Good News for Alberta

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The Green Barbarian
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Re: Good News for Alberta

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Good news for Alberta - Enbridge's Line 3 comes on line in two days!

https://www.cbc.ca/news/canada/calgary/ ... -1.6193519
Project could add 370,000 barrels per day of crude oil export capacity from Western Canada into U.S.

Enbridge Inc.'s Line 3 pipeline replacement project, a critical piece of export infrastructure for Canada's energy sector, will be in service on Friday.

The pipeline giant said Wednesday the 1,765-kilometre Line 3 — which will carry oil from Alberta to Enbridge's terminal in Superior, Wis. — is "substantially complete."

"After more than eight years of many people working together, extensive community engagement, and thorough environmental, regulatory and legal review, we are pleased that Line 3 is complete and will soon deliver the low cost and reliable energy that people depend on every day," said Enbridge chief executive Al Monaco in a news release.

The last leg of the $9.3-billion project to be completed was the 542-kilometre Minnesota segment of the pipeline. Other segments of the pipeline had already been placed into service in Canada, North Dakota and Wisconsin, but in Minnesota Enbridge faced court challenges and protests by environmental and Indigenous groups.

In June, Enbridge was handed a victory by the Minnesota Court of Appeals, which affirmed the approvals granted by independent regulators that allowed construction on the Minnesota leg to begin last December.

Opponents of the project have said the Line 3 expansion will accelerate climate change and also poses a risk of oil spills in environmentally sensitive areas.
This last sentence just floors me. So you would rather that this oil be trucked or hauled by rail? And that's NOT going to "accelerate climate change", whatever that means. Good grief, the stupidity of the man-made climate change movement just never ends. Such boneheads.
Epistemic insouciance is a casual lack of concern about the facts or an indifference to whether one's statements have any basis in reality. From now on the Liberal Party of Canada will be known as the "Epistemic Insouciance Party of Canada".
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The Green Barbarian
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Re: Good News for Alberta

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More good news for Alberta!! Time to get back to work Albertans!
Oilpatch needs workers

Canadian energy contractors are facing a shortage of rig workers that could slow oilpatch recovery.

Oil and gas companies are ramping up production to meet global energy demand as COVID-19 restrictions ease. Oil prices are at seven-year highs, with West Texas Intermediate trading this week at more than US$80 per barrel.

The Canadian Association of Energy Contractors says there were 175 active drilling rigs in Canada last week, compared to just 75 in the same period last year. It says employment in the sector has increased 130 per cent year-over-year.

But the industry group says labour shortages are a problem. It says some companies who can't find workers are struggling to fill customer demand for rigs.

Companies are finding it difficult to attract workers back to the oil and gas sector after a six-year economic downturn. Some rig workers have left Western Canada while others have retrained in other industries.

The Canadian Association of Energy Contractors says wages for rig workers have already increased by about 10 per cent from last year due to market demand.
https://www.castanet.net/edition/news-s ... htm#348470
Epistemic insouciance is a casual lack of concern about the facts or an indifference to whether one's statements have any basis in reality. From now on the Liberal Party of Canada will be known as the "Epistemic Insouciance Party of Canada".
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The Green Barbarian
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Re: Good News for Alberta

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Alberta creates close to 20,000 jobs in August, following national growth rate

Alberta gained nearly 20,000 jobs in August, building on growth seen throughout the summer months.

Statistics Canada numbers released Friday shows employment in the province rose by 19,500 jobs compared to July when accounting for seasonal adjustments, resulting in a 0.9 per cent growth rate. The majority of new jobs came in the form of full-time work with 16,300 jobs. Part-time work rose by 3,100 new positions.

Alberta’s unemployment rate dropped 0.6 percentage points from July, down to 7.9 per cent. The number of people who are unemployed but actively looking for work dropped to 193,400 from 208,400 last month.

The latest unemployment rate is the lowest it has been in Alberta in the past 18 months, dropping by 4.3 points from August 2020.

Alberta Jobs, Economy and Innovation Minister Doug Schweitzer said in a statement that the numbers build off of encouraging growth seen in July, stating Alberta’s recovery plan out of the COVID-19 pandemic is diversifying the economy.
https://calgaryherald.com/news/local-ne ... rowth-rate
Epistemic insouciance is a casual lack of concern about the facts or an indifference to whether one's statements have any basis in reality. From now on the Liberal Party of Canada will be known as the "Epistemic Insouciance Party of Canada".
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Re: Good News for Alberta

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Now for some really good news for Alberta: https://angusreid.org/premiers-approval-october-2021/

Jason Kenney wins! - the booby prize [icon_lol2.gif]

Notice that Moe is following Kenney into the outhouse.

