[Newsbot]

Title: Experts say no government can bring back Alberta bitumen boom
Category: Business
Posted By: N_Fiddledog
Date: 2019-04-10 12:39:14
Canadian

[N_Fiddledog]

https://www.ctvnews.ca/business/no-peda ... -1.4373399

[PluggyRug]

It would return if governments stopped their incessant meddling.

[BartSimpson]

PluggyRug PluggyRug:

It would return if governments stopped their incessant meddling.

[Thanos]

Gonna be some really sad looks on the faces of those who look at Jason Kenney as some kind of a saviour, when two or three years from now their economic situation is still the same due to the bitumen still being sold for far less than what it costs to scoop it out of the ground. What the Arabs did in 2014 and the changes in American domestic production over the last five or six years have altered the price permanently. The oil sands might stabilize enough at a moderate price to warrant new but much smaller investments but that's all. Go back to that stable $80 to 100 per barrel dreamworld again though? Never, and all the partisan politics in this damnable world won't change that in the slightest.

[llama66]

Yup, the crash was happening before Notley was elected.

[Thanos]

Getting rid of Trudeau would of course help greatly. It still wouldn't change the outside forces and actors responsible for crashing the price to begin with. Kenney in Alberta and Scheer in Ottawa might stabilize the price in the $60-70 per barrel range, if the carbon taxes and Bills 48/69 were done away with. Bring the boom prices back though? Not gonna happen.

[BartSimpson]

Thanos Thanos:

Getting rid of Trudeau would of course help greatly. It still wouldn't change the outside forces and actors responsible for crashing the price to begin with. Kenney in Alberta and Scheer in Ottawa might stabilize the price in the $60-70 per barrel range, if the carbon taxes and Bills 48/69 were done away with. Bring the boom prices back though? Not gonna happen.

You know, Alberta and Canada would be better off using domestic sources for oil and then disconnecting from the whims of the international oil cartels.

Alberta would have jobs and the ROC would have a reliable domestic source of oil.

[Thanos]

Canadians dislike each other too much to ever do anything that logical. I'm also sure there's some mechanism in the free trade deals that would clobber us if we tried to block any oil from the US or from overseas that's produced by an American oil company subsidiary or partner.

[BartSimpson]

Thanos Thanos:

Canadians dislike each other too much to ever do anything that logical. I'm also sure there's some mechanism in the free trade deals that would clobber us if we tried to block any oil from the US or from overseas that's produced by an American oil company subsidiary or partner.

Then renegotiate the trade deals to exclude oil. Hell, if you guys do it first then Trump might do it, too.

[Thanos]

Right.

[stratos]

I don't know enough to say if this will come to be true in this case. 3-4 years ago they were saying that the US economy would never have huge growths again that the days of the boom were over and so forth. Yet here we are today not a boom or giant growth surge in the economy but still a far sight better than what was predicted just a few short years ago. There is hope just have to keep plugging away.

[llama66]

BartSimpson BartSimpson:

Thanos Thanos:

Getting rid of Trudeau would of course help greatly. It still wouldn't change the outside forces and actors responsible for crashing the price to begin with. Kenney in Alberta and Scheer in Ottawa might stabilize the price in the $60-70 per barrel range, if the carbon taxes and Bills 48/69 were done away with. Bring the boom prices back though? Not gonna happen.

You know, Alberta and Canada would be better off using domestic sources for oil and then disconnecting from the whims of the international oil cartels.

Alberta would have jobs and the ROC would have a reliable domestic source of oil.

Wrong. Alberta Oil is dirty and terrible, they drown baby ducks in the Oil. Foreign Oil is clean and comes from countries with strong human rights.

Alberta will probably hold a referendum on separation if things don't change in the next 5 years.

[uwish]

llama66 llama66:

Yup, the crash was happening before Notley was elected.

completely agree, but then the new NDP government went on a disastrous course of tax increases, min wage hikes, royalty reviews just to kick the economy when it was bleeding. Then the infamous carbon tax that they never campaigned on, which is really a disguise for wealth redistribution.
So yeah, they never created it, but they sure made is significantly worse!

[herbie]

How NOT to Fix Alberta’s Hurting Jobs Economy
Toss 85,000 out of work, ignore global energy shifts. That’s Kenney’s UCP plan.