It will take a while for the oil infrastructure in Venezuela to be restored so we have some time, but if we don’t use the time we have now to figure out how to prepare for that eventuality then I guess we deserve whatever happens
scottsuplol on
Push to export. Push past the red tape. It’s the only thing we can do now. Every day wasted leads to lost jobs and wealth for Canada.
MassiveBasil9948 on
How’d you like them pipelines now?
WiseMentor2946 on
Does Canada have a clear plan to handle these kinds of energy shocks, or are we just reacting as things happen?
ArugulaElectronic478 on
lol good luck with that, the country isn’t even stable and people are acting like they can start pumping oil tmmr.
All the compounding factors that go into operating those fields is gonna make Alberta’s tar sands far more cost competitive.
DZello on
Canada should diversify its economy and reduce its dependence on oil, but it’s probably too late now.
Far_Way_6322 on
Private businesses won’t invest in Canada’s pipelines, unless the government cuts red tape, ludicrously long environmental evaluations and deals with the activism of parasitical naysayers.
NegotiationLate8553 on
Yea it’s almost like we needed to make a deal…
gstringwarrior on
Counter point:
All meaningful change actually starts when extreme impact occurs.
This invasion is actually good and will (hopefully) force bipartisan response to a longer term future of economic stability centred around our oil exporting.
Plus, you have to consider that Trump says a lot of things that don’t ever happen. Not only will it take years (probably more than he has left as President) to get things going, but the people of Venezuela will have guerilla warfare and Moduro sympathizers who will not just simply let America do as they please.
I believe this will force Canadian leadership to move on the pipelines, focus on inter provincial restrictions and continue our focus of international trade.
I understand it’s scary and uncertain times, but hang in there my fellow Canadians. We are Canada and we will be okay.
Thin-Honey892 on
Canada isn’t at the top of the largest reserves in the world.
RefrigeratorOk648 on
Maybe Alberta should of followed through on diversifying it’s economy when Jason Kenney said it should diversify years ago.
MDFMK on
I’m sure the elbows up crowd will lose their mind when the money stops and they have to do cuts as we fail to develop our resources and Venezuelan oil replaces ours capacity or at least drives down price per barrel. Canada get to feel results of a decade of gross mismanagement by federal liberals for a long time yet. GTA, and home price crashes are going to be historical as capital allocation moves and doesn’t return and it is 100% deserved. It will be hard to know how the rest of Canada real estate does it will probably be downward trend but the collapse their will be the first domino as investors re balance to a new world energy outlook.
Keepontyping on
Let’s all ask Guilbeaut what to do.
Conscious-Story-7579 on
(Over)Supply difficulty making Canadian oil less profitable also lowers the bar for OPEC to make it completely unprofitable, whenever the mood strikes.
nyrangerfan1 on
Wishful thinking. The market will decide what’s cost effective and it won’t be Canadian oil. What’s the point of more pipelines if there’s a cheaper alternative available putting downward pressure? Not to mention, long-term contracts? With a government that constantly has shown a willingness to rip anything up at the whims of a wannabe Putin? We need to start thinking about post-oil. Sure we can try milking it in the near/mid-term, but those investments would need to pay off immediately because in long run, we’ll be on the hook.
RazerRadion on
The US will have to invest hundreds of billions of dollars along with military resources and it will probably take a decade. Sounds like they are going to be busy blowing cash and time while we do our own thing. Sounds fine to me.
afoogli on
The infrastructure is already there, Chevron never left and was only limited politically, now there is nothing holding them back. The US has and will commit billions to develop it, the gulf refineries are already set up or can easily transition to the new oil.
This oil is also very easily movable to refineries and worldwide, both the Atlantic and Pacific are open via Panama Canal(future target). Pipelines are not important if they develop. This isn’t a decade it’s a few years at best
21 Kommentare
It will take a while for the oil infrastructure in Venezuela to be restored so we have some time, but if we don’t use the time we have now to figure out how to prepare for that eventuality then I guess we deserve whatever happens
Push to export. Push past the red tape. It’s the only thing we can do now. Every day wasted leads to lost jobs and wealth for Canada.
How’d you like them pipelines now?
