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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And we have factions within our own governments that are preventing transportation of our product at any cost to Canadians. That is just oil though.
It still stuns me that we are phasing out our 22 coal fired plants in Canada, which provide the cheap electricity, while China alone is building over 700 new ones from what I understand(and yes they are a signatory to the Paris accord...an accord that isnt worth the paper it is written on) and they already generate well over half of that type of electricity on earth. The US isnt much better. Add that to the rest of the countries and there are over 1600 new or being built as of last year.
Further to that, Canada will still mine and sell our coal to other countries to burn so they benefit from the cheap electricity. Someone explain this one rationally will ya?
Yet somehow, our virtue signalling governments are determined to not only hurt their own bottom line with lost revenus, they are doing it on the backs of taxpayers and business. And what will that accomplish exactly? Not a damn thing except putting people out of work, and exacerbating the struggles of the lower and middle class citizens with the burden of more money to be paid for....nothing of substance or significance.
It really is as close to cutting off the nose to spite the face as it gets.
The stupidity of it all is endless.