Oil Production Cuts

[kertejud2]

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(and this is what I think will be the case until a conservative majority government gets in)

8th time's the charm, as they say.

[HiTempguy1]

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8th time's the charm, as they say.

Keep on pushing that liberal propaganda that no pipelines got built, if you lie about it long enough some idiot is liable to believe it eventually

Do you even have the self awareness to realize how idiotic of a statement that is?

[phreezee]

Watched it on Global and they had to cut away to footage of surface mining. It just reinforces the dated "Tar Sands" image which carries a lot of negativity. Fuck I hate Global.
Some one needs to send them footage of what a SAGD "Oil Sands" operation looks like.

[kertejud2]

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Keep on pushing that liberal propaganda that no pipelines got built, if you lie about it long enough some idiot is liable to believe it eventually

Do you even have the self awareness to realize how idiotic of a statement that is?

Conservative majorities haven't really been an indicator of a boom of major pipeline construction, especially 'tidewater' pipelines, and definitely not compared to minority governments (either Lib led or Tory led) or even Liberal majorities. Trans Mountain was a Liberal overseen project, Keystone's legwork was started by a Liberal minority and finished by a Conservative minority. Where do you get the idea a Conservative majority is what is needed when it wasn't needed to get the projects you can actually credit Harper's parliament's with.

[Buster]

Conservative parties in Canada face the same challenge that all parties in Canada do: the inculcation of bad/liberal ideas within the population.

[schurchill39]

I wish uncle Ralph were still alive. He'd have us sorted out right quick.

[kertejud2]

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Conservative parties in Canada face the same challenge that all parties in Canada do: the inculcation of bad/liberal ideas within the population.

[sexualbanana]

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Conservative parties in Canada face the same challenge that all parties in Canada do: the inculcation of bad/liberal ideas within the population.

So you're saying when the Liberals do something stupid, it's the Lberals' stupid ideas. When the Conservatives do something stupid, it's because of the Liberals' stupid ideas.

[googe]

The conservatives suggested 10% cuts, didn't they? So, the NDP are more conservative than the conservatives.

Also, both the Alberta NDP and the Trudeau Liberals supported the pipeline. The courts blocked it.

If you're going to point fingers, either point them in the right direction, or pick something that the people you're already pointing at actually did

[Buster]

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So you're saying when the Liberals do something stupid, it's the Lberals' stupid ideas. When the Conservatives do something stupid, it's because of the Liberals' stupid ideas.

Good policy decisions in Canada are difficult to implement for a government of any stripe because the population is a dangerous melange of economic illiterates, people who support native-land-claim-blackmail masquerading is treaty rights, and those with generally facile viewpoints on the role of government and how wealth is created. The average Canadian carries themselves with the vague stupidity of a sleepwalking person, happy to be force-fed platitudes about some sort of national pride. No smart politician can stay in power by telling the left-wing voters in this country what they don't want to hear. The truth hurts.

[Gestalt]

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8th time's the charm, as they say.

[Gestalt]

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Good policy decisions in Canada are difficult to implement for a government of any stripe because the population is a dangerous melange of economic illiterates, people who support native-land-claim-blackmail masquerading is treaty rights, and those with generally facile viewpoints on the role of government and how wealth is created. The average Canadian carries themselves with the vague stupidity of a sleepwalking person, happy to be force-fed platitudes about some sort of national pride. No smart politician can stay in power by telling the left-wing voters in this country what they don't want to hear. The truth hurts.

youd make a scary dictatror. lucky for us, you are just an internet troll. jesus, the im so much smarter then everyone else mentaitlity is like a disease among some members like you and sugar

[Misterman]

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I'm really torn on how I feel about this. On one hand I would rather the market correct itself, but I understand that that will be at the detriment to many Albertan's jobs and businesses will fold. On the other hand without government intervention then you have the big players throwing themselves on a sword for everyone and could potentially be charged with price fixing if they felt strongly enough to do anything about it (which we all know they won't do it if they are the only ones). I do not like mein Fraulein Notley anymore than the next guy, but I think she has a very difficult decision ahead of her and I do not envy her position.