Does Canada have a clear plan to handle these kinds of energy shocks, or are we just reacting as things happen?
lol good luck with that, the country isn’t even stable and people are acting like they can start pumping oil tmmr.
All the compounding factors that go into operating those fields is gonna make Alberta’s tar sands far more cost competitive.
Canada should diversify its economy and reduce its dependence on oil, but it’s probably too late now.
Private businesses won’t invest in Canada’s pipelines, unless the government cuts red tape, ludicrously long environmental evaluations and deals with the activism of parasitical naysayers.
Yea it’s almost like we needed to make a deal…
Counter point:
All meaningful change actually starts when extreme impact occurs.
This invasion is actually good and will (hopefully) force bipartisan response to a longer term future of economic stability centred around our oil exporting.
Plus, you have to consider that Trump says a lot of things that don’t ever happen. Not only will it take years (probably more than he has left as President) to get things going, but the people of Venezuela will have guerilla warfare and Moduro sympathizers who will not just simply let America do as they please.
I believe this will force Canadian leadership to move on the pipelines, focus on inter provincial restrictions and continue our focus of international trade.
I understand it’s scary and uncertain times, but hang in there my fellow Canadians. We are Canada and we will be okay.
Canada isn’t at the top of the largest reserves in the world.
Maybe Alberta should of followed through on diversifying it’s economy when Jason Kenney said it should diversify years ago.
I’m sure the elbows up crowd will lose their mind when the money stops and they have to do cuts as we fail to develop our resources and Venezuelan oil replaces ours capacity or at least drives down price per barrel. Canada get to feel results of a decade of gross mismanagement by federal liberals for a long time yet. GTA, and home price crashes are going to be historical as capital allocation moves and doesn’t return and it is 100% deserved. It will be hard to know how the rest of Canada real estate does it will probably be downward trend but the collapse their will be the first domino as investors re balance to a new world energy outlook.
Let’s all ask Guilbeaut what to do.
(Over)Supply difficulty making Canadian oil less profitable also lowers the bar for OPEC to make it completely unprofitable, whenever the mood strikes.
Wishful thinking. The market will decide what’s cost effective and it won’t be Canadian oil. What’s the point of more pipelines if there’s a cheaper alternative available putting downward pressure? Not to mention, long-term contracts? With a government that constantly has shown a willingness to rip anything up at the whims of a wannabe Putin? We need to start thinking about post-oil. Sure we can try milking it in the near/mid-term, but those investments would need to pay off immediately because in long run, we’ll be on the hook.
The US will have to invest hundreds of billions of dollars along with military resources and it will probably take a decade. Sounds like they are going to be busy blowing cash and time while we do our own thing. Sounds fine to me.
The infrastructure is already there, Chevron never left and was only limited politically, now there is nothing holding them back. The US has and will commit billions to develop it, the gulf refineries are already set up or can easily transition to the new oil.
This oil is also very easily movable to refineries and worldwide, both the Atlantic and Pacific are open via Panama Canal(future target). Pipelines are not important if they develop. This isn’t a decade it’s a few years at best
The US has never been pro Canadian oil. [Obama cancelled Keystone](https://obamawhitehouse.archives.gov/the-press-office/2015/11/06/statement-president-Keystone-XL-pipeline). [Biden cancelled it again](https://www.cnbc.com/2021/06/09/tc-energy-terminates-keystone-xl-pipeline-project.html). Trump is hunting for oil in Venezuela. [The only real reason we’re selling to them at all was precisely because Chavez and Maduro came into power and self sabotaged Venezuelan oil production](https://www.cbc.ca/news/politics/how-venezuelan-crude-could-shake-things-up-for-canadian-producers-9.7019971). At what point will Canadians be ready to admit that maybe we should just not prioritize selling oil to them? It’s clearly a terrible strategy. We should’ve started exporting LNG to Europe ages ago.
Pas l’choix d’abord, fait faire un tuyau jusqu’en Beauce en passant par Lévis
Ever more reason to not bet the farm on oil.
Let’s pivot to our minerals/rare earths
Unless Trump makes a deal with Maduro, I can’t imagine pro-Maduro goons not engaging in any sabotage guerilla warfare.