22% approval rating for Kenney. and 76% disapproval! Yikes!

Hmmm... the top rated premiers? An NDPer, a Liberal, a red Tory, and a CAQ tied. (Legault lost ground because he endorsed O'Toole in the federal election campaign.)

Maybe Kenney gets "saved by the bell" of high oil prices - but there is softness in that - US oil storage inventory rose way more than expected - and that often signals a drop in WTI. Either way, it really is looking like Kenney is toast - and that's good for Alberta.
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The Green Barbarian
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Re: Good News for Alberta

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hobbyguy wrote: Oct 14th, 2021, 5:51 pm Now for some really good news for Alberta: https://angusreid.org/premiers-approval-october-2021/

Jason Kenney wins! - the booby prize [icon_lol2.gif]

Notice that Moe is following Kenney into the outhouse.

22% approval rating for Kenney. and 76% disapproval! Yikes!

Hmmm... the top rated premiers? An NDPer, a Liberal, a red Tory, and a CAQ tied. (Legault lost ground because he endorsed O'Toole in the federal election campaign.)

Maybe Kenney gets "saved by the bell" of high oil prices - but there is softness in that - US oil storage inventory rose way more than expected - and that often signals a drop in WTI. Either way, it really is looking like Kenney is toast - and that's good for Alberta.
Alberta is turning the corner economically. Why the demagoguery? Makes no sense. Let's be happy for our neighbours to the east, rather than push this disgusting and evil negative garbage, purely for political purposes. Way to go Alberta!!!
Epistemic insouciance is a casual lack of concern about the facts or an indifference to whether one's statements have any basis in reality. From now on the Liberal Party of Canada will be known as the "Epistemic Insouciance Party of Canada".
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Re: Good News for Alberta

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The Green Barbarian wrote: Oct 14th, 2021, 6:00 pm
hobbyguy wrote: Oct 14th, 2021, 5:51 pm Now for some really good news for Alberta: https://angusreid.org/premiers-approval-october-2021/

Jason Kenney wins! - the booby prize [icon_lol2.gif]

Notice that Moe is following Kenney into the outhouse.

22% approval rating for Kenney. and 76% disapproval! Yikes!

Hmmm... the top rated premiers? An NDPer, a Liberal, a red Tory, and a CAQ tied. (Legault lost ground because he endorsed O'Toole in the federal election campaign.)

Maybe Kenney gets "saved by the bell" of high oil prices - but there is softness in that - US oil storage inventory rose way more than expected - and that often signals a drop in WTI. Either way, it really is looking like Kenney is toast - and that's good for Alberta.
Alberta is turning the corner economically. Why the demagoguery? Makes no sense. Let's be happy for our neighbours to the east, rather than push this disgusting and evil negative garbage, purely for political purposes. Way to go Alberta!!!
Ain't me that finds Kenney to be unacceptably dumb - it is the people of Alberta. Ain't no demagoguery in that.

Last I heard, the higher oil prices will reduce Alberta's deficit to about $7-8 billion in the hole. So somehow the windfall isn't translating very well.

Kenney keeps spinning around in aimless circles - oh the irony, having to ask Ottawa for help. It must gall Albertans big time to see such incompetence - and never mind the tragedy of health care collapsing and Albertans passing away from COVID. Haven't seen an overall poll for a while, but as of late July the Leger poll had the NDP up by 11 points - that's a lot, and likely to have grown for the NDP as Kenney just keeps on fluffing up.
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The Green Barbarian
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Re: Good News for Alberta

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hobbyguy wrote: Oct 14th, 2021, 8:53 pm

