Thursday, 21 November 2019

Why 2020 Could Be A Crisis Year For Canadian oil

 Alberta’s History of Squandered Opportunities

 We had 100 years of Alberta oil

 Economic cheerleading by federal and provincial politicians and the mainstream media on behalf of the oil industry is doing the public a great disservice

 We have to stop Lying 

 It’s time to tell the truth

 Because

  Canada has the highest debt levels in the developed world. 
This is no secret. 

Canada is the world leader in debt. 

Canada is #1 

Canada should be one of the Richest Nations in the World 

 In addition to oil.

 Canada has many other valuable natural resources 

 Here are the world rankings of Canada's natural resources:

 Potash, #1

 Uranium, #2

 Oil, deposit #3 (production #6)

 Nickel, #4

 Diamond, #5

 Salt, #5

 Zinc, #6

 Gold, #9

 Copper, #9

 The Canadian budget makes it abundantly clear where its revenues come from

 It's not from Canada's natural resources 

 It comes from you

 The vast majority comes from you and your personal income taxes.

 The Canadian Taxpayers Federation has found that 

 This is the first time in the history of Canada that a  

 Prime Minister has lied and worked so hard to

 Make other Countries Richer, and Canadians Poorer

 The World is laughing at us

 The World Thinks what 

The Canadian Government calls good business makes
China and Russia Look Good 

 Trudeau is a laughingstock amongst World Leaders.

 He's just a puppet to Foreign Investors

 He arrives in foreign nations preaching climate change,
Gender equality, progressive trade, diversity and inclusion.

Some governments are politer than others in telling him to hit the road and mind his own business.

He is not an emissary for the United Nations and does not speak for most Canadians.

Twice now Canada has voted in a Trudeau

 Every time Canada votes in a Trudeau 
Everyone in Canada Cries

This time

Your Children, Children will be 

Crying because they will have to pay for this 

 Trudeau government is pushing an agenda that is designed to hurt our nation.

Trudeau’s energy policies

 Foreign countries win and Canada loses.

“This is why the rest of the world is laughing at us,”

 Alberta's oil sands has the third largest oil reserves in the world, after Venezuela and Saudi Arabia.
Alberta's oil sands’ proven reserves equal about 
165.4 billion barrels (bbl).

 Economist Robyn Allan told DeSmog Canada. 

 96% of Canada’s oil exports go to the U.S.

 ‘Essentially we are giving oil away for free’

 Yet we’re spending billions each year on importing oil.

 This is why our Resource-Rich Canadian Government is Always Poor

 This is what Prime Minister Justin Trudeau
Is trying to sell Canadians

 The pipeline to Asia is Trudeau's biggest lie
National Energy Board Report

“Canada is truly divided now,”

This election divided Alberta and Saskatchewan into Conservative majorities

 For Canadians this was a Climate Crisis Election,

 More than 63% of voters supported parties with substantial climate change platforms.

 For the people of Alberta, Saskatchewan, 

 They voted for the 

 Trans Mountain Pipeline

 The one that Prime Minister Justin Trudeau

 Promise to Asian markets 

 Declaring the Trans Mountain pipeline is a matter of national interest

 The Trans Mountain pipeline is essential for Canada’s future.

Most Canadian Voters and 
Canadian oil producers want is a
Pipeline to Asia

 Because 

 Canadian oil is held ransom to a single, 

 Monopsony buyer in the U.S. 

 At a huge discounted price; 

 Essentially we are giving oil away for free’

Today you can thank 

 Prime Minister Justin Trudeau 
This is why the world thinks

Trudeau he's just a puppet to Foreign Investors

 This is what Canadians are really getting 

 It's the 15 billion dollar Backdoor to Washington State 

 This will 100% guaranteed that
“Virtually no exports go to any markets other than the U.S.,”

 It's Bankruptcy in Canada and Incredibly Profitable in USA

 Plus

  Alberta's Energy Regulator estimate the cost to clean up 

 Alberta's oil and gas industry may be $260 billion

Alberta is sweeping this problem under Water

That your children will have to pay for,

Trans Mountain Deal Was Structured to Bleed Billions from Canada
Today the majority of product now moved through the
Trans Mountain pipeline ends up in Washington hands.”

Washington refineries buying Alberta bitumen have some of The largest profit margins in the world 



Trans Mountain’s Puget Sound Pipeline:

BC.Gasoline and Diesel Prices Inquiry said

 The Trans Mountain pipeline it never had anything to do with
Asian markets 

 The Trans Mountain pipeline has everything to do with enriching U.S-.based refineries with 

 No value added in Canada.

 This is what Trudeau's Government calls good business 

 And this is why Trudeau is so proud

 Trudeau goal is to get the Cheapest

 Oil as Cheap as possible out of Canada as 

 Fast and as Cheap as possible 
To U.S-.based refineries

That's exactly what he is doing 

This is why

 Prime Minister Justin Trudeau

 Is building the Keystone XL pipeline and

 The Trans Mountain pipeline

 This 100% Guarantees that every drop of

 Canadian oil will be held ransom to a single,

Monopsony buyer in the U.S.

 At a huge discounted price;

 To guarantee that U.S-.based Refineries
Will take every drop of Oil

 Trans Mountain pipeline was intentionally understated.

