Friday , November 27 2020

LILLEY: Tubular Killer Worker experienced a crisis in the oil industry



The deaf hear the words.

Last week, after the autumn economic upgrade by the federal government, the bright spark in Prime Minister's office decided to send Justin Thudo to Calgary.

He spoke politely with applause when speaking to business leaders, outside the speaker's area.

There was nothing to do with economic modernization in the House of Commons, and to engage in energy struggles in Canada.

There are no plans to change the regulatory environment of the workplace, and there are rules that can help crush the oil industry.

The government is trying to expand the trans-oil pipeline, although uncertainty is in place. Economically, government books have shown that they bought a $ 4.5 billion gas pipeline last August, but there was no uncertainty about the future.

However, in the event of uncertainties regarding the construction and completion of the "Trans-Mountain" facilities, the Government has not set requirements for cash flows to budget or construction costs,
the sale of operating assets or sales can be postponed, "the document says.

And you have a 158-page document, which is less than the government's elaborate and inaccessible investment page.

There are other comments regarding the oil price differential, but there are no solutions.

Canadian oil is sold at a great discount compared to other oil in the world market.

West Texas is usually the tune of oil prices in the night news. In early October, oil prices dropped from $ 75 to $ 50 at the beginning of October, but the Canadian oil was much worse.

The main oil of Alberta sold in May fell to $ 11 a barrel of western Canadian oil, which was $ 58 per barrel. Currently it is about $ 17 a barrel.

Some versions of Canadian oil have been sold for $ 7 a barrel last week.

It is full of crisis.

The Trudo, even in Calgary, condemns the Harper Conservator for not buying a pipe for dehydration.

Buying oil from other markets outside the United States is crucial for the discount of Canadian oil sales, but Trudo brings about regulatory uncertainty. And for the future of the industry, based on the future plans of Troy.

Let's go through the past, present and future trudo and oil industry, which was elected in 2015.

Although the Trumpo said that Harper's Conservatives had never taken the pipeline to the side water pipe, the former government had approved the North Gvozd Pipeline Project and had gained the Energy Charter announcement.

Troy crashed the Northern Gateway, declaring a moratorium on traffic to tankers from the Canadian ports at the coast of the British Columbia. Then he changed the processes in the Energy Pipeline half way.

Did I tell you that I did not change Quebec's support for the gas pipeline and recommended it to the National Energy Council after the Energy Charter?

Trudeau thus effectively killed two pipelines that could transport Canadian oil into ocean ports. One was on the west coast and one in the east. Two Canadian oils went to foreign markets other than the United States, helping to overcome the price gap.

At present, the industry is concerned about the situation in the energy sector.

The company announced the project in 2013 and officially presented it in October 2014, before the election of Trudeau. Then he published new regulations requiring the calculation of the project for all high and low greenhouse gas emissions, which changed the rules of the gaming environment.

As I said, he did not do it with the support of Quebec, also known as Energie Saguenay, when the project supporters used it after the Energy East.

In the future, this may be the worst part.

The Government of Tremor completely restarted Bill S-69's major project from forestry to the mining industry and oil and gas industry.

According to Chris Bloom, a member of the current committee of the Canadian Pipeline Consortium, the Canadian Impact Assessment Act should not be considered a new trunk pipeline.

Perhaps, this trudo and his team would come in deep.

He has bought a non-electrified pipeline to avoid losing its seat in Vancouver, which has laws governing the killing of future investments in the industry.

Trouble's response to the sadness in Alberta – a lot of stories and careful advice. But do not ask for anything specific.

Her secretary general, Gerald Butts, said he did not want Canada to have a fossil fuel sector in the mid-century.

Three years later, this desire can be done sooner rather than later.


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