The future of Alberta oil

[George Orwell 1984]

How about hospitals and schools ? We have to push the idea that they too are “somewhat important” How about paying the mortgage and putting food on the table for families - many of us feel that is “ somewhat important “ with good paying jobs that allow that to happen . Oh right “ the state shall provide”

[raft-cove]

Welp, fears of higher oil prices now surfacing just as people realizing they have too much mortgage debt.

OPEC states 3.3mm barrel per day deficit for last quarter of 2023.

Anyone know what that means in plain English?

https://www.rigzone.com/news/wire/opec_ ... 0-article/


The people who export the most oil in the world (OPEC) have warned you that the World is under-supplied by over 3 million barrels per day.

Where oh where might the world find that additional supply of oil?

Alberta maybe?


Seems "The Future of Alberta oil" remains vibrant and healthy, thanks to physics and geology.

Liberal $cience proven wrong, once again.


And if anyone cares to quantify the cost of oil deficits, a rule of thumb suggests that for every 1 million barrels of oil supply deficit, the price of oil rises approximately $10/bbl.

What does $100 oil do to those who drive gasoline consuming vehicles?

$2-3/L fuel. It's coming. Thank you Liberal Carbon Tax.

Ooooooooops.

[George Orwell 1984]

India just signed a contract for oil with the saudis payable in rupees and not the traditional USD . Again I’m sure jt couldn’t make a business case for selling oil to India but somehow Saudi oil to Canada is workable . Hard to comprehend the logic .

[mikest2]

India just signed a contract for oil with the saudis payable in rupees and not the traditional USD . Again I’m sure jt couldn’t make a business case for selling oil to India but somehow Saudi oil to Canada is workable . Hard to comprehend the logic .

Hahahaha, you used JT and logic in the same sentence. that's as close to an oxymoron as you can get

[raft-cove]

Finally these dirty refineries can be dismantled and all we are now waiting for is for the progressive woke to lead and to walk their talk.

The only one talking about halting production completely are the fear-mongerers on the right. The elephant in the room here is plans for steadily increasing production at a time when reduction is needed.

Well hold on, children!

Not long ago Leftists call for a REDUCTION of oil production in Canada.

Yet the facts today state that MORE oil is needed to meet Global demand.

Refuse to believe it? Check in with the experts!

https://www.reuters.com/markets/commodi ... 023-09-15/


What's the price of WTI now? $90??

What next, $100 a barrel?

Why not allow Canada to satiate that global demand?
-Create Jobs
-Grow economy
-Increase tax base
-Increase standard of living for all Canadians, yes, ALL CANADIANS

Makes too much sense.

The Liberal $cience has been proven WRONG

[fluffy]

Yet the facts today state that MORE oil is needed to meet Global demand.

...which blatantly ignores the need to reduce global GHG emissions. This is a fight between short term profits and long term damage to the environment. It makes sense to me that the decision be made by young people, the ones who will have to live with the consequences of the decisions we make today, not aging capitalists who will be dead in a few years.

There's a lot of smoke and mirrors going on around Alberta's oil & gas sector, not the least of which is Danielle Smith's use of the unproven technology around carbon capture as a supposed saviour to the toxic sides of fossil fuel use.

Danielle Smith’s Carbon Capture Contradictions

"She loves it, she loves it not.

Premier Danielle Smith’s support for carbon capture projects is fickle and complicated, much like her understanding of the realities of climate change.

It all depends on the situation she finds herself in at the moment.

This week she waxed poetic about the potential for carbon capture, utilization and storage projects, to reduce emissions and save us from climate change while allowing us to keep using fossil fuels.

“Let me tell you, we are only going to strengthen the case for carbon capture, utilization and storage in the years ahead. In fact, Alberta is set to remain a leader in energy production and CCUS for decades.”

That was Smith giving the keynote address to a luncheon audience of 700 people at a major convention on carbon capture in Edmonton on Tuesday. She was, in other words, speaking to the converted.

However, two weeks ago while on a radio talk show, Smith expressed doubts: “I wish that carbon capture was as perfect as they think it is.”

By “they,” Smith meant the federal government. In that context, Smith was using the experimental nature of carbon capture projects as a way to attack the federal government’s clean electricity plan that, among other things, would use carbon capture as a requirement for new natural gas burning power plants."

https://thetyee.ca/Analysis/2023/09/14/ ... adictions/

[rustled]

Yet the facts today state that MORE oil is needed to meet Global demand.

