The completion date of this pipeline is one and a half presidential terms away. It's six years of Chinese adoption of renewable energy at frantic pace. How much new production will Oil Sands companies create in those six years? If point number two makes the answer to point 3 zero, Smith arrives at 2032 with 75% of a $54 billion white elephant. If she wins 2027, which, if she keeps cheating hard enough, she just might. The risks for this thing are huge, mostly for Alberta taxpayers, and to a much lesser extent, for the Federal Liberals.
Smith wants a fight about a pipeline with Ottawa (and BC, if required) about a pipeline. A fight is helpful for Smith to blame “others” and helps her internal party position. What she does not want is to end the fight or actually win it.
She walked right into Carney’s trap and let him define the conditions that would need to be met. And in the meantime Eby extracted his pound of flesh for a pipeline that may never be built. An in the process both Carney and Eby appear reasonable and constructive, while making Smith responsible for the project actually happen.
I think what is forgotten in all this pipeline stuff that Smith is trying to push, is something that Max Fawcett first made very clear. He made the very good point that there's no point in building pipelines unless you have something to put in them. The oilsands producers have shown no interest whatsoever in ramping up production. Fawcett points out that expansion is not the focus of their business model. It's not the way their organizations are set up and they really don't want to invest the huge amount of money it would take to produce enough product to put in these pipelines. The producer's model is to make money and pay dividends, not take risks. Especially when the economic horizon for fossil fuel's is not very far off. So take a breath, relax. Smith and or Ford have a lot of selling to do before any pipelines get built. Dont you think Carney knows this too?
With world demand for oil expected to peak perhaps in 5 to 10 years, although the US expects it to peak in 2050, what the f**k are we doing? I don't think for a NY minute this is about resource extraction as much as it's about saving D Smith's heinie. Good for Eby for getting a way to reduce our deficit. I still think Eby should resign but better him than those MAGAts led by Findlay. I follow Martin Hislop on Substack for insights into global electrification and petro. My dream column would be a joint effort from Evan and Martin. It would rock.
Perhaps she wants the right to allow the oil companies to produce unlimited quantities of bitumen unfettered by any environmental responsibilities or constraints.
The completion date of this pipeline is one and a half presidential terms away. It's six years of Chinese adoption of renewable energy at frantic pace. How much new production will Oil Sands companies create in those six years? If point number two makes the answer to point 3 zero, Smith arrives at 2032 with 75% of a $54 billion white elephant. If she wins 2027, which, if she keeps cheating hard enough, she just might. The risks for this thing are huge, mostly for Alberta taxpayers, and to a much lesser extent, for the Federal Liberals.
Smith got exactly what she did not want.
Smith wants a fight about a pipeline with Ottawa (and BC, if required) about a pipeline. A fight is helpful for Smith to blame “others” and helps her internal party position. What she does not want is to end the fight or actually win it.
She walked right into Carney’s trap and let him define the conditions that would need to be met. And in the meantime Eby extracted his pound of flesh for a pipeline that may never be built. An in the process both Carney and Eby appear reasonable and constructive, while making Smith responsible for the project actually happen.
I think what is forgotten in all this pipeline stuff that Smith is trying to push, is something that Max Fawcett first made very clear. He made the very good point that there's no point in building pipelines unless you have something to put in them. The oilsands producers have shown no interest whatsoever in ramping up production. Fawcett points out that expansion is not the focus of their business model. It's not the way their organizations are set up and they really don't want to invest the huge amount of money it would take to produce enough product to put in these pipelines. The producer's model is to make money and pay dividends, not take risks. Especially when the economic horizon for fossil fuel's is not very far off. So take a breath, relax. Smith and or Ford have a lot of selling to do before any pipelines get built. Dont you think Carney knows this too?
With world demand for oil expected to peak perhaps in 5 to 10 years, although the US expects it to peak in 2050, what the f**k are we doing? I don't think for a NY minute this is about resource extraction as much as it's about saving D Smith's heinie. Good for Eby for getting a way to reduce our deficit. I still think Eby should resign but better him than those MAGAts led by Findlay. I follow Martin Hislop on Substack for insights into global electrification and petro. My dream column would be a joint effort from Evan and Martin. It would rock.
Perhaps she wants the right to allow the oil companies to produce unlimited quantities of bitumen unfettered by any environmental responsibilities or constraints.