Sunday, 16 December 2018


Alberta Premier Rachel Notley to Fight “Air Barrels”

In a speech to the Toronto Board of Trade 

 Rachel Notley says Alberta is ‘essentially giving oil away for free’ in Toronto speech

 The industry is exporting the heavy oil to 

U.S. refineries with no value added in Canada.


 Look at this Government graph and you will see


Alberta Premier Rachel Notley is telling the truth

Our Current Outstanding Public Debt of Canada is approximate:

$629,572,079,450.28 CDN.

Canada's National Debt

Canada Government Debt to GDP 

Believe it or not

Alberta

Will be $71 billion of debt by the time the 




The Government of Canada borrows much of the monies to cover its shortfalls

From the private sector 



To understand how ridiculous the present situation is, 


Consider the 1993 Auditor General of Canada report 


The world ranking of Canada's Oil

Deposit #3 (production #6) 

Canada has all this oil 
That is sold for pennies on the dollar then













Even if Canada had 10 Pipelines 

Oil sands producers would still scam the system

To game the pipeline system, 



Reducing capacity, lowering bitumen prices and costing 

Alberta billions more Dollars every year

 Because of "Air Barrels" 

The government estimates Alberta is losing 

$80 million a day due to discounts,

To Fight "Air Barrels"

Today Tuesday 2018-12-18

Because of "Air Barrels"

Oil went from portfolio stalwart to portfolio destroyer



Trudeau’s promise to fund a 




Cope with increased oil tanker traffic

 This year



Plus NDP Premier John Horgan just gave a

That's $41.6 Billion in Subsidies this year making 
Canada Number ONE
Canada is the largest provider of government support for oil and gas production 

Per unit of GDP in all G7 countries

In comparison to other countries, 

Canada provides more subsidies to petroleum as a proportion of 

Government revenue than any developed nation on Earth 

Alberta’s oil and gas companies have figured out how to pull off  





Market Snapshot: What is Pipeline Apportionment?
"Air Barrels"
Amid oil price crisis, major energy producer says 
Canada's largest pipeline system is 'dysfunctional'
A financial analyst says in Canada prices being paid for 


Western Canadian oil sands bitumen have fallen so far that many producers 

Are losing money on every barrel sold into the spot market in Canada. 


“They don’t have to even upgrade or refine any of our heavy crude. 

All they do is put it through a pipeline to the USA.


Put it on a tanker or ship it back to Us at full USA. market price 


It's Bankruptcy in Canada and Super Profits in USA

Because royalties are based on Canadian oil prices.




Royalties are in red 

In 2015, Barry Rogers of Edmonton-based Rogers Oil and Gas Consulting warned the government that low royalties for bitumen simply encouraged the industry to export the heavy oil to 


U.S. refineries with no value added in Canada.


The growing discount has cost Alberta’s provincial treasury dearly 

“Preliminary Fiscal Evaluation of Alberta Oil Sand Terms.”

“Canada’s non-renewable energy resources 





When you look at this graph you will see
Alberta Premier Rachel Notley is telling the truth

When Oil & Gas production goes up [royalties go down]

Subsidies go sky high

The royalties could amount to merely 1 per Cent

851px version of Oil-CCPA.jpg
Instead of fixing the problem 

Prime Minister Justin Trudeau gives the oil sector $1.6B boost

Lead author Ian Hussey said 

Suncor, CNRL, Cenovus, Imperial and Husky have remained 


Banking and paying out to shareholders $13.5 billion last year.

Plus Oil giants pay billions less tax in Canada than abroad 

Alberta Premier Rachel Notley says Ottawa's 

New $1.6-billion aid package for the oil patch  

"Offering Alberta business owners and industry the opportunity to go further 

In debt is not any kind of long-term solution Alberta needs

"Especially not when we are a province and we are talking about an industry 

That is very good at being profitable

 If given the freedom to do so."

Prime Minister Justin Trudeau is essentially tone deaf 

And won't fix the pipeline bottlenecks crippling the province.


Costing Alberta Billions of Dollars every year  

Moreover this problem has existed for years 

While provincial and federal Governments have done little to end 

The gaming of the pipeline system.

