is known as Data Center Alley. Hosting the world’s largest concentration of data centers.
4.1 GW of energy is consumed here and 70% of the worlds Internet is routes through here.
2K Followers 4K FollowingInternational business development professional. Now retired stray old fart. Former Canadian Foreign Service Officer. Lives in God's country.
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203 Followers 752 FollowingThe first rule is to keep an untroubled spirit. The second is to look things in the face and know them for what they are. Marcus Aurelius
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185 Followers 45 FollowingObsidian Energy is an intermediate-sized oil and gas producer with a well-balanced portfolio of high-quality assets producing roughly 30,000 boe per day.
2K Followers 7K Following"It is not safe to speak. And it never will be. But the thing you have to keep in mind is that it is even less safe not to speak." Jordan Peterson #COM
4K Followers 539 FollowingFollow your own path, even if no one else is on it. It's the right path.
Give & you shall receive.
Welcome to my diary. Not financial advice except to myself.
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175 Followers 28 FollowingWe engage in the exploration, development, and production of oil and natural gas in the Western Canada Sedimentary Basin
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Mythbuster. Debunker. Fact Checker.
11K Followers 771 FollowingArtificial b*tch with very little meaning. Oil and freedom gas forever. Fear doesn't stop death, it only stops life. Alberta sovereigntist.
8K Followers 2K FollowingFrom the sandface to the sales meter patching hard since ‘06. Oil&Gas engineering. Masters in Energy&ESG. Millennial identifying as a boomer, born at $29.75/bbl
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Religious(seriously), Autistic (probably), Husband & Father of 3(barely), Oil stock YOLO'er(Unprofessionally)
Only rely on GOD.
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