Monday, 5 August 2019

If you ever wondered why the East gets to import oil by tanker but BC is against exporting it in tankers, .

Justin Trudeau’s Family Fortune Was Made 
With Oil Money in Eastern Canada 

In this Climate Crisis Election, 

       Bank of Canada listed climate change as a threat to the Canadian economy

Who Dares Name Big Oil the Enemy?

That’s 7 degrees in Canada,
 Referring to the fact we’re warming at two times the rate 
of the rest of the world. 

“That’s catastrophic levels of change in a short period of time.”

BC.Gasoline and Diesel Prices Inquiry said

Canada oligopolistic wholesale market has the characteristics of a natural monopoly

Contrary to claims made by

 Prime Minister Justin Trudeau and Alberta politicians, 

The commission found the volume of refined products moving on


The Trans Mountain pipeline has no effect on prices only profits 

Economist Robyn Allan told DeSmog Canada. 

Because of "Air Barrels"

“Virtually no exports go to any markets other than the U.S.,” 

Most of it at a very steep discount.

The Inquiry said 

Blame for High Gas Prices

Economic cheerleading by federal and provincial politicians and the mainstream media on behalf of the oil industry is doing the public a great disservice. 

When the party is over in the oil patch, 

Canadian taxpayers may find themselves doing the dishes.


If this does not end Canada will be the next Venezuela 


The world ranking of Canada's Oil 

Deposit #3 (production #6)

               Still Canadians are paying some of highest gas prices in the world

 Calgary Oil and Gas Execs want to keep it that way

They're Backing Scheer


Canada can have 100 pipelines 
It would have no effect on prices only profits

This is why

Alberta

The Five Big Canadian Companies


 Together they now control almost 

80 per cent of bitumen production

British Columbia


 Control approximately 90 per cent of the 

Market in Southern B.C. 

Therefore, the wholesale gasoline and diesel market is an oligopoly.”

These companies control all 15 primary storage terminals in the province “and, along with 

Federated Co-op Limited, control all the Bulk Terminals.

 (Bulk terminals handle smaller volumes of fuel supplied by truck.)

The companies’ dominance makes it effectively impossible for competitors to enter the market, the report found.

 “This oligopolistic wholesale market has the characteristics of a natural monopoly,” it said.

Contrary to claims made by Alberta politicians, the commission found the volume of refined products moving on 

The Trans Mountain pipeline had no effect on prices just profits 

And it noted the higher relative prices continued even as demand declined after peaking in 2016. 

The demand decline is expected to continue.

The B.C. Utilities Commission’s recent report on gas prices confirms consumers are paying 

$500 million a year too much for gasoline, Plus

IMF Pegs Canada’s Fossil Fuel Subsidies at $34 Billion

Today it will cost you to clean up

Alberta's oil patch? $260 billion

$200 billion more than has been publicly reported.  

In 100 years only $1.2 billion has been invested in Clean up

The Cleanup bill is greater than the

Value of the entire oil and gas industry

“Canada wants to be a climate champion and"

Canada does not have the money to clean up the oil fields so 

Canada is sweeping the problem under Water

Because there is shockingly poor regulatory oversight and lack of ambition on 
Tailings management progress in Alberta,

 Tailings Ponds are Worse Than Ever

National Geographic said
This is the world's most destructive oil operation
And It's growing 

This is due to an 

Companies have no deadlines to clean up abandoned wells.

Oil sands waste is collected in sprawling toxic ponds.

To clean them up, oil companies plan to pour water on them

“It’s biologically and chemically an impossible fantasy,” said

David Schindler, a former University of Alberta professor
 and renowned freshwater scientist and officer of the
 Order of Canada. Said 

Water capping will return land to a natural state is a  “impossible fantasy.”

Two Alberta courts previously ruled that private creditors of bankrupt Redwater Energy Corp.

Were first in line for liquidated assets, 

Ahead of its obligation to pay for environmental cleanup. 

This is the problem of taxpayers and Landowners.

And if oil and gas companies aren’t setting aside the money to clean up


 Their own mess, just who is going to pay for it?  

You guessed it: The rest of us

Why 

More than two-thirds or 71% of the ownership of oil sands production in

Canada is now owned by foreign entities 

Foreign Investors they do not live here so

They do not care about Canada's environment

They only care about their bottom line 

 Bank of Canada just listed climate change as a threat to the Canadian economy

In this Climate Crisis Election, 
Who Dares Name Big Oil the Enemy?


“That’s 7 degrees in Canada,”referring to the fact we’re warming at two times the rate of the rest of the world. 

“That’s catastrophic levels of change in a short period of time.”

This is making Canada the laughing stock of the world

The Inquiry said 

The only way to stop price gouging is

 "By intervening and regulating,” 

“Without that change," 

Consumers will continue to be exploited in this market.”

