I get why you admire Justin your all about the Optics say what makes you sound good no matter how much BS it is

Back in the old days when he was banging biker chicks and leaving classified documents laying around.

+1
Fwiw , beside a very tiny base , Bernier was always consider an idiot in quebec, shrug .

Well maybe not an idiot but not a bright dude let’s say ….
Disconnected!

Pure ideology.

What's the blatant lie? Is it a lie that even with current oil prices if the NDP continued on their planned spending the deficit would have been 6 Billion?

Canada won the resource lottery, Alberta is in Canada. It's an utter embarassment for Canada that we have failed to take advantage of this over the last decade. Imagine Canada supplying Europe and the US with oil and natural gas instead of Russia!

I want to play whataboutisms with you two also: In the context of the innocent civilians being indiscriminately slaughtered in Ukraine, perhaps our definition of what constitutes a national emergency needs to be rethought.

Dont u learn anything from The disaster of US shale ?

Alberta is pulling money because Russia is stuck , Iran still « cant » sell (legally) on the market and Saudi is underproducing .

The last decade it was not so, oil was much cheaper and alberta wouldn’t see much profits because the cost of producing is much higher than other countries .

Alberta game isn’t about producing more ( like kennney stupidly said today ) , those prices won’t last….., it’s about using profits of today and make something out of it ( an effective sovereign fund this time ? ) instead of just stupidly lowering tax for couple years and the the wealth ding gone through consumption , ending with nothing for it in the end ….

I won’t start to make up to date research but that link should provide u proof that our Canadian oil isn’t that competitive at all .
We are in the biggest cost ratio to produce oil .
So if Canadian would make a ton money , why would foreign countries would let you do so by not over producing ?

https://www.statista.com/statistics/...ing-countries/

Around 10$ for Saudi and Kuwait , irak and Iran little over 10$ , Libya Venezuela around 20$ Etc…
Canada around 40$ …

Yeah those number are for 2015 but I doubt comparaison between all countries changed much .
It just give u an idea that pushing oil producing wouldn’t change much anything if all u do is drive the price of oil down , reducing your margin of profits to begin with …

But many ****** politician think record high price in the last 10-15 years is « normal » and sustainable and not temporary …..
So they base nonsense promise that can’t be accomplish and have the audacity after to say it’s other provinces fault !
Wtf …,

Alberta should seriously think on what to do with those excess now instead believing oil price will stay that high for 20 years .
It’s not possible to predict at all , highly likely it won’t last like it never those .
Oil is cyclical .

There are quite a few social media memes aimed at the trucker protesters (turned broader group against all COVID mandates). Most of them are taking shots at what is their rather weak case for a "freedom" fight compared to what Ukrainians are dealing with. I have not seen any memes about relative heavy-handiness of the gov.

It is a bit of a catch-22 for the protesters. If they wanted to play a card that speaks to overreach with the EMA, then they probably end up on the losing end because they would then have to draw parallels between mandates they didn't like vrs fighting for you life against an invading force.

Also, considering the bravado that many of the protesters had, combined with the fact that they got swept out of Ottawa in less than 3 days with no serious injuries, I doubt they want any coverage right now.

I do think both the NDP and Conservatives in Alberta spend recklessly. Though I guess Trudeau was right " Budgets can balance themselves"

Reality is Canada will never have a balanced budget at the federal level without the resource revenue from many provinces and territories. AS well when Oil is over $75 a barrel its coming out of the ground and will be shipped by rail.

Interest rates are set to rise will see how Canadians feel about that and how that effects the interest payments on all the debt we have

There should be no doubt AB squandered the bigger opportunity they had. Or better yet took the greedy path of buying votes via short term immense profits for citizens TODAY, over re-investments for the Province over all and generations to come.

Kline understood people can and will be short sighted, when you offer them personal riches and that is a big abdication of gov'ts role to be more strategic and think longer term. AB should be rocking a significant Norway like Sovereign Fund that could be deployed to build it out as a leader in Green Tech and AI tech and other select areas.

Heck that sovereign fund could even be used to keep all the legacy investors in traditional Oil and gas assets happy, as the ones with the most money who always try to bend gov't to not focusing anywhere else but on the 'next' up cycle for oil and gas. They have so much 'sunk money' in that when things turn down they see the gov'ts only role as helping them weather the storm to the next big profits up cycle and they will never stop pressuring for that. Instead the sovereign fund could have focused on turning Canada also into a leader (as we were considered with Nuclear Power Plant Tech) on ways to best 'Green' you traditional oil and gas assets.