The end goal is for production to drop, supply to diminish, and for us to eventually get a somewhat fair price for our product but I don't think there is any right answer for how we get there. Regardless.. something needs to happen.

Define correction though? A correction in our case, means smaller players going tits up while the big dogs in refining tough out the hard times, then they're the only ones left eventually and the supply can be handled by our shipping infrastructure and the price comes back to a world fair standard.

[Misterman]

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jesus, the im so much smarter then everyone else mentaitlity is like a disease among some members like you and sugar

Yet this is exactly the mentality you use to support all your dumbfounded opinions.

And what exactly is scary about a dictator that actually wants the nation and it's people to prosper?? I would argue it is far scarier to think of Dictators like the Socialist doughheads you worship, that want to bankrupt the people and make the government rich.

[msommers]

The only thing that's truly scary is the Gestalt's vote counts for the exact same amount as yours.

[ZenOps]

If I was in charge I would have gone full balls. 50% cut, send a message.

Not that I would have necessarily cut in the first place.

[mr2mike]

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Is it really not coming back though? Says who? We'll get Cons in power in couple years again and the US will have far left leaning Dems in power again and the cycle will continue once again.... Until that 40-70 year estimate is up again of course. But there should be a few more boom and bust cycles until then no?

It will come back but until then I can see Alberta and O&G becoming a ghost town.
Then it'll boom and everyone will complain they can't find any good 15 yr experienced employees.

It will change once everyone realized how priced out of life they are. Friend from California came up here for a few weeks and is shocked what the cost of food is like. For half of what we pay here, you could eat organic from Trader Joe's, no problem.

[phreezee]

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The conservatives suggested 10% cuts, didn't they? So, the NDP are more conservative than the conservatives.

Also, both the Alberta NDP and the Trudeau Liberals supported the pipeline. The courts blocked it.

If you're going to point fingers, either point them in the right direction, or pick something that the people you're already pointing at actually did

More of this "but they bought the pipeline, so they support Alberta" nonsense. Trudeau blocked Northern Gateway, enacted a tanker ban, killed eastern gateway, tabled bill c-69 and put all his eggs in the TMX basket. The BC NDP fucked us, and the Alberta NDP woke the fuck up. Then Trudeau fucked us with buying a 60 year old pipeline and stuck us with a $4.5B tax bill, which TransMountain bought for $600k. And here we are. The finger is pointed firmly in Trudeau's face.

[Brent.ff]

im curious.. how much is Canada making from revenue daily off of TM?

[HiTempguy1]

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It will come back but until then I can see Alberta and O&G becoming a ghost town.

No it won't. With oil demand peaking by 2050 at the latest, there is no way any new facilities in Alberta make sense beyond SAGD/insitu production methods. Those do not require nearly the man-power to build or operate. Companies like Total that pulled out, Shell, they are never coming back. Mining sites require decades of operation before being in the black.

It's safe to say that USA will be able to get up to 15mil bbl/day at the rate they are going. Projections are at peak on the high end to be 120mil bbl/day for worldwide use. Low end is 108.

As it sits now, Alberta has the ability to pump up to an extra 1mil/day if planned expansion projects push ahead, but their timeline for doing so is short as an expansion will take 3-5 years to be up and running, we're talking at maximum a 25 year payback period before oil use worldwide begins to drop (and a serious disruption in solar or batteries/energy storage will accelerate this) and we don't have remotely close to the pipelines necessary to push that out to market which will take easily 3-5 years for any new pipelines to be built that haven't already been approved. USA can add another 4mil/day within a year or two, let alone another 20 years.

And of course, there is the holy grail of fusion which is still actively being worked on, with some promising results the past year or two, so electricity could (in theory) kick oils ass all of a sudden if 1 or 2 technology breakthroughs occur.

Until recently, I wouldn't have been this pessimistic. But the oil companies know what they are doing, and dumped Alberta like a pile of shit exactly because of these things.