Without that change Canada will be the next Venezuela 

Alberta, produces 2.5 million barrels of oil per day 


‘ Alberta is essentially giving oil away for free’ 


 Canada Buys back the oil at Full Market Price


54 per cent – of all Canadian oil imports come from the USA

More than two-thirds or 71% of the ownership of 

Oil sands production in

Canada is now owned by foreign entities 

Because most of the benefits go to the big businesses instead of the government.

The Government of Canada

Borrows much of the monies to cover its shortfalls

From the private sector 

The Cost of Government Debt in Canada, 

To understand how ridiculous this present situation is,

Consider the Auditor General of Canada report

which states

That this is insane, This has to end

Can you really blame Albertans for being pissed? 

The $30 billion exodus:

 Foreign oil firms are bailing on Canada

Rachel Notley is telling the truth ,

Alberta’s oil and gas companies have figured out how to pull off  


Rachel Notley said because of "Air Barrels" 


Alberta is losing billions every year 


To Fight “Air Barrels”  

As Prices Continue To Plunge

The government estimates Alberta is losing

$80 million a day due to this discount,

Industry manipulates the current system.

Alberta will never be able to stop “Air Barrels”

Instead of fixing the problems

Canada allows big players to continue to scam the system,

Prime Minister Justin Trudeau gives the oil sector $1.6B boost

Oil went from portfolio stalwart to portfolio destroyer 

The world ranking of Canada's Oil  

Deposit #3 (production #6)

Canadian oil sands bitumen have fallen so far that many producers

 Because Alberta oil is sold for pennies on the dollar we are 

‘Essentially giving our oil away for free’ 

Oil giants pay billions less tax in Canada than abroad 

WHERE DOES YOUR GAS COME FROM

Canada imports 759,000 barrels of oil per day at full market price

Rachel Notley said this is killing Canada

Most of the benefits go to Foreign Entities 


And five big Canadian companies  


A common misunderstanding about
Canada’s oil and gas industry 


Is that all the Companies that belong to it 


Face the same pressures to their business models from volatile oil prices and climate regulations. 


The reality is much more nuanced. 


When Hussey explored how the industry was affected by the


 2014 oil price downturn for the Corporate Mapping Project, 


He was surprised to learn that

The Five Big Canadian Companies


  Suncor, CNRL, Cenovus, Husky and Imperial 


 Together they now control almost 


80 per cent of bitumen production

By studying publicly available records, 

He and his research team discovered that 


“The Big Five” 


Were performing relatively well 


"incredibly profitable corporations," 

Banking and paying out to shareholders

 $13.5 billion last year.

Even as tens of thousands of Albertans lost their jobs and smaller companies filed for bankruptcy


Suncor for instance had a net profit rate above

 13.5 per cent in 2017 

The Truth is 

Alberta, 

The royalties for oil sand production 

Goes down every year 


“Canada’s non-renewable energy resources 



It's because most of the benefits go to the big businesses instead of the government.

Plus more than two-thirds or 71% of the ownership of oil sands production in

Canada is now owned by foreign entities 

Foreign Investors they do not live here so

They do not care about Canada's environment


They only care about their bottom line today

 Canada will not be able to live up to its 

Paris Agreement obligations for the year 2050.

Today the Alberta Tar Sands have been dubbed the largest

And most destructive   

 Industrial project in human history

In 100 years only $1.2 billion has been invested in Clean up

Today it will cost you to clean up

Alberta's oil patch? $260 billion

$200 billion more than has been publicly reported.  

Even as Canada promotes action on climate change on the world stage,

 Canada does not have the money to clean up the oil fields 

The Cleanup bill is greater than the

Value of the entire oil and gas industry and

The oil sands industry's heavy environmental toll has prompted other investors to walk away. 


Why is our export credit agency bankrolling its rapid expansion


Fuelling the oil sands


How Big Are Canada’s Oil Sands?

We had 100 years of Alberta oil

Today our Current Outstanding Public Debt of Canada is approximate:

$629,572,079,450.28 CDN.

The Cost of Government Debt in Canada, 2017

Believe it or not

Alberta

Will be $71 billion of debt by the time the

NDP face voters in 2019

Alberta is on pace to be $96 billion in debt by 2024

Manitoba Hydro's burgeoning debt surpasses $19 billion

This is a dramatics change in fortunes for a province

That celebrated being debt free 20 years earlier



Canada is now Number ONE in the world for Subsidies




This is making Canada the laughing stock of the world

Justin Trudeau’s Killed Energy East Pipeline

Justin Trudeau’s Family Fortune Was Made With Oil Money in Eastern Canada

Twice now we have voted in a Trudeau


 Every time we vote in a Trudeau everyone in Canada Cries


Rachel Notley is telling the truth this is killing Canada




Trudeau is a laughingstock amongst world leaders.

He arrives in foreign nations preaching climate change,

Gender equality, progressive trade, diversity and inclusion.

Some governments are politer than others in telling him to hit the road and mind his own business.

