Kris Sims is joined by former Liberal MP Dan McTeague to break down why taxes keep climbing, projects keep stalling, and how Alberta’s new pipeline challenge could finally force Ottawa to act.
Kris, I hope the Keystone XL pipeline gets completed, but doing it would hardly be the walk-in-the-park that you seem to believe it would be. According to the Financial Post: “parts of the system — which runs through Alberta, Montana, South Dakota and Nebraska — have been dismantled, and many permits along the route have expired. . . South Bow Corp., the oil pipeline business spun off from TC Energy Corp., said earlier this year that it has ‘moved on’ from attempting to build Keystone XL.” However, FP adds: “But on Wednesday [October 8, i.e. following the latest Trump-Carney meeting], the company was more ambiguous.” So South Bow Corp., which had moved on, may decide to move back and complete Keystone XL. Let’s hope so.
Yes it will help , but I do not see it helping Alberta directly. They will have to sell their energy at a 15% discount. Who benefits. The USA and the Canadian feds cause they will tax more. Unless Alberta can negotiate. Now this oil that flows down south is sold to the world via USA . They get world pricing and Alberta gets the shaft! A pipeline to to west coast would bring world pricing to oil and gas . Not discounted prices. This revolves around free markets.
Not seriously. At this point, I have been neutral because of the doomed looking future for us. Thinking of selling off and holding, it's pretty hard to make a decision now. All because with what is in charge of the country, is total disaster. It could be a mater of being cleaned out if the country goes down any further. Totally depressing.
Thank you for your thoughtful reply, Don. Yes, I agree with you that a pipeline to the Pacific Coast would be better for Alberta than the Keystone XL pipeline. One drawback to adding it to the list of important infrastructure projects in advance of Northern Gateway is that the Carney government might say that Alberta had a pipeline to external markets now and no need to prioritize Northern Gateway, or possibly even to consider it. Premier Smith seems to believe that there is enough supply in the oil sands to build both pipelines. You seem to know more about these pipelines than I do. If Northern Gateway was built, would that not lead to a reduction in the discount that Americans could expect from Alberta oil?
Keystone is a terribly uneconomic project now. It restricts Alberta to selling to the US, so it fails to diversify our market. The only way Alberta should sign off on it is if the US promises to invade and save us from the idiots populating the rest of what used to Canada.
I've worked in commodity markets - including oil&gas - for 3 decades; and I quite like Dan. However, this Albertan is SICK AND TIRED OF EASTERN CANADA TREATING ALBERTA LIKE CRAP! Seriously, enough of this bullsh**! Everyone takes our money, insults us, tries to kill off our businesses and industries - all while damaging their own provincial economies through idiotic policies. And then they demand more from Ottawa to 'save themselves', and get it by Ottawa stealing from Alberta. ENOUGH! It is cheaper for Alberta to go to war with the rest of Canada than it is to continue the status quo. It is time for separation, and aligning with a world power who has a massive military, and tell the rest of canada to piss off!
Imagine our lack of surprise!! Can’t think of a single thing during the ten years of LibTARD government that has actually benefited the working person in this once great country??
I agree with Danielle Smith. There is a proverbial saying, you either.Sh..t or get off the pot. Obviously Carney must make a decision about the economic revival of this country. It’s one thing to tell about the XL pipeline in return for a reduction or elimination of tariffs, it’s quite another to support a local provincial economy that relies on oil. There is no doubt about it, he cannot sit on both sides of the fence at the same time. For all his talk about major infrastructure projects, most of these were on the books prior to him taking Office so really in terms of him getting the economy moving it’s time for him to put his money where his mouth is. Enough is enough. Either support your local economy or get out of the way you cannot have it both ways..
I'm undecided about that. I think she has more alignment done than what we know. She also knows that her position will be on the line if she doesn't follow through. There are to many members UCP that want independence, or to separate. That much I do know for sure.
You do a fantastic job of getting info Kris. You don't waste no time doing in it, I like that. I'm a bit surprised to hear a liberal go against a liberal. But, then again Dan was a real liberal, not anything like what is called a liberal today. Not that I ever supported a liberal, but it was good to hear his take on the con mans commie regime. And that he thinks that the can man will fail the country. Well truth be known, he has already failed since before he was selected to sit in the pmo.
What will happen is the same as we have seen for 50 years. NOTHING! But, we keep doing the same things expecting a different result. Duh.
Which is why is it time for Alberta to separate! Long since time.
Kris, I hope the Keystone XL pipeline gets completed, but doing it would hardly be the walk-in-the-park that you seem to believe it would be. According to the Financial Post: “parts of the system — which runs through Alberta, Montana, South Dakota and Nebraska — have been dismantled, and many permits along the route have expired. . . South Bow Corp., the oil pipeline business spun off from TC Energy Corp., said earlier this year that it has ‘moved on’ from attempting to build Keystone XL.” However, FP adds: “But on Wednesday [October 8, i.e. following the latest Trump-Carney meeting], the company was more ambiguous.” So South Bow Corp., which had moved on, may decide to move back and complete Keystone XL. Let’s hope so.