“But instead of fixing the problem the regulators 

Allow big players to continue to scam the system, 

Standing idly by while royalty payments to Albertans are eroded” 

Alberta is losing billions every year

Canadian Natural Resources estimated last spring that as much as 

125,000 barrels a day of capacity on Enbridge Mainline is running empty

 Because of air barrel nominations.

Recent throughput statistics on Enbridge’s system Suggest it could be 

Closer to 150,000 barrels a day. 

Another beneficiary of Alberta’s no-value added policy 
Has been the billionaire Koch brothers.

They own the Pine Bend refinery in Minnesota, 
Which turns more than 340,000 barrels of Canada’s crude 

A widening of the price discount of heavy oil by just $15 adds 
An additional $2 billion in windfall profits a year for Koch Industries, 
One of the most powerful companies in North America.
Justin Trudeau Says Bill C-69 bill is necessary if 

Canadians want to see their resources developed, he said.

"We're going to work to make sure that we're creating a system

Where Canadians have no say over the pipeline or oil sands

 Where you don't have to pass a law to get a pipeline built, 

You don't have to buy an energy project in order to de-risk it,

"We want an energy sector where the private sector has confidence

 In getting our resources to markets."


 Trudeau needs Bill C-69 , 

Because 

More than two-thirds or 71% of the ownership of oil sands production in


He's has to build a pipeline and 

“Protect and promote” foreign investment 

The Government signed 



FIPA] is not a free trade agreement

But rather a bilateral agreement intended to

“Protect and promote” foreign investment


It was passed without a vote in Parliament.

[Fipa] which remains in place until 2045,

It was signed to ensure that China got a pipeline built

Among many other benefits.



5 things to know about the Canada-China investment treaty

The Fatal Flaw of Kinder Morgan’s Trans Mountain Pipeline 

Canadians you can fight over the pipeline or whatever you want 

The Truth is 
Alberta’s Problem Isn’t Pipelines

Canadian producers already have the ability to 
Ship their heavy oil to

Asia via the existing 300,000 barrel per day 

 Prime Minister Justin Trudeau brought the

Trans Mountain Pipeline to ship oil to Asia 

 The Truth is they’re not shipping Oil to Asia.

Canadian oil prices theirs's no profit in it and


“There’s no appetite in Asia Today for heavy oil,” 



In 2017, the Port of Vancouver only shipped 
600 barrels of oil to China. 
That’s less than a tanker load.

Economist Robyn Allan told DeSmog Canada. 


“Virtually no exports go to any markets other than the U.S.,” 


Most of it at a very steep discount.


This is where the profits are the largest for Canadian Producers 

 The Port of Vancouver can’t even physically fit 

The size of tanker required to economically compete 

With other shippers of oil to Asia.

Port of Vancouver

For marine safety reasons,  

The B.C. government proposed limiting any increase in shipments 

Of diluted bitumen amid concerns about spills.'


The maximum oil tanker cargo allowed through B.C.’s

Burrard Inlet is an Aframax class ship at 80 per cent capacity 

Carrying 550,000 barrels, 

Only about one-quarter the load of a VLCC.

They can carry two million barrels at a time

Plus ULCCs are the largest tankers in the world and 

They carry up to 4 million barrels of oil.

It cost 4 to 8 times more to ship oil from Vancouver to Asia

Refiner in Asia would have to book and pay for four to eight tankers

To ship the same amount as from the LOOP terminal,

Then wait longer for the full order to arrive.

Oil is a cutthroat competition among global oil producers, 

Refiners, shippers, and speculators,

In which nickels per barrel of oil delivered are fought over fiercely.

Vancouver will never be one of those ports. 

No VLCC or ULCCs will ever arrive to offload foreign oil, 

Then upload Alberta bitumen for a backhaul trip to foreign refineries.

So the pending Trans Mountain pipeline plan to 

triple oil sands exports, 

And increase oil tanker traffic under the 

Lions Gate Bridge up to seven-fold, 

Is doomed.

 So is the plan to expand oil sands output by 40 per cent. 

No amount of cheerleading, or demonizing, 

Or pixie dust will change the raw laws of global oil economics.
Oil Tankers In Canadian Waters

TODAY IT'S


 It's Jobs over the Environment

Alberta oil Jobs are backsliding 
Alberta employs about 140,000 people in the oil and gas sector 
Only 6 percent of the provincial total now.




