Governments are losing the plot at a remarkable pace. They want to go to renewables, but they need oil. They need natural gas even more. They won’t admit it, and are completely unprepared for a looming price shock. Read on…
Governments are losing the plot at a remarkable pace. They want to go to renewables, but they need oil. They need natural gas even more. They won’t admit it, and are completely unprepared for a looming price shock. Read on…
Not them that pays it, its us economic slaves.
Not quick enough to change from plastic to another material.
Crude prices began moving up back in April. At first, (in part) probably because an expectation that demand would drop through the lockdowns, then as the left ramped up its calls for attacks on the energy industry. Restrictions and regulations on everything will certainly increase over the next four years. I expect it’s going to push at least to the $80 range, 60% higher than now, so gas prices in the $3.50 range, but who knows with all the other economic disasters and unintentional (or intentional??) consequences that will present themselves thanks to the left.
It was $147.00 a barrel not that long ago. In2014 gas was $1.39 a liter and higher than that in the Maritimes.
That was under Obama in the US. Wait until Biden starts telling (fracking) people what they’re allowed to do on their own land…
The only reason Canada exists is cheap energy. If Biden and Turdeau kill the oil and gas industry, Canadians and Americans could be scaling the wall into Mexico.
Scar…O’Butthole and turD’Oh,bin Biden is only a place holder
What would a massive price spike do to the world?
Matters not a whit to Trudeau and his climate change high priests who wants Canada to be energy starved – Higher prices means less usage from the proles. And with an economy that has all been tanked due to covid he’ll be a shoe in to meet or at least come close to Canada’s Paris Accord obligations.
I’m guessing there are some people here who underestimate the scope of this asshole’s malevolence. Know any other leader who’s increased taxes during a “pandemic”?
Had this been a normal country, things would not have gotten so far.
How does this @$$hole think he is going to get the funds to hand to his family? He can’t keep printing money and getting taxes is like getting blood from a stone.
Canadians voted for this. Intellectually, you can resign yourself to that fact. Otherwise, it still baffles one.
Apparently some 81 million assholes in the US just voted for someone with dementia who promised to raise taxes. Americans are officially stupider than Canadians.
Aside from the obvious fraud, it seems that some did not learn from the disastrous Obama experience.
It’s not about learning, when it comes to the GIMME DAT and DINDOO NUFFIN crowd in the US.
It’s all about Take, Take, Take for the DeMarxist sheep.
It’s all fun and games until the money runs out.
Not really, most Canadians are socialists and the liberals are still in power. We are losers, just not as big a crop of losers as Americans have become. Just wait until their policies start ruining Canada because without them we will starve.
Oh, they are ruining us.
We are not generating any money and 63,000 jobs have been lost:
https://thepostmillennial.com/canada-loses-63-000-jobs-amid-new-lockdowns
Well its a good thing the little girly boy doesn’t have to worry about paying to heat his Harrington Lake winter palace. Besides, he can always escape the winter to his conman muslim buddy’s private island.
Anyone who thinks there is any such thing as renewables when it comes to electricity and transportation is simply not thinking. I could waste a few thousand words explaining but most really don’t give a shit, they think the flu is killing us all and that wind turbines and solar panels are made out of unicorn farts and rainbows.
I stopped trying to have an intelligent energy conversation with anyone a few years ago. I would point out verifiable facts showing how horrible wind and solar is to everything they touch and all I would get from them is that it’s better to do something than nothing. I stopped talking about climate change after the East Anglia email dump that proved, in their own words, that they were falsifying all of the data and everyone would say ‘What about the polar bears? Better to do something than nothing. Once I hear that statement coming from someone I know that the odds of changing their minds with facts are so small I’d have a better chance winning all of the different lotteries at once.
Not compelling. It’s government policy to drive up the price to retool industry to green. Cost and debt no longer matter in this central planned global economy where they create $trillions by keystokes. No one will freeze in the dark. They don’t even need to fuel heliocopters to redistribute the digital money into bank accounts.
