>If energy is Canada’s superpower, complacency is its kryptonite. This reality has been exposed again this past month as it’s become increasingly clear that new pipeline egress will primarily head south to the U.S., not west to Asia, in the coming years.
>Our inability to leverage our world-class oil reserves in our foreign policy by building pipelines to global markets has been a perennial weakness. It is still bewildering that we are doing it again.
Yes, I also find this utterly bewildering. Can we not partner with Europe and/or Asia for their capital and our energy?
DukeandKate on
Absolutely true. But in the other hand we need a strong economy to pay for social services and upgrade our military.
Both are not exclusive. If the Americans want more oil they can pay for it. Canadian taxpayers should not invest in the pipeline.
shiftless_wonder on
>What about—and here, I could quote Carney’s entire Davos speech, but let me just choose a handful of invocations—“reducing the leverage that enables coercion,” “prioritizing broad engagement to maximize our influence,” and especially the assertion that “diversification internationally is not just economic prudence, it’s a material foundation for honest foreign policy, because countries earn the right to principled stands by reducing their vulnerability to retaliation”?
There is no doubt in my mind that Canada’s strategic interests would be best served by enhancing the ability to ship crude oil to new trade partners in Asia with a northwest pipeline ending in Prince Rupert or thereabouts. We should have prioritized this pipeline.
What we did instead was make the pipeline to the coast of B.C. the most expensive, contentious, and risky, creating incentives for Alberta oil producers to ship more of their barrels to the U.S. at a fraction of the cost.
The path of least resistance. Getting things done in the US: possible. Getting shit done in Canada: not a chance.
Arbiter51x on
„Canada“ can not be an energy superpower. period.
Canada doesn’t not control its own energy supplies.
Control at the provincial level, foreign ownership, dissolved crown corporations, lack of a national energy plan or department, first nations and environmental assessment- all of this kills any potential for canada to become a serious player beyond our existing capacity. And FYI the oil g8ants have been fleeing canada doesn’t the last five years.
Matches_Malone998 on
We need pipe lines east and west. We are 15 years behind where we need to be to compete.
TMTCoCo on
Trading with the world’s largest economy isnt the issue. The issue is we dont process anything ourselves, so we buy back our own processed materials. If we processed our raw materials and then exported we would be in much better shape
whoaaa_O on
The fact we have to rely on the US to process our crude into intermediates and distillates is insane. That where the money is made and we’re just handing that over south of the border.
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“We should export energy!”
“No, not that kind of energy!”
We have the Crude all we need are the refineries.
>If energy is Canada’s superpower, complacency is its kryptonite. This reality has been exposed again this past month as it’s become increasingly clear that new pipeline egress will primarily head south to the U.S., not west to Asia, in the coming years.
>Our inability to leverage our world-class oil reserves in our foreign policy by building pipelines to global markets has been a perennial weakness. It is still bewildering that we are doing it again.
Yes, I also find this utterly bewildering. Can we not partner with Europe and/or Asia for their capital and our energy?
Absolutely true. But in the other hand we need a strong economy to pay for social services and upgrade our military.
Both are not exclusive. If the Americans want more oil they can pay for it. Canadian taxpayers should not invest in the pipeline.
>What about—and here, I could quote Carney’s entire Davos speech, but let me just choose a handful of invocations—“reducing the leverage that enables coercion,” “prioritizing broad engagement to maximize our influence,” and especially the assertion that “diversification internationally is not just economic prudence, it’s a material foundation for honest foreign policy, because countries earn the right to principled stands by reducing their vulnerability to retaliation”?
There is no doubt in my mind that Canada’s strategic interests would be best served by enhancing the ability to ship crude oil to new trade partners in Asia with a northwest pipeline ending in Prince Rupert or thereabouts. We should have prioritized this pipeline.
What we did instead was make the pipeline to the coast of B.C. the most expensive, contentious, and risky, creating incentives for Alberta oil producers to ship more of their barrels to the U.S. at a fraction of the cost.
The path of least resistance. Getting things done in the US: possible. Getting shit done in Canada: not a chance.
„Canada“ can not be an energy superpower. period.
Canada doesn’t not control its own energy supplies.
Control at the provincial level, foreign ownership, dissolved crown corporations, lack of a national energy plan or department, first nations and environmental assessment- all of this kills any potential for canada to become a serious player beyond our existing capacity. And FYI the oil g8ants have been fleeing canada doesn’t the last five years.
We need pipe lines east and west. We are 15 years behind where we need to be to compete.
Trading with the world’s largest economy isnt the issue. The issue is we dont process anything ourselves, so we buy back our own processed materials. If we processed our raw materials and then exported we would be in much better shape
The fact we have to rely on the US to process our crude into intermediates and distillates is insane. That where the money is made and we’re just handing that over south of the border.