Total capital spending is forecast to be $41 billion in 2018

A 49 per cent decrease compared to $81 billion in 2014.

Capital investment in Canada is down 49 per cent. In 2014 investment was $81 billion and in 2018 it dropped to $41 billion.



Of the entire oil and gas industry 

The Supreme Court of Canada says


The governing Alberta NDP and the official Opposition

Told the provincial legislature Tuesday

Alberta’s oil patch isn’t an emergency now,

Because they now over 70 years to 

Figure out how to clean up their tailings and reclaim the land.

The NDP and the United Conservative Party

Made the statements as they teamed up 

To shut down emergency debate on the issue,

Proposed by Liberal MLA David Swann. 

While Suncor’s mine will close down in 2033,

They have been granted until after 2100 to 

Figure out how to clean up their tailings and reclaim the land.

The NDP. Government of Alberta

Approved a tailings management plan for 

Suncor Energy Incorporated, 

The oldest mining company in the Canadian tar sands. 

By approving this plan, 

Suncor will get an additional 70 years after their operations

Shut down to clean up the 

Environmental mess that they have created over 

60 years of oil extraction. 

Canada's most shameful environmental secret 

They have been granted until after 2100 to 

Figure out how to clean up their tailings and reclaim the land.

 It could take nearly 300 years for the industry to abandon 

All of its wells, let alone clean them up, 

The Problem of Alberta’s Growing Oil Sands



Bitumen in an open mine area is shown at the historic Bitumount oil sands mining, 

Separating and refining facility in Fort McMurray Alta, on Tuesday October 5, 2016.

 A Calgary financial analyst says prices being paid for Western Canadian oil sand Bitumen in an open mine area is shown at the historic Bitumount oil sands mining, separating and refining facility in Fort McMurray Alta, on Tuesday October 5, 2016. 

A Calgary financial analyst says prices being paid for Western Canadian oil sands bitumen have fallen so far that producers are actually losing money on every barrel sold into the spot market. 


THE CANADIAN PRESS/Jason Fransonds

The historic Bitumount oil sands mining site 


How Big Are Canada’s Oil Sands?

The Alberta Tar Sands have been dubbed the largest 

And most destructive 

Industrial project in human history

These open, unlined ponds currently cover 220 sq. km, 

An area of land equivalent to 73 New York Central Parks. 

A single tailings pond the Mildred Lake Settling Basin 

Has been identified by the US Department of the Interior 

As the world’s largest dam.


Tar Sands Oil Extraction - The Dirty Truth


Just how oil - friendly is Alberta

To start off, 

Province-wide there are

One well for every 10 people living in Alberta.


Well owners have almost  


No hard deadlines for well cleanup. 
Rachel Notley unveils carbon tax break for oil and gas drilling companies
Alberta’s ‘reclaimed’ wells aren’t actually reclaimed: 

Oil and gas companies can receive certificates for site clean up  


With the click of a button, 

Always without any on-the-ground inspection from the regulator

The government’s own research studied wellsite's 

Where reclamation certificates had been issued —

And found they were nowhere near back to normal.

“Every single wellsite failed.”

The cleanup bill for these wells is greater than the value 

Of the entire oil and gas industry.


The liability for these sites eventually reverts back to the taxpayer.



 “Full cycle” reclamation cost can range from $100,000, 

Up to millions of dollars for a really difficult well.

150,000 abandoned or inactive wells, 

 They all have to be clean up right now or in the coming years
Inactive wells in Alberta, August 2017. Source: Fuzeium Data.

Map of Oil & Natural Gas Drilling Health & Safety Issues

Another 100,000 or so wells have not officially

Declared abandoned or inactive but have

Been paying no royalties to the

Provincial government and will likely also

Become the problem of taxpayers and Landowners.

And if oil and gas companies aren’t setting aside the money to clean up

 Their own mess, just who is going to pay for it?  

You guessed it: the rest of us


Just this week, after the premier's controversial decision to mandate oil-production cuts of 325,000 barrels per day (or roughly 8.7 per cent) starting in January, the price for WCS surged.
You can see that at bottom right in the chart above —

 the red line's sudden, upward spike.


