It is currently May 21st, 2019, 7:56 pm

All times are UTC-07:00




Post new topic  Reply to topic  [ 7 posts ] 
Author Message
Unread postPosted: May 15th, 2019, 9:11 am 
User avatar

Joined: November 17th, 2012, 4:01 pm
Posts: 10989
After years of uncertainty and delays, the federal government will reportedly make a decision on the Trans Mountain pipeline expansion on June 18.

Reports suggest Ottawa will “likely” approve the project and all Canadians should understand how important this decision will be for the country’s energy sector and future investment.

Obviously, the country’s energy sector matters.

The oil and gas industry accounts for 8% of Canada’s economy and generates a significant amount of revenue for governments.

Nowhere is this more true than in Alberta where the sector accounts for 30% of the province’s economy.

However, despite its importance, the industry has suffered in recent years due largely to poor government policies, both provincial and federal.

Of course, lack of new pipeline capacity remains an ongoing problem for the sector, greatly reducing the price Canadian oil producers receive for their products. I

In fact, according to a recent study, insufficient pipeline capacity and its subsequent discounted prices for Canadian oil cost the energy sector $20.6 billion — or 1% of the country’s economy — in foregone revenues last year.

Canada’s energy sector — again, particularly in Alberta — has also endured uncompetitive taxes and regulations, especially when compared with the United States.

The federal government, and many key provincial governments including the former government in Edmonton, have increased taxes and regulatory requirements including the federal carbon tax, a provincial cap on greenhouse gas emissions, new regulations of methane emissions, stricter ethanol regulations and a mandated coal-phase out.

And the Trudeau government’s proposed Bill C-69 and Bill C-48 will impose further barriers to energy development.

In contrast, the U.S. has taken a number of steps to promote energy development. The Trump administration rescinded or scaled-back several regulations including restrictions on hydraulic fracturing on federal lands and, along with U.S. Congress, implemented sweeping tax reform that dramatically lowered business taxes to promote investment and entrepreneurship.

The result of this divergence in policies is that the U.S. is enjoying a thriving energy sector while Canada’s continues to languish.

Consider that a recent study found that between 2016 and 2018 the U.S. has enjoyed a 41% increase in investment in its upstream oil and gas sector (essentially, exploration and production) compared to only a 15% increase in Canada.

Which takes us back to the Trans Mountain pipeline expansion, the last of three major pipeline expansions in Canada still under consideration.

Next month’s decision by the federal government will signal whether or not the near unprecedented level of legal, political and regulatory uncertainty in our energy sector will continue.

Remember, the proposal to expand the Trans Mountain pipeline between Edmonton and Burnaby, British Columbia, was first approved by the federal cabinet in 2016, but the expansion has yet to be built.

It’s clear that Canada’s uncompetitive taxes and regulations — particularly regarding pipeline approvals — are eroding the country’s attractiveness for investment.

By approving the Trans Mountain expansion next month, the federal government could help restore investor confidence in Canada’s energy sector, a fundamental part of the Alberta economy and a key element of the country’s economic wellbeing.
https://calgarysun.com/opinion/columnis ... rgy-sector

Make no mistake, Canada's slumping oil and gas sector is due to deliberate sabotage by the Trudeau regime and his allies in Quebec, BC and most importantly the outgoing regime of Rachel Notley. The US oil and gas sector is booming and wages for that industry South of the border are now higher than in Canada.

_________________
A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


Top
Unread postPosted: May 15th, 2019, 9:23 am 
User avatar

Joined: November 17th, 2012, 4:01 pm
Posts: 10989
Let's talk honestly about Trans Mountain concerns

Vancouver is one of the most beautiful cities in the world. I get why Vancouverites don’t want an oil spill in Burrard Inlet, which for all intents and purposes is their city’s front yard.

I’ve spent four days overlooking Coal Harbour, the section of the Inlet east of Stanley Park and adjacent to the vaulting towers of downtown Vancouver.

The other morning while walking the shoreline a great blue heron swooped close enough overhead that both my wife and I swore we felt his wings beat. We also had to stop momentarily while a goose and gander nudged their goslings across our path and into Lost Lagoon.

Nearby, a seagull dismembered a starfish, limb-from-limb, until he could swallow the creature’s core, whole.

All this is in the centre of a city of over a million people.

