... by the industry, the federal government, provincial governments and the media.
It's ambitious to pack all of this into one thread but let's give it a go. Everyone with more than 6 brain cells knows that the world petroleum industry is in trouble and, as a high cost producer of dirty fuel, the Canadian industry will feel it first. Between oversupply due to fracking and being undercut by lower cost and much cleaner wind and solar, the industry is facing decades of downsizing. So, of course the reaction is to whip up a public panic about how Canada is losing millions, wait, billions, no trillions, hang on, centillions of dollars. In fact, if it weren't for the rest of Canada and those all-powerful George Soros-funded environmental groups, every Albertan would have a yacht in their driveways, parked right next to the 1 ton pickup with dual wheels and a bumper sticker saying "Jason Kenney for Emperor".
Worldwide, the industry is famous for the way it engenders corruption and controls the governments that are supposed to be controlling it. The corruption situation in Canada isn't as obvious but numerous books have been written (and mainly ignored by the mainstream media) about how governments are nothing more than cheerleaders, apologists and, when push comes to shove, henchmen, for one of the dirtiest industries in history.
By Accountability Now
With Trudeau squashing Northern Gateway and the fate of Keystone in the hands of the next US President (or so it seems), the latest focus has been on Energy East which will see a revitalization of the pipeline that will carry oil from Alberta and Saskatchewan to the refineries in NB thus creating more domestic oil products.
However, in the news as of late Montreal Mayor Denis Coderre and local Montreal area mayors have come out against the pipeline due to environmental concerns.
This was met with huge criticism from Saskatchewan Premier Brad Wall who stirred the pot by bringing up the equalization money that Quebec receives:
Also Mayor Naheed Nenshi has come out and blasted Coderre for this too:
On a bright note it looks like Ontario Premier Wynne is getting on board with the pipeline and giving her blessing:
Obviously there is the discussion of whether the pipeline is needed or not, but what I find intriguing is the dynamic between Quebec and the ROC. Its almost like this situation is allowing everyone to air their dirty laundry.
Definitely a tough call for Trudeau now....will this situation cause unity among the Provinces or will it the cause of a riff?
By Biz Liz
My family has been in the oil and gas business for almost 80 years and neither my father nor uncles think the Nexen deal was a good one for Canada. They say if China was so desperate for oil they would have settled for 49% and Canada was dead erong to give controlling interest to the Chinese. Would we have made the same deal with the Russians? So why would take such a risk with China? This basically gave Canada's self-sufficiency a bullet to the head because in 20 years or so Canadian oil will be going to China and we'll be importing American oil! Canada should never be dependent on foreign countries - any foreign country for oil. We saw the bribery taking place with the Chinese on the lumber deal, and I wonder if the same may have influenced such a bad decision on the Nexen deal?
So the "environmentalist" (i.e. "pro-science" Luddites) NDP seizes control in Alberta due to faux conservative prior leadership, and now massive profits have turned into massive losses. Well, at least now Alberta's NDP has an extra billion dollars laying around with which to purchase votes - which is what it's all about.
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