Canada Has All the Elements to be a Winner in Global Energy — Now Let’s Do It

From EnergyNow.ca

By Mike Rose of Tourmaline Oil Corp.

There has never been a more urgent time to aggressively develop Canada’s massive resource wealth

There has never been a more urgent time to aggressively develop Canada’s massive resource wealth. An increasingly competitive world is organizing into new alliances that are threatening our traditional Western democracies.

Weaker or underperforming countries may be left behind economically and, in some cases, their sovereignty may be compromised. We cannot let either scenario happen to Canada.

Looking inward, our country has posted among the weakest economic growth of all G20 nations over the past decade — we are at real risk of delivering a materially diminished standard of living to our children and subsequent future generations.

Canada is blessed with one of the largest and most diverse natural resource endowments in the world. It’s not just oil and gas; it’s uranium, precious metals, rare earth elements, enormous renewable forests, a vast fertile agricultural land base and, of course, the single-largest freshwater reserve on the planet.

This is nothing new; Canada has been regarded as a resource-extraction economy for a long time, but over the past two decades we’ve been slowing down and finding reasons to not advance new projects. While looking ahead to an exciting new future economy is enticing, the majority of our easily accessible resource wealth remains largely untapped. Our Canadian resource sectors are the most capital-efficient, technologically advanced and environmentally responsible in the world. We’ve got the winning combination.

Canada has among the largest, lowest-cost natural gas reserves in the world — we’re already the fourth-largest producer. With consistent regulatory support, we can rapidly evolve into a leader in the growing global LNG business.

This country produces among the lowest-emission natural gas in the world and technology adaptation is widening the gap. A 10 bcf/day Canadian LNG industry targeted to displace coal-fired electrical generation in Asia would offset the vast majority of emissions from the entire domestic oil and gas industry. Contemplating a cap on the Canadian natural gas industry is actually damaging to the global environment, as growing demand will be met by jurisdictions with higher associated emissions.

As developed economies look at electrification to accelerate emissions reduction, nuclear power is becoming increasingly attractive. Canada is already one of the largest uranium producers in the world and has long possessed one of the most efficient and safest reactor designs. This is an advantage we created for ourselves several decades ago; it’s time to harvest this opportunity.

The rare earth elements required for a growing solar industry and battery requirements associated with electrification are abundant in certain regions in Canada — for example, a large new mining opportunity is emerging in Ontario. We should make that happen. One of the great outcomes of accelerating our multi-sector resource opportunity is that the economic benefits will be enjoyed across the country; all Canadians will share in it.

The Canadian agricultural industry has been long regarded as a world leader in efficiency, yield and technical innovation. Global food security and affordability are rapidly emerging issues, and Canada has a role to play here, as well. Not only could we make it more attractive for Canadian producers to grow output and explore novel new transportation corridors to feed more of the world, we have a large, well-established, globally competitive fertilizer industry.

There are many more future resource wealth opportunities we could be capitalizing on. The list is as long as the imagination of our well-educated and entrepreneurial resource sector workforce.

Enormous amounts of capital are required for these projects, and that global capital is most certainly available. These pools of capital will flow into Canada if we demonstrate a willingness to consistently support the Canadian resource sector at provincial and federal government levels.

Accelerating domestic multi-sector resource development provides solutions to many of the problems currently facing Canada. We’ll be playing to strengths that we have established and evolved over many decades. We are the most efficient and technologically advanced in the full spectrum of resource development. Adoption and innovative adaptation of the continuous march of technology advancements will only make us better.

To paraphrase: We can take advantage of what’s between our ears to do an even better job of developing what’s beneath our feet.

Mike Rose is Chair, President and CEO of Tourmaline Oil Corp.

In an ongoing monthly series presented by the Calgary Herald and Financial Post, Canadian business leaders share their thoughts on the country’s economic challenges and opportunities.

Related Topics:#Canada'sMassiveResourceWealth #EnergyNow.CA #GlobalEnergy #MikeRose #TourmalineOilCorp feature

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Trump Admin Torpedoing Biden’s Oil And Gas Crackdown

Published on September 13, 2025

Todayville

From the Daily Caller News Foundation

By Audrey Streb

The Trump administration is rolling back President Joe Biden’s restrictions on oil and gas, planning 21 lease sales in 2025 — a sharp contrast to Biden’s first year, which saw none.

The Department of the Interior (DOI) and the Bureau of Land Management (BLM) have already held 11 lease sales under Trump generating over $110 million for Americans, and plan to host 10 more in 2025, the agency told the Daily Caller News Foundation. While the Biden administration imposed a sweeping offshore drilling ban and greenlit a record-low offshore oil and gas leasing schedule, the Trump administration is working to reopen development on federal lands and waters.

“President Donald Trump has revived American energy. While the Biden administration left our energy resources to waste at the cost of taxpayers, Americans can feel relief knowing that they now have an administration laser focused on unleashing our domestic energy sources, lowering costs, and securing a more affordable and reliable energy future,” Interior Secretary Doug Burgum told the DCNF. “The number of new oil and gas lease sales simply speak for themselves.”

Bureau of Land Management (BLM) has reported 3,608 new oil and gas permits in Trump’s second term thus far, compared to 2,528 permits during the Biden administration, according to the DOI. Trump and the DOI have approved 43% more federal drilling permits than his predecessors had at the same point in their presidencies, according to the agency.

