The other issue worth considering is the basis for the natural gas price. These terminals are looking for 20 - 30 year contracts but are the Chinese or Japan (note their announcement about hydrates today) going to go with oil-indexed pricing? Not likely, so very much a case of let us see who blinks first. This could be a substantial loss of the economic rent. See my latest blog that in part deals with this.
Alberta School of Business
Sad but unfortunately this article has not come as a surprise to me.
It has become obvious to me that many Albertans,( including those working in the energy industry) have very little understanding of our energy use, sources and cost both enviromentally and economicaly.
If the so-called elite, as well as our politicians do not have a strong grasp of the realities it is no wonder that we suffer from a dearth of leadership and forward thinking in this area!
I have been confronted often enough about the enviromental impact of our Oil and Gas industry to know that when it comes to energy and the enviromental impact hardly anyone gives a second thought to coal. The only reason I can think that we are still generating electricty this way is because of those self same politicians and their constituents and the elites in their areas.
The ongoing demands of Canada's aboriginal population for millions of dollars in financial handouts under the auspices of "traditional lands" has got to end, and end soon! In my opinion, regular and predictable public disobedience, sabotage, and trespass activities are nothing more than extortion attempts aimed at exploiting a spineless law enforcement institution, and an even weaker political leadership. It's time the Canadian public stood in solidarity to ensure aboriginals are treated the same as all other Canadians, or perhaps more appropriately, that all Canadians get treated as well as the aboriginals!
Makes perfect sense to me. Perhaps the government could explain why the 30 per cent rule is in place to begin with. But my vote is for option number two. Hold foreign funds to the same rules as Canadian funds. Level the playing field.
I'm still confused by this article. If Black is saying that the Enbridge Pipeline is 70% opposed by British Columbians and is basically a dead issue. Where and how is he going to get the the oil from?
Is he proposing another pipeline?
What am I missing??
Congratulations to the Premier for appointing people who actually have the qualifications, knowledge and experience for these positions!
Wow, an Albertan Premier and a Separtist Quebec Premier working hand in hand for the good and benefit of all. What has changed. That's right -- they are both women!
So far Allen Brooks has been the only person I have read that believes the Obama administration will not approve the XL pipeline. At this stage the only reason I can see that the pipeline does not go through is if the Repbulican stacked Congree blocks it, as they have done just about every other initiative Obama has tried to do.
The key thing that must be remembered with CNOOC is that the Chinese are great with the promises, not so much with the follow through. Especially if they already have what they were after. Sure they will seek a listing on the TSX, the question is when? Perhaps they should be listed BEFORE the deal is approved. In other words they should start the process now.
In my opinion, the aboriginals of Canada have been so long coddled, capitulated to, and allowed to run roughshod over all forms of legal fundamentals that the time has come for the rest of the country to state clearly, and emphatically that being aboriginal does NOT bring the right to share in revenues, royalties, tarriffs or any other form of claimed benefits unless those same aboriginals have purchased an interest in those assets. I believe that the people of Canada reject the concept of aboriginals having ANY special rights or claims to any Canadian lands, resources, or any other assets outside of what is clearly defined and intended under existing treaties. This citizen is sick and tired of watching the country being held hostage by a long parade of special interest groups with endless claims of being "owed" something by the rest of the country. I believe that the aboriginals of Canada need to be given a large dose of fiscal reality, and absolutely nothing else!
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