Alberta

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Pappywinkle
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Re: Alberta

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The Green Barbarian wrote: Nov 17th, 2021, 8:34 pm It's just plain nonsense.
I agree that defending oil and gas subsidies is complete nonsense, which is another reason why the incompetent loser Jason Kenney will be kicked to the curb in the next election. Alberta will be so much better off with the much more competent Rachel Notley leading the province instead of the disastrous UCP that ran Alberta's economy into the ground.
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The Green Barbarian
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Re: Alberta

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Surging oil and gas revenues driving down Alberta's deficit

Surging oil and gas revenues are driving down Alberta's deficit. It has gone from what was supposed to be a record high to the lowest deficit the province has seen in years. Tom Vernon breaks down the numbers.
https://www.msn.com/en-ca/news/video/su ... d=msedgntp

Looks good on you Alberta - great job guys!
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Re: Alberta

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The Green Barbarian wrote: Dec 1st, 2021, 4:53 pm
Surging oil and gas revenues driving down Alberta's deficit

Surging oil and gas revenues are driving down Alberta's deficit. It has gone from what was supposed to be a record high to the lowest deficit the province has seen in years. Tom Vernon breaks down the numbers.
https://www.msn.com/en-ca/news/video/su ... d=msedgntp

Looks good on you Alberta - great job guys!
It's all thanks to Trudeau buying the TMX and increasing it's size. Alberta will see the liberal benefit when the pipeline opens in 2022/2023.
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Re: Alberta

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AlienSoldier wrote: Dec 3rd, 2021, 6:54 am

It's all thanks to Trudeau buying the TMX and increasing it's size.
It has nothing to do with that and everything to do with oil prices going up. In a way, as incompetent as Biden and his woeful administration are, with their stupid anti-drilling policies and inflationary nonsense they did achieve MAGA - Make Alberta Great Again.
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Re: Alberta

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The Green Barbarian wrote: Dec 3rd, 2021, 8:11 am It has nothing to do with that and everything to do with oil prices going up.
It's definitely true that it has everything to do with oil prices and not anything done by the incompetent UCP. And at least with oil prices rising the disastrously massive deficits caused by the incompetent Kenney and his gang of buffoons will be a bit less disastrous, and when Notley inevitably gets elected the NDP will have a bit less of a mess to clean up.
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Re: Alberta

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The Green Barbarian wrote: Dec 3rd, 2021, 8:11 am
AlienSoldier wrote: Dec 3rd, 2021, 6:54 am

It's all thanks to Trudeau buying the TMX and increasing it's size.
It has nothing to do with that and everything to do with oil prices going up. In a way, as incompetent as Biden and his woeful administration are, with their stupid anti-drilling policies and inflationary nonsense they did achieve MAGA - Make Alberta Great Again.
With Trudeau's support to get more oil to markets :)
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Re: Alberta

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AlienSoldier wrote: Dec 3rd, 2021, 9:00 am
With Trudeau's support to get more oil to markets :)
Yes, if one thing is consistent and constant over the decades, it's been the Trudeau family supporting Alberta. :up:
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Re: Alberta

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That Alberta's fiscal situation has been set up to be so tied to a single commodity, and a volatile one, is not cause for celebration. It is good that in the short term, the deficit in Alberta has been reduced by the spike in oil prices.

The situation seems to be in an untenable one, as even with the spike in the oil prices, Alberta has not yet reached a sustainable fiscal situation. That is even more concerning given that the long term prospects for oil are in decline.

On the plus side, although slowly, the prospects for some increased market options for oil is getting closer as the TMX construction continues. There may even be some some increased options for natural gas as the BC LNG project also slowly moves ahead.

In context, however, the Alberta dependence on for high prices for oil and gas remains a very risky strategy.

It seems that both sides of the political equation in the US, the largest market, remain committed to maximizing domestic production and minimizing imports. That is a significant risk to Alberta's fortunes.