The Big players say that

Alberta’s heavy oil is a low-quality crude that

 Always sells at a discount to lighter, higher quality oil.

 It costs money to deliver it to Cushing which further reduces its price. 

Then it cost money to ship it back to Canada at full market price 

The natural discount for quality and transportation is 

$15 US to $20 US per barrel 

Which means if WTI is selling for $50 US a barrel we would expect 

WCS to sell for about $30 US to $35 US a barrel.  

Industry manipulates the current system.



Instead of fixing the real problems


Alberta calls for more pipelines,

Oil sands producers are using the pipeline to “air barrel” 

To buy oil for pennies on the dollar

If we had 10 pipelines they would still
 Game the pipeline system, 

Reducing capacity, lowering bitumen prices and costing 

The Alberta government royalty revenues.

Moreover the problem has existed for years 

While provincial and federal Governments have done little to end 

The gaming of the pipeline system.

“But instead of fixing the problem the regulators 

Allow big players to continue to scam the system, 

Standing idly by while royalty payments to Albertans are eroded” 

CALGARY - Oil production cuts announced by 

The Alberta government will have the 

Desired outcome of reducing steep discounts on its oil,


The government estimates Alberta is losing 

$80 million a day due to this discount, 

But Notley says the alternative is losing billions a year as

 Alberta oil is sold for pennies on the dollar for international oil.

Notley wants Alberta to buy rail cars to move oil, 

Wants Ottawa to chip in

Plus Alberta Government wants the Trans Mountain pipeline build 

False oil price narrative used to scare Canadians into accepting 

Trans Mountain pipeline

Alberta’s oil and gas companies have figured out how to pull off  

“bankruptcy-for-profit”— and it’s the scheme of the century.  

This is working so well

Prime Minister Justin Trudeau gives struggling oil sector $1.6B boost

Lead author Ian Hussey said 

Suncor, CNRL, Cenovus, Imperial and Husky have remained 

"incredibly profitable corporations," 

Banking and paying out to shareholders $13.5 billion last year.

ALBERTA  OIL SANDS INDUSTRY
Oil firm ceasing operations, leaving thousands of Alberta wells untended

Alberta’s Growing $30-Billion Liability: Inactive Wells

Mega-Fracking Brings Big Jump in Industry Water Use

Big Dams and a Big Fracking Problem in B.C.’s Energy-rich Peace River Region

582px version of InactiveWellsGraph.jpg
It would cost you to clean up Alberta’s oil patch? $260 billion

Alberta’s Oil Patch isn’t an Emergency now

We save ourselves $260 Billion Today. Plus

 The Climate Budget that you see here would cost Canada Billions 

This is money Canada does not have

If the Big Five are able to continue to steer provincial and federal fiscal, 
energy, and climate policies,




What is more, Humanity likely doesn’t have three decades 
To dramatically reduce fossil fuel use. 
“According to the government of Alberta’s own data,
 Alberta has granted approvals that cumulatively add up to 
131 megatonnes of emissions — 
blowing well past its own 100 megatonne oilsands limit and consuming a massive share of Canada’s own climate budget,

Alberta’s official energy plan is to increase oil sands emissions 
From 70 to 100 megatonnes per year by 2030.
That 30-megatonne increase is roughly equal to the annual greenhouse gas emissions from 
All the cars, trucks, buses, and boats currently used by 14 million people in Ontario. 

Put another way, by 2030 Alberta’s annual extra oil sands emissions will be equal to Importing an Ontario’s worth of vehicle GHGs each year thereafter.

 For decades.

PLUS 


Still the Canadian governments continue to hand out billions of dollars in 

Fossil fuel subsidies, 

Without disclosing to the public the value of the financial supports and 

Tax provisions available to the industry.

IMF Pegs Canada’s Fossil Fuel Subsidies at $34 Billion

Bloomberg has called fossil fuel subsidies "Canada's dumbest policy"

Wasteful, expensive, environmentally destructive, and unnecessary.

Two-thirds of Canadians are strongly opposed to

Federal and provincial governments using public dollars 

To subsidize oil and gas companies.

Despite this significant public opposition, 

The Canadian governments continue to hand out

 Billions of dollars in fossil fuel subsidies, 

Without disclosing to the public 

The value of the financial supports and tax provisions available to the industry.