 “It now guarantees a huge subsidy to shippers

 Through reduce toll rates,”

 This is why the

 Trans Mountain Deal Was Structured to Bleed Billions from Canada

 They also get


Federal and provincial subsidies 

tax breaks, royalty reductions and infrastructure credits 

to the oil and gas industry total $3.3 billion a year.



“Trans Mountain was a profitable pipeline system when Ottawa bought it,” 

 The Trans Mountain pipeline lost $75 million in the first nine months of 2019.

 Why?

 “Because Finance Minister Bill Morneau failed to ensure that

The toll settlement agreement between

 Trans Mountain and its shippers resulted in toll rates high enough 

To cover the cost of buying it,”

 Trans Mountain received $320M in government subsidies in first half 2019

 Ottawa has no idea how much the expansion will cost.


The proposed expansion to triple the pipeline’s capacity will add to the losses as taxpayers subsidize both construction and the fees companies pay to ship oil.

 Put all the costs together and the purchase of 

 The Trans Mountain pipeline has probably cost taxpayers 

 $8 billion in subsidies to oil and gas companies through unjustifiably low pipeline tolls.

 Canadian taxpayers are now paying 

 $1 billion for the Ocean Protection Plan.



When 96% of Canada’s oil exports go to the U.S.
By Pipeline and Rail

  (Even though no credible technology for cleaning up ocean oil spills exists.)

 Plus

 Alberta's Energy Regulator estimate the cost to clean up

 Alberta's oil and gas industry may be $260 billion.

 That your children will have to pay for

 It's how to beat the tax man and everyone in Canada

 Prime Minister, Justin Trudeau, 

 Tax favour that cut billions in value


 When Ottawa purchased Trans Mountain it bought shares rather than assets, 



Which Allan says benefited the indebted Texas firm. 



“Buying shares rather than assets reduced the taxes 

Kinder Morgan was required to pay on the sale,” 
she reported. 

But more importantly the decision 

“guaranteed a huge subsidy to shippers through reduced toll rates,” 

According to Allan’s reading of the regulatory documents, 

The tolls that the CER approved are based on a valuation of the 

Trans Mountain assets at $1 billion. 

Yet Ottawa paid $3 billion for the existing pipeline and $1.5 billion for the expansion plans. 

If the government had bought assets instead of shares, 

the full $3 billion would have been considered by the CER in setting tolls,

 Resulting in higher rates for shippers.

Allan found the decision means that shippers will pay $2 billion less per year in tolls over the next three years 
 at the expense of Canadian taxpayers.

 The loss will rise to $3.4 billion per year over the next five years, she warns.

Pipelines make money by charging customers tolls.

 The Canada Energy Regulator
(formerly the National Energy Board),
 Yet another federal agency, sets the rates. 

The regulator, known as the CER, set the rates for
Trans Mountain for the next three years in 2019.

Here’s the catch. 

Rates are set based on pipelines’ operating costs and the asset value of the pipeline and related facilities, with the aim of ensuring a fair return for the owners 

(and fair rates for the companies that ship oil or gas).


Allan found that by purchasing shares instead of assets,

Prime Minister, Justin Trudeau, and 

 The federal government ensured the asset value of the 

Trans Mountain pipeline was intentionally understated.

 That meant lower future tolls, she reports,

 “This Is a gift to refiners in Washington State"

The Trans Mountain pipeline is now a 

$7.8 billion dollar US per year Goldmine 

For Washington State

And Canada is paying for it 

 Trans Mountain will create massive potential profits for Washington State Refineries  

 Adding hundreds of highly-paid refinery jobs in the state.

 With an eventual capacity of 890,000 barrels per day, 

 U.S. refineries could pocket $7.8 billion US per year adding 

 No value to Canadian crude 

 Albertans aren’t told that 

 More than two-thirds or 71% of the ownership of Oil Sands production in 

Canada is now owned by foreign entities

This all started when

Stephen Harper signed  treaties with China 

That no other countries would dare sign

Agreement

 Fipa.

 FIPA] is not a free trade agreement

 But rather a bilateral agreement intended to



“Protect and promote” foreign investment





It was passed without a vote in Parliament.

[Fipa] which remains in place until 2045,

It was signed to ensure that China got a pipeline built

Among many other benefits.

Canada calls Stephen Harper:

 Canada's Oil’s worst enemy

Stephen Harper sold

Everything he could sell

Even our water

They now call him  Chairman Harper


It's all because

Obama administration halted construction on 

The remainder of the Keystone XL pipeline

How did he do this

In Canada


When everything is a National Security Secret

The Canadian Government Secret treaties are massive giveaways of

Canadian resources and rights with no vote in Parliament.

This is why the rest of the world thinks 

Canadians are dumb and dumber 

This has to end or Canada will be the next Venezuela

Oil by far the most important source of revenue for fossil fuel companies in Canada  

Is dominated by a handful of big players.

When the Keystone XL pipeline and

The Trans Mountain pipeline is finish 

Most of the benefits go to

 Foreign Entities and Big Businesses

BC.Gasoline and Diesel Prices Inquiry said

 The Trans Mountain pipeline it never had anything to do with
Asian markets 

It has everything to do with enriching

U.S-.based refineries with 
No value added in Canada.

