General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFreepers are pissed at us again. Big thread on this over there much Trudeau hatred already and
it's only been three weeks
He is going big fast, Oil tankers are to be banned on Canada's west coast.
http://news.yahoo.com/canada-ban-oil-tankers-could-end-controversial-pipeline-213129206.html
Suich
(10,642 posts)The Northern Gateway pipeline would be a disaster.
Monk06
(7,675 posts)Last edited Mon Nov 16, 2015, 08:49 AM - Edit history (2)
as due to the oil glut world wide the Canadian dollar is worth 30% less against the US dollar from six months ago.
Add to that China, which is investing heavily in the Oil Sands and the Northern Gateway project is manipulating the Yuan downward in order to protect it's imports/
The result of Northern Gateway is that we would be giving away our oil resources to China at an 80% discount from a year ago in US dollars.
Trans Canada Pipelines, who want to build the Keystone, are showing 30% less profit from a year ago due low electricity prices in their other operations. So they are clamoring to make money shipping Canadian oil to an already oversupplied US market at fire sale prices.
There is no economic justification for the Northern Gateway but Trudeau has wisely avoided a legal battle by moving to ban oil tankers in Canadian waters.
If he succeeds Canada's oil resources will be protected behind an infrastructure bottle neck. Additionally, Trudeau will have enormous political cover from people on the west coast who do not want this pipeline.
We finally have a Prime Minister with the interests of the Canadian people as his top priority instead of Canadian Oil execs who spend most of their time in Dallas
lob1
(3,820 posts)And just think of all the American politicians that will go unbribed. Poor them.
Monk06
(7,675 posts)Edmonton oil stock hustlers can retire in Hawaii
Betty Karlson
(7,231 posts)Turns out they were not ready for Justin. (Except for the 2/3 of the country that pined for real change.)
Monk06
(7,675 posts)same thing they are doing to Obama in the US mocking him as childlike and feckless. He's only been PM for three weeks. Sore losers and chicken littles. The sky is falling etc
http://www.cbc.ca/news/world/g20-turkey-trudeau-1.3319803
Spitfire of ATJ
(32,723 posts)n2doc
(47,953 posts)Goblinmonger
(22,340 posts)Idiots.
No better test about how right one is than having them tell you your wrong.
Vinca
(50,303 posts)Monk06
(7,675 posts)are not happy
Vinca
(50,303 posts)The price of oil is half what it needs to be to make a profit off of shale oil so they don't need their pipelines anyway. (I'm so glad Trudeau was elected.)