. . . and the buyer is, .. . . who? China and India have other sources that are involved in other trade deals as well. That leaves South America and we are doing more to suppress development than hooking them on quality and quantity of a variety of Canadian made goods.
Poor LIE-BERALS BLATHERING about nonsense while their political future is mired in an Alberta tar pit!!!!!
Consider:
Here is an article illustrating how the federal LIE-beral party intends to “spin” the tale of the Kinder Morgan pipeline with the intention of deluding Cdns! Some Toronto (RED) Star writers have asked what they think are clever questions and I have answered them! With my comments in brackets):
Key questions asked about Ottawa’s takeover of the Trans Mountain pipeline project
By Bruce Campion-SmithOttawa Bureau
Tonda MacCharlesOttawa Bureau
Alex BallingallOttawa Bureau
Toronto Star
Fri., June 1, 2018
OTTAWA—The federal government launched a rescue plan for the stalled Trans Mountain pipeline expansion, pledging $4.5 billion as a down payment on its political vow to move more Alberta oil to markets. The Star answers key questions about the move:
How much will it actually cost beyond the initial $4.5 billion?
(Since LIE-berals have told us- in 2015 that they want to close down the entire Alberta oil patch and take Canada away from any use of fossil fuel I suggest that there will be NO further pipeline costs once the $4.7 billion bill is paid to Kinder Morgan!)
Kinder Morgan's Trans Mountain marine terminal, in Burnaby, B.C. Who would be on the hook for a spill?
(Since LIE-berals do not intend to ever complete the pipeline it means there WILL BE NO OIL TO SPILL! Hence NO COST for clean ups! And since Kinder Morgan was simply trying to expand its EXISTING operations and not starting something new- the same regulations it previously operated under can remain in place! )
The $4.5 billion committed by the federal government simply buys the Trans Mountain pipeline and assets associated with the work done so far on the expansion. Some $1 billion has already been spent on work to twin the pipeline and analysts say it could take another $6 billion to $7 billion to finish. But there are other potential costs, even if Ottawa succeeds in finding another company to take on the project. The Trudeau government will extend indemnity or insurance to cover any “extraordinary” politically-motivated delays caused by any province or municipality, and will even promise to buy back the project if it confronts losses in the courts or cannot complete the project despite “commercially reasonable efforts.”
(AS I mentioned- LIE-berals have NO intention of finishing the pipeline! If they did want the pipe finished they would have cleared away the protestors and allowed Kinder Morgan to proceed with their business! AND- LIE-berals could have saved us $4.7 billion dollars in purchase price by letting Kinder Morgan proceed! And LIE-berals could have saved us a lot of ink and a lot of political postering as they pretend to seek a new buyer prior to the 2019 election!)
(Reality is LIE-berals are just stalling till after the 2019 election! LIE-berals know that the pipeline and their despised carbon crap and trade tax scam will be major election issues! LIE-berals figure that if they win in 2019 that will be mandate enough to KILL Kinder Morgan as they desire! If LIE-berals lose then Kinder Morgan becomes a problem for somebody else- and it looks like LIE-berals WILL NOT be forming a majority govt in 2019- it actually looks like they will be defeated based on current polling!)
Some critics argue that, in addition to actual project costs, the price tag should include the $1.5 billion over five years that Ottawa committed to a new Oceans Protection Plan, which beefs up coastal safeguards for Arctic and Atlantic waters as well as Pacific ones. It was a key demand by the former B.C. provincial Liberal government as a condition of its agreement to the project.
(Again- if LIE-berals kill Kinder Morgan there will b e no need for Oceans Protection plan! But its worth pointing out that NOBODY has complained about implementing strong environmental protections! Nobody whines about Canada having stronger oil production legislation than most other countries!)
In the event that the government does not find a buyer and gets stuck with the pipeline, is it a good investment?
(Generally speaking pipelines are a good and profitable investment- but that assumes govt will actually build it! As it currently stands it is simply a nest of costly pipes stirring up controversy and tax bills- that will NOT be finished!)
Federal officials hope to find another private sector company quickly, one with a greater appetite for risk than Kinder Morgan, to take on the project. If that fails, Canadian taxpayers will be the proud owners of a pipeline. Walid Hejazi, an associate professor at the Rotman School of Management, said that pipelines typically have “enormous returns.” The Trans Mountain pipeline now has a “revenue requirement” of $287 million in 2017, the amount needed to cover its operating costs and produce a 9.5-per-cent return on equity, according to the National Energy Board. But governments have many priorities, and they all cost money, so tying up $4.5 billion may not be the best use of government money over the long-term.
(A 9.5 percent return on pipeline investment? Looks pretty good compared to the 0.08 percent your local bank offers on savings!!!! Assuming the pipeline is built! As for risk- why not simply let Kinder Morgan finish what it started- except LIE-berals would have to clear away protestors so there will be NO new buyer!)
How many jobs for Canadians will be created?
The Canadian government says the project would create 15,000 new jobs during construction, and 440 permanent jobs a year during operation. And, Ottawa says, the pipeline expansion provides support to “thousands of jobs” in Canada’s crude oil production sector and supply chain. The company struck about $300 million in mutual benefits agreements with about 43 Indigenous groups. But a 2015 study done for Metro Vancouver and B.C. said the job prospects were overstated, and construction of the pipeline would produce only around 4,000 new positions in the province.