Prime Minister Justin Trudeau
 Spend C$4.5bn (US$3.45bn) Plus
To purchase

Kinder Morgan’s Trans Mountain Pipeline

The existing 300,000 barrel per day pipeline

Because 

Canada lost the Keystone XL pipeline South

In 2015, on the eve of the international climate talks in Paris,

Obama administration halted construction on 

The remainder of the Keystone XL pipeline

A 800,000 barrels a day pipeline of crude to
 Terminals on the Gulf Coast.

Arguing approval would compromise America’s effort to reduce its greenhouse gas emissions. 

Trump reversed Obama decision soon after taking office in 2017, 

Saying the $8-billion project would boost

American energy and create jobs.

A presidential permit is needed because the project crosses a U.S. border.

Donald Trump issues new permit for Keystone pipeline

Why is our Resource-Rich Canadian Government  Always Poor

 Because

 Canada has one of the World’s 

 Lowest oil royalty rate structures .”

The royalties could amount to merely 1 per Cent

  “Canada is kind of a tax haven for Oil companies.”

The low rate that oil companies pay in 

Canada represents billions of dollars in potential revenue lost,

 Alberta’s oil and gas companies have figured out how to pull off  

 “bankruptcy-for-profit”— and it’s 

 The Biggest scheme of the century. 

 Industry manipulates the current system.

 It's Bankruptcy in Canada and Incredibly Profitable in USA

  Canada allows big players to continue to scam the system,

 Alberta is losing billions every year 

 Just to Fight “Air Barrels”  

 As Prices Continue To Plunge

The government estimates Alberta is losing

$80 million a day due to this discount,

Alberta will never be able to stop “Air Barrels”


Prime Minister Justin Trudeau 

Is building two more pipelines south

 The Keystone XL pipeline and

 The Trans Mountain pipeline

 Thanks to

 Prime Minister Justin Trudeau

 This will 100%  guaranteed that

 “Virtually no exports go to any markets other than the U.S.,”

 Economist Robyn Allan told DeSmog Canada. 

 96% of Canada’s oil exports go to the U.S.

 Most of it at a very steep discount.

 ‘Essentially we are giving oil away for free’

 Plus

 Canada subsidized the fossil fuel industry to the tune of almost $60 billion per year— approximately $1,650 per Canadian. 

 “Oil Companies in Canada will point to the jobs

They are creating rather than acknowledge they could be sharing more of their profits,

Which mostly goes to shareholders who are not even in this country,” 

 Alberta oil Jobs are backsliding
Last year, the oil patch shed 14 per cent more of its workforce.

 It's only 6 percent of the provincial total now.

 Alberta employs about 140,000 people in the oil and gas sector 

 The most obvious is the blowout in employment growth in the U.S. mining/oil and gas sector at 14.9 per cent since January 2017. 
Not true in Canada, where employment has fallen by 3.2 per cent
It cost Canada over 6 million barrels of oil a year
 To keep one person working 

When the pipelines are build it will cost 
Canada 5 times or more 

Just to keep one person working 

 Alberta's oil patch?

The Cleanup bill is greater than the

Value of the entire oil and gas industry

 It's $260 billion

$200 billion more than has been publicly reported.

Canada does not have the money so

Your Children, Children will be 
Crying because they will have to pay for this 

National Geographic said

 This is the world's most destructive oil operation and It's growing 

 When the Keystone XL pipeline and

 The Trans Mountain pipeline is finish 

 It's Guaranteed to be 
The most environmentally destructive Oil operation
In the history of man

 Oil companies just plan to pour water on it

 The Supreme Court of Canada says

 Owners must deal with old oil wells so

 The governing Alberta NDP and the official Opposition

 Told the provincial legislature Tuesday

 Alberta’s oil patch isn’t an emergency now,

 Because they now over 70 years to 

 Figure out how to clean up their tailings and reclaim the land.

 This is why

 Alberta policy unique in North America. 

Companies have no deadlines to clean up abandoned wells.

Oil sands waste is collected in sprawling toxic ponds.

Because they now have over 70 years to 

Figure out how to clean up their tailings and reclaim the land.

Oil companies plan to pour water on them

This is making Canada the laughing stock of the world

Because

What they are doing 


It's all because Canada does not have the 

  $260 billion to clean up Alberta’s oil patch

Alberta is sweeping the problem under 

Water for the next 100 years

 DIRTY OIL:

  Bank of Canada listed climate change as a threat to the Canadian economy

 Alberta’s total emissions, 

 And by that measure the province is doing terribly.

 Its oil sands alone did more damage to the climate last year than the entire economy of B.C.

 And Alberta’s per capita carbon emissions of 62.4 tonnes dwarf those of

  The U.S. (15.53 tonnes) or even Saudi Arabia (16.85 tonnes). 

 This is why 

 Canada was just ranked 51st out of 60 countries in the

  2018 Climate Change Performance Index

 Why is the Trans Mountain pipeline so valuable to

Prime Minister Justin Trudeau

When no other private investors would stepped up to take on the risk after 6 years of Looking:

It's the Backdoor to Washington State 
Because Canada purchased

 The Puget Sound Pipeline as part of the $4.5 billion deal for the existing Trans Mountain line meaning the decision to expand the spur line will fall on Ottawa.

