Alberta Politics Thread v2

[DiracSpike]

Originally Posted by username

It's come to a point where I would almost be ok with building our own refinery. I'd put my tax dollars towards building it because the amount of money we are losing and have already sacrificed would probably make it a viable project.

Plus, I'd love to see the look on the feds face when they realize that we don't need Transmountain any more and they just blew 5.5 billion on it for nothing.

Once we built this massive refinery we'd still need pipelines to export the refined product. But refining for export here makes no sense because we're so far from any other population centre. It's much much much more profitable to just export raw product, people seem to have a problem with that but it's what most efficient.

[cal_guy]

Originally Posted by llwhiteoutll

I’m sure you can post the part where CAPP confines it as well. Because the tweets in the link show that no one called them to ask.

“The pre-OSAG process really started as a group of industry leaders trying to determine whether there was a different path forward on energy and climate, particularly whether there could be support for a climate policy in Alberta that addressed the competitiveness concerns around climate policy that are an issue for industry,” said Collyer in an interview.

The CEOs reached out to five environmental groups, whose executive directors agreed to engage with Canada’s largest oil producers.

Collyer and Berman co-chaired those meetings.

https://energi.news/markham-on-energ...-osag-06jul18/

[Weitz]

Originally Posted by cal_guy

https://energi.news/markham-on-energ...-osag-06jul18/

I’m still not sure how this backs up your original claim.

[Slava]

I don't know which thread this should go in at this point, but Alberta is trying to find solutions to close the oil price differential. https://www.cbc.ca/news/canada/edmon...tial-1.4911499

Alberta Premier Rachel Notley is appointing three "special envoys" to work with energy sector experts and CEOs to find solutions for closing the oil-price differential.

The envoys are:

Robert Skinner, University of Calgary School of Public Policy.
Brian Topp, Notley's former chief of staff.
Coleen Volk, deputy minister of Energy.
The trio will work report "directly to me" and their work will begin immediately, Notley said.

[Thunderball]

Originally Posted by Slava

I don't know which thread this should go in at this point, but Alberta is trying to find solutions to close the oil price differential. https://www.cbc.ca/news/canada/edmon...tial-1.4911499

Funny that none of the envoys are actually in the energy industry, but at least one is a NDP sycophant.

While I think we'd all like this group to find some solutions that can be enacted ASAP, the optics are that Notley is whistling past the graveyard yet again.

[RyZ]

Originally Posted by Slava

I don't know which thread this should go in at this point, but Alberta is trying to find solutions to close the oil price differential. https://www.cbc.ca/news/canada/edmon...tial-1.4911499

Im surprised she doesnt have Tzeporah Berman on that panel, considering Topp is on it. What a waste of time.

[Slava]

Yeah I have no idea why Topp is there. And honestly, do we need another commission or whatever? They made one similarly for gas earlier this year that was supposed to report by the end of the summer, yet the snow flies and we haven't heard anything there.

[Frank MetaMusil]

Originally Posted by Slava

Yeah I have no idea why Topp is there. And honestly, do we need another commission or whatever? They made one similarly for gas earlier this year that was supposed to report by the end of the summer, yet the snow flies and we haven't heard anything there.

She doesn't have a handle on Alberta's economy, it's calling in a lifeline.

Appointing more government to think about price differential. Make work projects essentially.

[CaptainCrunch]

This is equivalent to me sitting at my desk jamming random buttons on my keyboard while yelling at the IT guy "Look I'm helping"


Frankly there's not much that can be done anymore, either its production cuts, increased rail transport or pipelines. But there's no miracle solution here.

[redforever]

Originally Posted by Slava

I don't know which thread this should go in at this point, but Alberta is trying to find solutions to close the oil price differential. https://www.cbc.ca/news/canada/edmon...tial-1.4911499

Yeah, an academic, a long time NDP insider, and a career bureaucrat. What could possibly go wrong?

[cal_guy]

Originally Posted by redforever

Yeah, an academic, a long time NDP insider, and a career bureaucrat. What could possibly go wrong?

Robert Skinner is a 13 year veteran of the oil and gas industry. If you pick someone who is currently in the industry then you're going to be biased depending on how much guaranteed takeaway capacity that they have.

[OldDutch]

Looking forward to the panel suggesting a whole bunch of great retaliatory measures to put pressure on Trudeau.

Only for Notley to chicken out on all of them.

[Frequitude]

Originally Posted by username

It's come to a point where I would almost be ok with building our own refinery. I'd put my tax dollars towards building it because the amount of money we are losing and have already sacrificed would probably make it a viable project.

Plus, I'd love to see the look on the feds face when they realize that we don't need Transmountain any more and they just blew 5.5 billion on it for nothing.

Originally Posted by Ozy_Flame

I may not be reading this right, but explain to me how building a refinery supplants the ability to sell product to international markets?

Originally Posted by Weitz

Yah, building a refinery here wouldn't change anything.

Refined products (e.g. gasoline, diesel) fetch global prices, even in landlocked Alberta. They aren’t pegged to WCS. That’s where the argument comes from. However even with that, building a refinery is still a terrible deployment of capital. The return sucks. They’re too expensive even relative to the diff they’d help close. And even if they were economic at today’s prices, they’re too risky since they need decades to pay off and one pipeline in that timeframe would crush the diff they’d rely on.

[CaptainCrunch]

Aren't we under capacity on refining anyways. Plus the ability to build pipelines too and from a new refinery would be compromised by the new Liberal Bill anyways.

[Frequitude]

Cenovus and MEG can buzz off with this call for Provincial mandaded production curtailments. Sorry guys, you went all in on a bitumen only strategy which relied on pipelines getting built to the USGC as if the high oil price party was never going to end. You can’t privatise the gains and socialize the losses throughout the industry. Shut in, lean out, rework your strategy, and emerge stronger or die. THAT is in Alberta’s best interest. Don’t try to pick the pocket of those who have what has turned out to be a better strategy (Husky, Imperial, Suncor, and kind of CNRL.

[Handsome B. Wonderful]

Also, a refinery is fundamentally far more complex to design and build than a pipeline.

[wireframe]

https://www.cbc.ca/news/canada/calga...ding-1.4913055

I think Tombe is right here. In order to balance our budget, we need to spend less and raise more. Cutting spending alone won't be enough.

I always like these articles but I wish they would link to the original report.

[Lubicon]

Which is frustrating since a lot of people seem to be drinking the UPC coolaid and think all will be good again once the NDP get booted out (which they will). Cut the carbon tax and a bunch of other unspecified spending and viola we're back to the good old days. It won't be that easy and there is a lot of pain coming before it gets any better. It's easy to call for spending cuts until you see the result and feel the effect.

I'm not saying they are not needed, it just blows my mind how many people seem to think everything will magically turn around the day after the UCP come to power.

[Johnny Makarov]

Originally Posted by Dion

Because i'm not posting crap like this on here. No commentary. No points. He got called out once for it already. Back to the same old same old.

[Frequitude]

I’m with Dion. Even as a life long conservative, these UCP ads are abhorrent. Kenney’s brand of politics needs to die a quick and decisive death. It is not the future I want for my children.

Is difficult being stuck between a rock and a hard place. Kenney’s brand of politics and the less bad (note, not everything’s great) economic future with the UCP.