User:Oceanflynn/sandbox/Canadian Energy Research Institute
| Formation | 1975 |
|---|---|
| Type | not-for-profit organization |
| Location |
|
| Fields | Energy sector |
President and CEO | Allan Fogwill |
| Website | CERI |
The Canadian Energy Research Institute (CERI) is a not-for-profit organization established in 1975 that is head-quartered in Calgary, Alberta. CERI is which is partly funded by the government similar to the Canada Energy Regulator, Canada Action, and the Canadian Energy Network.[1]
Funding
[edit]Media citations
[edit]CERI has been cited by CBC News,[2] The Tyee, [3]
Publications
[edit]The Canadian Energy Research Institute (CERI) performed an analysis in 2013, estimating that in 2012 the average plant gate costs (including 10% profit margin, but excluding blending and transport) of primary recovery was $30.32/bbl, of SAGD was $47.57/bbl, of mining and upgrading was $99.02/bbl, and of mining without upgrading was $68.30/bbl.[4]
In 2014 a CERI report examined "the 'uncertainties' facing the oil sands sector."[5]
In their 2015 report, "CERI Commodity Report — Crude Oil" they said that in the absence of new pipeline capacity, companies are increasingly shipping bitumen from the oil sands to US markets by railway, river barge, tanker, and other transportation methods. Other than ocean tankers, these alternatives are all more expensive than pipelines.[6]
In 2019 CERI published "Economic and Greenhouse Gas Emissions Impacts of Alternative Transportation Scenarios for Canadian Cities." [7]
CERI's forecasts
[edit]According to an October 2014 Globe and Mail article, the CERI "estimated that a "new mine would need an oil price of $105 (U.S.) a barrel to make a reasonable return, while a typical in-situ project would require a price of $85."[5] CERI president, Peter Howard, warned that if the government added on "more costs for environmental reasons", the oil sands would make the oil sands uneconomic. The industry would lose much-needed capital investment. whose institute recently produced a report on the 'uncertainties' facing the oil sands sector."[5] At that time CERI had forecast that a "failure to win approval for major pipeline projects would slash 1.8 million barrels per day from anticipated oil sands production in 2030. Because the crude would be trapped in North America, producers would have to sell it at a deep discount, costing them $20 (U.S.) on every barrel they sell."[8]
Oil sands production forecasts released by the Canadian Association of Petroleum Producers (CAPP), the Alberta Energy Regulator (AER), and the Canadian Energy Research Institute (CERI) are comparable to National Energy Board (NEB) projections, in terms of total bitumen production. None of these forecasts take into account probable international constraints to be imposed on combustion of all hydrocarbons in order to limit global temperature rise, giving rise to a situation denoted by the term "carbon bubble".[9]
In 2015, the Canadian Energy Research Institute (CERI) re-estimated the average plant gate costs (again including 10% profit margin) of SAGD to be $58.65/bbl, and 70.18/bbl for mining without upgrading. Including costs of blending and transportation, the WTI equivalent supply costs for delivery to Cushing become US$80.06/bbl for SAGD projects, and US$89.71/bbl for a standalone mine.[10]
References
[edit]- ^ "Our Mission :: CERI". Retrieved 2019-12-31.
- ^ "Outcome of China-U.S. trade fight raises questions for Canada's oilpatch | CBC News". Retrieved 2020-07-21.
- ^ "By Many Calculations, LNG Is a Fail for BC: Report | The Tyee". Retrieved 2020-07-21.
- ^ Millington, Dinara; Murillo, Carlos A. (May 2013). "Canadian Oil Sands Supply Costs and Development Projects (2012–2046)" (PDF). ceri.ca. Canadian Energy Research Institute. Retrieved 2014-04-24.
- ^ a b c McCarthy, Shawn (October 28, 2014). "Why the oil sands matter to every Canadian". The Globe and Mail. Retrieved January 28, 2020.
Making the oil sands cleaner costs money–and they already rank among the world's most expensive places to get crude. Major projects have been cancelled by international companies like Norway's Statoil SA and France's Total SA, which cited poor economics...While the industry has successfully fended off tougher carbon regulations for now, it is facing an uphill battle on pipelines. If they're not built, climate activists may achieve indirectly what they couldn't do in a head-on battle.
- ^ CERI Commodity Report — Crude Oil (PDF) (Report). Canadian Energy Research Institute. June 2015. Retrieved 6 November 2015.
- ^ Doluweera, Ganesh; Hosseini, Hossein; Vypovska, Anna (2019). Economic and Greenhouse Gas Emissions Impacts of Alternative Transportation Scenarios for Canadian Cities. ISBN 978-1-927037-63-8. Retrieved 2020-07-21.
- ^ Cite error: The named reference
”G&M_was invoked but never defined (see the help page). - ^ McElwee, Sean; Daly, Lew (23 December 2013). Beware of the Carbon Bubble (Report). Demos. Retrieved 6 November 2015.
- ^ Millington, Dinara; Murillo, Carlos A. (August 2015). "Canadian Oil Sands Supply Costs and Development Projects (2015–2046)" (PDF). ceri.ca. Canadian Energy Research Institute. Retrieved 6 November 2015.