We are World Leaders in Energy

[Klause]

We need from start acting like it.


We're drilling 5500 meter wells in under a week.

We go to the craziest of places and do the most advanced procedures all over the world.


This is what makes wealth for the nation.



Not handling out $2000 cheques.

[ajl]

Hopefully these guys got $USD up front from the folks in India. Otherwise our technology will be doing some volunteering.

[Klause]

Story from India.


[url]https://www.google.com/amp/s/www.ndtv.com/india-news/snubbing-technique-unit-from-canada-to-control-assams-baghjan-blowout-oil-india-limited-oil-2312481%3famp=1&akamai-rum=off[/url]

[6V53]

Wonder why Treudo didn't ban the flight. Would never make CBC.

[TASFarms]

5 months of letting that well rip. Now that is pollution There are probably better ways of controlling that than snubbing. If that was in this country there would have been a well drilled into that one to control it. Snubbing is not new.

[chuckChuck]

Wealth can be created in a number of ways not just by the extraction of non renewable resources. When you use up non renewable resources you are drawing down the resource and jobs eventually disappear.

Yes we have great technology and lots of valuable energy sources in fossil fuels, hydro, wind, geo-thermal, solar, tidal and hydrogen. Canada is blessed with a wealth of resources. Their use and implementation creates jobs and economic spinoffs.

Many oil companies are diversifying because as we transition away from polluting and carbon emitting energy sources, oil prices are going to drop and leave us with stranded assets like the oil sands which become uneconomical.

We are going to need fossil fuels for a long while yet, but the transition to cleaner low carbon energy sources will present many investment opportunities and many jobs.

[blackpowder]

"Suddenly became active" means someone screwed up. There is a market for our people and tech for a long time yet.
Or until our industry stagnates to the point we're outdated.

[tweety]

We need from start acting like it.


We're drilling 5500 meter wells in under a week.

We go to the craziest of places and do the most advanced procedures all over the world.


This is what makes wealth for the nation.
Not handling out $2000 cheques.

Like the kind of wealth Alberta is experiencing?

[Klause]

Wealth can be created in a number of ways not just by the extraction of non renewable resources. When you use up non renewable resources you are drawing down the resource and jobs eventually disappear.

Yes we have great technology and lots of valuable energy sources in fossil fuels, hydro, wind, geo-thermal, solar, tidal and hydrogen. Canada is blessed with a wealth of resources. Their use and implementation creates jobs and economic spinoffs.

Many oil companies are diversifying because as we transition away from polluting and carbon emitting energy sources, oil prices are going to drop and leave us with stranded assets like the oil sands which become uneconomical.

We are going to need fossil fuels for a long while yet, but the transition to cleaner low carbon energy sources will present many investment opportunities and many jobs.

You sound like a Cbc parrot, Glenn.

Highways need to be paved. Plastics need to be made. Fuel consumption might (and should) drop but that won't strand resources, because they are still needed.

We're justing going to come up with novel tech to extract them profitably, because that's what the oil patch is known for.


Best thing that can happen is Biden wins the US election. That'll put an end to fracking and freeze the US oil industry ... Price of crude will double overnight.


The only way to gain foreign exchange and value to currency is by exporting the production of ag, fishing, forestry mining, and oil extraction. Everything except for primary production is simply moving the same dollar in a circle as opposed to giving a new dollar inherent value.


Finally, if it is going to become a stranded asset as you say, shouldn't we turn it into wealth as fast as possible to capitalize on it before it becomes stranded?

[Guest]

its like arguing with a doorknob
hes a throwback from the dark days of the communist regime in Sask
sat on too many boards and sold his voice for rooms and meals and per diem too many times
basically unfixable , and we are surrounded by them