But that said the blame is not all on AB as you have Provinces like QB and many individuals like uke who would always fight AB and any initiatives they undertake as there is a great resentment within much of Canada towards the Province and its more wealthy people. The rest of Canada is eager to grab as many petro bucks as they can while at the same time pushing measures for AB to make petro bucks.

It is so ridiculous that will see Canadians fight even measures that would instantly 'Green' and reduce CO2 emissions world wide (pipelines) simply out of scorn that it would mean more profits for the Province. They convince themselves, naively that if they can prevent the industry being more efficient and getting greener that maybe they can stop it entirely which is not the case. The production will continue and just be more polluting with less profits for AB and less money for other Canadians then. Money that could be used by the rest of Canada to also Green.

Sadly most of the 'well meaning' but 'naïve' Canadians do not know that they are being manipulated by huge amounts of money coming in from competitive OIl and Gas resource areas which want to keep AB oil as expensive and polluting as possible so that their oil assets get a higher price.

There is no denying that the biggest benefactors from Cdn citizen resistance to improving AB Oil and Gas resources are Russia and SA and US Shale.

Every bit AB would advance in that area in driving down cost and improving and greening assets would both benefit Canada more and take more resources away from those worse options. A smart Canada SHOULD be fully on board that. But sadly we do not have a smart Canada in this area. We have a politicized one and old AB resentments driving this.

Cupee , how many bilions more u want to invest in oil , without saying all the of billions spend in oil in the end till now , we are still indebted like today ?
look what alberta need to have A balance budget ?
Over 100$ a baril ? Wtf….
It ain’t oil the problem …..

Focusing on oil to be a major component of the economy where the world is aiming at is the problem .
and knowing Canada will never be competitive enough to be a real leader in oil market like Saudi and all the top dogs , to me it will a be massive mistake to spend tens of billions for an sector of the economy that we know do not have expanding growth ahead .
Not to mention canada oil isn’t even in the top quality product …

Oil is a good asset but let not think we could become all millionaire with what we have either ….
The future ain’t there but using oil as mean of helping us to turning our energy and economy to a more sustainable plan is tho .

That is the wrong question. I am not fan of the oil economy but i am a pragmatist. Did Norway make a mistake with their approach to investing in and supporting their O&G assets?

In Canada we have this schizophrenia towards O&G where every one has their hands out and eagerly grabs up whatever they can of the revenue it drives while at the same time trying to destroy or make the assets uncompetitive in a wrong headed belief that it will stop production.

It DOES NOT stop production. What it does is make our production more polluting and puts less dollars in the Provinces of Canada's coffers.

It is lose/lose.


I think you understand the 'cost' you cite goes down substantially if things like Pipelines and other improvements are embraced and not fought.


What you say above is the problem.

I don't disagree with it. But it is ideological and not pragmatic.

If I could snap my finger Canada would not be a resource based economy and that revenue would all be replaced by other streams. If we magically could have equal wealth, I would make that happen.

But reality is we are and have been Oil and Gas based. That does not mean we should always be but the path to not being so is what Norway did. You invest in and optimize your assets and take in as much money as you can from the industry and then use that money to diversify.

What is wrong and ridiculous to do, is the way most Canadian activists look at it. They want to destroy the profits of the industry in the misguided belief it will shut down. And then they want a Green economy that is there in its stead. They don't connect that the Green economy (new economy) is best funded in transition by the old. It would be many of todays current O&G based corporations, along with the upstarts who lead into that new world just as will be Tesla, along with all the major ICE manufacturing Auto Companies who will transition the world to EV vehicles.

The market is about to be flooded by EV's by legacy companies not named Tesla in ways that will radically change the EV landscape.

This is how the Canadian activists thinks and what the result is and why it is short term:

- we don't like these ICE vehicle manufacturers so we want to slow them down, deprive them of profits and hope to shut them down
- Now that we have accomplished that these ICE manufacturers do not have the profits to transition to more EV's and so they stick to ICE
- Tesla and other startups continue to build EV"s but adopting is slower and being fought by the ICE companies

The reality is that despite Tesla being the flash point that accelerated this EV turn it will be the legacy ICE makers transition that really makes it world changing. If you truly want to see the world changed from ICE to EV you want the ICE Manufacturers well funded for this change and not starved of cash because you don't like ICE and want to punish them.

