Posted on 07/30/2017 3:04:56 AM PDT by Trump20162020
Booming energy production from U.S. hydraulic fracturing operations has hurt Canadian oil and gas projects, according to a report by Bloomberg.
Canadian energy projects have become less competitive than their U.S. equivalents for a variety of reasons, including tightening regulations, long approval processes and environmentalist opposition. Canadian Prime Minister Justin Trudeau’s attempts to expand energy exports while reducing the country’s greenhouse gas emissions has further complicated the issue.
Petroliam Nasional cancelled a $27 billion liquefied natural gas (LNG) export project Wednesday due to an “extremely challenging environment” for business. This followed a slew of sell-offs by major oil companies, including ConocoPhillips and Royal Dutch Shell, liquidating more than $20 billion in Canadian oil assets.
“It’s another negative data point for doing business in Canada,” Swanzy Quarshie, a Canadian investor who manages $80 million in energy assets, told Bloomberg. “The biggest concern is the perception that investors are not seeking Canada as an investment opportunity, and what does that do to other investment opportunities?”
U.S. fracking is out-competing Canadian oil and gas, so export terminals will increasingly be built in America. The U.S. is producing natural gas so efficiently it’s almost counterproductive to the industry. Additionally, American politics are far more friendly to energy exports than their Canadian equivalent.
“The disturbing part of this is that it’s not the first project and the first international major company to leave Canada,” Murray Mullen, CEO of a Canadian oilfield services company, told Bloomberg. “When you combine all of those together and you can’t get consensus, then nothing happens. I just worry that Canadians are missing the boat because we’re trying to over-analyze things.”
(Excerpt) Read more at dailycaller.com ...
Weren’t a lot of natural gas import terminals initiated in the U.S., which then became less useful as our gas supplies expanded after 1990. The plumbing for some has since been reversed to allow loading LNG, rather than receiving the cargo?
https://www.ferc.gov/industries/gas/indus-act/lng/lng-existing.pdf
https://www.ferc.gov/industries/gas/indus-act/lng/lng-approved.pdf
That right there tells you this is a political problem. Not a business problem, not a technological problem. Pure politics.
First substantial paragraph: "Canadian energy projects have become less competitive than their U.S. equivalents for a variety of reasons, including tightening regulations, long approval processes and environmentalist opposition. Canadian Prime Minister Justin Trudeau’s attempts to expand energy exports while reducing the country’s greenhouse gas emissions has further complicated the issue."
What does US Fracking have to do with that? Oh, maybe it keeps Canada fully exposed to bear the cost of its own doing.
“Don’t equate a bunch of liberals in Ontario etc to how western Canadians are.”
I guess I should have been more definitive. Yes, Western Canada would be a welcome addition to the US because of who you are and where your interests lie. And not unlike America, Eastern Canada is where all the crap resides. Between the Fake English in Ontario and the Fake French in Quebec with all their political power, you folks have always sucked hind tit.
Well, gee, if every country had an “us first” policy, the competition and price reductions would be incredible for everyone around the world. #MAGA is why we love this. Rev ‘er up!
CANADA is destined to go downhill until their legislators stop persecuting CHRISTIANS for upholding Traditional Family Values.
That is an outrageous and blatant LIE! You do have a couple of hoops to go through, but you can purchase and keep a handgun in Canada.
It's such a difficult thing, too: Take a firearms safety course or be retired police or military with documentation in order to obtain a Possession and Acquisition Licence, join a shooting range, and ta-da, you can buy a pistol.
That sure doesn't sound like "No-how, no-way, never" to me.
Granted, there are some firearms not available here, eg pistols with barrels under 4", but there are tons of legal, available handguns in every city, province and territory.
Check these guys out.There is a link to their Canadian site on the link I posted.
As for the oilpatch, my stepson just bought his second house. He's a former rigpig that has gone into well servicing on his own. He doesn't seem to be suffering...
I'm very proud of the lad!
The article is nonsense.
“Canada’s economy grew at its fastest pace in nearly two decades in May, led by expansion in the oil and gas sector.
That’s according to the latest GDP data from Statistics Canada, released Friday, which shows a 7.6 per cent growth in oil and gas extraction.
