Oil and Gas sector – Canada – November 2016

OIL AND GAS SECTOR – CANADA – NOVEMBER 2016BY: PAUL YOUNG, CPA, CGA

• This presentation will look at oil and natural gas trends for Canada

AGENDA

• Oil Rigs

• Oil Price per Barrel

• Merchandise Trade – October 2016

• Oil and Gas Transmission / October 2016

• Oil Refining

• Carbon Tax

OIL RIG COUNT / CANADA

Source – Baker Hughes

OIL PRICE / PER BARREL

Source - BMO

TRADE IMBALANCES BY MAJOR GROUP

OIL AND GAS TRANSMISSION

Source – Stats Canada

OIL AND GAS REFINING/ UNITED STATES

Source - https://www.eia.gov/dnav/pet/pet_pnp_unc_dcu_nus_m.htm

CARBON TAX / ONTARIO

Source - http://globalnews.ca/news/3140617/cost-of-cap-and-trade-for-ontario-consumers-beginning-jan-1-2017/

Carbon Tax• Carbon Tax will be

passed along in form of higher consumer prices

• Carbon Tax is subjected to HST/GST

• Companies will like show the carbon tax as surcharge

• Consumers will see higher prices for goods and services.