NDP Premier John Horgan just gave a

$6-billion a year tax break for LNG producers in BC

This is over and above what Canada gives

Fossil fuels subsidised is going up by $10m a minute, says IMF 

The total petroleum subsidies in Canada in 2011 was $20.23 billion 

More than 20 times the annual budget of Environment Canada.



Today our Current Outstanding Public Debt of Canada is approximate: 

$629,572,079,450.28 CDN.





Believe it or not


Alberta


Will be $71 billion of debt by the time the 








This is a dramatics change in fortunes for a province  


That celebrated being debt free 20 years earlier

The current population of Canada is 37,043,982 as of 

Thursday, October 11, 2018, 

Canada Population (LIVE)

Every Man . Woman and Child in Canada pays 

Over 41.6 Billion Dollars in Fossil Fuels subsidies

The Interest on the Debt 62.8 Billion Dollars 

Total 102.8 Billion Dollars 

 The Government promise they would stop this 

We are still paying and it's getting bigger every year 

Canada only takes in 147.7 Billion 

This is why 

The Government of Canada borrows much of the monies to cover its shortfalls 


In 1974 the Basel Committee was established by the central-bank

 Governors of the Group of Ten countries of the member central banks of the

 Bank for International Settlements (BIS), which included Canada. 

A key objective of the Committee was and is to maintain 

“monetary and financial stability.” 

To achieve that goal,

 The Committee discouraged borrowing from 

A nation’s own central bank interest-free

 And encouraged borrowing from private creditors,

 All in the name of “maintaining the stability of the currency.”

Our Current Outstanding Public Debt of Canada is approximate:
$629,572,079,450.28 CDN.

Rather than creating money through the Bank of Canada interest-free.

Canadian taxpayers have paid one trillion, 

($1,100,000,000,000) in interest on the federal debt to private lenders.

 This accumulated debt was monies borrowed to service the debt, 

Essentially a payment of interest on interest 

To understand how ridiculous the present situation is, 

Consider the 1993 Auditor General of Canada report 


This “subsidy” to the private lenders must end.

The solution to this problem is simply for the government to stop borrowing 

money from private lenders at interest and borrow from the 

Bank of Canada at no interest. 

The private banks should also be prevented from creating money. 

That right should be returned to the People of Canada 

Through the Bank of Canada.

This is one reason why Canada is the next Argentina




While Canada slashes budgets for research, education and public broadcasting,

There is one part of our economy that enjoys remarkable support from the 

Canadian taxpayer 


The Canadian oil and gas industry
The big Five gets all the oil and the subsidies they are doing just fine,"
Suncor, CNRL, Cenovus, Imperial and Husky have remained 
Banking and paying out to shareholders $13.5 billion last year.
"There's no question that the price crash 
Had a major impact on the industry in Alberta
Plus Oil sands producers are using “air barrels” 

To game the pipeline system, reducing capacity, 

Lowering bitumen prices and costing 

The Alberta government royalty revenues.
Canadian government continue to hand out 

Billions of dollars in fossil fuel subsidies,

Making Canada Number One in the World

The International Monetary Fund estimates that energy subsidies in Canada 

Top an incredible $40 billion each year in direct support 

To producers and uncollected tax on externalized costs making 

Canada the largest provider of government support for oil and gas production 

Per unit of GDP in all G7 countries

In comparison to other countries, 

Canada provides more subsidies to petroleum as a proportion of 

Government revenue than any developed nation on Earth 

The Canadian Government continues to use billions in taxpayer money

By offering tax breaks, fiscal supports and direct grants to encourage the 

Production of more oil, gas and coal, 

The true cost of these subsidies are “hidden” from Canadians, 

Many Canadians accept the situation as normal, 

Something that can't be changed. 

Yet they do not question the absurdity of this reality. 

Here are the world rankings of Canada's natural resources:

Potash, #1

Uranium, #2

Oil, deposit #3 (production #6)

Nickel, #4

Diamond, #5

Salt, #5

Zinc, #6

Gold, #9

Copper, #9

Many Middle East countries are rich because of oil,

Just look at Saudi Arabia

Over the last 10 years,


In addition to oil.

