Official (Alberta) Oil Discussion Thread

[Bill Bumface]

Lots of shale producers have stated they'll be in growth mode at $45-$50. That's terrifying for us.

[Tacopuck]

The robot labour is strictly labour that would replace manual labour. Human jobs would strictly be intellectual. It would be a huge demographic shift

Sent from my Nexus 6P using Tapatalk

[SebC]

Originally Posted by Tacopuck

The robot labour is strictly labour that would replace manual labour. Human jobs would strictly be intellectual. It would be a huge demographic shift

Well computers replace humans in intellectual jobs as well.

Anyways, it appears Quebec has no problem forgoing environmental assessments when it suits them.

From last year:

The Quebec government is taking legislative action to ensure that a $1.1-billion cement plant being built in the Gaspé region of Quebec doesn't become the subject of public hearings on its environmental impact.

Economy Minister Jacques Daoust tabled a bill Thursday that would allow the McInnis Cement project in Port-Daniel-Gascons, Que., to proceed without such hearings — a move the governing Liberals hope will neutralize legal challenges by project opponents.

http://www.cbc.ca/news/business/mcin...ring-1.2964868

[Frequitude]

Originally Posted by SebC

Well computers replace humans in intellectual jobs as well.

Anyways, it appears Quebec has no problem forgoing environmental assessments when it suits them.

From last year:



http://www.cbc.ca/news/business/mcin...ring-1.2964868

And guess what kind of fuel they will be using...pet coke and coal.

[Mr.Coffee]

Originally Posted by OldDutch

Nationalized Oil would have been a raw deal for Alberta. Pipelines have been a problem for a while now, but nothing like a Petro State where transfer payments and royalties would flow to Ontario "for the benefit of all".

I do find it interesting how quiet Justin has been on the nationalist file. BC and Quebec have pitted themselves against other provinces imposing their own rules. Trudeau Sr would have probably squashed that flat. Justin hasn't said a word on Federal jurisdiction and it is getting worse. At some point he will have to step in and get the provinces in line. Hopefully he will do that with the NEB review, although I have my serious doubt.

Yeah, I feel like Trudeau is still in this mode where he wants everybody to like him, which is a problem, because it'll end up that nobody likes him. Make a stand already, choose what's best for the country and move on.

It's similar to Notley. You're running the show now. Act like it, be a leader. Stop being wishy washy and playing politics because nobody gives a damn anymore. People are out of work and annoyed about irrational BS by a handful of people. It's pretty obvious what has to happen here. This pipeline is going to be approved eventually. So do it already.

I recall reading something recently, maybe it was on here, that a poll was conducted in Quebec and the results were that the people of Quebec aren't even opposed to the Energy East line... just a select few politicians trying to play politics.

[GGG]

Originally Posted by Bill Bumface

Lots of shale producers have stated they'll be in growth mode at $45-$50. That's terrifying for us.

I don't think that is quite true. They will frack already drilled wells at $45-$50. It definitely slows the recovery. Though by the same token Canadian heavy oil producers will due debottleneck and sustaining projects at 45-50 as well.

[Frequitude]

Originally Posted by GGG

I don't think that is quite true. They will frack already drilled wells at $45-$50. It definitely slows the recovery. Though by the same token Canadian heavy oil producers will due debottleneck and sustaining projects at 45-50 as well.

That would be my suspicion as well. I don't have any detailed numbers on the economics of shale, but my gut tells me that $45-$50 is too low to start from scratch with a field and make a return. Otherwise we wouldn't have seen rig counts drop off like we did.

[Locke]

On the bright side, if we use up all of the world's oil it makes the SkyNet takeover and inevitable Terminator conquest highly unlikely.

[Hack&Lube]

Originally Posted by Locke

On the bright side, if we use up all of the world's oil it makes the SkyNet takeover and inevitable Terminator conquest highly unlikely.

They run on batteries dude!

[Bandwagon In Flames]

Originally Posted by Tacopuck

The robot labour is strictly labour that would replace manual labour. Human jobs would strictly be intellectual. It would be a huge demographic shift

You don't actually believe this do you? Robots will take over manual labour, but Computer technology can easily take intellectual jobs as well.

My job is to go into these big companies and create a system to make business processes way more efficient.

