Albertans that retire in BC because Alberta sucks also thanks BC.Lmao. I've done one of these and could do one more if it didn't scare me haha. With a possibility of a third if I ever need it because of office work.
Thanks for funding them, BC.
Albertans that retire in BC because Alberta sucks also thanks BC.Lmao. I've done one of these and could do one more if it didn't scare me haha. With a possibility of a third if I ever need it because of office work.
Thanks for funding them, BC.
Albertans that retire in BC because Alberta sucks also thanks BC.
Just curious where you got that number for it to be profitable?
Critics have pointed out that the mine designed to produce 260,000 barrels of oil a day for more than 40 years won't be profitable unless North American oil prices are above $75 US a barrel, which is more than $20 US higher than current prices.
So, is the reason for such a high price due to the high up front cost of the infrastructure required to get it running?
So, is the reason for such a high price due to the high up front cost of the infrastructure required to get it running?
I know other sites run around, $30 a barrel to be profitable. But they are older.
The report says we are not running out of oil—vast reserves exist—but says that it is becoming uneconomical to exploit it. The plateauing of crude oil production was "a decisive turning point for the industrial ecosystem," with demand shortfall being made up from liquid fuels which are far more expensive and difficult to extract—namely, unconventional oil sources like crude oil from deep offshore sources, oil sands, and especially shale oil (also known as "tight oil," extracted by fracking).
These sources require far more elaborate and expensive methods of extraction, refining and processing than conventional crude mined onshore, which has driven up costs of production and operations.
Yet the shift to more expensive sources of oil to sustain the global economy, the report finds, is not only already undermining economic growth, but likely to become unsustainable on its own terms. In short, we have entered a new era of expensive energy that is likely to trigger a long-term economic contraction
SNC-Lavalin subsidiaries barred from public contracts in Quebec for five years
Guess whose not going to be bidding on the new Gatineau LRT and Montreal extension projects
Miguel Landry, a media relations specialist for the AMP, said the ban was automatically applied to the SNC entities as a result of the guilty plea in December.
"It's not a decision by us, it's an automatic ban," said Landry.
Here's a new one:
The full top 10 "non-essential" surgeries:
Abdominal hernias for adults (8,658)
Benign skin lesions (6,827)
Carpal tunnel syndrome (5,845)
Haemorrhoids surgery (2,835)
Adenoidectomy in conjunction with tonsillectomy (1,633)
Tonsillectomy in adults and children (1,106)
Trigger finger (1,106)
Sterilization for women (1,095)
Rhinosinusitis (1,033)
Breast reduction for women (1,011)
CPC leadership candidates engaging in a race to the bottom in who can say the dumbest things.
I always wonder how hernias are non-essential for treatment??
Seems pretty.. medical PROBLEM to me? Organs shoving through to places they shouldn't be etc.. doesn't sound like a small problem.
I always wonder how hernias are non-essential for treatment??
Seems pretty.. medical PROBLEM to me? Organs shoving through to places they shouldn't be etc.. doesn't sound like a small problem.
CPC leadership candidates engaging in a race to the bottom in who can say the dumbest things.
So I've been wondering this for a while, but why is the UN Security Council seat such a high priority for the government?
It's a "fuck you" to the CPC. The only time Canada didn't win a security council seat when they ran for one was under Harper.So I've been wondering this for a while, but why is the UN Security Council seat such a high priority for the government?
So I've been wondering this for a while, but why is the UN Security Council seat such a high priority for the government?
So, is the reason for such a high price due to the high up front cost of the infrastructure required to get it running?
I know other sites run around, $30 a barrel to be profitable. But they are older.
The method of extraction and refining is much more expensive in most of the projects in Alberta.
Basically your convention oil well (which is just tapped into a well and extracted using a pump jack) has a break even point at roughlt ~10-15$ per gallon. A majority of the reserves in Saudi Arabia use this method which is why they own the market.
The Mineable oilsands in peticular are incredibly expensive... The oil is mixed into the sand and has to be seperated. For mineable oil sands they use massive trucks and some heavy machinery to basically dig the sand out of the ground and seperate the oil and the sand. In the past 15-20 years they've developed a different method though that involves pumping steam into the ground where the oil is which pushes the oil to the surface.
Both of these have huge upfront construction costs + capital costs meaning the break even point for companies is ~30-40$/barrel for SAGD up to 50$/barrel for the mineable sites (which is what tek is proposing). Lots of factors play into these costs though.
In the US, they already extracted most of the cheap easy wells to extract but thanks to fracking technology they have been able to extract more from these existing wells, (which is how the US went from large importer of oil to now energy independent again) however that also is a cost intensive process and the break even point is ~30-40$. The boom in construction here is basically what has depressed oil prices for the past 5-6 years.
I remeber watching a documentary in ~2007 about peak oil that basically predicted the world would run out of conventional by 2012 and it would send the world into a massive recession and start wars and stuff. Funny in hindsight.