Canada has many other valuable natural resources 

Today Canada's oil is 71% owned by Foreign Entities

 Most of the benefits go to Foreign Entities and Big Businesses 

This is why our Resource-Rich Canadian Government is Always Poor

The Truth is 

The only benefit Canadians get is a Job to pay for roads, schools and hospitals

The Canadian oil and gas industry now employs about 180,000 workers,

As if to drive the point home, 

 Alberta, produces 2.5 million barrels of oil per day 

912.500.000 barrels of oil per year 

Because all the benefits and the subsidies goes to 

Foreign Entities and Big Businesses

 It costs Canada 5,064.444 barrels every year 

Just to keep one full time worker [working]

When the Kinder Morgan Pipe Line gets build

It will pump out three times more oil 

Just to keep one full time worker [working]

The truth is

Canada should be one of the Richest Nations in the World 

The Canadian budget makes it abundantly clear where its revenues come from

It's not from Canada's natural resources 

If you look at the Public Accounts graph you will see

It comes from you

Made the pipeline a National Security Issue

It’s in the national interest of Canada

 To keep Canadians working

Our Government needs these Jobs to keep the economy going

You get a job to pay taxes to pay for roads, schools and hospitals

Let's share actual facts about the Trans Mountain pipelineKinder Morgan initially told the National Energy Board in 

2013 the expansion would create 2,500 temporary construction jobs over 

Two years with 90 permanent jobs.
Even that number is high, 

With several jobs already held by people who work on the existing pipeline.

We’ve Got New Trans Mountain Data And We’re Sharing It 

Our Current Outstanding Public Debt of Canada is approximate: 

$629,572,079,450.28 CDN.


Believe it or not

Alberta

Will be $71 billion of debt by the time the 

This is a dramatics change in fortunes for a province  

That celebrated being debt free 20 years earlier

The truth is

The Government sold Canada's oil 

For far less than any other Country in the World


Canadian oil is 60% cheaper than US.

Canada Buys back the oil at Full Market Price 

It's all because

China is now the biggest investors in the Alberta oil sands

More than two-thirds or 71% of the ownership of oil sands production in

This is why the

Alberta government collected more in gambling and casino revenue

That it did in royalties from oil companies 


Plus 

Export Development Canada also finances oil production in other countries,

Spending almost $12 billion in 2016 and $10 billion in 2017 


Plus


The U.S. shale-oil industry by somewhere around $25 billion per year.

Justin Trudeau’s Liberal government and the provinces also continue to give


$40 billion is obviously a lot of money

What could Canada do with an extra $40 billion a year? 



Both Vancouver and Toronto are struggling with how to fund 
Long overdue upgrades to public transportation. 
What about green energy infrastructure? 
Adding solar and wind capacity provides some of the best job-generation per dollar of any option available -- 
More than seven times the employment from an equivalent investment 

In oil and gas extraction.
 Extrapolating the findings from a 2012 report on green jobs,
 $34 billion could create 500,000 person years of employment and 
Install more than 150,000 megawatts of clean generating capacity. 
Canada currently ranks 12th in the G20 on green energy investment and 
Has been steadily falling behind our competitors.
Canada’s infrastructure deficit of crumbling roads and outdated water and sewage treatment is pegged at $171 billion. 
This backlog could be wiped out in five years with the revenue we are subsidizing to the energy sector.
Of course, not all things of value can be measured by bricks and mortar. 
Thirty-four billion dollars each year 
Could provide $10-a-day childcare for 5.5 million children ages 0 to 5. 
The exact amount changes from year to year,


So this is a yearly average based on estimates from the period 2013-2015

With specific data used for all years available and averaged.


During periods of higher oil prices, 



(such as those in Alberta)

Were higher in 2013 than in 2015”

Dollars to subsidize a fossil fuel industry 

These are some of the largest current subsidies to the fossil fuel industry in Canada.
Subsidy nameWho gives it?Who gets it?How much is it worth?*
Canadian Development ExpenseCanadaOil and gas companies$1,018 million
Canadian Exploration ExpenseCanadaOil and gas companies$148 million
Crown Royalty ReductionsAlbertaOil and gas companies$1,161 million
Deep Drilling CreditBritish ColumbiaGas companies$271 million
Atlantic Investment Tax Credit**CanadaOil and gas companies$127 million
Other subsidiesFederal and provincialOil and gas companies$589 million
Total$3,314 million
Justin Trudeau’s purchase of the



Everyone remembers President Trump calling NAFTA


He is 100% right this is the worst trade deal for Canada

 Trump just unveiled the new trade world order.