...which blatantly ignores the need to reduce global GHG emissions. This is a fight between short term profits and long term damage to the environment.

This has become a fight between an anti-human ideology and basic human decency.

[George Orwell 1984]

What happened to my yawn emoji regarding the never ending far left hits by the Tyee against Alberta ?

[77TA]

What happened to my yawn emoji regarding the never ending far left hits by the Tyee against Alberta ?

I had a well played post "disappeared" this morning as well so don't feel too bad.

[Babba_not_Gump]

What happened to my yawn emoji regarding the never ending far left hits by the Tyee against Alberta ?

I had a well played post "disappeared" this morning as well so don't feel too bad.

Maybe it's the reach of the CBC bots.

[raft-cove]

We've already been over this.

You remove, or materially reduce, fossil fuel consumption and Billions of people will die of starvation, extreme cold and extreme heat.

Can anyone, please anyone, tell us how the globe can support 8 Billion pigs at the trough if you reduce fossil fuel consumption at this juncture?

Would love to hear it. You'll win the Nobel Peace prize. You can takeover Castanet and make it a Liberal playground for utopians worldwide.

Otherwise, all I keep reading here is leftist drivel about how Klimate $cience will save us all. Just add more tax to fuel consumption. Make it so expensive that only the 10% top earners can afford gasoline.

They have all the ideas, yet none of them are brave enough to say what it is they truly seek: DEPOPULATION

Do your part. Speak up. Slaughter the herd yourself or get out of the way.

None will have answers. They will continue to blame fuel producers and ignore the fact that it's them, the Leftist Elite, who are some of the biggest hogs when it comes to carbon emissions.

Everytime I see the news, it's Canada's fancy PM in pink socks, frequent-flying 3 private jets around the globe to attend fake meetings that could be hosted on Skype.

His followers are just as ignorant.

[raft-cove]

Oil markets continue to tighten, making Alberta's oil production ever more important to Canadians and our trade partners.

$100 oil on the way? ooooooooooooooooops

https://oilprice.com/Energy/Energy-Gene ... Mount.html

[liisgo]

Yet the facts today state that MORE oil is needed to meet Global demand.

...which blatantly ignores the need to reduce global GHG emissions. This is a fight between short term profits and long term damage to the environment. It makes sense to me that the decision be made by young people, the ones who will have to live with the consequences of the decisions we make today, not aging capitalists who will be dead in a few years.

So Fluffy, explain how alberta oil has anything to do with reducing global GHG Emissions. Do you believe like liberals that cancelling out alberta's supply of fossil fuels will force other countries to do the same? Or will they just take up the slack, like what has been happening to keep the supply chains going? I would really like to know? Because cancelling our selling opportunity to make some feel good about their virtue signalling, well all the other countries continue with their offerings of energy doesnt cut it.

[raft-cove]

...which blatantly ignores the need to reduce global GHG emissions. This is a fight between short term profits and long term damage to the environment. It makes sense to me that the decision be made by young people, the ones who will have to live with the consequences of the decisions we make today, not aging capitalists who will be dead in a few years.

So Fluffy, explain how alberta oil has anything to do with reducing global GHG Emissions. Do you believe like liberals that cancelling out alberta's supply of fossil fuels will force other countries to do the same? Or will they just take up the slack, like what has been happening to keep the supply chains going? I would really like to know? Because cancelling our selling opportunity to make some feel good about their virtue signalling, well all the other countries continue with their offerings of energy doesnt cut it.

Gaslighters refuse to discuss facts. That's the strategy.

They are afraid to admit that decarbonization means that Billions of people would face death should the 2035 emissions targets bet met.


Meanwhile, real life goes on.

Oil approaching $100 after hasty warnings from Leftists that End is Here for fossil fuels.

More worried about their CERB and Govt pensions than working-class Canadians buckling under Liberal $cience Tyranny.

Wrong again, wrong as usual.

Ooooooooops

[Catsumi]

Snip

"It is growing, not declining."

Nasser's comments come just a week after the International Energy Agency predicted that world oil demand is forecast to grow to 101.8 million barrels per day by the end of this year, driven by resurgent Chinese demand.

That, combined with Russia's invasion of Ukraine, which has disrupted energy markets worldwide is helping to keep fossil fuel prices high. In addition, Saudi Arabia and Russia recently agreed to extend their voluntary oil production cuts through the end of this year, leading to what the IEA calls a "substantial market deficit."

Snip

https://www.castanet.net/news/Business/ ... ot-falling