Yes it will help , but I do not see it helping Alberta directly. They will have to sell their energy at a 15% discount. Who benefits. The USA and the Canadian feds cause they will tax more. Unless Alberta can negotiate. Now this oil that flows down south is sold to the world via USA . They get world pricing and Alberta gets the shaft! A pipeline to to west coast would bring world pricing to oil and gas . Not discounted prices. This revolves around free markets.
Have you ever heard the world market price for the bitumen oil. I haven't. Only price quotes I see is brent, and light crude.
I should have quantified that pricing. It depends on the contract of which pricing is used. My apologies.
I check oil prices every morning, here is today's pricing. No price for bitumen or heavy oil listed.
Commodity
Index
Stocks
Forex
Crypto
Bond
Actual Chg %Chg
Crude Oil 59.519 1.279 2.20%
Brent 63.393 1.223 1.97%
Natural gas 3.1025 0.0035 -0.11%
Gasoline 1.8458 0.0378 2.09%
Heating Oil 2.2501 0.0457 2.07%
Gold 4110.96 97.71 2.43%
Silver 52.390 2.11 4.20%
Copper 5.0845 0.2866 5.97%
Soybeans 1008.25 1.25 0.12%
Wheat 496.75 2.00 -0.40%
Coal 104.55 0.05 0.05%
Steel 3059.00 27.00 -0.87%
TTF Gas 31.36 0.81 -2.51%
Lumber 614.58 4.08 0.67%
Iron Ore CNY 803.00 1.00 0.12%
Sounds like You are in the markets. I am but not as serious as You appear to be.
Not seriously. At this point, I have been neutral because of the doomed looking future for us. Thinking of selling off and holding, it's pretty hard to make a decision now. All because with what is in charge of the country, is total disaster. It could be a mater of being cleaned out if the country goes down any further. Totally depressing.
Thank you for your thoughtful reply, Don. Yes, I agree with you that a pipeline to the Pacific Coast would be better for Alberta than the Keystone XL pipeline. One drawback to adding it to the list of important infrastructure projects in advance of Northern Gateway is that the Carney government might say that Alberta had a pipeline to external markets now and no need to prioritize Northern Gateway, or possibly even to consider it. Premier Smith seems to believe that there is enough supply in the oil sands to build both pipelines. You seem to know more about these pipelines than I do. If Northern Gateway was built, would that not lead to a reduction in the discount that Americans could expect from Alberta oil?
I do not see how , but then the USA has a president of a different pedigree.
Keystone is a terribly uneconomic project now. It restricts Alberta to selling to the US, so it fails to diversify our market. The only way Alberta should sign off on it is if the US promises to invade and save us from the idiots populating the rest of what used to Canada.
we all know the liberal track record....not good for job growth or even economics'!
I've worked in commodity markets - including oil&gas - for 3 decades; and I quite like Dan. However, this Albertan is SICK AND TIRED OF EASTERN CANADA TREATING ALBERTA LIKE CRAP! Seriously, enough of this bullsh**! Everyone takes our money, insults us, tries to kill off our businesses and industries - all while damaging their own provincial economies through idiotic policies. And then they demand more from Ottawa to 'save themselves', and get it by Ottawa stealing from Alberta. ENOUGH! It is cheaper for Alberta to go to war with the rest of Canada than it is to continue the status quo. It is time for separation, and aligning with a world power who has a massive military, and tell the rest of canada to piss off!
Bang on Clo!!! It felt like you were reading my mind.
And oh yeah. piss off canada.
Imagine our lack of surprise!! Can’t think of a single thing during the ten years of LibTARD government that has actually benefited the working person in this once great country??
I agree with Danielle Smith. There is a proverbial saying, you either.Sh..t or get off the pot. Obviously Carney must make a decision about the economic revival of this country. It’s one thing to tell about the XL pipeline in return for a reduction or elimination of tariffs, it’s quite another to support a local provincial economy that relies on oil. There is no doubt about it, he cannot sit on both sides of the fence at the same time. For all his talk about major infrastructure projects, most of these were on the books prior to him taking Office so really in terms of him getting the economy moving it’s time for him to put his money where his mouth is. Enough is enough. Either support your local economy or get out of the way you cannot have it both ways..
Smith is a phoney - deadlines come and go, no consequences. She is all talk; or in Albertan "tall hat, no cattle".
I'm undecided about that. I think she has more alignment done than what we know. She also knows that her position will be on the line if she doesn't follow through. There are to many members UCP that want independence, or to separate. That much I do know for sure.
You do a fantastic job of getting info Kris. You don't waste no time doing in it, I like that. I'm a bit surprised to hear a liberal go against a liberal. But, then again Dan was a real liberal, not anything like what is called a liberal today. Not that I ever supported a liberal, but it was good to hear his take on the con mans commie regime. And that he thinks that the can man will fail the country. Well truth be known, he has already failed since before he was selected to sit in the pmo.
Indeed its interesting that libtards of old, like Dan, even see that eating food is better than starving. Todays libtards are the zombies of tomorrow.