Most Canadians cannot see this Forest (end point of success) for the trees (hate of Oil and Gas, hate of ICE) and thus do things that are harmful to real change.

Trudeau announced *unlimited* visas for Ukrainians fleeing giving them 2 year work/study visas. Excellent. Bunch of other little tidbits on tightening the sanctions screws and the trickle of western arms into Ukraine too. Canadian response has been really, really good.

Other good news is conservatives gave the shaft to the weasel poilievre who had trying for a quick leadership election (as the massive current front runner) but they aren’t going to do it until September leaving plenty of tjme for the other heavyweights who didn’t spent the last few months planning how to stick the dagger in O’Toole’s back to join in.

Yeah when he does something like the 2 year visa's it makes you proud to be a CDN

Well of course Pierre wants a quick vote and I agree its not needed. Actually I have been impressed with acting leader. They should be doing anything than can to get Rona Ambrose in the race.

Record high fuel prices, hopefully people use their carbon tax rebates smartly and buy a Tesla.

This, this, so many times this.

Canada, and especially Alberta, need to be moving away from oil (and LNG in BC and elsewhere), but it doesn't happen overnight. We shouldn't be making massive investments in the industry that will take many decades to pay back economically and/or environmentally, but that doesn't mean we make no investments.

Who's we? Plenty of people and companies are willing to take on the risk and invest, it's government policy/rhetoric that hinders and/or stops it.

Also I am not sure where this idea that oil shouldn't be invested in or we need to get off oil and natural gas comes from (Russian propaganda perhaps). Canadian oil producers have led the industry in emission reduction and intend to be net zero by 2050. The amount of innovation that has happened in the last decade is amazing, between cutting emissions and lowering costs it's impressive to see, and we are just scratching the service of emission cutting technology.

Fantastic messaging by the Conservatives. This will win people over along with the insane prices at the pump and utility cost.

Well trudeau about 20 billions for that pipeline now …….

Cupee , the oil market as change btw from the time Norwegian was able to amass massive wealth from oil .
As it become higher and higher price , Saudi and the likes will flood the market , busting those that try to steal too much market shares with a high production cost .
That is what happen with US oil shale .

Canada got low quality oil with high production cost .
It’s all fine to invest for small adjustment but it’s totally delusional to think Canada can become like Saudi, Iran , irak ,Russia, Norway or the like .
That time as pass .

If alberta uses those profits today just to reinvest in more oil investments instead of using it to turn around their economy (I’m not saying to stop producing oil ) they will hit a brick wall .

Those prices won’t last anyway , much better to maximize those profits now in diversification of the economy .

I got oil stocks , I’m proud of Canadian oil , it’s a great asset , but it’s a cyclical one and not one u should base your budget on at 100$ barrel.

We would be everybody. Be it government or industry, if it's going to take many decades to pay back economically and/or environmentally, it probably shouldn't happen. I guess if it's industry, and there are no subsidies, and it doesn't mean some new environmental cost, then I don't care if they want to throw their money away, but I don't imagine that's going to happen.

Oh FFS, dude. If you want to argue that climate change isn't a thing or that oil and LNG are no problem to the environment, then make that argument. Don't waste our time with "I am not sure where this idea comes from...Russian propaganda perhaps" nonsense.

If I understand it correctly, this means net zero to extract the oil. That still leaves the much greater environmental costs when the oil is used.

So I am not going to argue Canada's oil is ideal nor will I argue Albertans and their gov't are properly long term focused, but I will tell you that even with AB very selfish focus, in putting the bulk of the money in CURRENT citizen hands rather than investing in the future and transition, lots of money was going into diversification.

I have been involved in the Start up business scene and Angel and Venture capital markets that support it, and i can tell you there are few places in Canada you can raise money for a new venture for like you can in AB in good times. Pre 2015 (oil price plummet) there was so much money brimming out of the populace that you could raise money for almost any idea. You get more Restaurant Chain concepts coming out of AB per capita and so many other investments. Their, then, burgeoning AI tech sector was attracting a ton of money from private investors.

Would it have been better through a systemic gov't approach similar to how Norway did it, yes. But money was still being directed to growth and diversification simply because investors want some diversification from O&G assets.

