Professor Johnston alludes to my major (of many) concerns with this plan.
Where does anyone see the drive for the $150 Billion plus investment in extraction infrastructure to fill a $40 Billion pipeline (plus Pathways CCUS) with WCS selling for $48 cad and Venezuela and the Saudis looking for cash flow sales?
TMX was completed to deal with stranded production and a single buyer. There is still room for another 300,000 bbl/day.
Not saying it shouldn't be done, the world will need the oil to power the transition to a much more electric future in 50 years or so.
1) Mr. Breakenridge's breathless enthusiasm for the AB pipeline MOU is the enthusiasm of the, ahem, inexperienced. IF the pipeline is eventually built, the Pathways portion of it is set to conveniently benefit one of Carney's massive number of conflicts of interest funneling money into one of the Brookfield's satellite companies. By design of the senior author, the MOU is a deep snake pit and a minefield sown in a very sticky mud. The senior author being the master snake oil salesman, Mark Carney himself. Best way to view the MOU is with deep reservations. Premier Smith deserves big kudos for persistence, politically smart flexibility and for keeping her eyes on the ball.
2) Many thanks to Dr. Brian Day for explaining the reasons for Canada's health systems needless deficiencies - Federal government's blindly and mindlessly dictatorial attitude and thus shutting down of medical and nursing schools, among other factors that are not too difficult to fix with a measure of "forbidden" flexibility.
Rob,
Professor Johnston alludes to my major (of many) concerns with this plan.
Where does anyone see the drive for the $150 Billion plus investment in extraction infrastructure to fill a $40 Billion pipeline (plus Pathways CCUS) with WCS selling for $48 cad and Venezuela and the Saudis looking for cash flow sales?
TMX was completed to deal with stranded production and a single buyer. There is still room for another 300,000 bbl/day.
Not saying it shouldn't be done, the world will need the oil to power the transition to a much more electric future in 50 years or so.
A very good episode.
1) Mr. Breakenridge's breathless enthusiasm for the AB pipeline MOU is the enthusiasm of the, ahem, inexperienced. IF the pipeline is eventually built, the Pathways portion of it is set to conveniently benefit one of Carney's massive number of conflicts of interest funneling money into one of the Brookfield's satellite companies. By design of the senior author, the MOU is a deep snake pit and a minefield sown in a very sticky mud. The senior author being the master snake oil salesman, Mark Carney himself. Best way to view the MOU is with deep reservations. Premier Smith deserves big kudos for persistence, politically smart flexibility and for keeping her eyes on the ball.
2) Many thanks to Dr. Brian Day for explaining the reasons for Canada's health systems needless deficiencies - Federal government's blindly and mindlessly dictatorial attitude and thus shutting down of medical and nursing schools, among other factors that are not too difficult to fix with a measure of "forbidden" flexibility.