The "apple cart" is also at risk from the current natural gas situation in the EU. That current NG situation has changed the political discussion in Europe around the future directions of energy sourcing given the massive vulnerability to Putin's Russia. It is not coincidental that at a time when our European NATO allies are extremely vulnerable to natural gas flow disruptions that Putin is ramping aggression toward Ukraine and other states in eastern Europe.

That European situation will most likely spark a new conversation around safe nuclear energy replacing natural gas and oil in the future. If that happens, then the future for fossil fuels becomes somewhat dimmer.

One can only hope that the Alberta government utilizes the additional breathing room provided by the oil price spike to accelerate diversification of the Alberta economy to make it more resilient. I am optimistic that such diversification efforts can succeed. If they do, then oil price spikes would be the icing on the cake, not the cake itself.
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Re: Alberta

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hobbyguy wrote: Dec 3rd, 2021, 10:06 am That Alberta's fiscal situation has been set up to be so tied to a single commodity, and a volatile one, is not cause for celebration.
But the fact that their financial situation is improving is cause for celebration. Rather than pooping all over it, or worse, using this great news to babble on about nonsense about "fossil fuels", let's just bask in the glow of an improving Alberta economy, which benefits everyone, especially us here in BC.
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Re: Alberta

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The Green Barbarian wrote: Dec 3rd, 2021, 9:03 am
AlienSoldier wrote: Dec 3rd, 2021, 9:00 am
With Trudeau's support to get more oil to markets :)
Yes, if one thing is consistent and constant over the decades, it's been the Trudeau family supporting Alberta. :up:
Conservatives too, but they just didn't know how to get it done.
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Re: Alberta

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AlienSoldier wrote: Dec 3rd, 2021, 10:24 am Conservatives too, but they just didn't know how to get it done.
Conservatives just sit around with their thumbs up their :cuss: , take credit when oil prices are high and blame the feds when oil prices are low.

The sad thing is that such idiocy works on so many Albertan voters.
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Re: Alberta

Post by AlienSoldier »

The Green Barbarian wrote: Dec 3rd, 2021, 10:15 am
hobbyguy wrote: Dec 3rd, 2021, 10:06 am That Alberta's fiscal situation has been set up to be so tied to a single commodity, and a volatile one, is not cause for celebration.
But the fact that their financial situation is improving is cause for celebration. Rather than pooping all over it, or worse, using this great news to babble on about nonsense about "fossil fuels", let's just bask in the glow of an improving Alberta economy, which benefits everyone, especially us here in BC.
We are, congrats to the Liberals for leading this federally and the con's for getting lucky provincially.
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Re: Alberta

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AlienSoldier wrote: Dec 3rd, 2021, 11:21 am
We are, congrats to the Liberals for leading this federally
Not really.
and the con's for getting lucky provincially.
Both governments are "lucky" here. As are the people of Alberta. This is good fortune for them, and long awaited too. Imagine if the Albertans had the ability to get their oil to tidewater, you might even have a starting point to compare them to places like Norway at that point.
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Re: Alberta

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The Green Barbarian wrote: Dec 3rd, 2021, 12:37 pm
AlienSoldier wrote: Dec 3rd, 2021, 11:21 am
We are, congrats to the Liberals for leading this federally
Not really.
and the con's for getting lucky provincially.
Both governments are "lucky" here. As are the people of Alberta. This is good fortune for them, and long awaited too. Imagine if the Albertans had the ability to get their oil to tidewater, you might even have a starting point to compare them to places like Norway at that point.
That is basically what Trudeau did when he bought the TMX and has been expanding it. It should be operational by 2023 as per the TMX website.
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Re: Alberta

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AlienSoldier wrote: Dec 4th, 2021, 9:20 am That is basically what Trudeau did when he bought the TMX and has been expanding it. It should be operational by 2023 as per the TMX website.
Yup. Albertans are so lucky to have the Trudeau government working so hard to keep their economy afloat after the UCP totally ruined it.
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