For all intents and purposes, OPEC is now engaged in a price war with the United States. What that means is that it's very cheap to pump oil out of places like Saudi Arabia and Kuwait.But it's more expensive to extract oil from shale formations in places like Texas and North Dakota.or all intents and purposes, OPEC is now engaged in a price war with the United States. What that means is that it's very cheap to pump oil out of places like Saudi Arabia and Kuwait. But it's more expensive to extract oil from shale formations in places like Texas and North Dakota.
PRINCE EDWARD ISLAND. ORIGIN OF PROVINCE NAME: Prince Edward Island was originally called Abegweit (lying down flat, or cradled by the waves) by the Micmac Indians. Europeans called it the Island of Saint John in 1763; in 1799 the island was renamed Prince Edward Island, in honor of Prince Edward of England. NICKNAME: The Garden Province, The Million Acre Farm, or Spud Island.
Charlottetown. Charlottetown, PEI, incorporated as a city in 1855, population 34,562 (2011c), 32,174 (2006c). The capital of Prince Edward Island, the City of Charlottetown is also the administrative centre of Queens County and the principal municipality of Canada's smallest province.It is situated on a broad harbour opening into the Northumberland Strait.arks Canada and the Province of Prince Edward Island jointly maintain the site. The Confederation Centre of the Arts was founded in 1964 as Canada's National Memorial to the Fathers of Confederation. The facility occupies a city block, the former Market Square, and is the home of the notable Charlottetown Festival.