Home / Insurance Tips / Why El Nino might bring a ray of sunshine to the oilpatch

Why El Nino might bring a ray of sunshine to the oilpatch

A woman sits on a sand berm created by city workers to protect houses from El Nino storms and high tides at Playa Del Rey beach in Los Angeles, California.

To begin, we quoteth the Bard: “Blow, winds, and crack your cheeks! Rage! Blow!/ You cataracts and hurricanoes, spout/ Till you have drench’d our steeples-“

If you are a Canadian energy executive or perhaps a stockholder within an oil company, you may be feeling a bit like Shakespeare’s King Lear in the famous storm scene.

Like the addled king, you have been battered and beaten by the elements, undone by the betrayal of others (hello, Organization of the Petroleum Exporting Countries, and your diabolical plot to help keep oil prices down), and merely within an all-round negative mood.

Like Lear, too, you might be thinking apocalyptic thoughts: With West Texas Intermediate falling below US$40 this month, maybe you’re hoping the world will indeed end and set you out of trouble of the misery.


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