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A reminder, heavy crude and light crude occupy different niches in the global market and outside our bottle-necked supply chain, heavy oil has mostly maintained its price point while light crude has spiraled. This makes a stronger case for #TransMountain #bcpoli #cdnpoli
Right now MAYA (a heavy crude chemically similar to WCS) is trading at almost $8/barrel higher that WTI while WCS is less than half the MAYA price.

Were #transmountain completed and shipping, those Alberta barrels would be worth over twice their current price. #bcpoli #canpoli
Currently:

MAYA is $41.16
WCS is $15.73

Difference $25.43

Line 2 of @TransMtn would carry 540,000 b/d

That is $13,732,200 of additional value lost TODAY!!!!

or $5 Billion per year!!!!

That is $5 Billion not generating royalties or value
#bcpoli #abpoli #ableg #cdnpoli
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Blair King
@BlairKing_ca
The thing to recognize when dealing with the anti-#transmountain people is that they love the bait and switch argument. This piece by David Hughes and promoted by @ElizabethMay is a classic example corporatemapping.ca/trans-mountain… #bcpoli #cdnpoli #canpoli @sjmuir #GPC #NOpipeline 1/
In the piece Mr. Hughes discusses the difference in price between heavy oil in the Gulf and Heavy oil in Asia to argue the @TransMtn is not useful. Except Alberta can't get its oil in volume to the Gulf Coast either #bcpoli #cdnpoli #canpoli #GPC #NOpipeline 2/
So the price comparison is totally irrelevant, he may as well be comparing the price of Alberta oil to the price of apples. What matters is what Alberta is getting for its oil at Hardisty. Compare that to the Asian price #bcpoli #cdnpoli #canpoli #GPC #NOpipeline 3/
Read 9 tweets
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Blair King
@BlairKing_ca
Time for a thread on the new "The New Gas Boom" report I have seen on virtually every media platfrom from @GlobalBC to @CBCNews

The interviews I see about this report all repeat a "factoid" about #bclng that needs to be addressed #bcpoli #cdnpoli @lngcanada @nbennett_biv
The authors of the report (an NGO that opposes LNG by the way) claim that #BCLNG is "worse than coal" becasue of fugitive emissions. This claim is simply not true and is an example of depending on one narrative-friendly study to make your argument #bcpoli #cdnpoli 2/
In this case the authors rely on a single study in Science by Alvarez et al science.sciencemag.org/content/361/63… that calculated that 2.3% of US production of LNG was lost in the form of fugitive emissions which wipes out the savings in using LNG for power #bcpoli #cdnpoli 3/
Read 14 tweets
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Blair King
@BlairKing_ca
To address the spate of let's call it "interesting" analysis about gas prices in BC from @MarcLeeCCPA a quick thread about the refined fuel situation on the coast and #transmountain's effects on gas prices @keithbaldrey @robynallan #bcpoli #vanpoli @sjmuir @nbennett_biv 1/
As we all know BC uses about 192,000 barrels per day of refined fuel with Prkland providing about 33% of our gas and 30% of the jet fuel. The #Transmountain supplies most of the remaining refined fuel but it cannot supply everything we need #bcpoli #vanpoli
As a consequence we import about 30,000 bpd from the Americans. This number is from the Canadian Fuels Association and is corroborated by the US EIA. According to the EIA #bpoli #vanpoli 3/
Read 17 tweets

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Dr Liam Wagner
@Liam_Wagner
For the 82nd Month in a row, Australian Oil import coverage stocks are well below the 90 day IEA minimum, despite increasing by 3 days and stable daily imports for December 2018. Australian #energysecurity remains vulnerable #OOTT #energypolicy #oil #auspol
Australian Net Oil Imports have increased by ~12% vs December 2017. Australia remains vulnerable to international oil supply disruptions while stocks remain >40% below the IEA 90 day minimum. #OOTT #energypolicy #energysecurity #oil #auspol #energytwitter
Australian Domestic Refinery Inputs only contribute 16% of Indigenous supply for local consumption. With production having declined consistently over the last 10 years, import dependency remains a strategic concern. #EnergyPolicy #EnergySecurity #OOTT #OIL #auspol
Read 23 tweets
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I Draw Charts
@IDrawCharts
I'm going to create a set of crypto index trackers I think (completely ticker-based from tradingview). Will put them in an article, hope to have it up in a few hours
This is gonna take longer than expected
Discussion time: for an index tracking supply chain coins, how do y'all feel about

(VETBTC*563+WTCBTC*120+AMBBTC*27+WABIBTC*14)/724

as the tradingview ticker? Each coin price is multiplied by the (estimated/fluctuating) value of the total project in mm, then averaged. Fair?
Read 7 tweets
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Christophe Barraud🛢
@C_Barraud
🇨🇳 #CHINA Q3 GDP Y/Y: 6.5% V 6.6%E (slowest growth since Q1 2009)
*NBS spokesman Mao Shengyong said that the international situation was bringing “downward pressure” on China.
*Link: bloom.bg/2RVX1ZA
🇫🇷 🇪🇺 🇨🇳 French tire maker Michelin warned of declining sales in Europe and #China in the second half of the year, dragging down shares of its competitors in the U.S. and Europe - Bloomberg
*Statement: bit.ly/2EujhqH
🇺🇸🇨🇳🇪🇺 In a volley of filings, the EU, #China and the U.S. this week escalated disputes over new U.S. metals tariffs, the European response to those levies, and Chinese intellectual property practices - Bloomberg
bloomberg.com/news/articles/…
Read 634 tweets
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Nathaniel Bullard
@NatBullard
Folks, we've posted almost every presentation from @BloombergNEF's #bnefsummit. Here's a thread with our CEO Jon Moore's talk to open the event: 1/
2/ The theme of the talk - "The Power of Perspective" - examines energy technology and transport through the lenses of our four global events in New York, London, Shanghai and Palo Alto (those are @Suzlon wind turbine blades by the way)
3/ The lens on Europe: here's what happens in a mature power system with lots of wind and solar, generation in excess of demand, and competitive wholesale power pricing...you get _very_ negative prices .
Read 17 tweets
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Gareth Dennis
@GarethDennis
Time to watch the @CommonsTrans's oral evidence session on rail infrastructure investment... Featuring @RAIL, Mick Lynch (@RMTunion), Tammy Samuel (@SHLegal) and Prof Andrew Smith (@ITSLeeds).

Kick-off at 16:45:
parliamentlive.tv/Event/Index/23…
Nice reference from @MartinVickers to @AnsonJack1's assertion that @railandroad is too focused on establishing efficiency targets rather than promoting investment in the network...
A worrying point made by @RAIL, that pressure from the regulator can make @networkrail's leadership feel like @railandroad is its customer, and not the passenger and freight operators.
Read 89 tweets

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