The Country’s In The Very Best Of Hands

43 Replies to “The Country’s In The Very Best Of Hands”

1. We could likely produce twice as much oil if it wasn’t dead-ended at the pipelines. There are no pipelines because producing Canadian oil will ruin the climate while imported oil will not. Build a few million barrel pipelines and Alberta will fill them.

   1. Or..Or… Hear me out now. We can buy oil from Australia, pay to have it shipped 25,000 miles then give it away to the IEA so they can inject it to the market.
      It’s a win win for everybody. Well except Canadian taxpayers, but screw them. As long as Carney looks good on the world stage.

      1. Hope they’re shipping it in electric ships! Net zero don’t ya know!!

         1. Sail boats, man, sail boats.

2. Oil Reserves? In Canada?
   … and how do you expect to get that oil to market? Singh Bros. trucking?

   What a shame that Brian Z. can’t be making BANK $$$$ during this windfall for the Oil Industry.

   1. California has lots of oil, why don’t you produce more?

      You could open up offshore California and produce even more.

      1. Their governor is a total nitwit, like Trudeau and Carney.

      2. Because ‘slick’ fashioned himself after ‘Socks’ Trudeau.

3. “The Canadian government doesn’t seem to know anything about Canada’s oil industry.”

   …and neither do the Liberal government’s voting base. The message about releasing oil reserves is meant for those voters, the ones easily bamboozled by bullshit. This BS is designed to fool them into thinking Liberal policies haven’t completely messed up with their anti-energy, anti-oil, anti-pipeline policies.

   At best, more oil might be transported by train but that will clog up the rail system which will negatively impact other export products. Increasing the cost and time to move grains, fertilizer, chemicals, potash, manufactured products…

   1. There are competent productive people and then there are civil servants and politicians.

      1. True. There’s also lots of Canadian voters who are simply gullible and ignorant. I don’t mean ignorant in the modern, insulting way. I mean ignorant because they truly don’t understand the way the economy works in general and the way the energy industry works in particular. Similar to the way they view food. People know it doesn’t just appear in the grocery store by magic but they have little understanding of the process of how it’s grown, processed or transported.

         Politicians take advantage of this gullibility and ignorance. They make promises and create policies that are unrealistic, at best. A complete and total disaster, at worst. Then the politicians blame everything and everyone else for the negative results of their poor policy decision *or* use the disaster to justify more stupid, destructive policies. It’s a viscous circle.

         1. Or blame the Conservatives for being obstructive!

            1. Has anyone counted the number of times the Liberals have used the phrase “we will take no lessons from the opposition/conservative party” in parliament? Question period is a cheesy, scripted melodrama with a sky high budget and b-list actors.

               What personality type creates the modern canadian politician – a person or group of people who is/are totally lacking in dignity, honesty, self respect and personal integrity. The only place these people could keep a job is in canadian politics or government funded media, of course. Even bankers, crony corporate CEOs and used car salesmen have slightly higher standards and code of conduct policies – occasionally they are forced to resign or get fired for unethical or corrupt behavior.

   2. Perhaps they should watch a few episodes of “landman”

   3. “The message about releasing oil reserves is meant for those voters, the ones easily bamboozled by bullshit.”
      Yes.
      And as MikeT says, the civil servants and the so called ‘Liberal’ politicians don’t know dick, as is popular to say, about anything. They have the information that they need to have, available, though it would require actual, real work to do anything about it. Not gonna happen.
      You see, they need to talk to the oil stained, oil companies bosses, that is not gonna happen.
      The civil servants are so superior, they know dick.
      They went to school for a long time studying the women’s studies, the LGBXYZ studies and other assorted ”important’ nonsense.
      The oil business, math and other such are a bridge too far for the crowd.
      As for the prime minister, he is only interested in the international cocktail circuit. If it sounds good, he is for anything, as for the executing anything, he is not interested, that’s a distraction. The self important politicians don’t care about any consequences of their decisions.

