Official (Alberta) Oil Discussion Thread

[Weitz]

Yawn. Another reason this isn't a Country but a collection of me first states.

[CaptainCrunch]

Trump has already basically indicated that while Keystone is back on the table that the terms of any deal have to be favorable to the US, so that might be a poisoned deal with the devil.

Just as the Alberta economy was showing some signs of coming around (Still a long ways to go), this will rip through the economy like a earth quake, I expect that over the next few weeks the layoffs thread is going to get very active again.

I would also expect that anyone that was looking at investing in the Alberta Energy sector is going to find a better use for their money else where.

There was some jacka%% on the news this morning from the Environmental Defense Fund bragging about this news today and alluding to their belief that Kinder Morgan is going to be tied up for years.

I don't blame TCPL for saying enough is enough.

I guess its ok for Quebec and Ontario to send money to Venezuela so they can bash the skulls in of their people, or Saudi Arabia so they can buy armored cars and weapons. But when it comes to this province, F us.

The Federal Government in Jim Carr blathered that its a business decision by TCPL and its not up to him to explain why they did it, but at the end of the day, the NEB changed the game in the middle of the process and basically poisoned Energy East.

Meanwhile that idiot in Montreal Coderre was already up and bragging about this. It must be nice to be in a province where everytime you sneeze someone from Ottawa shows up with a hanky and a check book.

[Lubicon]

This may put Keystone in jeopardy too. Not sure how we're supposed to make a convincing argument to the Americans to build Keystone in their backyard when we won't build a pipeline in ours. We may have just lost any leverage and put ourselves at a disadvantage in terms of a bargaining position. Even if it does go through the terms might have just swung more favorably in favor of the U.S.

[DownhillGoat]

Originally Posted by CaptainCrunch

I don't blame TCPL for saying enough is enough.

On one hand I now see why TCPL stocks are dropping.

On the other hand I don’t think even a majority of their eggs were in that basket.

[CaptainCrunch]

Well after Coderre came out and crowed about this, I'm only flying on airlines that buy boeing planes, and I won't be using any of my tourist or travel dollars on Quebec.

[DownhillGoat]

Originally Posted by CaptainCrunch

Well after Coderre came out and crowed about this, I'm only flying on airlines that buy boeing planes, and I won't be using any of my tourist or travel dollars on Quebec.

Joke’s on you WestJet has to revenue share. Quebec always gets it in the end.

[Locke]

Originally Posted by The Hendog

TransCanada terminates plan for $15.7 billion Energy East pipeline

http://business.financialpost.com/co...-east-pipeline

Many Loud Expletives.

[the_only_turek_fan]

I just find it ironic that the province of Quebec is celebrating this defeat just a few years after the Lac Megantic (sp?) train wreck.

[Manhattanboy]

Just another severe blow to the face from the federal Liberals, to add to the damage caused by the provincial NDP. We should not be at all surprised.

Where does one go? As a native Calgarian, every day I find myself with less and less in common with mainstream Canada. Move to the US? Ha.

And as angry as I am with the current federal government, how many pipelines were built during the Harper years?

[Regorium]

Originally Posted by Manhattanboy

Just another severe blow to the face from the federal Liberals, to add to the damage caused by the provincial NDP. We should not be at all surprised.

Where does one go? As a native Calgarian, every day I find myself with less and less in common with mainstream Canada. Move to the US? Ha.

And as angry as I am with the current federal government, how many pipelines were built during the Harper years?

In terms of major pipelines/applications to the NEB, a few at least: Keystone Phase 1 (phase 2 and 3 are completely in the US), Line 9 reversal project and Alberta Clipper (phase 1 and phase 2) off the top of my head. In theory, by the time Trudeau is done he'll have at least the Line 3 expansion and Transmountain twinning under his belt.

The pipeline industry is still able to build a lot of small pipelines even today. It's the major applications to the NEB that go through these ugly, very public processes.

In my opinion, the provincial NDP has been the Alberta pipeline industry's biggest ally in the world of politics. So I feel like your ire is misplaced on this front. However, I have nothing good to say about the Federal Liberals considering they just took credit for approvals made during the Harper administration (Line 3 and TM), and then their "mandate" to reform the NEB has made them into this terrible mess of delays, out-of-scope requirements and just general stupidity.

[Fuzz]

Originally Posted by Regorium

In terms of major pipelines/applications to the NEB, a few at least: Keystone Phase 1 (phase 2 and 3 are completely in the US), Line 9 reversal project and Alberta Clipper (phase 1 and phase 2) off the top of my head. In theory, by the time Trudeau is done he'll have at least the Line 3 expansion and Transmountain twinning under his belt.

The pipeline industry is still able to build a lot of small pipelines even today. It's the major applications to the NEB that go through these ugly, very public processes.

