Support for Oil Patch Vow

[KenL]

Will Canadian Prime Minister Justin Trudeau ever take a realistic interest in Canadian jobs? The giant GM Oshawa assembly plant will be shuttered and 3,000 jobs lost. Trudeau says he cares, yet he has totally failed his country with over 25,000 jobs lost in the Canadian petroleum industry. Lost due to his Government's policies and lack of interest. That's over nine GM plants worth of lost employment. That's a national crisis.

Each one of those petroleum industry jobs is equally as important as every single job at the GM plant. And, just like at GM, each lost job represents another Canadian family without work as we approach Christmas.

Now that the bad economy is on the Liberals’ Ontario doorstep, maybe they’ll start to care about blue collar jobs all across this country - from frackers in Fort St. John B.C., to those on the assembly line in Ontario to refinery workers in St John, New Brunswick.

[crookedmember]

GM is also closing 4 plants in the US and one each in S. Korea and China. These are business decisions made in Detroit.

If you want to be mad at someone, try the former Harper/Scheer regime for using and losing billions of taxpayer dollars to bail out these American Auto manufacturers. WITH NO STRINGS ATTACHED.

Alberta employment in the oil industry is down due to the collapse of oil prices that occurred in 2009 on Harper/Scheer/Kenney's watch.

If you want to be mad at someone, try the former Harper/Scheer/Kenney regime; given 10 years in power, they did not get a single pipeline to tidewater built, or even started.

[KenL]

Crookedmember - My point was more aimed at the travesty we are dealing with regarding the petroleum industry in Canada. GM has it's own issues and solutions to consider. Was there a series of poor decisions made regarding oil production and pipelines ten years ago? Of course, but that can't be changed by dwelling on those failures. The future is in our leaders' hands. It is vital for Canada, even with a socialist Prime Minister and Liberal party at the federal helm, to serve Canadians, our job and income opportunities, and provide the means for prosperity again.

[GordonH]

Crookedmember - My point was more aimed at the travesty we are dealing with regarding the petroleum industry in Canada. GM has it's own issues and solutions to consider. Was there a series of poor decisions made regarding oil production and pipelines ten years ago? Of course, but that can't be changed by dwelling on those failures. The future is in our leaders' hands. It is vital for Canada, even with a socialist Prime Minister and Liberal party at the federal helm, to serve Canadians, our job and income opportunities, and provide the means for prosperity again.

Unfortunately certain opec country pretty well controls the price of a barrel of oil. Price needed to keep our production up & bring back the lost jobs, could be double+ what current price is.

[Ka-El]

Unfortunately certain opec country pretty well controls the price of a barrel of oil.

That is mostly true. However, we could get more money for our oil right now if we could get it to tidewater. We can revisit Harper's failures but he is no longer in power (thank you Canada). We need that pipeline built and we need it built now!

[GordonH]

Unfortunately certain opec country pretty well controls the price of a barrel of oil.

That is mostly true. However, we could get more money for our oil right now if we could get it to tidewater. We can revisit Harper's failures but he is no longer in power (thank you Canada). We need that pipeline built and we need it built now!

What oil Canada is currently producing does need to get to market, that would not cause an increase in production necessarily.
For that to happen price per/barrel has to increase, that opec country is not going let that happen. Unless they want that to happen.

[Ka-El]

For that to happen price per/barrel has to increase, that opec country is not going let that happen.

Gordon, the current ‘discount” price for our oil is not a factor of any decision made by OPEC (other than its relation to the global price for a barrel of oil). Our “discount” is determined by the fact we only have one trading partner when it comes to oil. We could be getting a higher price for our oil right now (without any change by OPEC) if we were able to get our oil to tidewater. We need that pipeline desperately.

Canada's Oil Price 'Discount' Is Costing The Country Billions Of Dollars

Imagine producing a bumper crop of a product in high demand around the globe, only to learn you must settle for a discounted price because there's no easy way to get your product to market.

Canadian grain farmers experienced that situation in 2013 and again last winter when their harvest outstripped the transport capacity of Canada's rail companies. Western Canada's oil companies are now in the same boat thanks to production gains that have not been matched by export pipeline capacity gains.

Like those farmers, oil producers have filled storage to bursting while they wait for a solution to appear. The price discounts or "differentials" that had mainly affected heavy oil have spread to light oil and upgraded synthetic oilsands crude as pipeline space tightens.

https://www.huffingtonpost.ca/2018/11/1 ... _23587397/

Canada’s oil price discount crisis, explained

Virtually every centre-right, centrist, and centre-left politician can agree, the insane discount that currently exists for Canadian crude oil is a problem of national importance.