   4. oh they know alright. its a ruse, the LIEberals can blame the oil industry for not ‘whatever . . . . .’

4. Not an oil & gas expert but hear me out.

   First, Mark Carney is pandering to the Canadian voter (I know, Captain Obvious).

   Second, oil does sit in the ground until it’s pumped out. The rate at which it is pumped is pretty constant (decreases over time). The rate is set based on a model of how much oil is present, how fast they can get it out, and how long they can pump until the depletion curve makes extraction uneconomic. Pump too slowly, delay your payback. Pump too quickly and leave stranded oil in the ground. But that’s not the problem.

   The oil in Canada goes to an upgrader. Is there extra room at the upgrader to increase production? If so are there any wells off-line that could be brought into production quickly to meet the increased demand because it is highly unlikely they would change the economics of existing wells (i.e., lose money) to satisfy our Prime Minister’s request.

   But then where does that upgraded oil go? Is there a pipeline? Is there any room? Can you ship by rail? Is there room on the rail line?

   But then where do you deliver your oil? To a refinery. Is there room at the refinery for that type of oil?

   And if there is any room at all to increase the rate of oil production more than marginally, then why were the oil companies leaving all that money on the table in the first place?

   Watch out because I’ve been watching Landman.

   1. I could be wrong but I suspect oil companies and refiners would have some reserves. They need to have reserves to account for seasonal maintenance shutdowns, transport problems and emergency shutdowns for repairs. For this reason, it might not be feasible or wise to run those reserves dry.

   2. It’s a little more complicated dealing with the Oil Sands, than just pumping it out of the ground, as you pointed out as typical oil production.
      Now, I’m no expert, but will assume that the current facilities are probably capable of processing more sands than the daily production, , but there’s limits due to the choke points of pipeline capacity available, the limitations of the facilities to extract, as well as available sands production of existing mines.
      They could extract more sands and ramp production up, but need more extraction facilities and pipelines. But they won’t build more pipelines because, Feelings and Reasons. And, therefore, won’t build additional extraction facilities either, until more pipeline capacity is added.
      Chicken and egg problem.
      So, long story short, we’re at least 5 years away from ramping up production, if we had a government with any common sense whatsoever.
      Every left wing government in Canada, federal and provincial, are deeper and deeper in debt every year, yet, they do everything in their power to kill off the resource and extraction industries, which are the single biggest provider of revenues to government directly, and indirectly through spinoff taxes from income and sales of employees, contractors and such.
      The budgetary solution is obvious what they need to do, that’s to take their foot off the neck of resource industries.
      Instead, blinded by ideology, they’re coming for added Cap Gains Taxes on our personal homes, raising the Cap Gain limits, and higher taxes on everything else.
      Financial Paralysis by dimwitted governments,

5. Since there is no “social licence” for hydrocarbons in Quebec, just stop all oil imports into Quebec.

   1. or better yet, divert those imports to China.

      1. C’mon! How about Cuba??

6. The Liberal government wants to ramp up our oil production. (This after decades of suppressing oil production.) How? They’ve ensured that it’s virtually impossible.

   Besides, why aren’t they cheering the restrictions and skyrocketing prices? That is their policy, is it not?

   1. I am sure Marx Carnage is getting hairy palms over watching the price of fuel rise.

7. What is the issue?
   Fossil fuels = bad, no?
   Aren’t we just getting the Green Nude Eel a little sooner than planned?
   Where are the ‘Green Jobs’ celebrations and ‘Net Zero’ parties?

   1. It’s interesting that Carney did not suggest expanding wind and solar energy.

8. The Oil patch could increase production to the limits of allowed infrastructure which is likely whatever they could get in rail cars. The Jacobins know this but as Steve said, the Eloi don’t and Carney’s power comes from the voting Eloi so they think Caliphate-Climate-Conman-Carney is looking out for them by directing the evil Oil companies to release all that oil that they have kept off the market to keep prices higher (which is the reality of their beloved supply management, except they destroy it rather than horde it). When political outcomes come not from reasonable campaigns to form a mandate but mindless tropes such as “Just Society, Sunny ways, Elbows up”, you know, your society is doomed.

