[andyt]

Then we're in big trouble, because the supply isn't inexhaustible. If oil is that precious, we should be cutting out using it as a fuel right now, drastically reduce use, so that future generations can also make their stuff out of oil.

[Thanos]

Endlessly odd that there's no talk from the likes of McQuaig of mothballing the manufacturing sector, especially the automobile one, considering that the major source of GHG's comes from the burning of fossil fuel and not from the extraction/processing of it.

I think that what Martin alluded to on the first page was correct too. There's millions of Canadians on the left wing, like the federal Dippers, that would have no problem at all with seeing Alberta shut down completely, hundreds of thousands out of work in one province alone, and a super-tanker full of Saudi oil pulling up to the Irving docks in New Brunswick every day to take up the slack from what the shuttered West provided. McQuaig really isn't an outlier, or some lone rebel against Big Oil. She's the voice of the sort of Canadian that chooses rigid ideological purity over brotherhood with other Canadians. All she did was make the temporary mistake of saying out loud during an election campaign what the vast majority of her fellow travellers fully believe. Some parts of Canada, and the people that live and work there, are completely sacrificial to their dogma.

[andyt]

It's entirely possible. Many delusional people out there. Just as many, mostly on the right, think that we can keep on spewing with no problems at all.

Here is what she was talking about:

$1:

The remark is in line with views expressed by scientists in recent years. A 2009 paper in the journal Nature by researchers from Oxford University and elsewhere calculated that more than half the planet's proven oil, gas and coal reserves would have to be left in the ground for the world to keep global warming to below two degrees Celsius — considered a critical threshold to avoid massive climate disasters.

And here's a link to that paper: http://www.nature.com/articles/nature08 ... www.cbc.ca

[martin14]

Thanos Thanos:

She's the voice of the sort of Canadian that chooses rigid ideological purity over brotherhood with other Canadians. All she did was make the temporary mistake of saying out loud during an election campaign what the vast majority of her fellow travellers fully believe. Some parts of Canada, and the people that live and work there, are completely sacrificial to their dogma.

Well said.

[2Cdo]

andyt andyt:

It's entirely possible. Many delusional people out there. Just as many, mostly on the right, think that we can keep on spewing with no problems at all.

Here is what she was talking about:

$1:

The remark is in line with views expressed by scientists in recent years. A 2009 paper in the journal Nature by researchers from Oxford University and elsewhere calculated that more than half the planet's proven oil, gas and coal reserves would have to be left in the ground for the world to keep global warming to below two degrees Celsius — considered a critical threshold to avoid massive climate disasters.

And here's a link to that paper: http://www.nature.com/articles/nature08 ... www.cbc.ca

Delusional describes a good 90% of NDP supporters and candidates.

[DrCaleb]

N_Fiddledog N_Fiddledog:

That claim was answered at the beginning of the video. He says the company's books show 120 million of the 128 million loss was a result of the NDP's revenge tax for this quarter. If you have better figures, present them

$1:

Canadian Natural took a $579-million “deferred income tax charge” to account for Alberta’s decision to hike provincial corporate income tax rate to 12 per cent from 10 per cent, effective July 1. As a result of the charge, Canadian Natural reported a second quarter net loss of $405 million or 37 cents a share, compared with a profit of $1.07 billion, or 97 cents, in the year earlier period.

Total revenue for the second quarter was $3.42 billion, down 36 per cent from $5.37 billion a year earlier. Cash flow, a key indicator of the company’s ability to pay for new projects and drilling, was $1.5 billion or $1.38 a share, down from $2.87 billion, or $2.63 a share, a year earlier.

http://business.financialpost.com/news/ ... enses-fall

$1:

Canadian Natural, among early vocal critics of the new provincial government’s fiscal policies, said it took a $579-million non-cash charge in the second quarter to account for future tax liability.

http://www.theglobeandmail.com/report-o ... e25857125/

It took a charge on it's books to prepare for future income tax costs, as most companies would knowing their future tax burden. It's revenue was down significantly from last year, but that has nothing to do with the Alberta Government. But, blaming the NDP is good to reassure the investors that they really aren't the douchebags we've come to know and love.

Like Thanos says, CNRL is not a trustworthy company, and you should have learnt by now that Ezra is not your friend. Ezra is Ezra's friend, only.

N_Fiddledog N_Fiddledog:

Ezra explains the numbers in greater detail below.

There are actually 3 new NDP "revenge taxes" in Alberta.

So far...

Please use your words. I refuse to give Ezra page hits.

Detail these 'revenge' taxes for us. Keep in mind that the Government of Alberta hasn't put forward a 2015 budget yet.

[andyt]

$1:

Fossil fuels around the world are at growing risk of being stranded, according to a report this spring by HSBC Global Research. The firm proposed three reasons for why some will never be extracted: climate change regulations, the economics of low global oil prices and innovations taking place in the renewable energy sector, such as wind energy, solar energy and battery storage.

Economics could be the biggest factor for the oilsands.

While production is likely to increase over the next few decades in Alberta's oilsands, without a doubt some of the bitumen will never be developed. Commercial production of the oilsands began nearly 50 years ago, and to this day only about six per cent of bitumen reserves have been extracted. There is a long, long way to go.

And while Harper criticized McQuaig for her comments, he himself all but conceded that some oil will be stranded when he and other G7 leaders agreed to an eventual end to fossil fuel use by 2100. Unless oilsands production and technology substantially improve, and oil demand and prices return to sky-high levels, there is little chance all of Alberta's bitumen will be sucked out of the ground before the end of the century.

If further affirmation was needed that some oil, not only in Canada but around the world, will be left untouched, even the world's leading producer is predicting as much.

"We recognize that eventually, one of these days, we are not going to need fossil fuels, I don't know when, in 2040, 2050,... so we have embarked on a program to develop solar energy," said Saudi Arabia oil minister Ali Al-Naimi in May.

http://www.cbc.ca/news/politics/spin-cy ... -1.3185553


Sounds like the Saudis are smarter than us.

[DrCaleb]

There are also an estimate 1.6 Billion barrels of crude in the Oilsands, of which we have the current technology to extract around 170 million barrels. So, quite a bit of that will be left in the ground anyway.

But McQuaig is wrong that the oil has to be left, it's only the greenhouse gasses that do. If we have the technology to use the fuels without releasing the gasses, then Bob's our Uncle.

[andyt]

If wishes were horses, beggars would ride. Takes a lot of energy to reduce co2 back to less harmful molecules. Seems to me you're better off using that energy in the first place, than extracting energy from oil, then using energy to reduce the co2. Same with carbon capture, just mostly sounds like a pipe dream. But even if it's real, people set their hair on fire about carbon taxes - the costs of eliminating co2 output from combustion are going to make that look like peanuts.

$1:

R. v. Trotman 2011 ONCJ 604 8 months grabbing 15 year old girl multiple times; hugs and kisses

https://en.wikibooks.org/wiki/Canadian_ ... al_Assault

[CountLothian]

The government allows the environment to be ruined and their only hope is to tax the public users of the only energy game in town.
It's absurd and people will buy into.
The entire concept is beyond any moral or ethical concept .

The governments of the free world allowed for this to happen, and in some cases sped up the disaster with support for this madness through government tax havens and such.

Now the only thing they can think of is tax the users of oil, us, and then we are supposed to think those taxes are going to clean up the environment?????
Thoes taxes are somehow going to be used properly and lucidly in the matter.

What ever they are going to use those taxes for? They don't tell anyone.
argh!!!!!