Far more intriguing conjecture is that oil sands were collateral damage in a greater geopolitical game.
https://oilprice.com/Energy/Oil-Prices/Did-The-Saudis-And-The-US-Collude-In-Dropping-Oil-Prices.html
Renewable energy is expensive, so higher energy prices enable the move to renewables. That’s the stated point of carbon taxes – not that it is effective.
The highest energy consumers – and carbon emitters – are increasingly in the developing world, in which the Paris Accord *encourages* economic growth and commensurately increased energy demand, consumption and emissions. The push to reduce demand/consumption in the West is merely to put downward pressure on global energy prices to make them more affordable in the developing world.
The climate change narrative is just a successful propaganda tactic to convince people in the West to accept, even welcome, additional taxes while reducing their energy demand.
If oil prices are projected to go up, it’s because global demand is increasing faster than supply (and that means renewables aren’t working). As for oil/gas price shock, producing jurisdictions like Texas, Alberta, etc could probably do quite well, that is if they are *allowed* to. Higher energy costs will be seen as acceptable as long as people are working again.
How will they deal with it? Easy, they will have their press wing repeat constantly that our chocolate ration has been increased from 40 to 30 grams and anybody who argues will be disappeared.
Similar question, how will each of us handle higher energy prices?
Instead of going to the$50/person restaurant, then to the $25/person theatre, gas up the vehicle, head over to the grocery store, cook at home yourself, watch tv, read a book, enjoy a hobby.
The hospitality/entertainment industries have a lot more to worry about than covid. For the most part, we don’t even bother with takeout/delivery, if we have to eat at home, might as well just cook at home.
Canada has a huge supply of natural resources and a scarcity of intelligence.
The result is a collective bullet to the head.
The future is dark and cold.
At the meeting of countries, when they asked “We need someone to kill Canada’s oil and gas industry”.
Canada said “I’ll do it”.
Amen
Should that be “Awomen”? (sarcasm = off)
Has Terry Etam written the depreciating canadian dollar into the equation as well?
You know, those + $500 billion that the imbecile Trudeau spent that he didn’t have, for bailing out those who complied with his general health orders to stop working for themselves…
coupled with the rise in energy costs / energy taxation, pretty soon you’re talking “real money”
Buy Bitcoin. Sure it’s crazy.
Buy Bitcoin.
Indeed.
But what are we in the West doing to save ourselves from the waves of hysteria and madness?
This is a cold country.
A huge country in which many provinces are bigger than an average European Country.
We have been put on notice.
Hell the feds have even stamped on our heads.
The West is unwelcome in Liberal Canada,we are racist redneck scum fit only to pay the bills.
We have no place and no future in Can Ahh Duh.
Straight from the Lips of our Prime Minister.
Now there is no better time to exit than right now.
The bankruptcy is coming.
Eastern Canada desires the fate of Venezuela,Cuba is their favourite place to vacation and they see the citizens situation there as desirable.
A clean break now,will mean Buffalo will be the Petro Dollar of the North.
And the way things are moving,we can break free now or be enslaved for ever.
For we still have a choice,that may not last much longer.
As a bonus,if we get separation right,we can buy up the bankrupt regions later on,evict the sponges and expand the free nation.
For the forces of state swell and strut,imposing their small minded regulations and staggering incompetence upon the individual citizen.
Think of it as the Parasites on the cow,forming a committee and demanding the cow change its feeding habits to provide them,the parasitic drain,with sweeter blood.
Our parasitic overload is quivering in fear,for the rumblings amongst the deplorables is that they don’t need any more freeloaders,fools nor bandits.
Hence the current madness and overreach.
Draconian fines and Orwellian threats being uttered by our Dear Leaders as they begin to see the consequences of their decades of stealing and betraying the citizens.
Being easily cowed,natural condition of cowardly bullies,they believe you are too.
The concept that uttering such threats and accusations upon innocent citizens,might backfire very badly,inconceivable in Progressive speak.