The whole world understands strategic energy supplies – except for Canada

[Locutus]

"India knows. China knows. Russia knows. The US knows."

By Kate on January 4, 2017 10:46 AM | 31 Comments

The world's media treats new energy supplies like an infinite number of $100,000 prizes landing in your lap. We will never be short of energy, because there is always a new major discovery - Angola, Kazakhstan, Brazil, shale this and that, etc. - to meet rising demand. And they have been sorely needed, because oil demand has grown by 10 million b/d in the past decade alone.


These big discoveries are getting rarer and smaller, while the world continues to rely more and more on fossil fuels. All the major discoveries listed in the last paragraph combined don't offset demand growth over the past decade, never mind offsetting natural declines. This fact remains true despite the ungodly furor made over renewable energy and electric vehicles, which are hardly gaining traction despite massive incentives and media hype. This fact also is not lost on hugely populous countries, particularly China and India, which are nervously eyeing the world's oil supplies and buying up whatever crap comes on the market (apologies, Spyglass).
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Which brings us to Canada...


http://www.smalldeadanimals.com/2017/01/india-knows-chi.html#comments

 

[captain morgan]

In many regards, Canada is in a great position right now.

In the long term, Canada still has the opportunity to get pipe to tide waters on all 3 coasts and while others are capturing market share today, the production will inevitably decline leaving an opportunity in the future.

Right now, it sucks, however, once a few producers have shot their load, the price will rise and those that maintain large reserves can take advantage of it for years to come

 

[Dirt]

Loc C&P....shock!

 

[Cannuck]

Much to do about nothing. It's not Canada's oil, it's Alberta's and Rachel will be gone in a couple of years. We will be getting Keystone so we won't need the ROC. All is good.

 

[Bar Sinister]

Much to do about nothing. It's not Canada's oil, it's Alberta's and Rachel will be gone in a couple of years. We will be getting Keystone so we won't need the ROC. All is good.

Last time I checked Alberta was a part of Canada. Did I miss the independence day parade?

But you are right - it is much ado about nothing. Green energy sources are inexhaustible and increasingly being developed.