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.
Prince Edward Island Culture, History and Population. Prince Edward Island is a separate province and is the 23rd biggest in Canada in terms of area. The island also boasts a larger population than Canadaâs three territories with its 138,000 residents.