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, 

Canada was just ranked 51st out of 60 countries in the
 2018 Climate Change Performance Index

Weighed down in large part by a certain oily elephant north of Edmonton. 
Bank of Canada listed climate change as a threat to the Canadian economy

 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.”

Here’s where Earth stores its carbon

Canada should be one of the Richest Nations in the World 

In addition to oil.

Canada has many other valuable natural resources 

Here are the world rankings of Canada's natural resources:

Potash, #1

Uranium, #2

Oil, deposit #3 (production #6)

Nickel, #4

Diamond, #5

Salt, #5

Zinc, #6

Gold, #9

Copper, #9


Because Alberta is 
‘Essentially giving oil away for free’
Alberta, produces 2.5 million barrels of oil per day

Alberta oil Jobs are backsliding
Alberta employs about 140,000 people in the oil and gas sector 
Only 6 percent of the provincial total now.

Last year, the oil patch shed 14 per cent of its workforce.

It costs Canada 6,517,860 Plus barrels of oil every year

Just to keep one full time worker [working]

Canada subsidized the fossil fuel industry to the tune of almost $60 billion — approximately $1,650 per Canadian.

Over the next 20 years, the oil sands industry is expected to pay $1.7 trillion in

Provincial and federal taxes – including royalties. 

Just add up  912.500.000 barrels of oil per year
Lets go low $10.00 per barrel for 20 years 


This is why our Resource-Rich Canadian Government is Always Poor

And they are

"incredibly profitable corporations,"

Oil company payments to governments in Canada and abroad

Rural Alberta is coping with $81-million shortfall in 
oil and gas taxes

Alberta taxpayers footing bill for delinquent oil and gas companies,

Alberta’s ‘reclaimed’ wells aren’t actually reclaimed: 


Oil and gas companies can receive certificates for site clean up  





With the click of a button, 


 71% of the benefits and the subsidies goes to 

Foreign Entities and Big Businesses 


Our Resource-Rich Canadian Government Is

 Just teetering on the boundary

Canada's national debt today is hitting 90% of GDP
 

The Government of Canada borrows much of the monies to 

Cover its shortfalls 

From the private sector 

To understand how ridiculous this present situation is,


Consider the Auditor General of Canada report

This is making Canada the laughing stock of the world

CANADA'S BIGGEST SECRET

Set aside the political argument for buying the 
Kinder Morgan pipeline and you’re left with a deal that makes no business sense.

(The pipeline is 67 years old.)

Without so much as a basic cost-benefit analysis,

 Export Development Canada’s administration of a nearly
 $5 billion loan to support the government’s controversial purchase and operation of the 

Trans Mountain pipeline a 67-year-old infrastructure

Kinder Morgan estimates the useful life of its pipelines at
30 to 64 years


According to Kinder Morgan’s financial statements.
Kinder Morgan pipeline is not worth much more than
$1 billion,

Prime Minister Justin Trudeau’s repeated claims 
that the pipeline was essential for Canada’s future. 

Declaring the Trans Mountain pipeline was a matter of national interest

The Trans Mountain pipe line has nothing to do with

Asian markets 

It has everything to do with enriching U.S.-based refineries.


96% of Canada’s oil exports go to the U.S.

It was the loss of the Keystone XL pipeline to the Gulf Coast

A 800,000 barrels a day pipe line

This is the reason why

Prime Minister Justin Trudeau
 Spend C$4.5bn (US$3.45bn) Plus
To purchase


Kinder Morgan’s Trans Mountain Pipeline


Asia via the existing 300,000 barrel per day pipeline

When no other private investors would stepped up to take on the risk. 

This is why

96% of Canada’s oil exports go to the U.S.

In 2018, Canada was the largest foreign supplier of crude oil to the U.S., accounting for 48% of total U.S. crude oil imports and for 22% of U.S. refinery crude oil intake.

Canada exported 3.5 million barrels per day to the U.S. in 2018, 96% of all Canadian crude oil exports.

After years of study and delay,  

The decade-long saga over the Keystone XL pipeline, which would stretch nearly 1,200 miles from Hardisty, Alberta, to Steele City, Neb., has been full of legal twists.

The Keystone XL, was first proposed in 2008 under
President George W. Bush, would begin in Alberta and go to Nebraska, where it would join with an existing pipeline to shuttle more than 800,000 barrels a day of crude to terminals on the Gulf Coast.

Envisioned in 2008 as a way to connect Canada’s oil sands fields with Gulf Coast refineries, the project has died and been resurrected more than once.

In 2015, on the eve of the international climate talks in Paris,

The Obama administration announced it was halting construction on the remainder of the Keystone XL pipeline, arguing approval would compromise America’s effort to reduce its greenhouse gas emissions. 

Thank you Donald Trump 

Trans Mountain pipeline can now sit in the courts forever

Because

Donald Trump issues new permit for Keystone pipeline

 Canada now has a 800,000 barrels a day pipe line of crude to terminals on the Gulf Coast

Trump reversed Obama decision soon after taking office in 2017, saying the $8-billion project would boost
American energy and create jobs. 

A presidential permit is needed because the project crosses a U.S. border.

BC.Gasoline and Diesel Prices Inquiry said

It's the lack of Competition and Gouging to


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.

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.

With a $260 billion bill to clean up Alberta’s oil patch

Our nation has an employed population of 18.4 million, Meaning the average working person would have to pony up $14,000 to pay for 
Alberta’s special relationship with the oil industry.

If this does not end Canada will be the next Venezuela 


The world ranking of Canada's Oil  



Deposit #3 (production #6)

Canada subsidized the fossil fuel industry to the tune of almost $60 billion — approximately $1,650 per Canadian. 

  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

Canada subsidized the fossil fuel industry to the tune of almost $60 billion — approximately $1,650 per Canadian.

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 

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


Rural Alberta is coping with $81-million shortfall in  oil and gas taxes

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

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

https://lethbridgeherald.com/commentary/opinions/2019/08/01/climate-emergency-hysteria/

According to a new International Monetary Fund (IMF) report
Canada subsidized the fossil fuel industry to the tune of almost $60 billion 

Approximately $1,650 per Canadian.  

Prime Minister Justin Trudeau's vow to phase this out


 It still hasn’t happened

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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,  Canada was just ...