I am of an age where I remember - not at all fondly - the energy wars of the 1980s; many of us here in Alberta do. I also remember very well the energy wars of the 1970s; not quite so many remember those. I do recall the loss of drilling rigs, the downturn in our economy, the attack of the federal budget, et al.
I have been talking my head off (boringly, my family says, and ad infinitum, they add) for some time about the danger of using oil and gas as a weapon.
The fact is that, for all practical purposes, our oil can only sold to the US. Ever so many "smart" (read "stupid," really) people argue that the US refineries can only use our grade of crude. Not so, many of those refineries were built decades ago to process Venezuelan crude. After the advent of Chavez and then Maduro, Venezuelan crude was no longer available so those refineries turned to using Western Canada Select, which is approximately the same grade.
Those same "smart" (not whatsoever) people miss that DJT now "owns" Venezuela and he now "possesses" so all he has to do is to order that Venezuelan crude to be landed on the Gulf Coast and the pipeline pumping stations that now pump north to south to be reversed. Easy peasy. That provides about 1 million barrels a day for the refineries. Canada now sells about 4 million barrels a day to those refineries so the refiners will ask, "I need 3 million, not 4 million, so what price are you asking?"
Net result: a) an immediate drop in prices realized and export revenue for Canada; b) US refineries sourcing heavy crude elsewhere in the world and further reducing Canadian volumes; and c) effectively eliminating permanently a market for Canadian crude.
I welcome the laurentian interference because it will drive more of us to vote yes to a referendum. The chattering classes remind us why separation is our hope for the future. Their attitudes never change so we must.
Total Insanity!! Tax upon a tax upon a tax…..does it get any stupider. Alberta does not have to worry about the USA: only the Laurentians, Liberals, NDP and all the other provinces that have been stealing from Alberta for centuries. Canada as a country never existed.
As always, Sir, well done!
I am of an age where I remember - not at all fondly - the energy wars of the 1980s; many of us here in Alberta do. I also remember very well the energy wars of the 1970s; not quite so many remember those. I do recall the loss of drilling rigs, the downturn in our economy, the attack of the federal budget, et al.
I have been talking my head off (boringly, my family says, and ad infinitum, they add) for some time about the danger of using oil and gas as a weapon.
The fact is that, for all practical purposes, our oil can only sold to the US. Ever so many "smart" (read "stupid," really) people argue that the US refineries can only use our grade of crude. Not so, many of those refineries were built decades ago to process Venezuelan crude. After the advent of Chavez and then Maduro, Venezuelan crude was no longer available so those refineries turned to using Western Canada Select, which is approximately the same grade.
Those same "smart" (not whatsoever) people miss that DJT now "owns" Venezuela and he now "possesses" so all he has to do is to order that Venezuelan crude to be landed on the Gulf Coast and the pipeline pumping stations that now pump north to south to be reversed. Easy peasy. That provides about 1 million barrels a day for the refineries. Canada now sells about 4 million barrels a day to those refineries so the refiners will ask, "I need 3 million, not 4 million, so what price are you asking?"
Net result: a) an immediate drop in prices realized and export revenue for Canada; b) US refineries sourcing heavy crude elsewhere in the world and further reducing Canadian volumes; and c) effectively eliminating permanently a market for Canadian crude.
Again, Sir, well done!
I welcome the laurentian interference because it will drive more of us to vote yes to a referendum. The chattering classes remind us why separation is our hope for the future. Their attitudes never change so we must.
Total Insanity!! Tax upon a tax upon a tax…..does it get any stupider. Alberta does not have to worry about the USA: only the Laurentians, Liberals, NDP and all the other provinces that have been stealing from Alberta for centuries. Canada as a country never existed.