Compensation to the refineries for not having crude to refine doesn't solve the problem for the Americans who rely on the end result of that refined crude.
Suncor had one refinery in Colorado shut down a couple years ago for three months that caused gas prices to rise 51% for the state and 27% in the Rocky Mountain Region.
Isn't Colorado now the 4th largest oil producer in the U.S. having doubled its domestic production largely due to Shale oil since 2010? Plus given what's produced nearby, their future is in upgrading the type of oil thry produce.
Isn't Colorado now the 4th largest oil producer in the U.S. having doubled its domestic production largely due to Shale oil since 2010? Plus given what's produced nearby, their future is in upgrading the type of oil thry produce.
I don't think the Trump regime will lose any sleep over inflation in one of two blue states between California and Illinois.
The example was less about how Colorado specifically would be handled or treated, and more an example of what refineries not refining oil does to consumer prices in a region. Significant consumer prices changes happens in a matter of weeks and months. And because it was a small region, they were able to avoid the spillover to things like airlines. Expand that to lots of refineries handling ten times the capacity and the effects become more acute over a much larger area. You can't pivot millions of barrels of refining capacity to different sources in weeks or months, subsidized or not.
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Carney comes across really well in that interview. Intelligent and measured with a sense of humour. If he's going for leadership this interview will certainly help him.
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A few weeks after crashing head-first into the boards (denting his helmet and being unable to move for a little while) following a hit from behind by Bob Errey, the Calgary Flames player explains:
"I was like Christ, lying on my back, with my arms outstretched, crucified"
-- Frank Musil - Early January 1994
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I'm not sure if this is a smart strategy but it certainly isn't the safest strategy.
Quote:
It’s expected that if Carney were to become the federal Liberal Party leader, he could run in an Edmonton riding because of his roots in the Alberta capital. The banker and economist was born in the Northwest Territories, but was raised in Edmonton.
I have immense respect for Mark Carney and think on the economic front, he actually really needs to be part of Team Canada going forward. He has a humbleness to him that is unique considering the level of power he has had.
Edmonton would be well served to elect him as an MP as opposed to virtually any other nitwit from any other party. There is hundreds of nitwits in all parties but only a few people with his level of experience and knowledge. I don't know how well he may do for the small MP related items of serving the local riding, that is TBD.
