Over a barrel

[Anonymous]

The price of oil is collapsing.

Shen Li's comapny's stocks lost half their value today.

[Anonymous]

Alberta Premier Jason Kenney has called for financial support from Ottawa to ride out the perfect storm of collapsing oil prices, a Saudi-Russia price war, rail blockades and years of damage caused by the Trudeau government that has devastated the province's economy.



Alberta has always been there for Canada and has contributed mightily to our national prosperity, including infrastructure in Eastern provinces. When it needs help, I believe all of Canada must respond.



The men and women who work in the oil and natural gas sectors, whether in the Prairies or offshore, deserve our respect and support through these incredibly difficult times. They are not looking for handouts, but just a fair chance to succeed without being held back by a federal government that is hostile to the development and sale of our nation's resources.



Bills C-48 and C-69 that have effectively blocked the shipment of all future oil and natural gas exports from major fields to our major trading partners.



Canada and the world need more oil and natural gas produced from Alberta, Saskatchewan, B.C. and Newfoundland and Labrador, not less; energy that can be ethically produced by world-class companies using the most advanced Canadian technology and in the most environmentally responsible and sustainable way possible.



Justin Trudeau has failed to help Canada get our oil and gas to global markets where it can command the best possible price and contribute to the fight against climate change, especially our LNG which can significantly contribute to the worldwide effort to reduce reliance on coal.  



He has also failed Canadians by blocking the expansion of oil and gas pipelines to the East—the safest means of energy transportation—so we can all benefit from a low-cost, reliable, secure and Canadian source of energy. We need to achieve complete national energy independence without the importation of foreign oil. Shipping it around the continent via the Panama Canal is costly, risky and is not a long-term solution.  



It is a failure of national leadership to forgo the development and export of our nation's energy assets that are in use by virtually every human on the planet and will be for the foreseeable future. If not our energy, whose? Russia? Venezuela? Saudi Arabia?

[Anonymous]

Canada intent on worsening urgent fiscal problem with increasingly lonely climate change battle



Canada has the dubious distinction of being the only country rich in energy resources whose government's policy is to keep most of its wealth buried forever.



"Ottawa's net debt is headed for the previously inconceivable level of $1 trillion," which is $105,000 for a family of four. That crushing burden means years of higher taxes, reduced social spending and less help for the provinces, which are on the front lines of our health-care system.



Now is the time to focus like a laser on growth and fiscal prudence and to avoid like the plague (pun intended) costly gestures that will retard recovery and achieve nothing substantive for the environment. What we should not do is widen an already yawning gap between Canada's costly and uncompetitive climate policies and those of the rest of the world. We have much more to lose than countries not blessed with our vast proven oil and gas resources. Moreover, at 1.6 per cent of global GHG emissions, we can have no measurable impact on global temperatures, no matter how heroically we pursue a green transition. And yet Finance Minister Bill Morneau has said his 2020 budget will focus on the environment, while the feds recently raised the carbon tax by 50 per cent.



Every year from now until 2040 Canada could eliminate 1,500 megatons of carbon dioxide equivalent emissions by substituting natural gas for coal in Asian power plants. Over the 20 years, that is the equivalent of four Canadian LNG export facilities. But that would require pipelines to tidewater, which — perversely — environmentalists oppose.



The UN forecasts the pandemic could cut global economic growth to minus one per cent from a previously forecast increase of 2.5 per cent. That represents roughly $3 trillion in lost production. At the moment, developed countries are scrambling to cope with their devastated economies. Nor is climate change top-of-mind in the non-Western world, which is now responsible for three-quarters of global emissions. International pressure to give up on the calamitous fantasy of net zero emissions by 2050 will be intense, although it remains a throne speech commitment for the government.



China's GHG emissions, representing 28 per cent of global emissions, will grow at least until 2030, given the country's massively increased coal production. Although the U.S., at 14 per cent, has withdrawn from the Paris accord, it actually leads the world in greenhouse gas reductions because of its shift from coal to natural gas. India, currently at seven per cent of world emissions, will increase its share as it works to alleviate the poverty of 276 million people living on less than $1.25 a day. As for Germany, its transition to green energy has been called "an impending disaster." Chancellor Angela Merkel recently caved on support for a green energy plan after her MPs rebelled against it.

https://business.financialpost.com/opinion/joe-oliver-canada-intent-on-worsening-urgent-fiscal-problem-with-increasingly-lonely-climate-change-battle">https://business.financialpost.com/opin ... nge-battle">https://business.financialpost.com/opinion/joe-oliver-canada-intent-on-worsening-urgent-fiscal-problem-with-increasingly-lonely-climate-change-battle



Climate virtue signalling is a luxury Canadians can no longer afford. Build pipelines, build LNG facilities, get Canadians working, generate revenue, reduce global emissions and do it ten minutes ago.

[Anonymous]

[media]https://www.youtube.com/watch?v=tF8gmE-HP7A&feature=share&fbclid=IwAR1gL4YFHKGP8ebXGGDkoGVjfohYdV7iI400sLrC_O7cWiwtGiFCtEbht_o">