He is not an emissary for the United Nations and does not speak for most Canadians.



The BC Premier is behaving like a pampered and spoiled brat who does not want anyone else to touch his toys. 

There is sound reason why interprovincial works projects are under federal jurisdiction – to prevent the very sort of localized spanner-in-the-works behaviour by one province over the interests of others.

The BC exclusivity is the exact opposite of the inclusiveness Trudeau preaches. 
The contradiction is palpable and emphasised by federal government inaction.

Divisive Politics…

BACK AND FORTH

Sort of puts things in perspective ……

If you ever wondered why the East gets to import oil by tanker but BC is against exporting it in tankers, read this .

With all the fuss over the Kinder Morgan Trans-Mountain pipeline project, one would think that British Columbia was under siege from petroleum interests. 

That is an epic fairy tale. 

Our federal government should have the same approach to petroleum pipelines no matter where they are proposed or built.  

Similarly, movement of oil by ship should be the same no matter what part of Canada movement is in.

The facts tell an entirely different story:

Few people are aware that the East Coast of Canada has about 4,000 inbound trips by oil tankers each year. 

Tankers account for about one fifth of the 20,000 inbound vessel trips on the East Coast. 

Over 82 million tonnes of various petroleum and fuel products are moved in and out of 23 Atlantic Canada ports. 

Almost all the movement of crude oil and petroleum products in Atlantic Canada is through the following ports:

Come by Chance, Newfoundland and Labrador
Port Hawkesbury, Nova Scotia
Saint John, New Brunswick

In Quebec, 25 million tonnes of crude oil and various petroleum products are moved in and out of 39 ports where cargo is loaded or unloaded.

Eighty-nine per cent of the shipments of crude oil and various petroleum products are through Quebec City and Montreal.

Over 4.1 million tonnes of oil products are moved from 29 marine facilities in and out of ports in the Great Lakes – St. Lawrence Seaway.


 Of this: 

 Over 1.8 million tonnes are shipped between Canada and the United States

Over 2.3 million tonnes are imported/exported in and out of the Great Lakes – St. Lawrence Seaway system.

The Canada East pipeline would have disrupted the vested interests who import and refine foreign crude.

The screaming of Montreal politicians over building the Energy East pipeline has nothing to do with protecting the ecology or preventing oil spills unless we overlook the hazards  of marine shipping and ignore 

Montreal pouring a few million liters of raw sewage into the 
St. Lawrence River. 

It is all a smokescreen to allow investors in the current setup to continue to make money.

The screaming out of British Columbia has nothing to do with ecology.

British Columbians are attempting to punish corporations and provinces that produce petroleum products for no better reason than they feel good about themselves as a result. 

Perhaps we should ban fishing, declare a moratorium on west coast vacations and ban passenger liners from west coast ports in retaliation.

British Columbians and their Premier don’t care about $ billions in infrastructure investment and the jobs created, the income to provinces and the federal government or lost tax revenues that can help pay for the services we need.  

Please let me know if you can fathom why tanker traffic is barred from the coastline of British Columbia but not Quebec.

The hypocrisy and double standards are blatantly obvious and unacceptable.

The notion that a pipeline company must account for downstream effects of product shipped is ludicrous.

If we ship crude to a terminal on the west coast and it is bought by China or another Pacific Rim nation we cannot be held accountable for carbon emissions of the importing nation.

If this has to be the case, why is BC coal not counted in the same fashion?

That is where ideologues like McKenna and Trudeau are dangerous.  

They believe they can impose their utopian standards on other nation while their inane policies are strangling our economy at home.

Even worse, the environmental standards imposed on Canadian projects do not apply to foreign oil imports.

Our government is making it harder for us to become energy self-sufficient.  
Why would we import oil rather than produce oil for our own use?

Something stinks and it is not Alberta bitumen.

We need grownups at the federal helm; people who put the well-being of the entire nation and our society first.

Our Prime Minister preaches diversity and inclusiveness while practicing exclusion and divisiveness.

The BC Premier is behaving like a pampered and spoiled brat who does not want anyone else to touch his toys. 

There is sound reason why interprovincial works projects are under federal jurisdiction  
To prevent the very sort of localized spanner-in-the-works behaviour by one province over the interests of others

The BC exclusivity is the exact opposite of the inclusiveness 

Trudeau preaches.

The contradiction is palpable and emphasised by federal government inaction.

John Feldsted
Political Consultant & Strategist
Winnipeg, Manitoba
Different strokes and
divisive politics   --  

Oil Sands Operations 

 Tar Sands Oil Extraction - The Dirty Truth

Nine Uncomfortable Canadian Energy Facts

If you ever wondered why the East gets to import oil by tanker but BC is against exporting it in tankers, .

Justin Trudeau’s Family Fortune Was Made  With Oil Money in Eastern Canada  In this Climate Crisis Election,         Bank of Canada l...