Official (Alberta) Oil Discussion Thread

[Fuzz]

Originally Posted by MrMastodonFarm

Officially in the office when Oil hits 80 we exclusively eat Sushi off a naked lady for lunch.

Originally Posted by burn_this_city

Sending my resume..

Its nice to finally see some light at the end of the tunnel.

I commend you for your bravery. No way I'd let strangers eat sushi off of me.

[red sky]

Can we talk about gas prices here as well? NYMEX up to over $3.50 for January contracts and 2017 average approaching $3.40.

[Handsome B. Wonderful]

Originally Posted by nik-

And then hunt the homeless for sport?

At $30 we hunt them for food.

[InglewoodFan]

Originally Posted by InglewoodFan

Reading through the conditions, many of them are really straightforward stuff that would be done as part of the engineering design anyway. Should be fairly easy to knock a lot of them off.

I have a resume in with KM for a decent role on this, I probably have little chance but it would be a cool project.

Drat, didn't even get an interview.

[Peanut]

Originally Posted by GGG

A lot of it is because the things that reduce emissions are boring. Like putting in Vaccumm insulated tubing on your steam injectors to reduce heat loss to the casing. No one would ever write a story on that but it's becoming more and more common as a method of efficiently using your steam.

Or things like insulated shoes on steam pipelines

The reductions of CO2 in Sagd will happen 1% at a time. The problem is that retrofitting is generally cost prohibitive but each new well can incorporate the latest practices.

GGG is my favourite technical poster in these industry discussions. I'm always nodding along like "yes, YES, I agree with your highly logical assessment".

[Mr.Coffee]

Originally Posted by red sky

Can we talk about gas prices here as well? NYMEX up to over $3.50 for January contracts and 2017 average approaching $3.40.

It's great isn't it? There is some reason for optimism on gas prices as things slowly start to get colder.

[OldDutch]

Obama is just infuriating. I am not a Trump supporter but the handling of KXL and now DAP is shameful. I was a big supporter when he came to office, but now I am glad to see him go.

Another company politically interfered with because a few vocal idiots illegally camp and make a ruckus. Rule of law? Not in Obama's world.

Pipeline experts said it was extremely rare for an administration to intervene in a permitting process typically handled by career civil servants. The advanced stage of the project’s construction made the Obama administration’s move even more unusual, and experts said they believed it could be easily overturned.

“Clearly this is being directed politically from the administration,” said Brigham McCown, a former top pipeline administrator for the Transportation Department during the George W. Bush administration. “What it says is that even if you have your permits in hand, the government might change the rules on you once construction is almost done.”

http://www.wsj.com/articles/obama-ad...ine-1480890468

[Thunderball]

Originally Posted by OldDutch

Obama is just infuriating. I am not a Trump supporter but the handling of KXL and now DAP is shameful. I was a big supporter when he came to office, but now I am glad to see him go.

Another company politically interfered with because a few vocal idiots illegally camp and make a ruckus. Rule of law? Not in Obama's world.



http://www.wsj.com/articles/obama-ad...ine-1480890468

Sad thing is that Trump will overturn this and that will create more strife. Pretty irresponsible for a President on his way out to overturn a process like that.

[driveway]

Oil companies have to deal with the reality: no one wants a pipeline in their neighborhood.

You can make all the economic arguments you want, all the arguments about the safety record of pipelines vs. other methods of transport; once construction starts, the protesters WILL be there.

[DiracSpike]

Yeah except the private owners that actually owned the land were fine with it.

This situation is so ridiculous, the thing is almost complete except for the river crossing and now they have to change course. Hopefully this doesn't happen with TMX expansion

[Drummer]

With this extreme cold weather across western Canada it's great to see the nat gas being sucked up.

[OldDutch]

Originally Posted by driveway

Oil companies have to deal with the reality: no one wants a pipeline in their neighborhood.

You can make all the economic arguments you want, all the arguments about the safety record of pipelines vs. other methods of transport; once construction starts, the protesters WILL be there.

Which is fine, I am for freedom of speech. What I am against is a government approving a permit then breaking it last minute to score political points with an extremist minority.

People here are right. This is only going to make it worse. These people see this as a victory. This will encourage them to come out and do this for everything they don't believe in.

In reality this is an outgoing administration making a politically convenient move to try and cement some false environmental legacy. Oh and and a heavy side move of flipping Trump the bird.