(But of course LIE-berals DESPISE Cdns who work in the oil industry and want to shut down all those jobs that LIE-berals scorn as primitive and bestial!)
What are the benefits for getting more petrol out to the coast?
About 97 per cent of Canada’s proven oil reserves are located in the oilsands, and 99 per cent of Canada’s oil exports go to the U.S., according to the Canadian government, which says the discounted oil equals a $15 billion a year hit to the Canadian economy. The theory is that if more Canadian oil can be shipped to coastal ports, with the possibility of being sold directly to energy-hungry Asian markets, especially China, Canada would fetch a better price. According to Natural Resources Canada, Canadian oil sells for $26 U.S. less a barrel than U.S. oil, and the price difference is costing Canada’s oil sector up to $40 million a day in lost revenues, says the government, citing market studies. Moving oil by pipeline, rather than by rail, is projected to save companies $1 billion a year. Then there are royalties projected to result from the pipeline expansion, which will triple the capacity to ship heavy, light and refined petroleum products to Vancouver. These are estimated to be about $46 billion.
(All this oil revenue and the tax revenue and jobs generated are at the heart and soul of the federal budget surpluses we enjoyed prior to 2008! Yet LIE-berals would rather ruin us with grotesque debts than make a profit from oil!)
What does this do for the already modest climate targets?
According to a November 2016 report from Environment and Climate Change Canada, the total upstream greenhouse gas emissions of the expanded Trans Mountain pipeline would be between 21 megatonnes and 26 megatonnes per year. Of that, 13 to 15 MTs would come from the expanded pipeline’s extra carrying capacity, the report says.
(Considering that current Cdn emissions are over 700 megatonnes annually and rising steadily anyway another 21-26 megatonnes inst a huge issue! Especially when we CAN drastically reduce Cdn emissions by the simple expedient of cutting back on gravy for civil service union Hogs! There is an increasing body of evidence to indicate that airplane travel- whether hauling passengers or cargo- is the most significant single source of pollution on the planet! Cut back on gravy for our frequent flyer Hogs and air travel shrinks and the air is cleaner! With no need to battle it out with Cdns over idiot Carbon crap and trade deals that only clean cash from wallets and leave the dirt in the air anyway!)
And while department’s projections from last December show Canada is already on pace to fall short of its 2030 emissions target — the projection says it will hit 583 MTs, instead of 517 MTs, that year — Environment Minister Catherine McKenna has repeatedly said extra emissions from the Trans Mountain expansion fit within the government’s climate action plan. That’s because Alberta’s NDP government is proposing a hard cap of 100 MTs of annual emissions from the province’s oilsands to meet the 2030 target. New emissions from the pipeline would have to be offset by reductions elsewhere to fit within Alberta’s cap.
(All this LIE-beral crap is just noise designed to confuse the issue! Cdn carbon emissions are rising anyway! There are ever more cars on the road as Cdns grow disgusted with public transit that is increasingly costly and unreliable even in bigger cities! And cars are more reliable and a better investment than they used to be! Time squeezed Cdns simply do not have the patience needed to deal with over loaded 40 year old transit!!! And yes- Toronto has recently opened up its Eglinton LRT that is an improvement over bus travel but which deliberately SCREWS UP car and truck travel on Eglinton as well!)
What are the environmental risks?
This question lies at the heart of B.C.’s opposition to the project. The expansion would increase the capacity of the pipeline to 890,000 barrels per day, up from 300,000 barrels. There is the risk of a spill along the pipeline route. There is also the risk of a tanker spill, once the oil has been delivered to port. B.C., in particular, is concerned about the possibility of a spill in coastal waters. As noted, the federal government tried to mitigate those concerns with its “oceans protection plan” meant to improve marine safety and respond to spills, but B.C. says that strategy doesn’t go far enough. It says the effects of a bitumen spill are not well known. Once the federal government takes ownership of the project, Canadian taxpayers will be on the hook to pay for the clean-ups of any spill.
(Kinder Morgan was already exporting oil without major problems! And we have been told that Cdn oil is produced under legislation that is already TOUGHER than most other countries anyway! And LIE-berals have not explained why we should be hostile to oil tankers on the west coast while shrugging off oil tankers bringing in oil on the east coast from socialist pest hole Venezuela! But then Our idiot Boy Justin is a hard core socialist just like his father so the socialist oriented Venezuelans MUST be supported while LIE-beral loathing Albertans can be easily screwed over with no loss of votes to LIE-berals!)
What are the implications for federal-provincial relations?
(The implications are already ugly!!! There is main stream hostility in many provinces to any LIE-beral carbon crap and trade tax! With provinces not looking forward to being put on the spot- having to decide whether they should stand by while Alberta oil patch- and all those related jobs and tax revenue are killed by LIE-berals and the price of oil we all use is driven up by deliberate LIE-beral restrictions in supply! Add in the growing cost of dealing with the illegals that LIE-berals are rounding up like crazy cat ladies collecting strays and things look even worse! Then add in the cost of the trade war LIE-berals deliberately picked with Yankees and things look even more grim for LIE-berals!)
(This oil mess will not be resolved by LIE-berals! It will be dealt with by whatever govt replaces LIE-berals! And on a related note: HOW COME NOBODY is asking that NDP imbecile Jagmeet Singh- who aspires to replace Our idiot Boy as prime minister- about HIS opinion on any of this stuff????? )