High gas prices, oilpatch labour crunch, pipeline friction: The year ahead in energy – CBC

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High gas prices, oilpatch labour crunch, pipeline friction: The year ahead in energy – CBC

by ahnationtalk on January 11, 202251 Views

Jan 11, 2022

Industry expects busier 2022 as policy-makers sharpen focus on ‘net-zero’ plans

The last two years have taken energy markets on a wild ride, with oil prices crashing through the basement at the outset of the pandemic and climbing to more than $85 US a barrel last fall.

Alberta drillers and service companies have been talking about the risk of labour shortages, not layoffs. More activity is expected in Canada’s oilpatch in the year ahead.

But talk of energy these days is rooted in two worlds — the demands of today and the transition ahead — as decarbonization efforts come into even sharper focus with climate change.

Read More: https://www.cbc.ca/news/business/energy-outlook-2022-1.6306741

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