Canada’s natural gas market has been a source of tremendous interest to us at RBN. Last year, demand for gas in Alberta’s oil sands sector plummeted, inventories experienced record highs, yet prices remained remarkably healthy. But how can we know all that? From a data perspective, Canada’s natural gas landscape can be confusing and frustrating. Different units of measure and currencies, limited or no data coverage for important fundamental components, and numerous statistical agencies that organize and report the data in different ways just create further complications. But this data still needs to be tracked given the impact that Canadian gas production, demand, and storage levels can have on the U.S. market — and vice versa. Having all that vital Canadian gas data in one convenient package, along with some great analysis, sure would make life easier. Today, we discuss recent developments on the Canadian gas data front and why Canadian NATGAS Billboard would be a worthy addition to your analytic needs. Warning! Today’s blog is a blatant advertorial for an RBN product.
In terms of the data they provide, it seems that Canada and the U.S. are never quite on the same page when it comes to their separate, but highly integrated natural gas markets. Both have similar regulatory and statistical agencies that pump out natural gas data, but the amount and detail of data coverage can be very different, depending on which side of the border you are considering.
In terms of data volume and detail, there is no comparison. The U.S. Energy Information Administration (EIA) compiles data on most of the important aspects of the U.S. natural gas market that you might ever wish for. When combined with the Federal Energy Regulatory Commission’s (FERC) mandated daily reporting requirements for every receipt and delivery point on interstate natural gas pipelines, a lot of analytic effort and computer programming can yield a nearly real-time picture of the U.S. natural gas market in terms of production, major demand components, exports, imports, and storage.
Canadian crude output is rising, requiring new export routes. As traditional pathways face constraints, the U.S. Rockies—especially the Guernsey, WY hub—are emerging as key corridors for moving Canadian heavy crude to downstream markets, including the Gulf Coast.
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About the song
"You Oughta Know" was written by Alanis Morissette and Glen Ballard. It appears as the second song on Morissette's third studio album, Jagged Little Pill. Released as a single in July 1995, it went to #6 on the Billboard Hot 100 Singles chart. The song won Grammy Awards for "Best Rock Song" and "Best Female Rock Vocal Performance" in 1996. It has been covered by artists such as Beyonce, Weird Al Yankovic, 1000 Mona Lisas, and Britney Spears. The video for the song received widespread rotation on MTV at the time. A note of trivia on the video is the drummer featured in the band playing in the Mojave Desert scenes is Taylor Hawkins. Hawkins would later go on to fame as the drummer of the Foo Fighters. Personnel on the record were: Alanis Morissette (vocals), Glen Ballard (programming), Dave Navarro (guitar), Flea (bass), Benmont Tench (organ), and Matt Laug (drums).
Jagged Little Pill was recorded between March 1994 and April 1995 at Westlake Recording Studios and Signet Sound in Los Angeles. Glen Ballard produced the record, and also co-wrote all the songs on the album with Morissette. Released in June 1995, the album went to #1 on the Billboard Top 200 Albums chart. It has been certified 16X Platinum by the Recording Industry Association of America. Six singles were released from the LP. Jagged Little Pill was made into a Broadway musical in 2019; the show earned 15 Tony Award nominations.
Alanis Morissette is a Canadian-American singer, songwriter, record producer, and actress. She has released nine studio albums, three live albums, six compilation albums, two EPs, and 37 singles. Morissette has won one ASCAP Award, two American Music Awards, one Brit Award, two Billboard Music Awards, seven Grammy awards, and three MTV Video Music Awards. She still records and tours.
