$30 barrel oil?

[vengie]

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lulz

https://globalnews.ca/news/4038135/b...-to-venezuela/

lulz x2

https://www.thepostmillennial.com/tr...ustry-suffers/

Ugh. This country is utterly hopeless.

[sabad66]

So apparently Kenney has been hinting at providing financial backing of a major O&G project. Second lifeline for Teck Frontier??

[killramos]

That doesn’t sound good for anyone.

[ExtraSlow]

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So apparently Kenney has been hinting at providing financial backing of a major O&G project. Second lifeline for Teck Frontier??

Funding frontier is a worse idea specifically then funding other oil and gas projects in general. The last thing this province needs to spend government dollars on is a bitumen mine.

Better ideas, in no particular order:
- A "top-up" funding of the orphan well association
- Several large NatGas-fired power plants
- A gas-to-liquids (diesel) plant
- Domestic LNG plants for powering remote communities

To be clear, I don't think the government shoudl fund ANY of these projects, but if they MUST waste the money, there are so many better places than Frontier mine.

[killramos]

I would rather Kenney de-bottleneck NGTL if money is burning a hole in his pocket.

At least you could sort of rationalize that as infrastructure.

[Brent.ff]

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So apparently Kenney has been hinting at providing financial backing of a major O&G project. Second lifeline for Teck Frontier??

this made me laugh so freaking hard when i heard it on the radio. Don't forget this when the feds bought TEMP. "Speaking in Edmonton, Kenney blasted the federal plan as “a taxpayer bailout,” and said it was regrettable the situation had come to that."

https://edmontonjournal.com/business...nd-gas-project

So to confirm, elect a Conservative government to state-own resources?

haaaaaaaaaaaaa

[ExtraSlow]

Governments buying projects after they become uneconomic because of governments. This is not sending any positive signals to the investment community.

I'm not sure there's any truly principled people anywhere on the political spectrum, but this makes my skin crawl as someone who identifies as a free-market conservative.

[never]

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this made me laugh so freaking hard when i heard it on the radio. Don't forget this when the feds bought TEMP. "Speaking in Edmonton, Kenney blasted the federal plan as “a taxpayer bailout,” and said it was regrettable the situation had come to that."

And further hypocrisy of the Kenney government is that they are doing the exact some thing to Prosper Rigel that the feds were doing to Frontier.

[sabad66]

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Funding frontier is a worse idea specifically then funding other oil and gas projects in general. The last thing this province needs to spend government dollars on is a bitumen mine.

Better ideas, in no particular order:
- A "top-up" funding of the orphan well association
- Several large NatGas-fired power plants
- A gas-to-liquids (diesel) plant
- Domestic LNG plants for powering remote communities

To be clear, I don't think the government shoudl fund ANY of these projects, but if they MUST waste the money, there are so many better places than Frontier mine.

totally agree with you there. a brand new oilsands mine with world oil prices as they are today just doesn't jive with me at all. your suggestions would be much better use of public money if they really feel like funding something.

[ExtraSlow]

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And further hypocrisy of the Kenney government is that they are doing the exact some thing to Prosper Rigel that the feds were doing to Frontier.

Decisions like these should not be in the hands of politicians at any level. Clear laws and guidelines need to be set up, and then approval should be automatic once those guidelines are satisfied.

- - - Updated - - -

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totally agree with you there. a brand new oilsands mine with world oil prices as they are today just doesn't jive with me at all. your suggestions would be much better use of public money if they really feel like funding something.

If the goal is employment and some kind of stability, vastly expanding the orphan well association funding and mandate would work for those. You could create a few thousand local jobs easily.

[lasimmon]

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If the goal is employment and some kind of stability, vastly expanding the orphan well association funding and mandate would work for those. You could create a few thousand local jobs easily.

There's a fed annoucement about this coming soon. It doesn't really create jobs though. Especially not thousands.

[never]

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Decisions like these should not be in the hands of politicians at any level. Clear laws and guidelines need to be set up, and then approval should be automatic once those guidelines are satisfied.

Yup...otherwise, what is the point of the regulatory process? Teck could have saved 10+ years by just asking the politicians if they could go ahead with their project without putting together a detailed submission, consulting/engaging, addressing IRs/SOCs, going through a hearing, etc.

[Buster]

This is unsurprising as Jk is a Red Tory who really just wants to move into Federal politics. He'll never take a hard line against federalism since he sees that as his ultimate destination.

JK and Trudeau share more than either would like to admit. Neither are leaders...they're just politicians.

[ExtraSlow]

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There's a fed annoucement about this coming soon. It doesn't really create jobs though. Especially not thousands.

Guess it depends on the way it's structured. I could come up with a plan that creates a thousand jobs. But maybe I'm not thinking like a politician.

[Tik-Tok]

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The rest of Canada does not want oil development of any kind, anywhere, ever. And they are willing to support Federal politicians who want to see that become reality.

I would counter that the vast majority of Canadians don't really care one way or the other and aren't actively voting for politicians who are opposed to O&G, but it's just a side effect of who they are voting for, or rather, against.

[revelations]

"The Trudeau government’s willingness to consider oil and gas expansions in Africa (a country that is noted for it’s poor record on human rights) whilst expressing a lukewarm attitude towards Canadian energy projects, may create a strong reaction back home."


HAHHAHHAA, no it wont. The eastern voters dont give a crap about this.

[lasimmon]

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Guess it depends on the way it's structured. I could come up with a plan that creates a thousand jobs. But maybe I'm not thinking like a politician.

Well, the government will certainly claim that there will be a ton of jobs created, but in reality there won't be.

You may jump from 10 to 15 rigs for example but are you creating jobs? Not really. Considering industry isn't 100% utilized.

[AndyL]

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"The Trudeau government’s willingness to consider oil and gas expansions in Africa (a country that is noted for it’s poor record on human rights) whilst expressing a lukewarm attitude towards Canadian energy projects, may create a strong reaction back home."


HAHHAHHAA, no it wont. The eastern voters dont give a crap about this.

Actually the twitiots on the left get really upset when you point out his save the world plan involves spending money on foreign development of oil and gas. Showing GoC is sending $ to China to build more coal fired power plants really pisses them off

The peakoil fools definitely don't like Trudeau dumping money into these projects abroad.

Maybe they're not so stupid, just poorly informed

[dirtsniffer]

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lulz

https://globalnews.ca/news/4038135/b...-to-venezuela/

lulz x2

https://www.thepostmillennial.com/tr...ustry-suffers/

first article is from 2018. was a little awkward when I shared it with a coworker.

[Misterman]

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Funding frontier is a worse idea specifically then funding other oil and gas projects in general. The last thing this province needs to spend government dollars on is a bitumen mine.

Better ideas, in no particular order:
- A "top-up" funding of the orphan well association
- Several large NatGas-fired power plants
- A gas-to-liquids (diesel) plant
- Domestic LNG plants for powering remote communities

To be clear, I don't think the government shoudl fund ANY of these projects, but if they MUST waste the money, there are so many better places than Frontier mine.

What is a "gas to liquids (diesel) plant"?