I also fear your argument now is the same one that has been used for decades. A reason to not invest in what we got and to not continue to try and drive costs down (thus allowing our product to become ever more uncompetitive) and to instead pull all the money out for diversification which points the sector into a trap. I am not saying you are trying to trap the sector purposely, but I believe many are. If you can stop investment and cost cutting measures and are letting your assets become more and more uncompetitive you then start a clock by which you better transitioned, ready or not, because you really will lose your world O&G market. Even if there is another boom in O&G you may not be able to participate or might just break even on your sales.

I prefer transition from strength, and not weakness. We are not Saudi Arabia, nor Norway but our proximity to the US matters. Our access to the Chinese market will continue to matter because if they hit their growth and continue to transition their population to the middle class, like it or not, they will need a lot of O&G for a long time. And ethics matter, or at least they should. The closer our pricing is to other oil sources the more the ethical considerations can come into play. If prices diverge too far then no ethics calls will matter.

I do look at this as a parallel to the auto industry.

Tesla should get credit for being the spark in the EV revolution but the actual world change will not come from Tesla and other emerging companies. It will come from all the legacy giant auto Co's converting the majority of their product to EV. If instead the legacy companies were beat up and lacked investment to transition and we just waited for Tesla and others to take all their market share it would take much, much longer.





Electric cars are more popular than ever, but Tesla is losing market share to new competitors

Shifty is dead on here if the federal government would have a clear set of rules.... Problem is and we can debate if rightfully so but lets say Justin Trudeau was correct in putting in the new rules for large scale projects and the environment. Sadly once Teck Frontier had met all the conditions he still refused to approve it. He refused to even deny it. If you put those rules in place than follow them .
The market dictated it would not be built but might they now build it?

As well when Quebec has massive projects like a concrete facility that will dramatically effect Quebec's emissions No federal review required.

Even look at TMX it met all the environmental rules and a majority of Indigenous groups were for it but a small minority that were not getting $$$ opposed it. Now its in the governments hands and we all knew the costs would shoot through the roof once they got involved.

A combination of deception and utter loss of moral authority from Poilievre. Big fancy announcement that he will - shocker - abandon the carbon tax. Throughout the presentation and tweets, the continual spin is that this is about saving Canadian's money from all that #justinflation. Not once have I seen him even acknowledge the existence of the fact that the carbon tax is mostly revenue neutral, and that by cancelling it yes you cancel the tax but you also cancel the rebates. There are big arguments for or against the carbon tax, but refusing to ever address more than half of the balance the bill makes is completely deceptive.

And of course does he have any plan to replace it? Nope. Nothing. Nadda. Zilch. At least O'Toole pretended and came up with his own feckless fake carbon tax-lite plan that his base hated. He could claim the conservatives had some plan even if they didn't like the Trudeau plan. But Poilievre isn't even pretending.

Sadly, lozen has pre-determined that he will vote for Poilievre, as the presumed nominee, no matter what.

The odds of us figuring out a smart way to take advantage of the opportunity before us is near zero. I think hard hard time are upon us. Of course I'd take our hard times over Ukraine's.

Shocking new poll that should have been nearly pointless: who do you support in the conflict, ukraine or russia? As expected, massive super majorities of all parties support ukraine.

Except one.

For PPC supporters, only 58% could figure out that Ukraine is the one we should be supporting. I suppose it isn't surprising, this is the anti-establishment party who doesn't believe in climate change or vaccines or anything the horrible main stream media would say so it isn't surprising it bleed out here too. And their leader is going around calling Trudeau as fascist and Freeland a nazi. Unforgivable (and let's never forget that lozen's reponse to this was a WHATABOUTISM). I don't even really mind that there is a party to collect the nutjobs together and hopefully bleed away conservative support just like the greens do for NDP and Liberals. But damn.

If it was so efficient to put now the money in people hands and they will by themselves create a diversified economy , why did not happen and they got stuck with deficit and much slower economy since the previous bull market of oil ?

All they do , like in US is spend it ….once they have no more -> lower taxes please , creating more deficit .

After they start nonsense war between provinces with no sense arguments

If what you are saying is true about them creating new economy without government help , it didn’t happen for decades !
May I remind you they already are at the top of the income in Canada and still they need a 100$ barrel to break even ?

Something do not add up when you are already at the top earners and suffocate without record oil prices .

What makes you believe this time it will be a different results ?
Hell , already Kenney uses again the same old arguments about oil like it’s 1970s ….