This is because the lack of Canadian oil pipelines drastically hinder the wealth of provinces like Alberta, and in turn, this lowered wealth reduces the overall cash available for programs like equalization transfers.

There really is no understating the colossal economic loss here.

https://www.thepostmillennial.com/canad ... explained/

[crookedmember]

Trudeau literally bought a pipeline to ensure the TMX expansion goes through. This purchase has received much scorn from the Reform/Alliance so-called conservatives.

Unfortunately, what Trudeau can't do is overturn court decisions that put an end to Gateway and stalled TMX.

What more do you expect the Federal Government to do to support the oil industry? Be specific.

It really is too bad the industry, the Federal so-called conservatives and the Alberta conservatives put all of their oil eggs in one basket. It's been a disaster, and this right-wing cluster____ is going to take years to remedy. Pipelines aren't built overnight.

[Ka-El]

... this right-wing cluster____ is going to take years to remedy. Pipelines aren't built overnight.

No they are not, but the problems created by short-sighted governments aside we need shovels in the ground by this spring.
If Trudeau can get this project under way before the election he will have a very good chance at another majority.

dimples? Anyone believing he is capable will get what they deserve either way.

[Vacancyrate]

If you want to be mad at someone, try the former Harper/Scheer regime for using and losing billions of taxpayer dollars to bail out these American Auto manufacturers. WITH NO STRINGS ATTACHED.

There were conditions (couldnt close plants/lay people off) and they lasted up until 2015.

It was Justin Trudeau that just pressed for NAFTA to the cheers of many Canadians. He also just gave GM and other huge corporations 16 billion in tax cuts and rebates. He also just bought a giant oil pipeline.

Now every job is going to Mexico and people are surprised?

I guess everyone thought that Justin "standing up to Trump" in order to sign a free-trade-deal with a country that has a average salary of 5 dollars a day would work out for them?

[Brerrabbit18]

There were conditions (couldnt close plants/lay people off) and they lasted up until 2015.

It was Justin Trudeau that just pressed for NAFTA to the cheers of many Canadians. He also just gave GM and other huge corporations 16 billion in tax cuts and rebates. He also just bought a giant oil pipeline.

Now every job is going to Mexico and people are surprised?

I guess everyone thought that Justin "standing up to Trump" in order to sign a free-trade-deal with a country that has a average salary of 5 dollars a day would work out for them?

First of all, there were no conditions on the "bailout". The Harper Government bought shares in GM, and because an election was coming up, sold them at a huge loss to "balance" the budget. Look it up.

Justin didn't open the NAFTA negotiations, Orangeboy did. The Tax cuts were in response to Orangeboy's dramatic Corporate tax slash, (leading the US to a historic deficit). The business community, as usual, decided they had better start complaining to get theirs. No new News there.

As far as GM moving to Mexico, no big surprise. Low wages=more Corporate profits, it's what business does.

Big business has been stealing from the Public coffers since time immemorial. Capitalist Socialism.

[OKkayak]

GM is also closing 4 plants in the US and one each in S. Korea and China. These are business decisions made in Detroit.

If you want to be mad at someone, try the former Harper/Scheer regime for using and losing billions of taxpayer dollars to bail out these American Auto manufacturers. WITH NO STRINGS ATTACHED.

The thing is that Justin is our current PM, it's his duty to the working Canadian and taxpayer to show support, even if that means talking to GM (or whomever) and try to persuade them to keep the plant open. This blaming previous Government's has to stop, it doesn't achieve a thing, not matter how true it may be. Fact is that GM made the announcement with Justin in office, not the previous Governments.

[Catsumi]

It appears that Alberta has simply thrown up its hands in disgust as pipeline will be delayed until hell freezes. They are now ordering rail cars to carry product to tidewater. (Source, CTV Power Play tonight)

As we already know, each day of delay costs us millions in lost revenue and taxes uncollected.

Just what the environmental crowd wanted .... Rail cars flipping over into the rivers rather than build that dratted pipeline.

https://business.financialpost.com/comm ... n-discount

[GordonH]

It appears that Alberta has simply thrown up its hands in disgust as pipeline will be delayed until hell freezes. They are now ordering rail cars to carry product to tidewater. (Source, CTV Power Play tonight)

As we already know, each day of delay costs us millions in lost revenue and taxes uncollected.

Just what the environmental crowd wanted .... Rail cars flipping over into the rivers rather than that dratted pipeline.

I've been saying this all along about rail tankers, now how do BC'ers like that.

[jimmy4321]

Hope they get all the rail cars they need.