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  • #31
    Originally posted by regexcellent View Post
    It doesn't really matter where the oil comes from. Buying oil from Canada has the same effect on Saudi Arabia and Iran as it does when we buy directly from them. Oil is fungible.
    Largely correct but not completely. Differing grades (sources) of oil refine differently and depending on the capabilities of the given refineries impact the refinery capacity and yields.
    "Just puttin on the foil" - Jeff Hanson

    “In a democracy, I realize you don’t need to talk to the top leader to know how the country feels. When I go to a dictatorship, I only have to talk to one person and that’s the dictator, because he speaks for all the people.” - Jimmy Carter

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    • #32
      End Dependence on Foreign Oil
      I'm trying.

      Oilsands are nuts, you see the size of those trucks! Canoil is pretty good too, especially if you are allergic to soy like my oldest boy.

      Watch out for Brazil in coming years. Big oil reserves + Ethanol based infrastructure = Huge Exports and lots of money for Brazil. If I spoke portugese I'd be moving.
      Monkey!!!

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      • #33
        Originally posted by regexcellent View Post
        What do you possibly stand to gain by having a "national oil strategy?" Is it your goal to wind up with government-run monopolies with inefficient, incompetent, and politically motivated management?
        PetroCanada was a profitable 'crown corporation', which was undermined by the conservative government of Alberta and their corporate sponsors. Many Canadians outside of Alberta, including me, bought our oil and gas from PetroCan knowing that profits from the company would go towards government programs rather than what is now called the 1%.
        There's nothing wrong with the dream, my friend, the problem lies with the dreamer.

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        • #34
          Originally posted by Felch View Post
          Nearly 3% comes from the U.S. Virgin Islands?
          The "virgin" should be dropped, they've obviously been drilled before...

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          • #35
            Originally posted by Uncle Sparky View Post
            PetroCanada was a profitable 'crown corporation', which was undermined by the conservative government of Alberta and their corporate sponsors.
            "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
            Ben Kenobi: "That means I'm doing something right. "

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            • #36
              Originally posted by Asher View Post
              Redford seems intent on changing that.
              So she says. The numbers don't agree.

              The 2012-13 budget predicts a deficit of $886-million this year, with an expected surplus of $5.2-billion by 2014-15, bolstered by $10-billion in additional resource revenues. The Alberta government is acting like this is money already in the bank and increasing spending in a number of areas, most notably education. But this is far from certain.

              In order to achieve the projected surplus, the government is counting on increased economic growth and high oil prices. Oil has been hovering at around $100 per barrel for some time now, and will have to rise to $108.25 by 2014-15 in order for the budget estimates to hit their mark. This certainly could be the case. As Mr. Liepert noted, “those are international forecasters that are telling us that.” Heck, if Iran closes off the Strait of Hormuz, $108 could look like a real bargain. But how many times has Alberta bet the bank on indefinite prosperity, only to be left in the cold when its boom-and-bust economy eventually falls into the gutter?

              In 2008-09, oil dropped from $147 to $33 in a matter of months. Because the government had steadily increased spending since the dying days of the Klein administration, it started running huge deficits. In order to remain debt free, the province drew money from its sustainability fund, which now contains $3.7-billion, down from a high of $15-billion just three years ago.


              "I have never killed a man, but I have read many obituaries with great pleasure." - Clarence Darrow
              "I didn't attend the funeral, but I sent a nice letter saying I approved of it." - Mark Twain

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              • #37
                Originally posted by Japher View Post
                I'm trying.

                Oilsands are nuts, you see the size of those trucks! Canoil is pretty good too, especially if you are allergic to soy like my oldest boy.
                Watch out for Brazil in coming years. Big oil reserves + Ethanol based infrastructure = Huge Exports and lots of money for Brazil. If I spoke portugese I'd be moving.
                there are shedloads of people coming over to work in oil, gas and related industries. crazy money being offered too. portuguese isn't that hard to learn. i managed to from stratch in a matter of months.
                "The Christian way has not been tried and found wanting, it has been found to be hard and left untried" - GK Chesterton.

                "The most obvious predicition about the future is that it will be mostly like the past" - Alain de Botton

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                • #38
                  Originally posted by Uncle Sparky View Post
                  PetroCanada was a profitable 'crown corporation', which was undermined by the conservative government of Alberta and their corporate sponsors. Many Canadians outside of Alberta, including me, bought our oil and gas from PetroCan knowing that profits from the company would go towards government programs rather than what is now called the 1%.
                  Okay, so you think the government should be getting the profit instead of the folks who are actually producing it? That's just...terrible. No wonder Alberta votes for the Conservatives.