“The big surprise was a massive 13 per cent snapback in ... oilsands, which alone accounted for half of the rise in GDP,” Bank of Montreal economist Doug Porter said.”
http://www.cbc.ca/news/business/canada-gdp-may-1.4225650
Then there is Saskatchewan.
As many as 2,600 wells are expected to be drilled in Saskatchewan this year — compared with 1,557 in 2016, 1,617 in 2015, and 3,638 in 2014. Sales of drilling rights on crown lands are on the upswing, with June’s offering attracting $22.8 million, the biggest response in three years.
His dad didn't think Canada should have fought the Nazis.
For all the Canada hating idiots - just remember that Hillary won the popular vote. We are fortunate we are not living in a totalitarian state right now.
Don, I don’t normally respond to name callers like you and thankfully the vast majority of freepers don’t do that. But, for this issue (guns in Canada), I will make an exception.
Below is a brief statement I cut and pasted off a website styled thoughtco.com. The article is headlined “Canadian Gun Laws Must Be Followed”.
........”Even when guns are declared and the proper forms are completed, Canadian border service officers require travelers to prove they have a valid reason for bringing a firearm into the nation”............
The fact remains that an American possessing a pistol in Canada is placing himself in some jeopardy.
I had two totally professional and impressive RCMP officers IN MY BOAT on the Yukon for about 30 minutes helping me with a mechanical issue. Without their help, I would have been stranded a hundred miles from help. We did get into a discussion of my guns laying around the boat and they “asked” if I had a pistol. I said “yes, many, but I left them all at home”. They both chuckled and said “that was smart”. I still shudder to think what “could have” happened if I had had my .500 S & W Magnum in the boat.
At my age, I am not interested in fighting the uber Liberal Canadian Government over it’s gun laws and I imagine there are many like me. Moreover, the idea of spending my vacation in a Canadian jail doesn’t excite me either.
“His dad didn’t think Canada should have fought the Nazis.”
Sort of . Actually he said he didn’t think it was Quebec’s war .
He was what Canadians called a “zombie”, those that had to be conscripted rather than volunteer . Pierre Trudeau was conscripted ,joined the Canadian Officers’ Training Corps and was then thrown out for lack of discipline.
And Quebec. They started screaming a different tune when the U boats entered the St Lawrence and bodies started washing up on the banks of the river.
The Pony mentions his Grandfather James Sinclair who was a RCAF pilot in North Africa, but never his father.
Too bad Trudeau decided to become a “Canadian” rather than staying a “Quebecois.”
“Justin Trudeau’s attempts to expand energy exports while reducing the country’s greenhouse gas emissions.” HAHAHAHA Doesn’t ONE cancel out the OTHER? What a MAROON!
Always the Optimist...But the energy jobs created HERE, will cancel that out. he he Glass half full..
You should try bringing a firearm from Canada TO the States.
The rules are quite convoluted going both ways. I need to be in possession of either a hunting license or an invitation to a target event before even applying for entry with my firearm.
Then there are the individual states requirements to be complied with. I remember not too long ago some poor sap stopped at his mother’s house in New Jersey while moving from one state to another and ending up in jail because he had a handgun in the car (in a case in the trunk).
Where did I call a name? I pointed out a misstatement perhaps a bit forcibly. That happens.
Alberta pays for the rest of the country and its gotten past old.
I may go look into contracting in Texas. I have skills that are in high demand. I don’t consider it cutting tail and running. I need to be around more like minded folks. If I do oil and gas down there, I wouldn’t be leaving again.
Most of us here in Alberta wouldn’t actually mind too much if the US decided to make a 51st state.
Went to Banff a few years ago, it was great.
It’s beautiful there. I’m closer to Jasper, but about another 3.5 hours north. I live in Grande Prairie. It’s natural gas country here, with some oil.
The winters are a bit long sometimes and the summers are hot, but it’s home.
However, given the current political situation and the steep downward spiral of this country, I may look to Texas.
I went to the US prior to last Christmas and caused much destruction among liberals in Nashville, but I wouldn’t want to move there. I think I’d be more at home with the hard right wingers heh.
On the question of whether or not Canadians have “the right” to keep and bear arms.................
That right, say advocates, is deeply entrenched in the U.S. Constitution, and provided for in the Second Amendment that was adopted Dec. ... “Canadians, unlike Americans, do not have a constitutional right to bear arms,” the high court stated in 1993,......
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