WATCH: CEC’s Mike Simpson on how oil and gas will remain in high demand for decades to come
Canadian Energy Centre Executive Director of Operations Mike Simpson joined Taking Care of Business host Mario Toneguzzi to discuss new research examining key results for oil and natural gas production and demand, drawn from the International Energy Agency’s Extended World Energy Outlook 2021.
WATCH: CEC’s Mike Simpson on the impact of increased Canadian oil and gas exports
Canadian Energy Centre Executive Director of Operations Mike Simpson joined Taking Care of Business host Mario Toneguzzi to discuss new research examining the impact of a crude oil and natural gas export surge on the Canadian economy, by simulating a $100 million increase to those resources, and the resulting direct and indirect impacts on employment, GDP, output, and labour income.
Increased oil and gas exports mean more jobs and income for Canadians
From Europe to Africa to Asia, demand for oil and natural gas is soaring, pushing crude oil and natural gas prices to levels not seen since the middle of the last decade. As a result, Canada’s crude oil and natural gas exports have increased; between July and September 2021, Canada exported $31.9 billion of oil and natural gas, primarily to the United States, a rise of $6.1 billion or 19 per cent from the same period in 2019.