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                  • #39
                    Originally posted by Hauldren Collider View Post
                    Right, this is what I meant. DD is correct as well. It would be retarded to have a government run oil company.
                    Why is it important if it belongs to the government or rich people?

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                    • #40
                      Originally posted by regexcellent View Post
                      Okay, so you think the government should be getting the profit instead of the folks who are actually producing it? That's just...terrible. No wonder Alberta votes for the Conservatives.
                      No. Please don't pretend to be that stupid. Everyone was fairly paid. The PetroCan was successful, but offended conservatives. Alberta doesn't always vote Conservative. They used to vote Social Credit (think Tea Party, but more religious.)
                      BTW- currently I belong to a gas station co-op.
                      There's nothing wrong with the dream, my friend, the problem lies with the dreamer.

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                      • #41
                        Originally posted by gribbler View Post
                        Why is it important if it belongs to the government or rich people?
                        Why do you suppose the rich people are rich? I would presume it would be their skill in managing oil companies. I don't have that much faith in elected politicians' ability to perform these tasks as those who base their extremely successful careers in it.
                        If there is no sound in space, how come you can hear the lasers?
                        ){ :|:& };:

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                        • #42
                          Originally posted by Hauldren Collider View Post
                          Why do you suppose the rich people are rich? I would presume it would be their skill in managing oil companies. I don't have that much faith in elected politicians' ability to perform these tasks as those who base their extremely successful careers in it.
                          Why would you presume that? There are a lot of other ways to get rich and own a lot of stock. The people who are appointed to run an oil company are not necessarily the owners.

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                          • #43
                            Originally posted by gribbler View Post
                            Why is it important if it belongs to the government or rich people?
                            Considering the fact the Government failed in Canada to do that twice in an effective manner, it seems to matter a lot there.
                            I make no bones about my moral support for [terrorist] organizations. - chegitz guevara
                            For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. –Senator Rubio

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                            • #44
                              Originally posted by Uncle Sparky View Post
                              No. Please don't pretend to be that stupid. Everyone was fairly paid. The PetroCan was successful, but offended conservatives. Alberta doesn't always vote Conservative. They used to vote Social Credit (think Tea Party, but more religious.)
                              BTW- currently I belong to a gas station co-op.
                              If it was run by the government I can pretty damn well guarantee folks weren't getting fairly paid, since governments tend to get voted out of office when they do that. Unless by that you mean a socialist's idea of fair pay, which isn't really fair at all.

                              Not to mention the fact that we know from the benefit of hindsight that the whole thing crashed and burned...

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                              • #45
                                Originally posted by Uncle Sparky View Post
                                No. Please don't pretend to be that stupid. Everyone was fairly paid. The PetroCan was successful, but offended conservatives. Alberta doesn't always vote Conservative. They used to vote Social Credit (think Tea Party, but more religious.)
                                I don't understand your inane point. Alberta always votes right-wing, which is what regexcellent was saying. Social Credit or Progressive Conservative -- the only difference is starting in the 60s Alberta cast off the religious bigotry of the Social Credit and replaced it with the Progressive Conservatives. Both are right-wing that want little to do with the Federal government.

                                As for "offending conservatives", that's a pretty ridiculous thing to say. The concept of PetroCanada is offensive, to be sure. And it's easy to see why. The reason it was founded was because when oil prices skyrocketed in the 70s, Eastern & Central Canada wanted a slice of the pie. They couldn't easily get this because Alberta owns Alberta oil, not Canada. So they tried to get around that. The socialist party in Canada (the NDP) came up with the bright idea that if you made as government owned and operated oil company, then gave them an artificial competitive advantage in the market place, the rest of Canada could leach even more money. It wasn't enough to just have a profitable crown corp at the expense of a competitive marketplace, so they went one step forward and brought in the NEP which crippled Alberta's economy, drove away foreign investment, but padded Petro Canada (and Ontario/Quebec's) pocket books.

                                Those damn conservatives - why were they offended by this? You're right, Petro Canada was successful when the government passed laws and policies to cripple its competition and give it easy access to capital.
                                "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
                                Ben Kenobi: "That means I'm doing something right. "

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