General Canadian Politics eh.

Discussion in 'The Off-topic Lounge' started by MC Gusto, May 15, 2017.

  1. Banchan

    Banchan 고생 끝에 낙이 온다

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    It's not currently used for oil and would require alot of construction and upgrades.

    They cannot move on either West, South or West-East because so many towns and cities and native groups are opposing it. The original pipe was built along time ago and now there is significant population growth over key areas that the pipes travel through and they are met with intense opposition and long drawn out court cases to continue so it's not as easy as building more pipelines.
     
  2. Banchan

    Banchan 고생 끝에 낙이 온다

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    I'm not really sure what you mean but let me explain why oil keeps being produced despite that it is fetching very low prices by using the agriculture model regardless.

    When you buy produce in Ontario in the winter that is out of season locally and was grown abroad, example strawberries. often you will have local farms that grow strawberries in Ontario distributing them. On the package it might read strawberries grown in Mexico but a farm in Kenora "packed" them. When they do this, they often lose money or just break even on this imported produce. So why are they making little profits and selling other people's produce instead of just packing up for the winter and reselling again in the spring? Why bother if it's not profitable right? When farms produce no produce of their own, they still want to keep the company generating some kind of revenue to pay bills and employees and continue their contracts with distribution chains and stores, even if that means hardly cutting even or even losing money over the winter season because shutting down or having nothing to sell means employees leave and find other employment, the distributors and stores will buy the produce they bought from you from other farms and those other farms can sell year round so when you have produce again, they don't really need your stuff because the other guy sells year round. So farmers will buy other farmers's stuff to sell their distributors and customers just to remain viable when they don't have no product of their own.

    Similar if oil producers in Alberta drastically cut down sales of their oil there will be other oil companies abroad eager to fill your place, you lose contracts, employees and the whole structure of your business begins to collapse. You got to find new employees, train them, new contracts and businesses to buy your stuff. It's easier to steadily try maintaining a business even if it's not very profitable rather than shut it down or significantly reduce capacity forcing your customers to buy elsewhere and expect those buyers will still be eager to buy your oil when things turn up again for you. That's why they are hesitant to cut production and if they have to, to do so minimally as to not effect the structure of their business or the Canadian economy (GDP from oil and services related).
     
  3. ConorMcGregorsBeard

    ConorMcGregorsBeard The Face That Runs the Place

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    More jobs you say? Perfect!
     
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  4. ConorMcGregorsBeard

    ConorMcGregorsBeard The Face That Runs the Place

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    I reiterate, I never said anything about reducing production. Oil doesn't go bad, keep pumping it out and store it until it's needed.
     
  5. ConorMcGregorsBeard

    ConorMcGregorsBeard The Face That Runs the Place

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  6. ConorMcGregorsBeard

    ConorMcGregorsBeard The Face That Runs the Place

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  7. Banchan

    Banchan 고생 끝에 낙이 온다

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    That's not how it works. You need to have cash flow.
     
  8. ConorMcGregorsBeard

    ConorMcGregorsBeard The Face That Runs the Place

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    The cash is still going to come in. We're an oil dependent society.
     
  9. Banchan

    Banchan 고생 끝에 낙이 온다

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    Again that's not how it works. Even the liberals want to proceed with pipeline infastructure but they are getting opposition from the people, municipalities and indigenous groups that live around the pipe as well as the court system.
     
  10. ConorMcGregorsBeard

    ConorMcGregorsBeard The Face That Runs the Place

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    Opposition? Oh, you mean to be bought off. No problem, we can do that too. Yay, grants!!!
     
  11. Banchan

    Banchan 고생 끝에 낙이 온다

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    The money coming in from consumption of petroleum is nowhere, I stress NOWHERE near enough to offset petroleum sales. You're not just profiting from the actual sale but all the related industries and logistics of moving it. This is a large part of your GDP that would go into massive layoffs if you just barreled up oil and stored it. That is a ridiculous notion that domestic gas sales would somehow cover the export of petroleum.
     
  12. Banchan

    Banchan 고생 끝에 낙이 온다

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  13. Banchan

    Banchan 고생 끝에 낙이 온다

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  14. Banchan

    Banchan 고생 끝에 낙이 온다

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  15. MC Gusto

    MC Gusto I bought a gun and chose drugs instead

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    I dont think we have enough space to keep pumping out that much oil and just putting it into 'storage'. I would assume if this was an efficient option, it would have been considered.
     
  16. MC Gusto

    MC Gusto I bought a gun and chose drugs instead

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    BC government unveils new climate plan

    View: https://twitter.com/bcndp/status/1070446477074448385


    View: https://twitter.com/jjhorgan/status/1070434164199981056


    View: https://twitter.com/AJWVictoriaBC/status/1070444534784356353


    View: https://twitter.com/MayorGregor/status/1070425640434753536



    View: https://twitter.com/HorneMatt/status/1070437169662124032
     
  17. ConorMcGregorsBeard

    ConorMcGregorsBeard The Face That Runs the Place

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    It doesn't drive profit the same way creating a shortage does.
     
  18. ConorMcGregorsBeard

    ConorMcGregorsBeard The Face That Runs the Place

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  19. MC Gusto

    MC Gusto I bought a gun and chose drugs instead

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    Point is, do we even have the ability to store hundreds or millions upon millions of barrels of oil?
     
  20. ConorMcGregorsBeard

    ConorMcGregorsBeard The Face That Runs the Place

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    I can't think of any reason we wouldn't.
     
  21. MC Gusto

    MC Gusto I bought a gun and chose drugs instead

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    What do with do with all that storage space when oil prices are not so low? Seems a waste of resources to build for such minimal use.

    Do you think it would be cost effective?
     
  22. ConorMcGregorsBeard

    ConorMcGregorsBeard The Face That Runs the Place

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    You'd be able to use it as a indefinite reserve.

    Hard to say.

    The oil industry is an interesting one in the sense that we suspend virtually every business rule as to not upset the precious oil industry. If we're being honest this whole issue seems like one created by the oil industry to keep the good times rolling.
     
  23. MC Gusto

    MC Gusto I bought a gun and chose drugs instead

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    Premier Doug Ford says he’s not to blame after U.S. regulator zaps Hydro One takeover of Avista
    Well isnt that a kick in the nuts for Ontario.
     
    #1099 MC Gusto, Dec 6, 2018
    Last edited: Dec 6, 2018
  24. MC Gusto

    MC Gusto I bought a gun and chose drugs instead

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    Trudeau says government had no involvement in arrest of top Huawei executive
     
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