 Trans Mountain’s Puget Sound Pipeline: Shipping Products to Washington State Refineries Since 1954

 According to data from the National Energy Board, an average of 295,600 barrels of oil per day was transported on the Trans Mountain pipeline in March 2018, the most recent month of reporting.

About 62 per cent of the oil went to Washington State via the Puget Sound Pipeline.

Another 21 per cent went to the Westridge terminal, 

 While the remaining 17 per cent was transported to Burnaby for distribution, refining or storage. 

 The Burnaby refinery, recently sold to Parkland Fuel by Chevron, has long complained about lack of supply because most of the oil is designated for exports.

Washington State’s Department of Ecology reported that between January and June 2018, an average of 163,500 barrels per day of oil was transported from Alberta via the Puget Sound Pipeline.

All of the oil that made it to Westridge was “domestic heavy,” or diluted raw bitumen from Alberta.

That’s opposed to “domestic light,” which includes conventional oil and bitumen upgraded into high-quality synthetic crude — and is primarily shipped to Washington refineries via the Puget Sound Pipeline. 

Some diluted bitumen also arrives at Washington refineries by tanker or barge from Westridge, with more shipped to California.

 Some oil is also transported from Alberta to Washington by rail.
In 2017 the state also shipped in 4,092,715 

 Barrels of product using Alberta oil trains.

 Between January and June 2018, 1.55 million tonnes of crude oil 

(the Port of Vancouver measures oil in tonnes rather than barrels) 
was shipped from Westridge on tankers and barges.

 Of that, 92 per cent went to the United States

 While 4.8 per cent went to South Korea in April 

And three per cent went to China in May).

This is an overall increase from previous years. 

For comparison, only 1.77 million tonnes of crude oil was shipped out of Westridge in all of 2017.



Gov. Inslee, who is co-chair of the U.S. Climate Alliance

Washington State Governor Jay Inslee endorsed

 B.C.’s push to block construction of the federally approved 

 Trans Mountain pipeline expansion.

 Why is he up here 

  Because Canada purchased

Their $7.8 billion US per year Goldmine 

 The Puget Sound Pipeline as part of the $4.5 billion deal for the existing Trans Mountain line meaning the decision to expand the spur line will fall on Ottawa.

Trans Mountain’s Puget Sound Pipeline: Shipping Products to Washington State Refineries Since 1954

  Refineries in Puget Sound will do anything to continue to get all of the
 Cheapest crude they can get their hands on. 

 Sending it by pipeline from the oil sands directly to the refinery 

 It's the easiest and the cheapest way to get crude here.

And Canada Pay for it 

 U.S. west coast refineries are the most profitable in the world

  Due to a relatively captive market and lack of competition

 Alberta oil processed by a coking refinery is much more 

 Profitable than other types of oil in the world  

 Up to $45 US per barrel 

At Puget Sound refineries: $24 per barrel,

 Compared to $10 per barrel for Bakken oil and 

$6 per barrel for Alaska oil.

 Using the more conservative crack spread of $24 per barrel 

Trans Mountain will create massive potential profits for west coast refiners. 

 Adding hundreds of highly-paid refinery jobs in the state.

 With an eventual capacity of 890,000 barrels per day, 

 U.S. refineries could pocket $7.8 billion US per year adding 

 No value to Canadian crude 

 Not surprisingly, 

Vancouver also has some of the highest retail gasoline prices in North America.” 

 British Columbia's Debt

 Kinder Morgan
 Backdoor pipeline to Washington State 

Trans Mountain’s Puget Sound Pipeline: Shipping Products to Washington State Refineries Since 1954

 The Trans Mountain pipeline has a southern leg
called Puget Sound Pipeline 

 Which splits off at Kinder Morgan’s Sumas Terminal in Abbotsford, B.C. and delivers tar sands to several refineries in Washington State, 

 Including the Ferndale Refinery (owned by Phillips 66),

  The Cherry Point Refinery (owned by BP),

 The Andeavor Anacortes Refinery 
(now owned by Marathon Petroleum), 

 The Shell Anacortes Refinery (owned by Shell Oil). 

 The Puget Sound Pipeline currently has a capacity of 170,000 barrels per day (bpd), but in the documents filed for its IPO in May 2017, 

Kinder Morgan indicated that they want to significantly increase that amount, according to 
Sven Biggs of Stand. Earth's Bellingham, Washington office.

 This has been the plan all along,

 But there’s also speculation that Puget Sound could become an export terminal of its own.

 In a widely published June 3 op-ed for Postmedia newspapers, 

 Thomas Gunton 
a former B.C. Deputy Minister of Environment
 decimated the Trudeau Liberals’ decision to buy 

Kinder Morgan’s Trans Mountain pipeline and build its expansion project. 

 But instead of urging that the Trudeau government stop this controversial purchase,

Gunton stated this: 

 “Ironically, 

 Their purchase of the pipeline may provide them with
one last chance for changing course

 If they insist on building TMX they could appoint a multi-stakeholder task force including

 First Nations to consider redesigning the project to reduce its worst impacts by scaling down the size of the expansion and directing increased shipments to refineries in Washington State. 