A job that would take an Engineer, Accountant, Analyst etc. 8 hours to complete would instead take 15 minutes. At first the employees are happy because their job is so much easier. Then they find out that 90% of them are no longer needed because 1-2 people can do the job that used to take 10-15 people.

Eventually the next step will be to completely automate the system so even those 1-2 people are not needed.

[peter12]

There will be two secure types of jobs in the future: those who harness the power of genius machines, and those who manage and market the work of the prior group.

That said, this is all extremely hypothetical. Machine intelligence is so far from happening at this point, and all this tech stuff is probably benefiting from a massive investment bubble. You will probably see concerns come back down to earth in the next few years when people see how little impact that tech has had in increasing aggregate productivity, and overall economic value.

No one, and I mean no one, should be making these predictions.

[Tacopuck]

Originally Posted by Bandwagon In Flames

You don't actually believe this do you?

My job is to go into these big companies and create a system to make business processes way more efficient.

A job that would take an Engineer, Accountant, Analyst etc. 8 hours to complete would instead take 15 minutes. At first the employees are happy because their job is so much easier. Then they find out that 90% of them are no longer needed because 1-2 people can do the job that used to take 10-15 people.

Eventually the next step will be to completely automate the system so even those 1-2 people are not needed.

Eventually yeah I do. I'm not advocating that this happens overnight but over generations. People will be given the chance to adapt and survive but complacency with regards to intellectual development will not be accepted.

[nik-]

Originally Posted by peter12

There will be two secure types of jobs in the future: those who harness the power of genius machines, and those who manage and market the work of the prior group.

That said, this is all extremely hypothetical. Machine intelligence is so far from happening at this point, and all this tech stuff is probably benefiting from a massive investment bubble. You will probably see concerns come back down to earth in the next few years when people see how little impact that tech has had in increasing aggregate productivity, and overall economic value.

No one, and I mean no one, should be making these predictions.

Three secure jobs.

Resistance fighter, battling against the machines. Probably a job until death.

[Bandwagon In Flames]

Originally Posted by Tacopuck

Eventually yeah I do. I'm not advocating that this happens overnight but over generations. People will be given the chance to adapt and survive but complacency with regards to intellectual development will not be accepted.

If there is anything that society has taught us, it's that 99% of people do the minimum amount of work to survive comfortably. The amount of work will decrease and decrease until there is nothing that we need to do in order to survive comfortably.

And it's going to happen way faster than you think.

[Dan02]

Originally Posted by Bandwagon In Flames

If there is anything that society has taught us, it's that 99% of people do the minimum amount of work to survive comfortably. The amount of work will decrease and decrease until there is nothing that we need to do in order to survive comfortably.

And it's going to happen way faster than you think.

The problem at this point is the distribution of resources. We're going to need some sort of minimum income type setup in the not so distant future as the long term unemployment rate keeps creeping further and further up.

[bizaro86]

Originally Posted by Bandwagon In Flames

If there is anything that society has taught us, it's that 99% of people do the minimum amount of work to survive comfortably. The amount of work will decrease and decrease until there is nothing that we need to do in order to survive comfortably.

And it's going to happen way faster than you think.

The definition of comfortable keep changing though. Someone on social assistance could live more comfortably than any except the extremely rich from 100 years ago.

[Locke]

Originally Posted by Hack&Lube

They run on batteries dude!

Yes! But who would want a world without Oil?

[CliffFletcher]

Originally Posted by Tacopuck

Eventually yeah I do. I'm not advocating that this happens overnight but over generations. People will be given the chance to adapt and survive but complacency with regards to intellectual development will not be accepted.

I think it will happen faster than that. In fact, I'm guessing that within my lifetime, we'll have to deal with the problem of what to do with the > 50 per cent of people who no longer offer any useful labour. Will we manage the transition to mass unemployment prudently and peacefully? I doubt it.

[Dan02]

Originally Posted by CliffFletcher

I think it will happen faster than that. In fact, I'm guessing that within my lifetime, we'll have to deal with the problem of what to do with the > 50 per cent of people who no longer offer any useful labour. Will we manage the transition to mass unemployment prudently and peacefully? I doubt it.

A bunch of people with nothing to do all day who don't think they're getting their fair share? I doubt anything can go wrong with that.

[Locke]

Originally Posted by Dan02

A bunch of people with nothing to do all day who don't think they're getting their fair share? I doubt anything can go wrong with that.

They might elect an NDP Government to take care of them!