Oil Giant Reports Net Loss
- Thread starter mentalfloss
- Start date
How much you paying for gas these days ? No cars on the road where you live ?
So you don't have a point then.
My point is simple, business is business. In a highly competitive market, like we have now with over-supply and under-consumption, the products with the highest production costs feel the pressure first. That's oilsands for us, we're seeing the same sort of problems as shale oil in the US. Production slips a bit and investors get nervous. Without investors the banks get nervous. With everybody getting nervous there's no money to keep the show running. A train running by your house once a day isn't enough.
My point is simple, business is business. In a highly competitive market, like we have now with over-supply and under-consumption, the products with the highest production costs feel the pressure first. That's oilsands for us, we're seeing the same sort of problems as shale oil in the US. Production slips a bit and investors get nervous. Without investors the banks get nervous. With everybody getting nervous there's no money to keep the show running. A train running by your house once a day isn't enough.
Every morning all across North America people get in there vehicle for the trip to work , that is not going to change soon . Where there is demand there will be supply . If it doesn’t come through Line 5 ,it will come other ways .
Almost all freight is transported by oil based vessels , through the air , sea or land , this is not changing soon .
Government regulation set to stifle Alberta’s ability to move it’s oil doesn’t stop it , it just makes movement less efficient and more costly . Certain sectors that support left leaning politicians profit mind you .
Almost all freight is transported by oil based vessels , through the air , sea or land , this is not changing soon .
Government regulation set to stifle Alberta’s ability to move it’s oil doesn’t stop it , it just makes movement less efficient and more costly . Certain sectors that support left leaning politicians profit mind you .
Line 5 transports Western Canadian oil on the most part and the dispute is over an anchor
Once the Fauxdemic is over and Biden's policies kick in prices will rise again
Just a piece of information;
- one rail car holds 700 barrrels
- most tanker trucks hold 130 barrels
Takes a lot of rail cars to replace one p/l operating 24 hrs a day.
Alberta doesnt have plain Jane crude or heavy oil? It's all bitumen?
Good thing a second line is being built or all the oil would go to Washington State instead of Barnet Inlet in Burnaby.
I'd hate to be living without Natural Gas heating today. Bit crisp out on the Prairie.
Has food gotten any cheaper? Input costs into food production fell 30-50% in the past 4 quarters.
Weather was great, yields great, logistics fell, labour abundance, trade stable and currencies decent.
That's just food.
Has you average grocery bill plummeted?
Without industry demand, why havent any of my day to day subsequent energy or life costs in general been falling?
Sweet fuck all for Fed, Provincial or Municipal infrastructure advancements, cops and EMS arent blowing gaskets trying to keep up, everybody who isnt hiding in the closet or losing their marbles are blitzed on free flowing liquor, dope, take out and mind numbing media.
Shit is about to hit the fan.
SOmething about a couple of oil tax scams adding to the price of everything. But thats OK, the peons can eat cheap factory food.
I have also noticed that there is a covid tax on almost everything now.
So I guess everything is rosy then. Suncor must be cutting all those jobs for pandemic distancing.
You're panicking now where were you a couple of years ago when we were sold out
It's all apart of the great reset
California has the third highest electrical rates in the USA. There's been ugliness between California & British Columbia over this for years also. http://globalnews.ca/news/395756/bc-hydro-loses-265-million-lawsuit-in-california/ & http://www.cbc.ca/news/canada/briti...ys-750m-to-settle-california-claims-1.1378482
Many California municipalities are now banning Natural Gas starting with new constructions for appliances & Heating forcing them to go electric to replace Natural Gas, & the push to ban gasoline vehicles also forcing those to go electric. California is already is dealing with electrical shortages and rolling blackouts and unaffordable electrical rates even when subsidized by Canadians through lawsuits. http://www.realclearenergy.org/arti...orsen_californias_poverty_problem_501330.html
California currently can only produce about 2/3'rds of it's own electricity and will shut down it's last Nuclear Power plant (Diablo Canyon) in 2024 so it will need more electrical imports going forward even just with its current rates & consumption. Subtract Natural Gas from this equation and their demand for imports of electricity will increase dramatically. Supply & Demand, with increased demand and reduced supply means....??? As currently almost 1/2 of California's own electrical generation comes from Natural Gas turbines http://en.wikipedia.org/wiki/Energy_in_California
Where will this increased demand for electricity in California due to their woke choices come from? As of 2019, California natural gas plants supplied a third of the state's total demand for electricity, (almost half of the state's in-state generation) and supply the state with 41,000 megawatts of installed capacity. Because renewables cannot generate power 24/7, and it is cost prohibitive to install enough solar panels, wind turbines and batteries to supply sufficient electricity to ensure "resource adequacy" during extended cloudy or windless periods, researchers have estimated that the state will still need between 17,000 and 35,000 megawatts of natural gas fueled generation in 2050. http://www.eia.gov/todayinenergy/detail.php?id=46156
Many California municipalities are now banning Natural Gas starting with new constructions for appliances & Heating forcing them to go electric to replace Natural Gas, & the push to ban gasoline vehicles also forcing those to go electric. California is already is dealing with electrical shortages and rolling blackouts and unaffordable electrical rates even when subsidized by Canadians through lawsuits. http://www.realclearenergy.org/arti...orsen_californias_poverty_problem_501330.html
California currently can only produce about 2/3'rds of it's own electricity and will shut down it's last Nuclear Power plant (Diablo Canyon) in 2024 so it will need more electrical imports going forward even just with its current rates & consumption. Subtract Natural Gas from this equation and their demand for imports of electricity will increase dramatically. Supply & Demand, with increased demand and reduced supply means....??? As currently almost 1/2 of California's own electrical generation comes from Natural Gas turbines http://en.wikipedia.org/wiki/Energy_in_California
Where will this increased demand for electricity in California due to their woke choices come from? As of 2019, California natural gas plants supplied a third of the state's total demand for electricity, (almost half of the state's in-state generation) and supply the state with 41,000 megawatts of installed capacity. Because renewables cannot generate power 24/7, and it is cost prohibitive to install enough solar panels, wind turbines and batteries to supply sufficient electricity to ensure "resource adequacy" during extended cloudy or windless periods, researchers have estimated that the state will still need between 17,000 and 35,000 megawatts of natural gas fueled generation in 2050. http://www.eia.gov/todayinenergy/detail.php?id=46156
California is using NG and nuclear powerplants for generation and desalination.
They are stuck with NG or nuclear.
Without them they'll run out of potable water in a short time.
Can Desalination Plants Quench California's Thirst For Water In A Clean Way?
California’s drought is spawning a slew of proposed desalination plants to create potable water from seawater, including one coming up in Santa Barbara. Just how clean are these facilities and what is their impact on ocean life?
www.forbes.com