I need to make a RETRACTION.
I’ve made an error and I am going to correct that mistake.
Two weeks ago I read that Trump was creating more storage for excess crude oil, to include Canadian oil sands.
The US COVid-19 aid package eliminated that strategy.
I’ve made an error and I am going to correct that mistake.
Two weeks ago I read that Trump was creating more storage for excess crude oil, to include Canadian oil sands.
The US COVid-19 aid package eliminated that strategy.
So while I did read that was Trump’s strategy & it was at the time, it is no longer the US strategy.
That is a mistake I made by not following up on the information.
For this I humbly apologize.
That is a mistake I made by not following up on the information.
For this I humbly apologize.
Kenney, UCP and AB producers are NOT intentionally ramping up production to sell $3/ barrel oil for US to stock up on cheap product.
But the cheap oil does continue to be produced and sold and shipped to US. Alberta’s one customer.
calgary.ctvnews.ca/oilsands-produ…
But the cheap oil does continue to be produced and sold and shipped to US. Alberta’s one customer.
calgary.ctvnews.ca/oilsands-produ…
Alberta has knows oil prices are below viability. A cap on production was recommended by March 11, 2020. NFLD ceased production.
Alberta has not stopped production. Nor has it ordered reduced production. Screen shot April 1, 2020. oilprice.com/Energy/Crude-O…
alberta.ca/oil-production…
Alberta has not stopped production. Nor has it ordered reduced production. Screen shot April 1, 2020. oilprice.com/Energy/Crude-O…
alberta.ca/oil-production…
Instead, Kenney has doubled down to arrange for increased credit for corporations to whether the storm. Additionally he continues to pressure Ottawa to eliminate regulations.
oilprice.com/Latest-Energy-…
oilprice.com/Latest-Energy-…
Whether that’s eliminating the increase in carbon levies or removing environmental regulations is unclear.
The US has moved to eliminate all environmental regulations to aid oil corporations. Focussing on small to medium producers.
insideclimatenews.org/news/27032020/…
The US has moved to eliminate all environmental regulations to aid oil corporations. Focussing on small to medium producers.
insideclimatenews.org/news/27032020/…
This is the request from US industry. documentcloud.org/documents/6819…
Is Canadian industry lobbying for the same relaxation of regulations?
Is Canadian industry lobbying for the same relaxation of regulations?
They did a year ago.
edmontonjournal.com/news/local-new…
Reduction of regulations and increased pipeline capacity seem to be a constant demand in the fossil fuel industry. I can’t see any reason that would have changed.
Kenney did just announce $7.5B tax dollars to expand Keystone.
edmontonjournal.com/news/local-new…
Reduction of regulations and increased pipeline capacity seem to be a constant demand in the fossil fuel industry. I can’t see any reason that would have changed.
Kenney did just announce $7.5B tax dollars to expand Keystone.
Anyways, I made a mistake, which really doesn’t change the outcome of yesterday’s announcement from Premier Kenney.
Kenney is still indicating saving oil corporations is paramount to AB COVid-19 health and wage earner response. AB has not reduced production & no plans to do so.
Kenney is still indicating saving oil corporations is paramount to AB COVid-19 health and wage earner response. AB has not reduced production & no plans to do so.
Corporations with refining capacity are still able to make a killing on $3/barrel oil. Where oil sands or refined product is stored once it is shipped to US remains unknown to me.
