Quote:
Originally Posted by GGG
I question the statement that the world economy is decreasing its reliance on oil and gas. I don’t think we have seen any evidence that oil and gas demand is dropping. And even if O+G demand does drop off Alberta is well positioned to be a low cost supplier of oil given the high upfront capital investment of CPF facilities and the relatively low (relative to shale) sustaining production costs. So in my opinion current production levels will be maintained in Alberta relatively indefinitely unless a massive technological shift occurs away from oil and gas in developing nations. And even if that massive shift away from oil vehicles occurs the switch to natural gas based power instead of coal should see increasing gas demand as carbon emmissioms are forced to drop.
Either way if Alberta and Canada have their #### together we can be a minor supplier of the worlds enerfy needs going forward. The world is not going to meet any of its Paris goals unless Carbon Capture rescues us.
We don’t have an issue with the global demand for our product. We have a transportation problem.
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Totally fair. I am curious about the statement about Alberta being well positioned to be a low cost provider. I am not in Oil and Gas, so I don't know much about the long term operating costs after after the capital expansions. One worry I have is, isn't a lot of the jobs about the expansions themselves? Will the jobs recover in places like Calgary, even if Oil recovers and we can get the product exported?