This would avoid tanker exports from Vancouver, 

 The Westridge terminal in Burnaby has serious depth restrictions that limit loading to Aframax-size tankers,

 which can only be partially filled with about 500,000 barrels.

Comparatively, BP’s Cherry Point terminal in 
Washington State’s 

Whatcom County can receive Very Large Crude Carriers (VLCC), with tankers docking in late 2017 
Carrying 900,000 barrels 

 Almost double the capacity of Westridge.

Reduce the number of Alaskan tankers 

through Georgia Straight,

And allow for the phasing out of the higher risk aging pipeline.”

 This suggested “redesign” to benefit 

 Washington’s major refineries may have been the plan all along, or at least since

 November 15, 2016 when Gunton’s former boss

 B.C.’s former premier Mike Harcourt 

 Suggested that Kinder Morgan and the federal Liberals “consider an alternate route”

  To avoid Kinder Morgan’s Westridge Terminal in Burnaby. 

 Even before Trudeau had given federal approval to 

Kinder Morgan’s expansion project,

Harcourt was here urging that the tarsands diluted bitumen (dilbit) be shipped
 “to either Deltaport or just across the B.C.
Washington state border to the Cherry Point refinery”
in order to avoid “insurrection” in B.C.

Westridge Marine Terminal 

 Located within Port Metro Vancouver the marine terminal is capable of accommodating ships up to Aframax-size

“The reality is those Aframax boats are not great for international shipping,”

 The truth is

 The Port of Vancouver can’t even physically fit 

 The size of tanker required to economically compete 

With other shippers of oil to Asia.

It cost 4 to 8 times more to ship oil from Vancouver to Asia

Vancouver will never be one of those ports. 

No VLCC or ULCCs will ever arrive to offload foreign oil,
Then upload Alberta bitumen for a backhaul trip to foreign refineries.

 So the pending Trans Mountain pipeline plan to triple oil sands exports, 

 And increase oil tanker traffic under the
Lions Gate Bridge up to seven-fold,
Is doomed.

 So is the plan to expand oil sands output by 40 per cent. 

 No amount of cheerleading, or demonizing, 

 Or pixie dust will change the raw laws of

 The Trans Mountain pipeline it never had anything to do with

 Asian markets 

 Economist Robyn Allan told DeSmog Canada. 

“Virtually no exports go to any markets other than the U.S.,”

 96% of Canada’s oil exports go to the U.S

 Most of it at a very steep discount.

 ‘Essentially we are giving oil away for free’

 It's Bankruptcy in Canada and Incredibly Profitable in USA

 Why aren’t companies shipping crude to Asian now?

 Because

 Alberta oil processed by a coking refinery was much more profitable than other types of oil in the world  

 Up to $45 US per barrel 

 At Puget Sound refineries: $24 per barrel,


 Compared to $10 per barrel for Bakken oil and 

 $6 per barrel for Alaska oil.

This is why the Trans Mountain pipeline is so valuable to the U.S.

 And they will do anything to keep it that way 
If this does not end Canada will be the next Venezuela

With a $260 billion bill to clean up Alberta’s oil patch

 Our nation has an employed population of 18.4 million, 

 Meaning the average working person would have 
To pony up $14,000 to pay for 

Alberta’s special relationship with the oil industry.

 We have to stop the blame game;

 Alberta's plight is our own doing

How many booms and busts does it take for a

Conservative government, in power for 44 years, 

 To acknowledge they have failed to both recognize the need for alternate markets for our oil

 Now we are building 

 The Keystone XL pipeline and
The Trans Mountain pipeline

 to the south

Essentially we are giving oil away for free

 This is why Canada will be the next Venezuela

It's time to recognize that

 Alberta is a oil state, with all its advantages,
entitlements, hubris and decades of quid pro quo
between the oil industry and the people in power

 For 44 years

 The Conservative government has been
Neglecting Alberta’s long-term well-being

 Nor is blaming the federal government
(in power for just over one term) for the lack of pipelines. 

 Royalties have declined from roughly 30 per cent in Lougheed’s time

 To close to one per cent in the last few years; and yet the

 Big Five 

 (Suncor, CNRL, Cenovus, Imperial and Husky)
continue to post billions in profits.

 Plus

 Canada is now Number ONE in the world for Subsidies

 Canada subsidized the fossil fuel industry to the tune of almost $60 billion per year— approximately $1,650 per Canadian. 

 Canada has one of the World’s lowest oil royalty rate structures .”

 It's Jobs over the Environment

 Alberta oil Jobs are backsliding

 Only 6 percent of the provincial total now.

 In 2017, approximately 140,300 people were employed in Alberta’s upstream energy sector. 

 Source: Statistics Canada, Survey of Employment, Payrolls and Hours.

 Last year, the oil patch shed 14 per cent of its workforce.

 An oil drillers' industry group predicts more than 13,700 job losses between 2018 and 2020.



 For Canadians this was a Climate Crisis Election,

 Alberta’s total emissions, 

 And by that measure the province is doing terribly.

 Its oil sands alone did more damage to the climate last year than the entire economy of B.C., 

 And Alberta’s per capita carbon emissions of 62.4 tonnes dwarf those of

  The U.S. (15.53 tonnes) or even Saudi Arabia (16.85 tonnes). 