Plus


Canada is 150 years old

Everyone in Canada is asking why do we need NAFTA

When we do not have Free Trade in Canada

Why would our Government sign a treaty like this with the USA.

 Now we have no control even over our pipeline


Trump proposes gutting fuel economy rules in 



The truth is 


The price plunge has wounded Canada's oil patch. 


Will Alberta, budget threatens to send us over the fiscal cliff with

Higher spending, higher taxes and a plan that plunges

Believe it or not, into $71 billion of debt by the time the

NDP face voters in 2019,"







After 100 years of Alberta oil


This means


Plus our Government is selling everything that can be sold 

Cheaper than any other nation in the World 

To make up the loss of natural resources revenue




The truth is


Will be paying for things that they don't get to enjoy,

Canadian Children will not be able to afford to work or live in Canada

This has already started in most Canadian Cities 

'Those poor kids in elementary school now don't know what's hitting them,

But they sure will when they get a job and they start paying taxes."








Because

Stephen Harper signed treaties that no other Government would dare sign

One is called the


Canadians we are now “price takers”; if we want oil,

For the next 31 years



For comparison, 

The average price of gasoline in the world for this period is 

10.15 Chinese Renminbi .


Canadians want resources national, not provincial. 


[NO]

We do not even have Free Trade in Canada

Remember the state oil company’s it was a very expensive lesson

 That our government can’t run things 


When you were a kid going to school their was always one kid in school



Their mother used to give them lunch money and a group of kids used to take it



 From them then tell him they needed more money the next day

When you tried to get him to go to the teacher

He would always turn on you 

[They are my friends ]

This is our Government they think this is the 

Greatest deal in the history of Canada

This is why the Public Debt of Canada is approximate: 

$629,572,079,450.28 CDN.

Donald J. Trump thinks this is


Donald J. Trump is 100% right this is the worst deal for Canada 

Donald J. Trump is doing the exact same thing with  NAFTA

The Oil Companies have been doing to Canada for years

Our Government gives everything away even our water

Then they sign treaties that no other countries would dare sign


Because the pipeline is now a National Security Issue

It’s in the national interest of Canada

 To keep Canadians working


 For a pipeline thinking if

Canada was to suddenly embark on a pipeline-building spree,

It would boost oil production by three times to Asia

Which would then boost the value of the dollar

Bring more money into Government Coffers

If this is true why does

Justin Trudeau’s Liberal government and the provinces also continue to give


Despite having pledged to phase them out.

The fiscal, investment and labour benefits of

Alberta’s oil and gas industry have also declined,

And it’s very unlikely they’ll bounce back to previous levels.

Non-renewable resource revenue, chiefly royalties and land leases,

Were 30 to 40 per cent of the provincial government’s revenue during

The oil sands boom between 2000 to 2011, but only 5.7 per cent in 2015-16.

In 2017, the oil sands supported and created more than 223,000

Direct and indirect jobs across Canada.
Alberta oil Jobs are backsliding 
Alberta employs about 140,000 people in the oil and gas sector 
Only 6 percent of the provincial total now.

And almost 100,000 fewer jobs than

Canada’s environmental and clean technology industries.

[ The Chinese want their own workers ]

While royalty rates in Newfoundland are the highest in Canada,

In Alberta they have fallen from a 40 per cent high during the 1970s to


Companies like Chevron Canada paid almost three times as much to Nigeria

And almost seven times as much to Indonesia as it did to

Canadian, provincial and municipal governments.

Chevron used to run its Nigeria and Indonesia projects out of the U.S.,


Their operations were moved to Canada.

Suncor also paid six times more taxes to the UK, and

Canadian Natural Resources Limited (CNRL)

Paid almost four times more to Ivory Coast

Oil giants pay billions less tax in Canada than abroad
This is why

It's costing Canadians Billions and Billions of Dollars every year





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