Quote:
Originally Posted by Mr.Coffee
I don’t have time or energy to do the quote thing, but I’ll try to hit your points. Do I think you’re left leaning? Generally yes and I basically form that opinion from your never ending staunch defence of unions. Typically people who support or are super into unions are left leaning. If that is an unfair characterization than I apologize, as I understand a political stance can be nuanced like is mentioned in the other thread. As well, you say point out where you are wrong. I definitely do not mean to imply (generally, like, outside of this one particular issue) that left leaning people are “wrong” and in fact often they are right about several topics. It’s why I come to CP despite the echo chamber because my job day in and day out is an echo chamber on the other side.
I appreciate you posting the link and I was not directing my post to you necessarily however I have definitely had discussions about oil and gas with many people that tend to be left leaning (most of my closest friends are left leaning actually) and I very frequently hear whenever I rant about JT (as you point out I do it a lot but it’s only because there’s just… so… much… to bitch about) I always get the “well they bought the TMX pipeline! They can’t hate oil and gas that much!” Like BS, #### that. That’s like saying Danielle Smith still signed off on the health care budget so look at how supportive she is of that segment!
In some very special and specific circumstances such as vital infrastructure for energy security and the economy of the nation then yes I believe government and businesses should be allowed to overrule regulations or court rulings. I believe personally that’s how other countries are able to get #### done and sometimes it is what is required. I think that polling the audience of 40 million people will get you 40 million different opinions; 20 million of which will deny, well, just about ####ing everything. Canada has decided to just let small interest groups leverage courts to stop or stumble criticism infrastructure projects. The government of Canada a) does have the ability to create new laws (yes they may be court challenged possibly but there are many other pressure points the government can use in its authority and powers to get #### done. For example, funding. Carrots and sticks, etc. b) does have the ability to force through special projects that are deemed vital to the health and stability of the nation and IMO this project actually does fit that scope.
Recouping $30B? You should run some econs on pipe projects. I suppose it’s possible if we haven’t totally shut down growth in oil which we’re trying desperately to do that this could pay out in 50 years, sure. Or what fees do you think are reasonable to ship oil with? I’m being sarcastic but if the project was launched with a capital cost of 5,4B then 30B with a delay of project startup of 4.5 yrs could be pretty challenging to economics- just a hunch.
Glad we agree on this one and I do agree with you that we do agree on more than you or I prob think, I just don’t really reply to you if I agree with you on something. I can tell you I do respect your opinion.
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The tolls are set to largely recoup the cost and make it an economic investment so it’s the shippers who are seeing increased tolls. With he increase costs it’s basically the same cost to ship from Edmonton to Burnaby in TMX as its is from Edmonton to the gulf coast via Enbridge, which is crazy if you think about that. Now, the government has to sell this pipeline, actually they need to sell this company. There is no consortium out there that is going to pay the type of capital to acquire it at book value. Some expect the government will take a big write down, make a grand gesture of economic reconciliation and offload this thing at a discount. What will be I think the next step is a refilling of tolls on the new pipeline that will be reflective of the transaction price.