The DOI has also opened more than 450,000 acres of federal land for potential energy development, and the DOI and BLM are set to approve more drilling permits than any other fiscal year in the past 15 years, the agency said.

On his first day back in the Oval Office, Trump signed an executive order to “unleash American energy” and declared a national energy emergency. The One Big Beautiful Bill Act (OBBBA) further directed the DOI to open more domestic energy exploration opportunities, ordering the agency to “immediately resume onshore quarterly lease sales in specified states.”

Trump has emphasized bolstering conventional resources, which stands in contrast to Biden’s stifling of the oil and gas industry, as he froze liquified natural gas (LNG) exports, blocked the major Keystone XL pipeline and halted BLM lease approvals on his first day as president. Biden instead championed a green energy agenda, pushing for major wind and solar projects through billions in subsidies, loans and grants.

Notably, the National Oceanic and Atmospheric Administration (NOAA) previously confirmed to the DCNF that the Biden administration failed to adequately review the environmental impacts of certain offshore wind projects before approving them. The Trump administration has cracked down on offshore wind, halting many major projects and reviewing several more, with Burgum arguing that the energy resource the Biden administration favored is “not reliable enough” at an event on Sept. 10.

Additionally, gasoline prices have been dropping nationally in recent months, with costs hitting four-year lows headed into summer and Labor Day weekend, according to GasBuddy and the American Automobile Association. The average retail price for gasoline is projected to keep dropping due to falling oil prices, according to data from the Energy Information Administration.

“[Oil] prices are not set by current supplies. They’re set by future expectations,” Diana Furchtgott-Roth, director of the Heritage Foundation’s Center for Energy, Climate, and Environment, told the DCNF previously. “President Donald Trump is sending signals that the oil industry here is going to be very vibrant. He’s shrinking permitting time for fossil fuel projects, so expectations for fossil fuel supply in the United States are great.”

Alberta

OPEC+ chooses market share over stability, and Canada will pay

Published on September 11, 2025

Todayville

This article supplied by Troy Media.

By Rashid Husain Syed

OPEC+ output hike could sink prices, blow an even bigger hole in Alberta’s budget and drag Canada’s economy down with it

OPEC and its allies are flooding the global oil market again, betting that regaining lost market share is worth the risk of triggering a price collapse.

On Sept. 7, eight of its leading members agreed to boost production by 137,000 barrels per day beginning in October. That move, taken more than a year ahead of schedule, marks the start of a second major unwind of previous output cuts, even as warnings of a supply glut grow. OPEC+, a coalition led by Saudi Arabia and Russia, coordinates oil production targets in an effort to influence global pricing.

This isn’t oil politics in a vacuum. It’s a direct blow to Alberta’s finances, and a growing threat to Canada’s economic stability.

Canada’s broader economy depends heavily on a strong oil and gas sector, but no province is more directly reliant on resource royalties than Alberta, where oil revenues fund everything from hospitals to schools.

The province is already forecasting a $6.5-billion deficit by spring. A further slide in oil prices would deepen that gap, threatening everything from vital programs to jobs. Every drop in the benchmark West Texas Intermediate price, currently averaging around US$64, is estimated to wipe out another $750 million in annual revenue.

When Alberta’s finances falter, the ripple effects spread across the country. Equalization transfers from Ottawa to have-not provinces decline. Private investment dries up. Energy-sector jobs vanish not just in Alberta, but in supplier and service industries nationwide. Even the Canadian dollar takes a hit, reflecting reduced confidence in one of the country’s key economic engines. When Alberta stumbles, Canada’s broader economic momentum slows with it.

The timing couldn’t be crueller. October marks the end of the summer driving season, typically a lull for fuel demand. Yet extra supply is about to hit a market already leaning bearish. Oil prices have dropped roughly 15 per cent this year; Brent crude is treading just above US$65, still well beneath April’s lows.

But OPEC+ isn’t alone in raising the taps. Non-OPEC producers in Brazil, Canada, Guyana and Norway are all increasing production. The International Energy Agency warns global supply could exceed demand by as much as 500,000 barrels per day.

The market is bracing for a sustained price war. Alberta is staring down the barrel.

OPEC+ claims it’s playing the long game to reclaim market share. But gambling on long-term gains at the cost of short-term pain is reckless, especially for Alberta. The province faces immediate financial consequences: revenue losses, tougher budget decisions and diminished policy flexibility.

To make matters worse, U.S. forecasts are underwhelming, with an unexpected 2.4-million-barrel build in inventories. U.S. production remains at record highs above 13.5 million barrels per day, and refinery margins are shrinking. The signal is clear: demand isn’t coming back fast enough to absorb growing supply.

OPEC+ may think it’s posturing strategically. But for Canada, starting with Alberta, the fallout is real and immediate. It’s not just a market turn. It’s a warning blast. And the consequences? Jobs lost, public services cut and fiscal strain for months ahead.

Canada can’t direct OPEC. But it can brace for the fallout—and plan accordingly.

Toronto-based Rashid Husain Syed is a highly regarded analyst specializing in energy and politics, particularly in the Middle East. In addition to his contributions to local and international newspapers, Rashid frequently lends his expertise as a speaker at global conferences. Organizations such as the Department of Energy in Washington and the International Energy Agency in Paris have sought his insights on global energy matters.

Troy Media empowers Canadian community news outlets by providing independent, insightful analysis and commentary. Our mission is to support local media in helping Canadians stay informed and engaged by delivering reliable content that strengthens community connections and deepens understanding across the country