Ouch

4 Replies to “Ouch”

1. Incentives in O&G are a response to attempting to stimulate the industry. The industry would require no stimulating if it wasn’t being robbed blind by every level of government.

   Aside from the carbon tax theft (using the moronic anti-scientific lie of anthropogenic global warming as the justification), there are myriads of costly regulations imposed upon it. Such as anti-slavery reporting, Extractive Sector Transparency Measures Act (ESTMA) reporting, reams of emissions reporting (both provincially and federally), and programs requiring the replacement of perfectly functioning equipment with shitty, inferior low-emission equipment, such as pneumatics, as well as being made to purchase and operate combustors (types of incinerators).

   On another note, new schools, hospitals, and roads are only req’d if the native population increases, which hasn’t happened in decades. Instead we are being overrun with illiterate low IQ and low/no skill immigrants, mostly from the Indian subcontinent.

   Governments long ago received all the revenue they’d ever need for basic infrastructure. Today they piss away every new dollar and pretend they continue to require that level of funding despite blowing it mostly on interest payments and various kickback scams, in addition to purposely, pointlessly, and permanently growing the size and bloat of gov’t.

   SK should have been swimming in money from previous decades, with the interest payments from good investments made with the money paying for all the things you mentioned in the article. Instead people blame the golden goose for not continuing to lay golden eggs forever at the level to which they’ve become accustomed.

   1. A multi-lateral well program is hard to cover without taking sides.

2. Meanwhile:
   https://x.com/MarioNawfal/status/2036250393831940491

   Remember me saying months ago that what development is decided on for the future will not matter in the now?
   Looks like Europe will be having some sleepless nights, oh well.

   PS. that means Europe will not be in a financially secure spot to help you, Canada, to build…oh well

3. It continues to surprise me that with centuries of empirical evidence to the contrary in hand that governments continue to think they understand anything about the things they regulate or are any good with business concepts.