 This is why 

 Canada was just ranked 51st out of 60 countries in the

  2018 Climate Change Performance Index

Election Shows Canadians Aren't Joking About 

 Wanting Real Action On Climate Change

 More than 63% of voters supported parties with substantial climate change platforms.

“Canada is truly divided now,”

 For  Alberta, Saskatchewan, it was 100%  Pipeline 

 The election divided Alberta and Saskatchewan into Conservative majorities

 Conservative's economic plan based on 

 Oil and the Tar Sands

 The Conservative caucus grew from 95 to 121 thanks mainly to gains in B.C.,
 Alberta, Saskatchewan, and New Brunswick. 

 But Andrew Scheer and his party lost support in the riding-rich Greater Toronto Area, and more widely across Ontario and Quebec.

 Andrew Scheer: Big Oil's secret weapon

 Asked about concerns over Trans Mountain pipeline's future due to minority govt, 

 Alberta Premier Jason Kenney says if the prime minister means what he said on election night about listening to the people of Alberta & Sask., 

 The clearest way is to commit to pipeline's completion

 The Kenney war room is another blatant political ploy against both climate science and free speech; ironically,

  It is partially funded by oil companies.

 Canadian producers want pipelines simply so they can capture the discount they currently lose on Canadian oil because their access is right now limited to only one export customer, the U.S.

 The truth is 

 The Trans Mountain pipeline will only make Canadian producers problem worst 

When the Trans Mountain pipeline is finish 

 It would follow the existing secondary route from Sumas, B.C. into Washington state,

 Taking Alberta oil to the three existing refineries in Cherry Point and Anacortes, Wash.

 Canadian oil would still be held ransom to a single, monopsony buyer in the U.S. at a discounted price; 

 It will cost Canadians $10 to $15 billion to get the
Oil to the
Three U.S. refineries with no value added in Canada.

 The campaign against Alberta oil is more about

 American economic interests than protecting the environment.
“About $90 million over the last 10 years

 Has gone towards various efforts to restrict oil and gas development and export

In an effort to land-lock Alberta oil so it cannot reach overseas markets, 

Where it would attain a higher price per barrel.

 Yet, it has also struck many of us as an odd thing that,
for the most part, those who are most vocally against one ship a day serving

 Canadian interests happen to be the branch-plant operations of powerful 

 American environmental organizations.

 Those groups, and the various billionaire foundations, seem to believe they know better than Canadians do about what Canada's economic future should look like.

 Thanks to

Prime Minister Justin Trudeau

 They now have 
The Keystone XL pipeline and

The Trans Mountain pipeline

This will 100%  guaranteed that

“Virtually no exports go to any markets other than the U.S.,”

The truth is 



The Trans Mountain pipeline it had nothing to do with

 Asian markets 

 Trans Mountain pipeline

 It has everything to do with enriching

 U.S-.based refineries with no value added in Canada.

 That is exactly what they are doing 

 It's Bankruptcy in Canada and Incredibly Profitable in USA






“The Big Five” 



Were performing relatively well 



"incredibly profitable corporations," 


Banking and paying out to shareholders
 $13.5 billion last year.


Alberta’s oil and gas companies have figured out how to pull off 









Prime Minister Justin Trudeau 



Said the pipeline will be expanded 



However, the Liberals still need to find $10 to $15 billion to build the pipeline.



It will create 2,500 temporary construction jobs over two years with 90 permanent jobs.



 But instead of ending at the Vancouver terminus,



It would follow the existing secondary route from Sumas, B.C. into Washington state,



Taking Alberta oil to the aforementioned three existing refineries in
 Cherry Point and Anacortes, Wash.

 Why

 For marine safety reasons, 



Oil Tankers In Canadian Waters

 The B.C. government proposed limiting any increase in shipments 



Of diluted bitumen amid concerns about spills.'


The maximum oil tanker cargo allowed through B.C.’s
Burrard Inlet is an Aframax class ship at 80 per cent capacity
Carrying 550,000 barrels, 



Only about one-quarter the load of a VLCC.



They can carry two million barrels at a time



Plus ULCCs are the largest tankers in the world and 



They carry up to 4 million barrels of oil.



It cost 4 to 8 times more to ship oil from Vancouver to Asia



Refiner in Asia would have to book and pay for four to eight tankers



Where would that leave Canadian interests? 

 Whatever risk there is to the Pacific Coast would simply be moved 60 miles south and put under American control; 

 Whatever economic and environmental benefits
Canadians might have enjoyed would be lost

Every planned drop of oil will still be produced;

Canadian oil would still be held ransom to a single, 
Monopsony buyer in the U.S. at a discounted price; 

 This will cost Canadians Billions

Those refineries are currently supplied by oil shipped down from the Alaska North Slope fields by boats that regularly transit B.C. waters. 

Production from that field is expected to decline by more than 150,000 barrels per day between now and 2026.

Oil tankers have been departing the Westridge marine terminal in Vancouver weekly since 1956. 

