If proof was ever needed that the Liberals could not care less about the oil patch, this is it.
…oilfield service companies have been hit hard by Ottawa’s retaliatory tariffs on U.S. products — including 25 per cent tariffs on imports of steel and sand used in hydraulic fracturing operations…
[Fracking operations] require operators to import millions of tonnes of high-silica frac sand, primarily from mines in Wisconsin and Minnesota.
Heh.
This is a lost spring for planning.
Industry would be nuts to proceed,until we see who wins.
As all investment remain under threat,should the Liberals retain power.
Indeed John. That’s the big picture now.
It’s been a wasted decade. With the pro-business Trump administration, and the potential continuation of backward Lib policy, the exodus of more Capital from Canada could get extreme. And that would further devastate our Pesos value.
This country is financially illiterate, at least the Liberal half.
DanBC: “And that would further devastate our Pesos value.”
I’m still calling dibs on the first Canadian $10,000,000,000,000 note.
You know inflation is bad when your pay envelope weighs more than you do. But on the bright side (there’s always a bright side), the politicians need envelopes and brown paper bags so large that they can no longer hide the bribes. “Back the truck up, Mac. Just put those pallets of cash in the garage.”
If I owned a oilpatch service company I’d be breaking my ass looking for alternative sources instead of whining like a baby.
Scar two things are apparent:
1. You’re really stupid. You would never own any kind of company unless you were a paid up Librano and only sold services to the Feds. Any corrupt idiot can do that and most do.
2. The reason for 1. is weight. You cannot move that over land very far due to the prohibitive cost of transportation, it’s a mite heavy. There might be a lovely mine in say lower shitholistan somewhere, but if it cost twice what the output is to ship it, you don’t do it.
Retard. First google hit – Canadian frac sand. That was tough.
https://sil.ab.ca/frac-sand/
If they could supply what was needed, they wouldn’t be importing. Importing costs money and is subject to customs delays, currency fluctuations, in Canada’s case down, then down, then down.
From the article: “Fedora said it could take a decade and hundreds of millions of dollars in investment in Canadian sand mines to replace the supply from the U.S. “There is no Plan B to U.S. sand; the product simply does not exist and so we have to continue buying it,” he said. ”
But what would he know????
See? The tariffs are good because, by making it difficult to produce oil, they help fight climate change! Unfortunately, there are knuckleheads who actually believe that.
Oh the humanity.
“Wisconsin white silica, sometimes called “Ottawa White,” supplies roughly 90 per cent of the Canadian frac sand market.”
And that illustrates Scar’s point and Peter’s Typical Canadian whining. A true entrepeneur would say “use to supply 90 per cent of Canadian frac sand ’cause I am going after that business” The frac source mentioned in Scar’s link is located such that Regina is equidistant to their frac sand supply in Northern Alberta and the one in
Wisconsin.
It is unlikely that the overall costs are the same otherwise they would have already done it.
The only thing illustrated here is typical Canadian laziness & stupidity.
We are our own worst enemy.
How does it make sense to impose tariffs on things that must be imported because they are not available locally?
It doesn’t. But Carney “is so smart”.
He’s doing a great job “negotiating strongly” with Trump.
Western separation looks better and better every day
Natural resource powerhouse Canada is short of dirt.
Liberals would run out of sand in a desert