Anyways Tek is what we would consider mineable meaning it has an incredibley high break even point which means even if approved the economics of the project means its highly unlikely it gets built.
There are tons of "approved" projects that have been shelved due to economics.
Its really just politics at this point because at least as far as I can see this thing will never get built.
Either:
Approve the project to score some cheap political points in Alberta and maybe send the message they are open for business well fully understanding it is unlikely to get built
Or
Don't approve the project and ensure it never gets built regardless of market conditions we'll earning you some cheap political points from environmental activists.
TDLR: the project has expensive upkeep due to the extraction process and economically makes zero sense.
Cons are in full isolationist mode
Thank God the US is in an election year to drown out Canadian politics news.
----
I was for Harris at first, then she quit, then I went Biden in hopes he would pick Harris as a running mate but now I am convinced that in Post-Trump era that maybe Bernie could be best to take on Trump to win over the poor-whites that Trump won in PA, MI and WI
Sadly Florida will have to be sacrificed because there is no chance that Cuban-Americans and Venezuelan-Americans in Florida will vote for Sanders.
I predict a Trump re-election though, even if I think present day Sanders is the best in the field this current selection.
How's the guy?So del duca should easily win at the leadership convention next month?
So I've been wondering this for a while, but why is the UN Security Council seat such a high priority for the government?
MacKay promised to bring jobs to the region by supporting big projects similar to the now-cancelled Energy East pipeline that would have transported crude oil from Alberta and Saskatchewan to the east coast for refining and export.
He repeated a familiar Conservative argument stating that Canada must take a global view when it comes to reducing greenhouse gas emissions, and that exporting liquefied natural gas could help reduce emissions in the face of ongoing demand for fossil fuels.
"Even the United Nations has said we're going to be using fossil fuels for 40 years to come," he said. "We could throw all our car keys in Halifax Harbour, turn down the heat, turn off the lights, walk around naked in the dark eating organic beets and it won't make a difference."
The party of dinosaurs keeps pushing for more oil.
Mmmmmkay.
Also conscience rights!
The CPC greatest hits collection, they're all here.
I follow Canadian politics pretty closely and I've literally never heard of his person. However, her latest tweet is a triple whammy of calling herself a nationalist who has free speech to call others globalists, so...Am I the only one who didn't know that a black woman is officially running for leader of the CPC? Refreshing you say? Well her twitter account is pretty much a bingo card of conservative tropes: oil, deficit, illegal migrants, oil, Toronto Sun, oil, Rebel, free speech on campus, oil, birth tourim, oil, oil, oil...
Dr. Leslyn Lewis (@LeslynLewis) | Twitter
The latest Tweets from Dr. Leslyn Lewis (@LeslynLewis). Lawyer, B.A., M.E.S., J.D., PhD, @CPC_HQ Leadership Candidate [email protected]. Toronto, Ontariotwitter.com
I follow Canadian politics pretty closely and I've literally never heard of his person. However, her latest tweet is a triple whammy of calling herself a nationalist who has free speech to call others globalists, so...
The party of dinosaurs keeps pushing for more oil.
Mmmmmkay.
Also conscience rights!
The CPC greatest hits collection, they're all here.
OpEn FoR bUsInEsS
Remember when the cons changed who qualified as "status-Indian/Metis" so they would have to pay less money in the long-term?
Or how they cut healthcare coverage for refugees in what the courts ruled was cruel and unusual?
Or how they muzzled scientists for, among other matters, speaking up about how Canada's policies were negatively impacting the climate so that petroleum companies wouldn't have to change their activities?
Fuck you got mineConscience rights!
I'm so ready for the next Liberal Government to do nothing to rollback the stupid Fordian policies until about 6 months before the election! Should be an amazing time while we watch Education and Healthcare basically fall apart under the policies that are allowed to liveSteven Del Duca wins lead in Liberal delegate tally after weekend voting
“I am truly humbled by the vote of confidence I have received from our party membership,” Del Duca said in a statement Sunday night.www.thestar.com
Seems likely we are getting a skinner, balder slightly more progressive version of Doug Ford next election.
I'm so ready for the next Liberal Government to do nothing to rollback the stupid Fordian policies until about 6 months before the election! Should be an amazing time while we watch Education and Healthcare basically fall apart under the policies that are allowed to live
Whats a "Forest"No more buck a beer and dogs on patios? :(
Education and Healthcare will definitely be a shell of it's former self.
I hope some of the Greenbelt and forests in Ontario will still be around.
I'd love to know the sales figures on selling beer in grocery stores. Every time I've been in a store those shelves are 100% stocked and no one seems to be buying anything.
I'd love to know the sales figures on selling beer in grocery stores. Every time I've been in a store those shelves are 100% stocked and no one seems to be buying anything.
There must be some online store or school where these right wing politicians get all their talking points.