Awesome Obama glad to know you delivered on your hope and change, and didn't stoop to petty politics of past. What a farce.

[GGG]

Originally Posted by driveway

Oil companies have to deal with the reality: no one wants a pipeline in their neighborhood.

You can make all the economic arguments you want, all the arguments about the safety record of pipelines vs. other methods of transport; once construction starts, the protesters WILL be there.

People are fine with pipelines running near them.

Raw sewage lines runs throughout the city around them. High pressure natural gas lines have significant corridors within cities. So do Gasoline and oil. These were built in an era when people didn't have immediate access to information that reinforced their stupidity.

The rail road and highways would not get built today. Farming and Ranching would not be industries if they started today. Fire would probably be banned as an environmental / health risk if it were invented today.

The protest everything movement is as ridiculous as the US electing trump. So if a pipeline has been approved by the government anyone treasoassing on the right of way or blocking public roads should be removed and arrested.

[burn_this_city]

FN leaders who support pipelines are afraid to speak out.

http://www.cbc.ca/news/politics/firs...ines-1.3878846

[OldDutch]

Originally Posted by GGG

The protest everything movement is as ridiculous as the US electing trump.

You would think the democrats would have learned after they lost House, Senate, but worst of all the presidency to a buffoon, some introspection would be in order. Maybe they were catering to the wrong group? You know trying to speak to the ones who show up for an election instead of the slacktivism generation?

Nope, Obama and the Dems back at it. Very sad too. I hate extremism in all its forms. Gets us no where.

Well buckle up left, what you caused is about to hit you like a ton of bricks.

[stampsx2]

Just like Wallonia. A small group of 100 thousand people can stop a huge trade deal between canada and the european union that benefits 450 million. Small groups of selfish people. Only their voice matters apparently.

[OldDutch]

Originally Posted by stampsx2

Just like Wallonia. A small group of 100 thousand people can stop a huge trade deal between canada and the european union that benefits 450 million. Small groups of selfish people. Only their voice matters apparently.

Agree but it is short term thinking. What ends up happening is the broader majority suffer get polarized and next thing you know a extreme populist gets in. You saw that with Trump, and there stands a good chance it is going to happen here in Alberta.

It is a pity, as a pragmatic approach would help everyone involved. Creating a transitional economy with short term oil investment funding long term green initiatives.

Instead you have a block everything leader, followed by unblock, followed by block. Looking forward to Bernie in 2020...yeash.

[Fuzz]

http://www.cbc.ca/news/canada/calgar...883181?cmp=rss
Carbon tax revenues should go to oil industry, says CAPP
I rolled my eyes when I read this headline, but it actually makes a lot of sense. What better way to boost the industry as a global "green" oil powerhouse than to invest in technology that reduces emissions for something that, lets face it, we all need for the foreseeable future. Taxes could be paid back to the industry for implementations of reduction technology based on how much reduction they achieve.

I don't think we should be handing it out for research, only implementation. If we hand out research grants they should go to our universities.

[Enoch Root]

Oil has broken through the recent highs in Asian trading tonight. Currently sitting at $54. Hopefully the positivity can continue.

[Bunk]

Originally Posted by Fuzz

http://www.cbc.ca/news/canada/calgar...883181?cmp=rss
Carbon tax revenues should go to oil industry, says CAPP
I rolled my eyes when I read this headline, but it actually makes a lot of sense. What better way to boost the industry as a global "green" oil powerhouse than to invest in technology that reduces emissions for something that, lets face it, we all need for the foreseeable future. Taxes could be paid back to the industry for implementations of reduction technology based on how much reduction they achieve.

I don't think we should be handing it out for research, only implementation. If we hand out research grants they should go to our universities.

I would actually like to see the revenue accounted for completely separately from general revenue. Then it is more transparent.

I agree it should be spent to reduce emissions. This can be on a number of fronts - assisting industry in development of emissions reducing technology, investment in renewables, helping transition our electricity grid, improving reductions emissions transportation (public transit, etc). Many things.

But beyond that, above all, we need to think about how it can help us secure our economic future.

We can be obscurantist on things climate change and the transition of energy away from carbon intensive sources, or we can embrace the challenge, leverage our (relatively short term wealth), swim with the stream and prosper long into the future. This revenue stream is one way we can move in that direction.