At the intersection of Alberta politics and business, I'll be hanging around. Business columnist, Calgary Herald. Views are my own. Retweets aren't endorsements
Calgary, Alberta
Joined October 2010
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ChrisVarcoe retweeted
My long and personal take on separatism in two provinces, along with Allison Hanes of the Montreal Gazette. calgaryherald.com/opinion/co… #ableg #abpoli #yeg #yyc #cdnpoly #canpoli #albertareferendum
ChrisVarcoe retweeted
Varcoe: With two big steps for major projects – including a West Coast pipeline announcement in Fort McMurray tomorrow – CDN energy on 'cusp of a generational opportunity'
"It's of national significance," says Whitecap Resources CEO Grant Fagerheim
calgaryherald.com/business/e… #ableg
ChrisVarcoe retweeted
BREAKING: Canada has set a new all-time record for average diesel price: 228.6c/L and the U.S. may not be far behind.
ChrisVarcoe retweeted
Varcoe: Trump wants Keystone XL revived, Canada wants lower tariffs – while a trade deal looms calgaryherald.com/opinion/co…
ChrisVarcoe retweeted
Pembina CEO on the company’s rationale for becoming the only private-sector member of the West Coast pipeline consortium: “Clearly, we’ll need to have a regulatory approval with conditions under which we can construct. We need to have a competitive cost estimate, and then we’ll need a certain level of volumes to underpin the investment.
Based on what we are seeing and hearing, we do think volumes are going to be there, so we are pretty optimistic.”
nationalpost.com/opinion/col…
ChrisVarcoe retweeted
No place like home (field) for Canada. Win or draw here today against Switzerland and they stay in Vancouver for knockout round game
ChrisVarcoe retweeted
Scoop from @StephTaylornews: Alberta and the federal government are looking at a fall date for when Prime Minister Mark Carney’s cabinet will designate a pipeline to the West Coast as being in the national interest.
nationalpost.com/news/politi…
ChrisVarcoe retweeted
If I were advising on deal structure or capital allocation, I'd treat Bridger as the base case for 2028–2029 egress and the B.C. line as a 2030s optionality play, worth the consultation spend with First Nations and route scoping now, but not worth front-loading capex until Bridger's FID and shipper commitments clarify how much residual production growth actually needs a Pacific outlet.
The risk of doing nothing on B.C. is ceding pricing leverage back to U.S. refiners permanently; the risk of rushing it is stranding $100 billion in capital if upstream activity doesn't materialize. Net-net: Bridger is the right "yes" today, but Alberta would be strategically naive to let Trump's signature cool the political momentum behind West Coast access
ChrisVarcoe retweeted
🚨🚨🚨🚨FULL STATEMENT:
UAE says it's leaving the OPEC oil cartel from May 1.
"... Following its exit, the UAE will continue to act responsibly, bringing additional production to market in a gradual and measured manner, aligned with demand and market conditions..."
ChrisVarcoe retweeted
'From a risk perspective and a view on global supply, Canadian LNG certainly ranks more favourably now than pre-conflict'
edmontonjournal.com/opinion/…
ChrisVarcoe retweeted
The Hormuz stoppage numbers are just enormous and are legitimately hard for people to fully appreciate.
For perspective, for the past month the oil market has been operating without roughly one and a half Saudi Arabias.
ChrisVarcoe retweeted
Canada's national average price of gasoline has reached 175c/L for the first time since 2022. The record is 211c/L on 6/11/22.
ChrisVarcoe retweeted
Qatar state-owned LNG giant QatarEnergy has published a statement detailing the overnight damage, providing more granularity (particularly around the damage of the GTL plant).
ChrisVarcoe retweeted
Since the start of the crisis, I have covered the basics on the following physical oil from an Asian refiner's perspective:
1) Crude
2) Naphtha + LPG
3) Mogas
4) Jet fuel
5) Diesel
6) Fuel oil
Links in the thread below for easy reference.
I hope this will be a helpful resource for many out there who do not understand how crude gets converted to a refined product, and therefore why the pricing and availability of different fuels will be impacted quite significantly for a bit longer than you would have anticipated.
#oott
ChrisVarcoe retweeted
Varcoe: 'All hat and no cattle': Canada has big reserves, but can't get much more oil to strained global markets today calgaryherald.com/opinion/co…