In my opinion, the provincial NDP has been the Alberta pipeline industry's biggest ally in the world of politics. So I feel like your ire is misplaced on this front. However, I have nothing good to say about the Federal Liberals considering they just took credit for approvals made during the Harper administration (Line 3 and TM), and then their "mandate" to reform the NEB has made them into this terrible mess of delays, out-of-scope requirements and just general stupidity.

They should just build lots of short sections...Then blamo! connect them together. Instant cross Canada pipeline.

[CaptainCrunch]

Originally Posted by the_only_turek_fan

I just find it ironic that the province of Quebec is celebrating this defeat just a few years after the Lac Megantic (sp?) train wreck.

I guess we didn't pay a big enough bribe to Coderre.

Its ok to be in Quebecs position, they have enough votes that if they sniffle the government can't run to them fast enough with a kleenex and a back rub.

I guess the whole concept of social license is one massive mis-calculation by the NDP, it got us absolutely nothing on a national level.

If Alberta wants leverage the only leverage they have is actually Oil. but Ontario and Quebec are willing to pay more to ship it in from scum nations. Oh and the taxes and regulations that are applied to you know Canadian Oil and Gas don't apply to imported Oil and Gas, how in the blue frack is that at all logical

Like I said before, hold onto your butts, this announcement is just going to add more to the don't invest in the energy sector in Canada wave.

[CaptainCrunch]

Originally Posted by Fuzz

They should just build lots of short sections...Then blamo! connect them together. Instant cross Canada pipeline.

Rusty pickup truck convoys and pack the Oil in glad garbage bags.

[CaptainCrunch]

Originally Posted by the_only_turek_fan

I just find it ironic that the province of Quebec is celebrating this defeat just a few years after the Lac Megantic (sp?) train wreck.

I find it funny that Quebec was whining and crying about the whole Bombardier thing a few days ago and telling the government that not one part of plane should be bought by the government of Canada and all Canadians should support them in their righteous anger.

I've said it before, this isn't a country its a lose collection of aholes.

[Ozy_Flame]

This country is happy to keep proping up an insolvent company like Bombardier multiple times, but can't seem to put an extended pipe in the ground. Is Quebec the Liberals favorite child? Wtf.

[CaptainCrunch]

Originally Posted by Ozy_Flame

This country is happy to keep proping up an insolvent company like Bombardier multiple times, but can't seem to put an extended pipe in the ground. Is Quebec the Liberals favorite child? Wtf.

Of course it is, If you want to form the government you have to suck up to the spoiled brat province of Canada.

At this point, I hope Bombardier gets no relief from the Tariffs and gets ground into the dust by the American and European manufacturers.

Coderre basically gloating about what is surely going to be another mass loss of jobs and closing of companies here that were probably hanging on for this project has really soured me .

[northcrunk]

Coderre thinks it's just fine and dandy to whole dump a bunch of sewage in the St. Laurence river but a pipeline is evil and dirty. All this after Lac Megantic. This stuff adds up and makes the rest of Canada really not like Quebec.

[the_only_turek_fan]

I have no issue with Quebec's position. BUT, if that is the position they are going to have their citizens should send back each and every dollar they have whored out of Alberta in equalization payments over the last 30 years.

You can't take the money and block economic progress at the same time.

Trudeau gave his "support" to the EE pipeline while at the same time his NEB was changing the regulatory conditions for the pipeline to be built.

To the younger posters and younger voters who foolishly voted for Trudeau, I hope this is a wake up call. This is the Liberal Party of Canada. They don't give a #### about Alberta.

We should be doing what we can to unseat Kent Hehr and Darshan Kang in the next election.

#### sakes.

[Slava]

Originally Posted by the_only_turek_fan

I have no issue with Quebec's position. BUT, if that is the position they are going to have their citizens should send back each and every dollar they have whored out of Alberta in equalization payments over the last 30 years.

You can't take the money and block economic progress at the same time.

Trudeau gave his "support" to the EE pipeline while at the same time his NEB was changing the regulatory conditions for the pipeline to be built.

To the younger posters and younger voters who foolishly voted for Trudeau, I hope this is a wake up call. This is the Liberal Party of Canada. They don't give a #### about Alberta.

We should be doing what we can to unseat Kent Hehr and Darshan Kang in the next election.

#### sakes.

I really don't think the issue is who is in power. The truth is the CPC couldn't get pipelines built and now the LPC can't. It's more about how much power we give to special interest groups and municipalities ahead of our national interest.

In this case though, it's only partly the issues with regard to the NEB and their trials and tribulations. The oil price being down and reduced pipeline demand are also factors here. Those are things that politicians can't really control.

[cal_guy]

Energy East doesn't make any sense with Keystone XL looking more likely than not to go ahead. The last thing we need is a bitumen discount due to pipeline overcapacity.