Canada's Oil Reserves Attract U.S., As American Media Talk

[bluealberta]

Re: Canada's Oil Reserves Attract U.S., As American Media Ta

As I understand it, again from people in the patch, was that the "sweetheart deal" as the Rev refers to it was made to allow the companies to take the money they would have paid on royalties and put it back into exploration and R&D, until the cost of their capital expenses was recovered. I realize this is a Readers Digest version, but instead of giving money to a government, the government allowed the companies to use that money to expand. Not really a horrible deal, as as been portrayed, especially given that the return on that "investment" has made Alberta debt free, with no sales tax, low income tax, and surpluses. That is the conservative method, allow business to do its job, and reap some of the benefits down the road, instead of raping corporations right off the bat.

 

[bluealberta]

Re: Canada's Oil Reserves Attract U.S., As American Media Ta

That's not why gas is "discounted". It has nothing to do with "discounting". It has everything to do with economics.

Nonsense. You yourself admitted that we will end up importing gas to heat our homes in the future. I realise that you place value only in the profit of corporate entities, but I place value in keeping my my toes.

The point I was trying to make about the imported gas was that we shouldn't be worried from an environmental standpoint because we can continue to import LNG as a clean-burning source. What you want to do is be able to substitute as much oil for gas but we don't have the infrastructure yet to handle large volumes of liquified natural gas. I don't know if Blue is correct or not, but if we truly have 100 years of gas, then its nothing to be worried about, at least for a long, long time.

I can only go by what the boys on the ground tell me, and I am not about to drive around Alberta counting capped wells. :wink:

 

[Reverend Blair]

RE: Canada's Oil Reserves

Not a lot of people are backing up the 100 years of gas thing...not as consumption rates keep increasing. Much of it is also sour gas, a lot of it requires expensive extraction techniques, and there is a problem with water consumption as a result of those techniques.

We should be very worried from an environmental standpoint though. If that oil was being extracted, then burned to create electricity with the pollution being sunk back into the earth (a technology we already have) it would be a completely different story. We aren't doing that though. Instead we are using our clean energy to extract dirty energy that we then sell to one of the few nations on the planet that is even more environmetally destructive, on a per capita basis, than we are. There is nothing environmentally friendly about that.

Importing LNG because we've squandered our domestic clean energy source is stupid. It makes no long-term economic sense. It is a huge negative environmentally.

 

[PoisonPete2]

RE: Canada's Oil Reserves Attract U.S., As American Media Ta

We can always Nationalize our oil reserves and express our sovereignty. The Liberals were supposed to end NAFTA 12 years ago. Lets not be tied to bad agreements. The U.S. ignores International Treaties at a whim. Then we end this stupid gun registry and we would then have 10 million armed Canadians to protect this nation. If you can hit a duck a a hundred yards, you can shoot the invaders.

 

[I think not]

Re: Canada's Oil Reserves Attract U.S., As American Media Ta

The Liberals promised you they would end NAFTA so they can get elected, just like any other politician.

 

[Jay]

Re: RE: Canada's Oil Reserves Attract U.S., As American Medi

We can always Nationalize our oil reserves and express our sovereignty.

Cause the government always runs things so smoothly...

The government in Canada could own all the gold mines, and they would still loose money at it.

 

[bluealberta]

Re: RE: Canada's Oil Reserves Attract U.S., As American Medi

We can always Nationalize our oil reserves and express our sovereignty.

Cause the government always runs things so smoothly...

The government in Canada could own all the gold mines, and they would still loose money at it.

Yup, nationalize everything. Scariest thing I have heard on this forum yet. Keep the government out of business. Period.

 

[Reverend Blair]

RE: Canada's Oil Reserves

Christ you conservatives are predictable. Not too bright either. The man made a suggestion and not one of you put up a valid reason for not wanting to consider it.

Are you guys really that intellectually bankrupt or are you just so ridiculously dogmatic that you think you can get away with this kind of brainless shit?

 

[bluealberta]

Re: RE: Canada's Oil Reserves

Christ you conservatives are predictable. Not too bright either. The man made a suggestion and not one of you put up a valid reason for not wanting to consider it.

Are you guys really that intellectually bankrupt or are you just so ridiculously dogmatic that you think you can get away with this kind of brainless shit?

Okay, here is an example you should love. The government tried to grow pot a few years ago, and could not do what most potheads can do in their backyard or on the back forty.

Any government that cannot even grow weed, for cripes sake, should not be allowed to get involved in anything. Period.