But if you look past the runners, walkers, cyclists and rollerbladers on the Seawall, past some of the most expensive condos on the continent and some of the most amazing restaurants, past the crab fishermen, rowers, rhododendrons, cedars, yachters, kayakers and gargantuan cruise ships, all framed by stunning mountains in the backdrop, you notice something else – the third-busiest port on the continent and the No. 1 North American port for exports.

One-third of all of Canada’s exports to the rest of the world (not including the United States) pass through the Port of Vancouver.

Trains rumble in hour after hour bringing goods from all over B.C., all over Western Canada, even from several American states to be taken to over 150 countries by tanker, container and cargo ship.

Just across the water from the chic, floor-to-ceiling glass skyscrapers are a dozen or more huge marine terminals loading grain, chemicals, forestry products, steel, machinery, coal, potash, fuel and, yes, Alberta oil and bitumen.

Immediately opposite Stanley Park lies Vancouver Wharves which is distinguishable by its heaping tailings cone of sulphur. Next door to that is one of the largest wood-chip and pellet docks in the world.

The port is the reason most of the rest of Vancouver exists. Each year, $200 billion in goods passes through here. Over 100,000 jobs depend on the export business.

I understand the desire of Vancouverites to keep this gorgeous waterway clean, so I can feel their concern over tankers and the Trans Mountain pipeline.

But the concern is both hypocritical and disconnected.

The hypocrisy comes from singling out Alberta oil for attack. Why oppose Trans Mountain while leaving all the remaining vast flow of natural resources unmolested? Why no “kayak-tivism” (paddling out and chaining your kayak to the kayaks of other seaborne demonstrators) against timber or coal? Vancouver is the largest port on the West Coast for the export of soft, U.S. coal which produces far more emissions and pays no carbon tax.

The disconnect comes from not understanding that all the towers and condos and parks along the waterfront exist mostly because of all the timber, coal, sulphur and, yes, oil that passes through this port. Baristas, teachers and bicycle mechanics all do their bit, but a modern, prosperous economy is not sustained by sales of half-sweet, no-foam, soymilk, caramel macchiatos or fair trade, bamboo dashikis.

This is why Bill C-69, which is currently before the Senate has to be scrapped – not amended, but scrapped altogether. Not only will it make future pipelines impossible, but, as witnesses before a Senate committee have testified, high-speed trains, bridges, solar and wind electricity farms, transmission lines and marine terminals are also threatened.

Power plants, too, will be hard to build. And without oil, all those electric cars the eco-activists are dreaming of are going to need a lot more power plants. (Another example of the disconnect of naive idealists.)
https://torontosun.com/opinion/columnis ... n-concerns

The disconnect and hypocrisy of both Montrealers with foreign oil tankers supplying their daily living needs as opposed to Western Canadian oil and British Columbians not protesting potash, chemicals and American coal, but thinking Alberta oil is the devil shows mass media demonizing of Canadian oil by foreign billionaires is working.

_________________
A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


Top
Unread postPosted: May 15th, 2019, 9:29 am 

Joined: October 19th, 2012, 4:26 pm
Posts: 2786
Is there a need for a pipeline anymore since theyve figgered out how to package bitumen from the tarsands into hockey pucks then transport them by rail?

Seems thatd be the better way to transport oil by rail carrying pucks than a pipeline


Top
Unread postPosted: May 15th, 2019, 9:32 am 
User avatar

Joined: October 4th, 2012, 10:25 pm
Posts: 38561
seoulbro wrote:
After years of uncertainty and delays, the federal government will reportedly make a decision on the Trans Mountain pipeline expansion on June 18.

Reports suggest Ottawa will “likely” approve the project and all Canadians should understand how important this decision will be for the country’s energy sector and future investment.

Obviously, the country’s energy sector matters.

The oil and gas industry accounts for 8% of Canada’s economy and generates a significant amount of revenue for governments.

Nowhere is this more true than in Alberta where the sector accounts for 30% of the province’s economy.

However, despite its importance, the industry has suffered in recent years due largely to poor government policies, both provincial and federal.

Of course, lack of new pipeline capacity remains an ongoing problem for the sector, greatly reducing the price Canadian oil producers receive for their products. I

n fact, according to a recent study, insufficient pipeline capacity and its subsequent discounted prices for Canadian oil cost the energy sector $20.6 billion — or 1% of the country’s economy — in foregone revenues last year.

