Moonbox Posted April 20, 2011 Report Posted April 20, 2011 That's not completely correct. Our economy is far more than energy, with sectors ranging from agriculture, to manufacturing, to financial services. The country's population (and internal spending is the bulk of our economy) can't survive financially these types of massive increases in the energy price. I know what our economy is. Yes, those sectors exist. There's no arguing it. We are, however, a largely resource based economy, any way you slice it. The increased price of energy will be felt across the globe, not just in Canada either. Because we're a vast net energy exporter, we will fare FAR better and will become far more competitive overall with increased energy prices. There's certainly a price where the economy just becomes crippled altogether, but we're not nearly there yet nor will we get there just because of how international energy markets work. Quote "A man is no more entitled to an opinion for which he cannot account than he is for a pint of beer for which he cannot pay" - Anonymous
M.Dancer Posted April 21, 2011 Report Posted April 21, 2011 It may very well be, but it isn't the entire economy, and high energy prices are not good for the 40% of the economy that's in Ontario. Well, it will be if Layton is part of a new governemnt. You know, he is very keen of Green Energy industries receiving government largesse...and that may even be good for Layton` Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
ninjandrew Posted April 21, 2011 Report Posted April 21, 2011 Well, it will be if Layton is part of a new governemnt. You know, he is very keen of Green Energy industries receiving government largesse...and that may even be good for Layton` Well if we were a more green energy reliant country, wouldnt that give us more o&g to export? Quote "Everything in moderation, including moderation." -- Socrates
M.Dancer Posted April 21, 2011 Report Posted April 21, 2011 (edited) Well if we were a more green energy reliant country, wouldnt that give us more o&g to export? No...if we were a more reliant energy country, we might import less oil... Oil - exports:2.001 million bbl/day (2008 est.) country comparison to the world: 10 Oil - imports: 1.192 million bbl/day (2008 est.) country comparison to the world: 15 https://www.cia.gov/library/publications/the-world-factbook/geos/ca.html Oil and gas producers get the same value whether they sell offshore or domestically...it makes little difference. Edited April 21, 2011 by M.Dancer Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
RNG Posted April 21, 2011 Report Posted April 21, 2011 (edited) No...if we were a more reliant energy country, we might import less oil... https://www.cia.gov/library/publications/the-world-factbook/geos/ca.html Oil and gas producers get the same value whether they sell offshore or domestically...it makes little difference. Not quite totally correct. Eastern Canada imports oil and gas. Western Canada exports it. We export close to twice what we import, as your data shows. The reason being transportation costs. Be it pipeline, tanker, truck, train whatever, it has a cost. Pipelines are the cheapest. We have more pipelines south in western Canada so we export there. The infrastructure is such that imports from the US and by tanker from Venezuela and Russia to the refineries in the Maritimes, Quebec and Ontario make economic sense. Edited April 21, 2011 by RNG Quote The government can't give anything to anyone without having first taken it from someone else.
M.Dancer Posted April 21, 2011 Report Posted April 21, 2011 (edited) Not quite totally correct. Eastern Canada imports oil and gas. And? They are both parts of Canada and their exports and imports are accounted for on the same tally sheet. The reasons why are somewhat irrelvant. In fact TCP is in the process of of constructing a huge pipleline south...to where the huge market is. http://www.transcanada.com/keystone.html Edited April 21, 2011 by M.Dancer Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
Scotty Posted April 21, 2011 Report Posted April 21, 2011 Not quite totally correct. Eastern Canada imports oil and gas. Western Canada exports it. We export close to twice what we import, as your data shows. The reason being transportation costs. Be it pipeline, tanker, truck, train whatever, it has a cost. Pipelines are the cheapest. We have more pipelines south in western Canada so we export there. The infrastructure is such that imports from the US and by tanker from Venezuela and Russia to the refineries in the Maritimes, Quebec and Ontario make economic sense. Weren't the Newfies supposed to be building a big new refinery? It'd make more sense to do that and ship the oil east than ship it overseas or to the US. Quote It is an inverted moral calculus that tries to persuade the world to demonize one state that tries its civilized best to abide in a difficult time and place, and rides merrily by the examples and practices of dozens of states and leaderships that drop into brutality every day without a twinge of regret or a whisper of condemnation. - Rex Murphy
ninjandrew Posted April 21, 2011 Report Posted April 21, 2011 Well the less oil we need to import the better, no? Self reliance with more green energy would be good for Canada right? For the record, I'm on this forum to learn. I certainly didn't major in any political classes. In case you haven't noticed. Quote "Everything in moderation, including moderation." -- Socrates
M.Dancer Posted April 21, 2011 Report Posted April 21, 2011 Self reliance with more green energy would be good for Canada right? Only if it costs less. So far that has not been the case. Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
Sailor Posted April 21, 2011 Report Posted April 21, 2011 High energy prices are good for Canadians as a whole. Oh, that's right! It's just like when Gordon Campbell told British Columbians they'd be paying less in taxes when the HST was introduced, while British Columbians were looking at their newly discovered deeper hole in their pockets. It's like when they told us we'd pay less for beer, less for everything, while we were watching the amount of sales tax we pay rise significantly. It's all in the marketing, isn't it? Quote Getting robbed blind at the gas pumps and our candidates aren't saying a word. What gives? Make gas prices a 2011 election issue - it's hurting all of us!
RNG Posted April 21, 2011 Report Posted April 21, 2011 Well the less oil we need to import the better, no? Self reliance with more green energy would be good for Canada right? For the record, I'm on this forum to learn. I certainly didn't major in any political classes. In case you haven't noticed. We don't import oil. We are a net exporter of oil, in a big way. That is a big chunk of our trade balance. Quote The government can't give anything to anyone without having first taken it from someone else.
bush_cheney2004 Posted April 21, 2011 Report Posted April 21, 2011 We don't import oil. We are a net exporter of oil, in a big way. That is a big chunk of our trade balance. Canada "imports" about 900,000 barrels per day because of poor west-east distribution and refining for distillates. That's where the "net exporter" comes from. Quote Economics trumps Virtue.
RNG Posted April 21, 2011 Report Posted April 21, 2011 Canada "imports" about 900,000 barrels per day because of poor west-east distribution and refining for distillates. That's where the "net exporter" comes from. Exactly, but we export way more to the US from western Canada via several major pipelines. The western exports far exceed the eastern imports. Quote The government can't give anything to anyone without having first taken it from someone else.
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