Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts

Monday, September 7, 2026

Oils Well that Ends

 An article in the Economist Business section: “On shifting oil sands” asks: Canada’s oil industry is booming. Can it last?


Looser regulations will help with pipelines—but may not boost production



Mark Carney, Canada’s prime minister, is intent on promoting a speedier process that will apply to a new pipeline under development to British Columbia. Lisa Baiton of the Canadian Association of Petroleum Producers, an industry group, has spoken of a “generational opportunity” to rally political and public support behind new oil projects.


Enbridge, an energy-infrastructure firm, has paused construction of a pipeline to the east, citing a lack of commitments by producers to provide enough oil to make it worthwhile.


The unique challenges of the oil sands provide an explanation. Investment in new sites has been virtually non-existent since the oil price crashed in 2014 as demand weakened while America’s shale oil gushed and opec opened the taps. “It cannot be overstated how much that changed the industry,” says Kent Fellows of the University of Calgary. Moreover, projects in the oil sands take far longer to develop than conventional wells. They require enormous amounts of capital that could be tied up for five to ten years before profits flow. Uncertainty over the future price of oil—and the danger that a change of government might lead to the reinstatement of tighter regulations—make for risky bets. (Canada's Oil Industry Is Booming. Can It Last?, n.d.)



References

Canada's oil industry is booming. Can it last? (n.d.). The Economist. Retrieved September 7, 2026, from https://www.economist.com/business/2026/08/20/canadas-oil-industry-is-booming-can-it-last? 


Wednesday, February 25, 2026

State of the Truth Address

FactCheck, a nonpartisan, nonprofit “consumer advocate” for voters that aims to reduce the level of deception and confusion in U.S. politics, has monitored the factual accuracy of what was said by President Donald Trump in the State of the Union Address on February 24 2026. Their goal is to apply the best practices of both journalism and scholarship, and to increase public knowledge and understanding.


Fact Finding the State of the Union Address



Trump SOTU Fact Check Full story here: https://www.factcheck.org/2026/02/factchecking-trumps-state-of-the-union-address/ 


Trump’s State of the Union Address 

Fact Checking the SOTU Address

1

Trump falsely claimed that he inherited “a stagnant economy” with “inflation at record levels.”

Annual growth in real GDP was 2.5% or higher each year under former President Joe Biden, and the annual inflation rate was down to 3% from its peak of 9.1% peak when Trump took office.


2

The president went on to claim that the economy “is roaring like never before,”

Real GDP growth in 2025 was down to 2.2%, according to a federal estimate. Also, the unemployment rate has increased slightly under Trump.


3

He misleadingly claimed that prices are “plummeting downward” because of his policies. 

The annual rate of inflation has declined, but prices overall are still increasing.


4

Trump’s claim that “more Americans are working today than at any time in the history of our country,” 

while accurate, doesn’t account for population growth. Job growth slowed a bit last year.


5

The president misleadingly claimed that Americans “will now pay the lowest price anywhere in the world for drugs.” 

The administration’s negotiations with drug companies may have lowered prices for some specific drugs in certain situations, but there is no evidence of a widespread decline in prices.


6

The president continued to exaggerate the decline in gasoline prices, saying they are “now below $2.36 a gallon in most states.” 

In no state was the average that low. And the nationwide average is $2.94.


7

He claimed to have presided over a “tremendous renewal” of religion in America, 

Recent polling has found the opposite.



8

Trump claimed that $1,776 “warrior dividend” bonus checks paid to military personnel came from tariff revenue.

It was actually a reallocation of funds initially earmarked for an increased housing allowance.


9

The president repeated his unsupported claim that many immigrants came from “prisons” and “mental institutions,” 

He wrongly claimed that the Biden administration allowed in “11,888 murderers.”


10

Trump boasted about stock market gains since his election 

The gains were less than each of the last two years under Biden.


11

He exaggerated when he said his signature legislation eliminated tax on tips, overtime and Social Security benefits for seniors.

The tax breaks are substantial but do not apply to all individuals.


12

As he has for years, Trump insisted, without evidence, that “cheating is rampant in our elections.” 

He claimed legislation was needed “to stop illegal aliens” from voting, though evidence suggests that’s rare.

13

Trump claimed that the federal budget could be balanced “if we’re able to find enough of that fraud.”

The most recent budget deficit was $1.8 trillion, more than three times higher than the highest federal estimate of government money lost annually to fraud.

14

Trump claimed that he inherited “rampant crime at home” and later boasted that “last year, the murder rate saw its single largest decline in recorded history.”

Crime and murder was down last year, continuing a trend that began in 2022.

15

Trump made the dubious claim that his increased tariffs would one day replace income taxes, 

Something many economists say doesn’t add up.

16

Trump claimed that the U.S. “obliterated Iran’s nuclear weapons program” last year. 

Experts have said the program was damaged but not destroyed, and Trump is now considering military action over Iran’s nuclear program.


17

Trump said “American oil production is up by more than 600,000 barrels a day,” 

Crude oil production increased by 334,600 barrels per day in his first full 10 months in office.


18

He also claimed that U.S. natural gas production increased to “an all-time high” because he “kept” his “promise to drill, baby, drill.” 

Production of natural gas was already at record levels before he took office.

Fact Finding the State of the Truth Address February 24, 2026


Trump’s Feb. 24 address was longer than any prior SOTU, clocking in at over 1 hour and 47 minutes, as measured by the American Presidency Project at the University of California, Santa Barbara.



References

By Robert Farley, D'Angelo Gore, Lori Robertson, Jessica McDonald, Kate Yandell, Saranac Hale Spencer, Sanjana Juvvadi, Andrew Noh and Ashley Wang. (n.d.). FactChecking Trump’s State of the Union Address. FactCheck.org - A Project of The Annenberg Public Policy Center. Retrieved February 25, 2026, from https://www.factcheck.org/2026/02/factchecking-trumps-state-of-the-union-address/