Newfoundland effectively insolvent

[WiltonRanch]

Maritimes biggest black mark is an old population. Young people left in droves for better prospects and only return when they’re ready to die. I watched that Island Diaries show about St Pierre islands. They’re just off Newfoundland and a French territory. They’re a ward of the French govt. when fishing went to pot so did the economy. In fact a lot of those colony islands are in the same boat. Often times a single industry that goes bust and no incentive for the young to stay. All that’s left are the old, ones who serve the population, and the unemployed. Tourism is about all that’s a driver but that’s a fickle beast. Point is Newfoundland and maritimes are doomed to be wards of the federal government. They’re deep as it is and don’t have the people to drive the economy. We all think you need hard resources to make wealth and that is true enough but without people to develop them it’s no use. An able work oriented population is a bigger resource than the ore in the ground.

[dmlfarmer]

She will be ice free in 2 yrs with climate change.

Oil and NGLs can be stored. Grains and potash can be warehoused. Then fire them out in the summer window.

In the off season send up tons of tourists to see the polar bears.

But what if the customers for our grains do not want delivery that matches our 2 month shipping window? Sounds like a great way for savy traders/foreign buyers to discount western grains again if they know large amounts of grain must be moved in a short time period.

[jazz]

But what if the customers for our grains do not want delivery that matches our 2 month shipping window? Sounds like a great way for savy traders/foreign buyers to discount western grains again if they know large amounts of grain must be moved in a short time period.

They already know where the grains are.

Look at Australia. Haul everything off the combine to a central facility then start marketing.

Customer options sometime open up when I he commodity is already at port. It would only be fraction of our production.

[blackpowder]

She will be ice free in 2 yrs with climate change.

Oil and NGLs can be stored. Grains and potash can be warehoused. Then fire them out in the summer window.

In the off season send up tons of tourists to see the polar bears.

Perhaps we should wait and see when it does become ice free LoL.
In the mean time, we have the Mississippi and the Columbia.
Gawd forbid we improve assets on our own soil.

[jazz]

Perhaps we should wait and see when it does become ice free LoL.
In the mean time, we have the Mississippi and the Columbia.
Gawd forbid we improve assets on our own soil.

With the expected population growth in US Mexico and 100M people here it's entirely possible one day our exports stay on shore.

[Guest]

She will be ice free in 2 yrs with climate change.

Oil and NGLs can be stored. Grains and potash can be warehoused. Then fire them out in the summer window.

In the off season send up tons of tourists to see the polar bears.

Google Russian nuke powered ice breaker
Ice is no problem anymore
Anyways its all gone right cluck cluck?

[agstar77]

With the expected population growth in US Mexico and 100M people here it's entirely possible one day our exports stay on shore.

China nearing zero pop growth. They are going for more quality so meat consumption is growing.

[furrowtickler]

Bugs are good , meat bad for the climate though ....
or is it ok for China to consume meat but not North America so we can save the climate ??

[Old Cowzilla]

She will be ice free in 2 yrs with climate change.

Oil and NGLs can be stored. Grains and potash can be warehoused. Then fire them out in the summer window.

In the off season send up tons of tourists to see the polar bears.

You mean send tons of tourists to feed the polar bears and save the seals right !!! Is the bay deep enough for the bigger boats?

[jazz]

This an interesting article regarding NL budget. yes effectively insolvent.

But under the scenes there is a little oil war being played out. You see Suncor doesnt just operate in AB where the feds have gone after our oil industry. Suncor is talking about abandoning Terra Nova which is a major revenue source for the province.

Little bit of pay back going on? Both on the liberals and the voters of NL for helping elect these crooks?

https://www.msn.com/en-ca/money/topstories/n-l-government-to-deliver-second-pandemic-budget-as-it-stares-down-47-billion-debt/ar-AAKyvwT?ocid=msedgntp N.L. government to deliver second pandemic budget as it stares down $47-billion debt

[ajl]

When are the layoff of grifting, corrupt snivel disservants going to begin.

[Spyguy]

Well not hard to figure out. Liberal Governent forever. Give it another 4 years and all of Canada will be like Newfoundland. Secondly Newfoundland had a lot of employment from the Alberta oil fields. Karma is needed for the ones who can’t figure it out. I hope Alberta never employees esteem workers again.