Yesterday, Mike Eckford of CKNW interviewed David Austin on the state of LNG in BC relative to the low price of oil. David explains that the price of LNG is calculated based on the price of oil at roughly 90%, plus or minus some adjustments. So as the price of oil goes down, so too does the price of LNG. However, says David, LNG is not a short-term investment for the big companies that produce it: Chevron, Shell, Petronas. As the world burns about 93 million barrels of oil every day, no one is giving up on LNG in BC. Listen to Mike and David discuss the hot topic (27:50-35:38).
Related Content
Pat Williams in VISOA Bulletin
Pat Williams has contributed an article to the Vancouver Island Strata Owners Association (VISOA) Bulletin for February 2015. In the article (page 14), Pat discusses ... Continued
Does Presumption of Resulting Trust Apply to Benefit Plan Designations?
The presumption of resulting trust is a well-known legal principle amongst estate lawyers. However, it may not be a familiar concept to many of the ... Continued
Learning from Serial Litigants – Part 2
In Part 1 of our series on serial student litigants (which can be found here), we discussed two recent decisions of the BC Supreme Court ... Continued