Additionally, bulk tankers come from Alaska, down the west coast of Vancouver Island, through the Juan de Fuca strait, past Victoria and into oil refineries in 
Cherry Point and Anacortes in Washington state


D2Ybx5iUcAAfTVd.jpg
Set aside the political argument for buying the 

Kinder Morgan pipeline and you’re left with a deal that makes no business sense to Canadians .

(The pipeline is 67 years old.) 

Without so much as a basic cost-benefit analysis,

Prime Minister Justin Trudeau
 Spend C$4.5bn (US$3.45bn) Plus
To purchase
Kinder Morgan’s Trans Mountain Pipeline
The existing 300,000 barrel per day pipeline

 Export Development Canada’s administration of a nearly
 $5 billion loan to support the government’s controversial purchase and operation of the 

Trans Mountain pipeline a 67-year-old infrastructure

Kinder Morgan estimates the useful life of its pipelines at
30 to 64 years

According to Kinder Morgan’s financial statements.

Kinder Morgan pipeline is not worth much more than
$1 billion,

 It's all because Obama administration halted construction on 

The remainder of the Keystone XL pipeline

A 800,000 barrels a day pipeline of crude to

 Terminals on the Gulf Coast.

Arguing approval would compromise America’s effort to reduce its greenhouse gas emissions.

Prime Minister Justin Trudeau’s repeated claims
that the pipeline was essential for Canada’s future.


The Pipeline has everything to do with enriching

U.S-.based refineries with no value added in Canada.


“Virtually no exports go to any markets other than the U.S.,”






This Pipeline will only make Canada's problem worst 

Oil will only go South to

U.S. refineries with no value added in Canada.

This is why

Alberta

The Five Big Canadian Companies


 Together they now control almost 

80 per cent of bitumen production

British Columbia


 Control approximately 90 per cent of the 

Market in Southern B.C. 

Therefore, the wholesale gasoline and diesel market is an oligopoly.”

These companies control all 15 primary storage terminals in the province “and, along with 

Federated Co-op Limited, control all the Bulk Terminals.

 (Bulk terminals handle smaller volumes of fuel supplied by truck.)


The companies’ dominance makes it effectively impossible for competitors to enter the market, the report found.

 “This oligopolistic wholesale market has the characteristics of a natural monopoly,” 

We had 100 years of Alberta oil

Canada should be one of the Richest Nations in the World 

In addition to oil.

Canada has many other valuable natural resources 

Here are the world rankings of Canada's natural resources:

Potash, #1

Uranium, #2

Oil, deposit #3 (production #6)

Nickel, #4

Diamond, #5

Salt, #5

Zinc, #6

Gold, #9

Copper, #9

The Canadian budget makes it abundantly clear where its revenues come from

It's not from Canada's natural resources 


It comes from you



Today Canada is just teetering on the boundary



Today our Current Outstanding Public Debt of Canada is approximate: 

697,735,366,381.26 CDN.



Believe it or not

Alberta


That the province tied royalty rates to the volatile price of oil.

  Today Alberta  

Will be $67 billion of debt by the time the 


Alberta is on pace to be $96 billion in debt by 2024


This is a dramatics change in fortunes for a province  

That celebrated being debt free 20 years earlier

Alberta: spending more than we really earn, since 1970

Moody's downgrades Alberta's credit rating, 
Citing continued dependence on oil

You know, until we can wean ourselves  off of royalty revenues to fund government operations,

 On Friday, unions were told to expect thousands of public sector job cuts.

PLUS


Canada Buys back the oil at Full Market Price 





The Alberta government collected more



That it did in royalties from oil companies 


Canada is now Number ONE in the world for Subsidies




In 2015, Barry Rogers of Edmonton-based Rogers Oil and Gas Consulting 

Warned the government that low royalties for bitumen simply encouraged 

The industry to export the heavy oil to
U.S. refineries with no value added in Canada.

That is exactly what they are doing 

It's Bankruptcy in Canada and Incredibly Profitable in USA

The growing discount has cost Alberta’s provincial treasury dearly 


Canada’s non-renewable energy resources 


Calgary Oil and Gas Execs want to keep it that way this is

Why



Canada oligopolistic wholesale market has the characteristics of a natural monopoly

It's the lack of Competition and Gouging to

 Because of "Air Barrels" 

Alberta is losing billions every year 

To Fight “Air Barrels”  


The government estimates Alberta is losing

$80 million a day due to this discount,


Alberta will never be able to stop “Air Barrels”

Instead of fixing the problems


Plus


“The Big Five” 

Were performing relatively well 

"incredibly profitable corporations," 

Banking and paying out to shareholders
 $13.5 billion last year.


 It's Jobs over the Environment

Alberta oil Jobs are backsliding

Only 6 percent of the provincial total now.



For decades, the oil industry denied climate science or that global warming was caused by burning fossil fuels. 

Today, they acknowledge climate change is happening,
 but are doing everything possible behind the scenes to ensure no action is taken, according to InfluenceMap. and everyone in Canada 

This “soft” climate denialism appears to have been embraced by Scheer and the Tories.

Anyone close to industry knows the
Western Sedimentary Basin is virtually empty and conventional companies have been losing money since 2009,

 Transferring low-producing wells to junior companies,
With growing numbers taking what they can and walking away
from clean-up obligations;

Again, our governments continue to turn a blind eye to the contractual clean-up obligations of the oil industry.

