By: Brad Hayes Published: Daily Oil Bulletin The oil and gas industry in Canada is founded upon a tremendous history of exploration, beginning in the mid-19th century in southern Ontario and expanding across the country throughout the 20th century. But we’ve stalled out on exploration in Canada. Today industry is focused on developing unconventional plays —the oilsands, Montney , Duvernay , Bakken , Wilrich / Deep Basin, Cardium , Viking and a few others — and spends little effort on looking for new conventional fields. Isn’t that OK, considering the immense resource potential of the unconventionals? Maybe not. Looking past the greenhouse gas / climate change rhetoric that dominates the media today, we see an unrelenting increase in oil and gas consumption across the world, supported by increasingly tenuous supply chains. What will happen if links in the chains fail — U.S. tight oil production fails to live up to projections (which looks increasingly l...
Comments
Post a Comment