Why the numbers do not add up.

[Bigjohn69]

The prime minister must have been nervous in November 2016, announcing that the Kinder Morgan pipeline expansion had been approved after all. The future look: two parallel pipelines, including “reactivated existing segments,” shipping 890,000 barrels daily of crude oil, primarily diluted bitumen. Asserting that his government would “use today’s wealth to create tomorrow’s opportunity,” Trudeau championed the “15,000 new, middle class jobs” the project would create.

Robyn Allan saw red, and launched into one of those rabbit hole exercises trying to find the data source, only to come up with a Kinder Morgan website reference in which the oil company bizarrely cites a figure from the Conference Board of Canada. Even if you reject Allan’s description of the jobs number as a “scam,” the federal government appears to have offered no evidence to support the 15,000 figure, and certainly can’t argue long-term job creation when the lion’s share of the jobs, whatever the number may turn out to be, are short-term pipe, tank and terminal construction jobs. Allan estimates that the true early years number is less than 20 per cent of that 15,000.

https://www.thestar.com/business/opinio ... opped.html

It is clear the job numbers were never going to be what was said .

[liisgo]

what,,, they lied?

[Cactusflower]

what,,, they lied?

What's new?

[LordEd]

How many lawyers and protestors have been hired for fighting the pipeline?

[Bigjohn69]

How many lawyers and protestors have been hired for fighting the pipeline?

Im not sure .. You might want to ask yourself why you think a. Company from texas should get canadian tax money . The americans just gave huge tax cuts worth more than what bc and alberta,would get from any type cut of pipeline profits .

Plus keep in.mind opec and russia. Announced ramping up output to lower the price . They can shut down the tar sands faster than any canadian govt could . Plus if trump thinks us selling oil to asia hurts them , we could face sanctions . The world has changed and trump sees canada as a,foe now

[Bigjohn69]

http://business.financialpost.com/commo ... rice-rally


If you read that link,it shows the reality . Trump says opec raising prices artificialy and boom., opec starts to flood the market to lower the price .The only way to compete here in canada,is value added product . Canada will lose trying to take on the states in the oil market .

[Bigjohn69]

http://globe2go.newspaperdirect.com/epa ... ff7cc971a4

Kinder is now facing a cost over run past the last one .

The 7.4 billion will not be enough and they will not say yet by how much is the additional projections
More and more it is bad deal for canada,. Them texans will be laughing to the bank at canadas inability to realize when it is getting played by some the oldest players in the game .

[Cactusflower]

^^From the Globe & Mail link you provided:
"Major oil sands producers argue the plan to triple capacity on the existing AB - BC pipeline to 890,000 barrels a day would help ease price discounts that have plagued the industry for years."
When are they going to admit the fact that they've been 'plagued by price discounts for years' for the simple reason they have an inferior product?

Also, they continue to whine about the BC NDP's actions to stall the project, when in reality it's the coastal First Nations that are stalling it...and for good reason. It's an environmental disaster waiting to happen. Horgan and the NDP/Green alliance want to beef-up the province's environmental assessment process that the BC Liberals watered down to please big corporations, and I think most British Columbians agree that they should.