For oil and gas explorers/ developers, everything is evaluated on a political risk factor. When the Liberals got into power that factor went way up and exploration/ development cratered. Production is a smaller part of the whole business cycle and therefore you need a lot fewer people so employment was always going to fall. The reserves are still huge but nobody is going to risk a lot of capital.
To get rid of the political risk discount, we have to get back to a clearly structured regulatory framework which is sustainable and not a political football every time an election comes around. Carney's idea to speed up projects based on the government du jour doesn't cut it and he appears to be reluctant to actually fix the process problem.
I’m always amazed as to why Alberta has to kneel in front of Ottawa to get permission to build stuff which is economically viable . Especially if it’s its own money. “Major Projects Office” BS sounds like politicians/civil servants putting lipstick on pigs. Great for sign makers though😆😆
Why build a new pipeline when TMX isn't running close to capacity? Pipelines do not create significant jobs once they're built. Frankly, this screams a deflection by Danielle from the mess she's made of the province. Hold up a shiny object for her base.
Why would Danielle Smith think that a federal government will invest in a province that is openly courting separating! What Alberta needs is to demonstrate a solid plan for the building of the cities infrastructure and encouraging the building of more affordable housing for its increasing population, First order of business being to invest in public education and settle the teachers strike, improve the minimum wage and invest heavily in healthcare instead of ‘pipe dreams”. The money talked about here would be far better spent on any of these necessities.
If this were anything but politics, they would be consulting with the Natives in B.C. before any grand announcements. If Eby could envision this going ahead without the turmoil and civil unrest of pipeline 1, I imagine the B.C. position would be different.
If we arent getting the jobs that we used to out of the increasing production does that mean Alberta should be changing their royalty system? From what I understand Alberta has among the lowest royalty schemes in the world? Ive been trying to learn about this so I am open to being corrected by someone that knows more than this than I do
My son went contracting,he was one of many laid off during the 2014 downturn. I pushed and supported him in this move. I knew the work would return. I returned to the oil patch myself,in a supervisory role,only for shutdowns. It’s all maintenance here now. Private contracting is they way to go,they will always need boots on the ground
Governments do not nor should they ever build pipelines - leave it to private industry by creating the regulatory environment which would allow private industry to build pipelines and other infrastructure projects where and when needed.
Here's a link to a publication authored by Peter Tertzakian on what it would actually take from the producers side in terms of capital investment to fill any sort of new pipeline. It really a "chicken or the egg" dilema. I think a "build and they will come" approach could work as a pull but current federal regulation is still acting a brake on whole system
The USA does not want us selling to Indonesia,Asia Pacific countries. China in particular. I think Danielle Smith is setting Carney up for a fall. Another Line south,thru Saskatchewan was always being looked at. I oppose any oil to Hudson Bay.
For oil and gas explorers/ developers, everything is evaluated on a political risk factor. When the Liberals got into power that factor went way up and exploration/ development cratered. Production is a smaller part of the whole business cycle and therefore you need a lot fewer people so employment was always going to fall. The reserves are still huge but nobody is going to risk a lot of capital.
To get rid of the political risk discount, we have to get back to a clearly structured regulatory framework which is sustainable and not a political football every time an election comes around. Carney's idea to speed up projects based on the government du jour doesn't cut it and he appears to be reluctant to actually fix the process problem.
I’m always amazed as to why Alberta has to kneel in front of Ottawa to get permission to build stuff which is economically viable . Especially if it’s its own money. “Major Projects Office” BS sounds like politicians/civil servants putting lipstick on pigs. Great for sign makers though😆😆
Why build a new pipeline when TMX isn't running close to capacity? Pipelines do not create significant jobs once they're built. Frankly, this screams a deflection by Danielle from the mess she's made of the province. Hold up a shiny object for her base.
Why would Danielle Smith think that a federal government will invest in a province that is openly courting separating! What Alberta needs is to demonstrate a solid plan for the building of the cities infrastructure and encouraging the building of more affordable housing for its increasing population, First order of business being to invest in public education and settle the teachers strike, improve the minimum wage and invest heavily in healthcare instead of ‘pipe dreams”. The money talked about here would be far better spent on any of these necessities.
If this were anything but politics, they would be consulting with the Natives in B.C. before any grand announcements. If Eby could envision this going ahead without the turmoil and civil unrest of pipeline 1, I imagine the B.C. position would be different.
If we arent getting the jobs that we used to out of the increasing production does that mean Alberta should be changing their royalty system? From what I understand Alberta has among the lowest royalty schemes in the world? Ive been trying to learn about this so I am open to being corrected by someone that knows more than this than I do
My son went contracting,he was one of many laid off during the 2014 downturn. I pushed and supported him in this move. I knew the work would return. I returned to the oil patch myself,in a supervisory role,only for shutdowns. It’s all maintenance here now. Private contracting is they way to go,they will always need boots on the ground
Governments do not nor should they ever build pipelines - leave it to private industry by creating the regulatory environment which would allow private industry to build pipelines and other infrastructure projects where and when needed.
Here's a link to a publication authored by Peter Tertzakian on what it would actually take from the producers side in terms of capital investment to fill any sort of new pipeline. It really a "chicken or the egg" dilema. I think a "build and they will come" approach could work as a pull but current federal regulation is still acting a brake on whole system
https://studio.energy/publications/
Which Comes First: The Wells or the Pipeline?
The USA does not want us selling to Indonesia,Asia Pacific countries. China in particular. I think Danielle Smith is setting Carney up for a fall. Another Line south,thru Saskatchewan was always being looked at. I oppose any oil to Hudson Bay.