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What's in this for the oil industry? Not sure that oil companies actively working for separatism makes sense. What would be the consequences if it becomes publi
by YZF 1y ago
What's in this for the oil industry? Not sure that oil companies actively working for separatism makes sense. What would be the consequences if it becomes public that they're doing this?
What sort of pull do the oil companies have over NY Times and other media that's reverberating this?
Money pours in when oil prices are high. That's not exactly under Alberta's control. What happens when there's an energy bear market? What is the push towards alternative energy going to do in the long run? Also Alberta is landlocked which would make exporting oil more difficult if Alberta becomes a country. One of PP's talking point (not wrong IMO) was that not having invested in being able to export to non-US customers was forcing Canada to sell oil for lower prices to the US.
EDIT: another random thought is that a lot of labor in Alberta came from out of the province. How is separating going to impact that?
- BJones12 1y ago> What's in this for the oil industry? The ability to sell more oil at a higher price, and to lose less of the revenue as tax.
- rfrey 1y agoLow royalties compared to other jurisdictions, with the possibility of them going lower with an "independent" government comprised of their surrogates. Complete socialization of externalities: for example oil companies are flagrantly ignoring their legal obligations to clean up abandoned sites, and the current government is moving to assume the liability for them. Having that and similar cost offloading happen without the pesky federal courts interfering is worth some investment.
- dismalaf 1y agoHonestly, the ideal isn't separatism, but for Canada to end interprovincial tariffs, allow Alberta to transport oil to the coast unimpeded. Europe is basically begging for oil and gas to replace Russia, but Quebec is blocking any pipelines going east.
- YZF 1y agoI totally agree with that. And really that's what the Conservatives were saying and grudgingly the Liberals adopted but we'll see if they can execute. https://www.cbc.ca/news/business/china-canada-oil-trans-mountain-pipeline-1.7537530 https://www.cbc.ca/news/business/china-canada-oil-trans-moun...
- deleted 1y ago[deleted]
- dismalaf 1y agoAnd now we really need a pipeline going east... Our European allies just asked for it at the G7 again yesterday.