Where will Canada be without Oil? The companies are Leaving thanks to JT now what?

[grassfarmer]

And as for the article regarding electric cars. Better plan on upgrading the grids to charge all these green vehicles.

Maybe that is what they should be looking at? - maybe we have to face the reality that more pipelines are not the solution going forward - these ones being fought over now are likely to be the last built. Who wants to be the last person building a horse buggy factory?

[Sheepwheat]

Isn't Trudeau on the record as saying the pipeline will get built and that he supports the pipeline?

You are going by his record? He is on the record for a lot of things. No deficits over 10 billion is one of many that come to mind...

[bucket]

**** do people think backwards....how much energy would it take to replace diesel tractors....do you think running electric semis and chore tractors in winter is feasible?


Lose a watering bowl or electric pump down a 500 foot well and see how things go .....

Oh let's shitcan the Co op refinery while we are at it....

What the **** are you guys thinking about....

Saskpower is having enough infrastructure problems during every wind storm lately and now you can't charge your car or tractor to boot.....

God gave most people a brain I just wish they would use them...

[SASKFARMER3]

Despite reassurances from Canadian Prime Minister Justin Trudeau, Kinder Morgan Canada Ltd.’s decision to suspend most work on its Trans Mountain Expansion Project signals a “total loss of confidence” in Canada’s investment climate, according to Ninepoint Partners senior portfolio manager Eric Nuttall.
“The time for studies, selfies, and bro hugs is over. We need action. Capital is fleeing our country at the fastest pace in history and will have severe long term consequences. When will we stand united as a country and say ‘no more’?,” Nuttall wrote in LinkedIn post Monday.
Kinder’s decision comes as pipeline, regulatory and political frustrations have reached new heights in Canada. A dearth of pipeline capacity has depressed Canadian oil and natural gas prices and a new regulatory regime is seen delaying projects. The iShares S&P/TSX Capped Energy Index ETF, which tracks Canadian energy companies, has seen about $77 million in outflows this year.

[grassfarmer]

Bucket, nobody is saying oil use for fuel is going to be eliminated but if global oil use is in long term decline because of some uses being replaced by other methods that's a game changer.

I think that would be a great result - for the planet and for the population. No need to pursue increasingly desperate and dangerous activities like fracking driven by $100 oil.

Declining demand for oil should keep the products derived from it cheaper than they would be otherwise in the situations where it is still needed - like your seeding tractor. Should free up some space on the railways for your grain too.

The financial trouble it will bring for Governments is the challenge - but it is one largely of their own making - they have a spending problem not a revenue problem, heck the PCs in AB couldn't balance the books when it was $100!

[TASFarms]

I don't see oil consumption going down in my life time. If green is so good, why is so much coal being used. Follow the money. Canada should put a tariff on imported oil.

[Oliver88]

Despite reassurances from Canadian Prime Minister Justin Trudeau, Kinder Morgan Canada Ltd.’s decision to suspend most work on its Trans Mountain Expansion Project signals a “total loss of confidence” in Canada’s investment climate, according to Ninepoint Partners senior portfolio manager Eric Nuttall.
“The time for studies, selfies, and bro hugs is over. We need action. Capital is fleeing our country at the fastest pace in history and will have severe long term consequences. When will we stand united as a country and say ‘no more’?,” Nuttall wrote in LinkedIn post Monday.
Kinder’s decision comes as pipeline, regulatory and political frustrations have reached new heights in Canada. A dearth of pipeline capacity has depressed Canadian oil and natural gas prices and a new regulatory regime is seen delaying projects. The iShares S&P/TSX Capped Energy Index ETF, which tracks Canadian energy companies, has seen about $77 million in outflows this year.

You have to admit, Trudeau was very strategic to kill off investments in the Western Canada energy sector. He was taught by his dad that you can’t have the west being an economic powerhouse when the Liberal base is in Quebec.

Harper would not negatively affected Northern Gateway, Energy East, Petronas LNG and Trans Mountain like Trudeau has.

[foragefarmer]

TASFarm

In what it says is a cost-saving move, the Kentucky Coal Museum is moving to solar power, according to the Associated Press. The museum is having 80 solar panels installed, which it expects will cut $8,000 off its annual electricity bill.

US coal employment is barely holding steady at its lowest levels in a century
In 2016, US coal mining jobs hit a historic low of around 75,000 people. (As is frequently noted, Arby’s employs more people than the entire coal mining industry. The US solar industry employed roughly 3.5 times as many people in 2016, adding 51,000 jobs.)

Yes let's follow the money!!

[westernvicki]

From what I know of Canadian GDP resource industry matters, more to the west. Quebec is diversifying into AI, high tech and entertainment, refugees, when the equalization does not go their way my bet the long lost cry of the west will be answered and they will be scrapped. What is it Shakespeare wrote: "There is a tide in the affairs of men, Which taken at the flood, leads on to fortune. Omitted, all the voyage of their life is bound in shallows and in miseries. On such a full sea are we now afloat. And we must take the current when it serves, or lose our ventures.

We are always on the tide. Right now, it seems we have a lot of folk picking up the free fish on the beach.

[AlbertaFarmer5]

The truth on the "oil price collapse" is rather different than is being portrayed in this and other posts.

West Texas Intermediate price graph and I even highlighted the date closest to the election when Harper was replaced with Trudeau. Note where the price is today relative to the latter days of the previous Government.



Here is an interesting article from 2017 that is worth thinking about.

https://www.huffingtonpost.ca/2017/05/16/oil-prices-historic-shift-transportation-stanford-tony-seba_n_16641540.html

That chart is proof positive that Trudeau is completely responsible for the drop in the price of oil. Note how it started dropping when the polls started showing that he had a chance back in 2014, it bounced on the optimism that he might not win the election, then plummeted immediately after his win. It has now been climbing steadily as the world oil traders count down the days until his reign is over.

See, it is all about correlation guaranteeing causation, just like the AGW debate.