   1. We are so screwed!

9. The Carney government has been distinguished by an ongoing game of Word Association Football which seems to be the result of using AI to produce slop press releases. There is no sense to what they say, but words commonly found together appear together, in patterns that look familiar. If we’re talking about oil then the word “reserve” has to appear. Cause doesn’t it always?

10. Oil companies to Carney: You can suck it out of that pipe right here.

11. A genius government proclamation from Government media A.I.
    The best of Arrogant Incompetence.
    Of course they know nothing and care nothing of how oil is actually produced.
    This is a feature not a bug,inside the bureaus,those who actually know and have genuine first hand knowledge are pariahs.
    Lesser minions to those who kiss the ring and sing Dear Leaders praises.
    At the deputy minister level,in Liberal and NDP governments, complete ignorance combined with total arrogance is the standard.
    And the politicians?
    If their assistant writes it,they read it, the new gospel of today.
    Thousands of Naked Emperors marching their imaginary armies across maps.

12. The “reserves” are still in the sand.

    The current regime’s position on hydrocarbons remains unchanged: Go pound it.

13. The US actually has oil reserves. Trump just authorized releasing some of that.
    So….the Cdn gov’t is pretending to do the same thing. Without bothering to find out that we don’t have oil reserves ready for release.
    All about announcements, perception, and zero facts.
    Come to think of it, maybe that is what they meant by “Net Zero.” Zero facts, just words, narratives, image, and wunnerful feeeelings.
    From “Elbows Up” to “Me Too!”

14. The oil companies, as it is have storage tanks, these are not reserves as the meaning goes.
    The producers have to have those to do business, store when the price is low and sell it when the price is higher. The pipelines, the rail they may have to wait and any other mode of transportation is not available 100% of the time, so they have to store it.
    Even then, they can’t hold on to it for long, they need cashflow.
    Position here is that free enterprise is mostly on the verge of disaster or bankruptcy, if things don’t work because the idiot politicians and bureaucrats throw logs along the way, for period of time they are in trouble.

15. “The Canadian government doesn’t seem to know anything about Canada’s oil industry.”

    No s$it Sherlock

    1. What possible reason would Canada’s government have to know anything about the nation’s greatest economic engine?

16. In theory, we have storage for between 62 million and 118 million barrels of oil.

    But, we produce somewhere in the order of 5 million barrels a day, only have refinery capacity for 1.9 million, and export 4.4 million barrels a day.

    I doubt anyone is paying to store oil if they don’t have to, in order to ensure they have proper feeds for the refineries and pipelines.

    Does anyone think we can increase production in the current environment?

    1. But what is that storage for? Not for emergencies. Canada is the only G7 nation that does not maintain a strategic reserve of oil.

       1. Well, we have no strategy, so strategic reserves are kind of pointless.

17. The Canadian government doesn’t seem to know anything.

    You could have stopped right there.

    1. Well that and anything they do know is either a lie or completely useless information.

       “Net zero” being one of them that covers both bases.
       It’s useless and it’s a lie

18. Bloomberg (I can’t access the article linked to, only the X/Twitter blurb) could have been more specific as to who in the Canadian Gov’t is asking Canada’s oil producers to “release the oil” … the way the headline is written it appears the entire gov’t of Canada thinks our oil producers are hoarding the oil in great containers, and has no idea of where the oil is held in reserve.

    It’s like they have no idea. Could it be that today all +40 commenters on a SDA thread agree that the gov’t of Canada is collectively an idiot?

    1. “It’s like they have no idea. Could it be that today all +40 commenters on a SDA thread agree that the gov’t of Canada is collectively an idiot?”

       More like “the gov’t of Canada is collectively malignant.”