Canada’s energy sector — again, particularly in Alberta — has also endured uncompetitive taxes and regulations, especially when compared with the United States.

The federal government, and many key provincial governments including the former government in Edmonton, have increased taxes and regulatory requirements including the federal carbon tax, a provincial cap on greenhouse gas emissions, new regulations of methane emissions, stricter ethanol regulations and a mandated coal-phase out.

And the Trudeau government’s proposed Bill C-69 and Bill C-48 will impose further barriers to energy development.

In contrast, the U.S. has taken a number of steps to promote energy development. The Trump administration rescinded or scaled-back several regulations including restrictions on hydraulic fracturing on federal lands and, along with U.S. Congress, implemented sweeping tax reform that dramatically lowered business taxes to promote investment and entrepreneurship.

The result of this divergence in policies is that the U.S. is enjoying a thriving energy sector while Canada’s continues to languish.

Consider that a recent study found that between 2016 and 2018 the U.S. has enjoyed a 41% increase in investment in its upstream oil and gas sector (essentially, exploration and production) compared to only a 15% increase in Canada.

Which takes us back to the Trans Mountain pipeline expansion, the last of three major pipeline expansions in Canada still under consideration.

Next month’s decision by the federal government will signal whether or not the near unprecedented level of legal, political and regulatory uncertainty in our energy sector will continue.

Remember, the proposal to expand the Trans Mountain pipeline between Edmonton and Burnaby, British Columbia, was first approved by the federal cabinet in 2016, but the expansion has yet to be built.

It’s clear that Canada’s uncompetitive taxes and regulations — particularly regarding pipeline approvals — are eroding the country’s attractiveness for investment.

By approving the Trans Mountain expansion next month, the federal government could help restore investor confidence in Canada’s energy sector, a fundamental part of the Alberta economy and a key element of the country’s economic wellbeing.
https://calgarysun.com/opinion/columnis ... rgy-sector

Make no mistake, Canada's slumping oil and gas sector is due to deliberate sabotage by the Trudeau regime and his allies in Quebec, BC and most importantly the outgoing regime of Rachel Notley. The US oil and gas sector is booming and wages for that industry South of the border are now higher than in Canada.

Rachel Notley and her cabinet were anti Alberta oil activists before they were elected and continued to be after being elected to run the province..

She appointed prominent anti Alberta oil activists with no engineering background like Tzeporah Berman to prominent advisory roles they were unqualified to be on.


Top
Unread postPosted: May 15th, 2019, 9:33 am 
User avatar

Joined: October 4th, 2012, 10:25 pm
Posts: 38561
JOE wrote:
Is there a need for a pipeline anymore since theyve figgered out how to package bitumen from the tarsands into hockey pucks then transport them by rail?

Seems thatd be the better way to transport oil by rail carrying pucks than a pipeline

The CN trial of that hasn't even started yet and even they admit it's not a substitute for pipelines.

Tarsands, JOE, you're a terrible troll.


Top
Unread postPosted: May 15th, 2019, 9:41 am 
User avatar

Joined: November 17th, 2012, 4:01 pm
Posts: 10989
Fashionista wrote:
JOE wrote:
Is there a need for a pipeline anymore since theyve figgered out how to package bitumen from the tarsands into hockey pucks then transport them by rail?

Seems thatd be the better way to transport oil by rail carrying pucks than a pipeline

The CN trial of that hasn't even started yet and even they admit it's not a substitute for pipelines.

Tarsands, JOE, you're a terrible troll.

Sixty year old virgins are discussion wreckers. They are bitter and irrational and understandably so.

_________________
A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


Top
Unread postPosted: Yesterday, 7:01 pm 
User avatar

Joined: November 17th, 2012, 4:01 pm
Posts: 10989
BC opposes increases traffic off it's coast, but it's adding 22 new ferries to transport all the visitors to the islands. And they won't won't disturb marine life. :oeudC:

_________________
A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


Top
Display posts from previous:  Sort by  
Post new topic  Reply to topic  [ 7 posts ] 

All times are UTC-07:00


Who is online

Users browsing this forum: TheVancouverGuy and 37 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Jump to:  
Powered by phpBB® Forum Software © phpBB Limited
phpBB SEO
[ GZIP: On ]