 

[Reverend Blair]

Re: Canada's Oil Reserves Attract U.S., As American Media Ta

Okay, here is an example you should love. The government tried to grow pot a few years ago, and could not do what most potheads can do in their backyard or on the back forty.

Do you get paid for getting things wrong, Blue, or are you just too lazy to actually learn the truth?

I say again, Are you guys really that intellectually bankrupt or are you just so ridiculously dogmatic that you think you can get away with this kind of brainless shit?

 

[Toro]

Re: RE: Canada's Oil Reserves

Christ you conservatives are predictable. Not too bright either. The man made a suggestion and not one of you put up a valid reason for not wanting to consider it.

Are you guys really that intellectually bankrupt or are you just so ridiculously dogmatic that you think you can get away with this kind of brainless shit?

Okay, here's a reason. The nine energy components of the TSE/SP60 have a market value today of $185 billion. That's nine companies. Throw in all the the income trusts and smaller companies and you are looking at around $225 billion. That of course does not include the oil deposits owned by foreign companies, which probably has a market value that puts you near $300 billion. Of course, if you want to buy everything, i.e. nationalize it, you'll have to pay a premium. Deals are getting done at a 15-20% premium above market price. That gets you to around $350 billion. That excludes debt. The enterprise value of Canadian oil companies and deposits would be somwhere around $500 billion. The federal government collected roughly $200 billion in taxes. Total federal debt is what, $300-$350 billion.

What's the argument for nationalizing now?

 

[mrmom2]

Re: Canada's Oil Reserves Attract U.S., As American Media Ta

Toro you should start astock and investment tips thread :wink: You sound like you really know your stuff 8) Got any good tips?

 

[Reverend Blair]

Re: Canada's Oil Reserves Attract U.S., As American Media Ta

f*cK,Toro...I had no idea you new Denny.

 

[mrmom2]

Re: Canada's Oil Reserves Attract U.S., As American Media Ta

Denny who Rev? :?

 

[Reverend Blair]

RE: Canada's Oil Reserves

Just a guy I know who wants to get rich so badly that he'll do anything, and I mean anything, to make a buck or two.

 

[Jay]

Re: Canada's Oil Reserves Attract U.S., As American Media Ta

Christ you conservatives are predictable. Not too bright either. The man made a suggestion and not one of you put up a valid reason for not wanting to consider it.

Are you guys really that intellectually bankrupt or are you just so ridiculously dogmatic that you think you can get away with this kind of brainless shit?

Don't worry about us Rev....we manage just fine.


The suggestion isn't a “brilliant” one, and it is by no means is an original idea.

Didn't the government used to run Petro Canada?

As I've said before...the Ontario government had to threaten the L.C.B.O. that it would privatize them if they didn't start turning a profit; the government can't sell booze at a profit. The Crown Corporation of Ontario Hydro was sunk 30 billion in debt....how far do you lefties want to sink this country into debt anyways?

Were not playing that game anymore, the gig is up.

 

[Toro]

Re: Canada's Oil Reserves Attract U.S., As American Media Ta

Toro you should start astock and investment tips thread :wink: You sound like you really know your stuff 8) Got any good tips?

Yes. Don't take any tips from some anonymous guy on a forum. You'll save a lot of money that way.

 

[mrmom2]

Re: Canada's Oil Reserves Attract U.S., As American Media Ta

I research all tips I get before I invest Toro :wink: So do you have any or what

 

[Toro]

Re: Canada's Oil Reserves Attract U.S., As American Media Ta

As I've said before...the Ontario government had to threaten the L.C.B.O. that it would privatize them if they didn't start turning a profit; the government can't sell booze at a profit.

That's just amazing. I used to sell imported beer for a living to the LCBO. We'd wholesale a flat of cans for $4.20 and they'd retail it at $28, nearly double what the retail price was in the States for the exact same product. Of course, the government skimmed off a lot. I seem to recall their take through taxes being something like $800 million, though I could be wrong. I also think that LCBO workers were deemed "essential services" and could not strike because liquor is so lucrative to the government, though again, I could be wrong on that.

 

[Toro]

Re: Canada's Oil Reserves Attract U.S., As American Media Ta

Didn't the government used to run Petro Canada?

Yes. I think the Canadian government sold the rest of its shares a few years ago.

But PetroCan was one of many oil companies in Canada. Trudeau set it up in the 1970s so the Canadian government could have eyes and ears into the industry. It turned into a fat-bloated crown corporation. Its doing fairly well now since they got an American to run it. :wink: