24 Replies to “Twelve Years And Four Bucks Later”

    1. You will have a much easier time with Wexit if you drop the 51st state, there is still a reflexive reaction to that idea in many, you will also have to fight the mediscare media, and realistically, Trump will not last forever. Would you want to be in the US for the reign of the next Obamessiah? We will have plenty of opportunity for trade deals and other ties to the US while being able to govern ourselves.

      The west is not like Quebec where a small group of radicals can keep pushing emotional BS until the public goes along, it is a thing that most supporters have reluctantly come to the grim realization that Canada does not work, the east does not share our values, or even care about us, and we are on the road to an authoritarian failed state.

      #Wexit via UDI is enough of a battle, don’t overreach with no benefit.

    2. At a cost of $7.5 Billion in cash and loans … not counting the interest rate on those loans … at $4/barrel … it will take 1.8 Billion+ barrels of oil just to pay the debt. I don’t know … but that seems like a very poor business decision. What’s the max rate of production of tar sands oil?

      1. Kenji.

        Right now, likely around ~4 – 4.5 Million bbls/day…?? Is that what we are actually putting in the limited pipelines we have, I cannot say….but I doubt it.

        Anyone else.?

        1. It’s not going to be $4/bbl forever. By the time it is finished, SA and Russia will have waterboarded their own economies with the excess oil, and be eager to cut back some. Also the debt-driven frac companies will be finished. They were stuck on a Hammster wheel. By then also, the CHICOM-19 virus shutdown will hopefully be over, and demand will be recovering.

          However, there will still be an oil glut, and due to endemic undersupply from Nigeria, Iran, Iraq, Venezuela, and sadly, Canada, there is a continual upper limit to price (Well, sadly in all cases, due mostly to internal strife and corrupt and incompetant governments).

          This guy has an interesting idea – David Yager: https://energynow.ca/2020/03/fortress-north-america-and-why-we-need-a-floor-price-for-oil-david-yager/

          I have realized for some time that getting a significant amount of Canadian oil to tidewater might raise our price, but would tend to bring world price downwards. A good thing all around, and still likely beneficial to Canadian oil producers, but not a cure-all for our troubles. That being said, getting oil flowing through Keystone will still be the best thing for us for quite a while.

  3. The libertarian in me hates this kind of stuff.

    I remember when the Lougheed government did this. Picked winners that invariably went south.

    Maybe this is different but I’m from Missouri when it comes to government getting into business.

    Harper got screwed good by the automakers when he was forced by obama to throw money at them in ’08. They took the money and closed the plants. Bastards.

    2. I remember when the Lougheed government did this. Picked winners that invariably went south.

      Getty was even worse. I worked for 2 of them. Just about quitting time, I wondered whether I would have a job to go back to the next day. While I was worried as to whether I’d still be getting a paycheque, the managers at both of them lived high on the hog.

      One eventually went belly up. The provincial government finally realized the company was a financial sinkhole and stopped supporting it. It changed hands at least once, I think, and eventually went under, scarcely leaving a trace.

      When the government caught on to how the other outfit was spending the money it got, that funding was yanked and the proverbial hit the fan. I became one of the bodies that were chucked over the side in order for that place to stay afloat. Eventually, some other outfit took it over

    3. Government involved in our lives sure has worked out well. Locked in houses, debt that will never be repaid, industries that should have closed getting massive bailouts, industries that should be working closed. hell yes more government, just what everyone needs.

    4. To your point, it’s just a matter of time now before they officially move the head office to Houston. I’m guessing after the current CEO retires.

      1. And in January 2021, when the the Joe Biden-Kamala Harris administration takes office, it will shut down the US Keystone portion. Alberta will be stuck with a pipeline going nowhere.

    5. However much one is against mixing private enterprise with government socialists, must reluctantly agree for now.
      It maybe that the GLOZIS have accounted that.

  4. Financing your own pipeline to the nearest available market, in a time of crisis, and in response to the private sector having been sabotaged by the Trudeau Liberal regime. This is an act compatible with both independence and separation. This is responsible government.

    Nation-states are built by a series of such acts. Enough pipelines to tidewater and negotiate a railway connection to the Mississippi. Then Oil and Agriculture have true international market access. “The Promised Land” vision of our pioneers is salvageable. We can sidestep Justin Trudeau’s belt and road to a failed state. The Red Pill is kicking in.

    1. When the great nation building railroad project crossed the Boreal forest and arrived in Winnipeg they found an already built railroad. It ran north/south along the Mississippi. It continues to this day bigger and better than ever. A major hub that few Canadians even know about. When you see those rolling pipelines heading out of AB many are making the trip alongside ‘Ol Man River’.

  5. Expect lots of court challenges now from whiny Indians and environmental groups. Elizabeth May, George Soros, and Gerald Butts will be making frantic calls to Blackie

  6. This was the right thing to do. Alberta is short on cash, long on credit resources. A pipeline south means that our product goes into the US while American product goes into Europe. As asian markets weaken, American markets strengthen – so, again, this is the right thing to do. Meanwhile the strategy of getting the cross border bit built first means that Trudeau, Pelosi et al don’t have time to stop the development.

    The next thing to do is to build a refinery near the border – see winface.com for more – using an order in council to get the thing, and the pipelines to it, approved, funded, and started. One of the wonders of the Canadian system is that the courts can overrule legislation, but not an order in council.

  7. This an important move forward by Alberta , I like it! What’s the old saying buy low and sell high!!
    Now can the Western oil patch survive this narcissist until it gets built!!!
    We still need that port!
    That narcissist is going the raise the CARBON TAX—- What an ass!

  8. Ordinarily, I am completely against this. Unfortunately, given the current environment in Canada, and keep in mind TC has already dropped $6 billion into this already, projects aren’t going to get done without some form of government intervention. This is basically the Alberta provincial government pushing back against other governments intervention both in Canada and the USA, and in that I include both the endless red tape and the feds allowing (if not actively encouraging, which I believe certain parties did) various outside groups using almost any means, legal or not, to stall projects without fear of retribution.

    Neither is right, but one ultimately made the other necessary. And should make any serious thinking person realize how ridiculous this has become.

  9. In crazy times the world is turned upside down. Massive Government control is the Corporate State. What’s next Nationalsozialismus Version zwei ?

  10. It is good that the Keystone XL might get built. However, government interference in a marketplace is very RARELY a good thing. It produces distortions in price signalling, and these distortions inevitably become costly to the entire endeavor. Alberta can certainly use the jobs right now, but I just wonder what the unforeseen consequences will be in the future. Usually a free market makes better long term decisions (the Invisible Hand).

  11. The ignorant anti-pipeline lobby have always been under the delusion that stopping pipelines would stop the use of Fort McMurray oil. The oil in those tank cars finding its way to market is not all from Fort Mac. There is still a sizable amount of conventional oil being produced in Alberta and the lack of pipeline capacity has hammered those producers as well. This move by the Alberta government may be 12 years overdue but it had to happen since we have a Federal government determined to destroy Alberta and its largest wealth generator.

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