Is BC getting screwed on the LNG project?

[twobits]

It looks like that world market place is getting more competitive with the price of oil falling again. In reality, it's these alternative forms of energy, like solar and especially wind, that are forcing down the price of oil.

Thanks for the belly laugh! The actual reality is that the only reason solar and wind gained a one percent share was because the high price of oil drove R and D dollars into investigating alternatives. If low oil prices become the new reality, those silly solar and wind projects will dry up. Maybe even get shut down as the revenues generated will not even cover the operations and maintenance costs. That's the reality.

[maryjane48]

the reality is oil will run out , where as wind and solar could last 4 billion more years till sun goes red giant

[twobits]

the reality is oil will run out , where as wind and solar could last 4 billion more years till sun goes red giant

Agreed. Now your task is to make solar and wind cost competitive. It is one thing to spew the need to change.....which no right thinking person would disagree with, but quite another when the current conversion to wind and solar will price the most vulnerable on the planet out of heat, transportation and food security. You do gooders kill me. You promote these environmentally friendly energy sources without thinking of any downstream consequences in the immediate. Like starving one third of the world population to meet your carbon footprint goals.
There are easily three billion people on this planet that would disagree with your vision and the immediate cost it would place on them. These are the people whose poor standard of living and high child mortality rates under our current cheap carbon energy reliance are just barely surviving. You should get off of your cushy chair and computer screen, your warm house, stocked fridge and freezer, and go to rural India, China,...wherever....and sell your plan of solar and wind to them. Be sure to explain the cost to them and then report back here at how well received you were. After such a trip you might well develop a conscience and understanding of how the other half of the world lives and get the hades off your utopian high horse of saving the planet.

[twobits]

Well Vixen.....it seems the cat has your tongue. Have you yet to receive any feedback from the lower income folk yet on how they will pay for energy with your wind and solar solution before the sun goes red dwarf in 5 billion yrs?
It would seem you are nothing more than a keyboard environmentalist with a full fridge, warm house, and a few pounds at the waistline that finds it easy to lob grenades on how people should live without any consideration of "if they could live" with your incredibly simple solutions.

[twobits]

We are still waiting Vixen. Should we perhaps start a new thread.... "Lakevixen's inconvenient truth's".

[bob vernon]

Christie has offered Petronas another chunk of the provincial royalties in order to get this deal done. Petronas is holding out for even more. If they go ahead there will likely be almost nothing coming into the provincial treasury. Oh yeah, all those workers who will be paying taxes. Except Petronas also wants to bring in their own people from Indonesia to build and then operate the line.

Has anybody seen Christie lately? Is the province on autopilot?

[maryjane48]

Subsidies and tax cuts to oil companies have been a big part of the building the Canadian economy we have today.

u think you forgot to add after our manufacturing sector was gutted first, so no it was not built on oil and gas , it was built on hard working canadians making top grade things the world wanted :)

[Donald G]

Unless the price of LNG and oil goes back to something approximating its former levels I doubt it there will be pipelines and/or refineries being built anywhere. Definitely not worth the price at the moment.

That will put the transportation of existing gas and oil on the backs of the much more riskier railway systems.

[Bsuds]

Except Petronas also wants to bring in their own people from Indonesia to build and then operate the line.

Even foreign workers pay Canada's taxes! What a dumb statement.
As long as we have qualified workers available no TFW's should be allowed!

[Donald G]

To Bsuds ...

I agree that some degree of Canadian job protection is necessary if Canadians are going to be able to support our Canadian way of life

Job protection IS one of the fundamental characteristics of the foreign worker program. Without it our Canadian Social Programs (including medical) would revert to the same dog eat dog levels as most other countries of the world are damned with.

[Donald G]

I see that Exxon is offering to put in a 25 billion dollar LNG refinery just out of Prince Rupert. That would certainly help out the various Northern B.C. LNG exploration projects.

There is already a methanol refinery operating in the Kitimat area.

[steven lloyd]

There is already a methanol refinery operating in the Kitimat area.

Not for some time actually Donny,..

Methanex Announces Plans to Close Kitimat Plant
August 30, 2005

VANCOUVER, BRITISH COLMBIA--(CCNMatthews - Aug. 30, 2005) - Methanex (TSX:MX)(NASDAQ:MEOH) President and CEO Bruce Aitken announced today that Methanex plans to close its Kitimat facilities in early January 2006.

http://methanex.mwnewsroom.com/manual-r ... imat-Plant

but the old site might not go to waste ...

SHELL CONFIRMS PURCHASE OF METHANEX SITE, MARINE TERMINAL, IN KITIMAT FOR LNG PROJECT
Updated Oct. 20, 2011, 0955

Kitimat mayor Joanne Monaghan has confirmed that Royal Dutch Shell has purchased the former Methanex site in town, “as a first step toward a proposed Liquified Natural Gas facility in Kitimat.”

http://nwcoastenergynews.com/2011/10/19 ... n-kitimat/

[Donald G]

Switching to LNG from Methanol may actually benefit Northern B.C. more than if it had stayed Methanol. That may be one of the motivators in Exxon talking about building an LNG plant near Prince Rupert.

According to the book I just read called "The Year 2050" Russia has, by far, the largest LNG deposits in the world. Unless China wants to become more reliant on Russia I would expect that China will still have a strong interest in obtaining LNG from locations like Canada.

[twobits]

Switching to LNG from Methanol may actually benefit Northern B.C. more than if it had stayed Methanol. That may be one of the motivators in Exxon talking about building an LNG plant near Prince Rupert.

According to the book I just read called "The Year 2050" Russia has, by far, the largest LNG deposits in the world. Unless China wants to become more reliant on Russia I would expect that China will still have a strong interest in obtaining LNG from locations like Canada.

There are a whole host of issues with anything Russian. Putin is making a bed right now that no one may want to lay in right now....even the Swiss Chinese.

[Geode]

It makes perfect sense for China to buy from Russia. It's closer. Environmental laws in China and Russia are next to non-existent - just get er' done - build a pipeline. Both countries are authoritarian dictatorships. Makes perfect sense for Putin to get in bed with China. Less risk of an environmental catastrophe like Exxon Valdez here.