 Government and its so-called “arms-length” regulators
(specifically the Alberta Energy Regulator)
have been captured by the industry and the
Orphan Well Association (OWA), largely controlled by the industry,
is now lost in a sea of insolvencies, begging for public money.

Ironically, this lack of foresight, integrity and political will have contributed to distrust and loss of confidence from investors.

Every Man,Woman and Child will be Stuck

 With a $260 billion bill to clean up Alberta’s oil patch


The Alberta Tar Sands have been dubbed the largest 


Industrial project in human history



Oil sands Tailing Ponds Ticking Time Bomb for Canadians

Crazy Days in Alberta: 
The Poison Wells File

The Cleanup bill is greater than the value 


‘Hidden danger’:
582px version of InactiveWellsGraph.jpgThe Supreme Court of Canada said

Owners must deal with old oil wells so

The governing Alberta NDP and the official Opposition

Told the provincial legislature Tuesday

Alberta’s oil patch isn’t an emergency now,

Because they now over 70 years to 

Figure out how to clean up their tailings and reclaim the land.

The NDP and the United Conservative Party

Made the statements as they teamed up 

To shut down emergency debate on the issue,

Proposed by Liberal MLA David Swann. 

While Suncor’s mine will close down in 2033,

They have been granted until after 2100 to 

Figure out how to clean up their tailings and reclaim the land.

The NDP. Government of Alberta

Approved a tailings management plan for
Suncor Energy Incorporated, 

The oldest mining company in the Canadian tar sands. 

By approving this plan, 

Suncor will get an additional 70 years after their operations

Shut down to clean up the 

Environmental mess that they have created over
60 years of oil extraction. 

Canada's most shameful environmental secret 

They have been granted until after 2100 to
Figure out how to clean up their tailings and reclaim the land.

 It could take nearly 300 years for the industry to abandon 

All of its wells, let alone clean them up, 


Oil and gas companies can receive certificates for site clean up  


With the click of a button, 



Canada will not be able to live up to its

Canada was just ranked 51st out of 60 countries in the


Weighed down in large part by a certain oily elephant north of Edmonton. 





“That’s catastrophic levels of change in a short period of time.”

This is making Canada the laughing stock of the world

This is not normal':






Canada subsidized the fossil fuel industry to the tune of almost $60 billion — approximately $1,650 per Canadian.

Today it will cost you to clean up

Alberta's oil patch? $260 billion
$200 billion more than has been publicly reported.

In 100 years only $1.2 billion has been invested in Clean up

The Cleanup bill is greater than the
Value of the entire oil and gas industry

“Canada wants to be a climate champion and"

Canada does not have the money to clean up the oil fields so

Canada is sweeping the problem under Water

Because there is shockingly poor regulatory oversight and lack of ambition on 

Tailings management progress in Alberta,

 Tailings Ponds are Worse Than Ever

National Geographic said
This is the world's most destructive oil operation

This is due to an
Alberta policy unique in North America. 

Companies have no deadlines to clean up abandoned wells.

Oil sands waste is collected in sprawling toxic ponds.

To clean them up, oil companies plan to pour water on them


David Schindler, a former University of Alberta professor
 and renowned freshwater scientist and officer of the
 Order of Canada. 


Two Alberta courts previously ruled that private creditors of bankrupt 

Redwater Energy Corp. 

Were first in line for liquidated assets, 

Ahead of its obligation to pay for environmental cleanup.
This is the problem of taxpayers and Landowners.

The oil and gas companies aren’t setting aside the money to clean up 

Their own Mess

Guess who is going to pay for it?  

You guessed it: The rest of us so


In 1974 the Basel Committee was established by the central-bank

 Governors of the Group of Ten countries of the member central banks of the

 Bank for International Settlements (BIS), which included Canada. 

A key objective of the Committee was and is to maintain
“monetary and financial stability.” 

To achieve that goal,

 The Committee discouraged borrowing from
A nation’s own central bank interest-free


 All in the name of “maintaining the stability of the currency.”

Our Current Outstanding Public Debt of Canada is approximate:

$629,572,079,450.28 CDN.

Rather than creating money through the Bank of Canada interest-free.

Canadian taxpayers have paid one trillion, 

($1,100,000,000,000) in interest on the federal debt to private lenders.

 This accumulated debt was monies borrowed to service the debt,

Essentially a payment of interest on interest 

To understand how ridiculous the present situation is,

Consider the 1993 Auditor General of Canada report 


This “subsidy” to the private lenders must end.

The solution to this problem is simply for the government to stop borrowing
money from private lenders at interest and borrow from the
Bank of Canada at no interest. 

The private banks should also be prevented from creating money. 

That right should be returned to the People of Canada 

Through the Bank of Canada.



This is one reason why Canada is the next Argentina

The Government and the Oil industry has good reason to be alarmed. 

Young People Will Vote 



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Why 2020 Could Be A Crisis Year For Canadian oil Alberta’s History of Squandered Opportunities We had 100 years of Alberta oil Econom...

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    Why 2020 Could Be A Crisis Year For Canadian oil Alberta’s History of Squandered Opportunities We had 100 years of Alberta oil Econom...