Ain't me that finds Kenney to be unacceptably dumb - it is the people of Alberta. Ain't no demagoguery in that.
Oh I see, so it's only "demagoguery" when people find someone like Justin Trudeau unacceptably dumb. Got it.
Last I heard, the higher oil prices will reduce Alberta's deficit to about $7-8 billion in the hole. So somehow the windfall isn't translating very well.
LOL - you "heard" this did you? Oh man, as anyone who has watched Alberta's economy boom and bust before, it's going to take a few years of these prices sticking around before they truly crawl out of the massive hole they were in. You can play politics all you want, but Alberta is what it is, with the Conservatives in power or even with a spendaholic unqualified NDP government in charge.
Kenney keeps spinning around in aimless circles -
This thread isn't about Jason Kenney, or the imbecilic losers who already have several threads to cry and pine for the loser Nutley to be back in power destroying Alberta. This is a "good news for Alberta" thread, and there seems to be plenty of it. Jason Kenney or Nutley, it doesn't matter who is at the helm, Alberta's economy is finally recovering, and that's good news for BC too!
Epistemic insouciance is a casual lack of concern about the facts or an indifference to whether one's statements have any basis in reality. From now on the Liberal Party of Canada will be known as the "Epistemic Insouciance Party of Canada".
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Re: Good News for Alberta

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Highest prices in last 4 years!
Screenshot 2021-10-29 at 18-27-57 Oil Price Charts Oilprice com.png
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Re: Good News for Alberta

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Alberta is clinging to the scraps. Oil dependence is dying and a lot of the people who live there and have worked in the industry now know that and realize that alternate fuels should have been explored a decade or two ago. But the oil money was instant gratification and the future didn't matter to them. Many have moved onto other things or moved away to other provinces. Good news to the ones still there is Kenney on the next train out. Alberta will survive but oil will not be the driving force.
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crookedmember
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Re: Good News for Alberta

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JagXKR wrote: Oct 29th, 2021, 6:29 pm Highest prices in last 4 years!

It's good news for some of the larger companies like SU and CNQ, but not that great for Alberta. Royalties are set so low, and Kenney gave the industry billions of dollars of tax cuts, which of course Alberta taxpayers will end up paying.

Albertans made two major mistakes:

1) They let conservatives give away the province's resources for forty-odd years.

2) They thought Kenney, a bible school flunk-out who has never held a real job, could fix the fiscal mess conservatives created.
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Re: Good News for Alberta

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crookedmember wrote: Oct 30th, 2021, 8:27 am

It's good news for some of the larger companies like SU and CNQ, but not that great for Alberta.
It's actually amazing for Alberta. And rightly so. Great job guys! Here's to another big boom, all coming thanks to sleepy Uncle Joe down south.
Royalties are set so low,
They are actually not set low, but I'd like to see zero royalties paid to the idiot Federal government, run by such moronic children. Justin appointing that brain-dead lunatic to Minister of Magic and Apocalyptic Fairy Tales was a giant slap in the face, and just looks so bad on such a stupid government.

Good news for Alberta!!
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Re: Good News for Alberta

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crookedmember wrote: Oct 30th, 2021, 8:27 am
It's good news for some of the larger companies like SU and CNQ, but not that great for Alberta. Royalties are set so low, and Kenney gave the industry billions of dollars of tax cuts, which of course Alberta taxpayers will end up paying.

Albertans made two major mistakes:

1) They let conservatives give away the province's resources for forty-odd years.

2) They thought Kenney, a bible school flunk-out who has never held a real job, could fix the fiscal mess conservatives created.
Huh? Ok, we get your Kenney Derangement Syndrome.
Belies the facts. Alberta was set to have a massive deficit. Now the price of oil is going to drastically reduce the deficit to much more manageable numbers.
https://calgaryherald.com/opinion/colum ... replace-it
The government now expects to reap nearly $10 billion this year from royalties on bitumen, crude oil and natural gas. That’s triple the original estimate.
This from a story at the end of August! The prices have gone up even higher since then.

And on page 14 of this update is an economic win, big time. Way better than forecast.
Screenshot 2021-10-30 at 17-15-31 2021-22 First Quarter Fiscal Update and Economic Statement - August 31, 2021 - 2021-22-fi[...].png
https://open.alberta.ca/dataset/9c81a5a ... tement.pdf
Don't let the facts hinder the syndrome that so severely affects your life. :fence:
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fluffy
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Re: Good News for Alberta

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This is all fine and dandy for producers and their shareholders, but what about Albertans themselves ? Oilpatch wages have largely remained static or declined in recent years, and producers are having difficulty filling oilpatch positions because employment in that sector has become so precarious in the last five years.
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