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Canadian oil / gas production and shipping


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#1401 Victoria Watcher

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Posted 04 November 2021 - 07:34 AM

Ok, how do I buy uranium?  Like, stock, not a bucket of it to drive around with...

 

screenshot-www.google.com-2021.11.04-11_31_45.png



#1402 LJ

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Posted 04 November 2021 - 07:50 PM

Cameco is a great stock, mine's up 96%. EFR and DML are two other good gainers.


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#1403 Victoria Watcher

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Posted 08 November 2021 - 10:09 AM

Pipeline pile-on: Biden faces heat from Canada, Republicans, Michigan’s governor and the price of propane

 

The president is caught between environmentalists and Indigenous groups on one side and Republicans blaming him for soaring energy prices on the other.

 

https://www.politico...ane-cost-519788


Edited by Victoria Watcher, 08 November 2021 - 10:09 AM.


#1404 Victoria Watcher

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Posted 14 December 2021 - 04:14 AM

screenshot-oilprice.com-2021.12.14-07_11_07.png

 

This seems like pretty good news.  Rambling along.

 

https://oilprice.com/oil-price-charts/



#1405 Mike K.

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Posted 07 January 2022 - 10:27 PM

Marathon has successfully reversed its Capline pipeline north to south, allowing Canadian crude to flow to the Gulf, and then on to world markets. Canadian crude prices are on an upwards trajectory now.

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#1406 Barrrister

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Posted 08 January 2022 - 08:09 AM

I wonder how Canada will pay for all its imports if oil stops fueling all the cars in a few years? 



#1407 Victoria Watcher

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Posted 08 January 2022 - 08:23 AM

I wonder how Canada will pay for all its imports if oil stops fueling all the cars in a few years? 

 

I think only about 25% of our oil is used for gasoline/diesel.  And none of our gas.

 

Oil can't stop "fueling all the cars in a few years" because the fleet will also take at least 20 years to turn.


Edited by Victoria Watcher, 08 January 2022 - 08:23 AM.


#1408 Barrrister

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Posted 08 January 2022 - 08:25 AM

My point is that our balance of trade is rather precarious at best and as oil decreases it is a real concern for the country moving forward.



#1409 Victoria Watcher

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Posted 08 January 2022 - 08:29 AM

My point is that our balance of trade is rather precarious at best and as oil decreases it is a real concern for the country moving forward.

 

We expect another 8-10 million immigrants over the next 20 years.   So they will need heating fuel.  And WD40.  Oil for their bike chains.  Plastic for their car interiors.


Edited by Victoria Watcher, 08 January 2022 - 08:30 AM.


#1410 Barrrister

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Posted 08 January 2022 - 09:54 AM

VicWatcher: Domestic consumption is does not pay for imports. The increased population actually  means we either need to increase exports or shrink imports. If you are feeling poorer than ten years ago it is probably because you are.



#1411 Victoria Watcher

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Posted 08 January 2022 - 10:00 AM

I don’t think we should ship raw petroleum. Any more than raw logs or raw potash.

We need to value add prior to export. For potash we could raise those little window-sill cactuses for export.

Edited by Victoria Watcher, 08 January 2022 - 10:01 AM.


#1412 Victoria Watcher

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Posted 18 January 2022 - 01:50 PM

Goldman Sachs is now calling for oil prices to hit $100 a barrel later this year and continue rising in 2023, signaling higher prices at the pump are on the way.

 

In a Monday evening report to clients, the Wall Street bank backed up its bullish call by citing "robust fundamentals" in the oil market, a "surprisingly large" supply deficit and diminishing firepower from OPEC and its allies. Goldman Sachs (GS) also pointed to diminished appetite to invest in oil due to the energy transition.
 
By summer, the bank expects oil inventories in advanced economies will sink to their lowest level since 2000.
 
That's why Goldman now expects Brent crude, the world benchmark, will hit $100 a barrel in the third quarter of this year, up from the bank's prior call for $80. Goldman sees Brent hitting $105 a barrel next year, up from a previous forecast of $85.
 
 
 

Edited by Victoria Watcher, 18 January 2022 - 01:50 PM.


#1413 Mike K.

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Posted 18 January 2022 - 01:55 PM

That must be from all of the declining demand due to carbon taxes.


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#1414 Mike K.

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Posted 31 January 2022 - 03:40 PM

Province releases results of oil and gas royalty review public engagement

The majority of British Columbians who participated in the oil and gas royalty review public engagement are in favour of a revamped royalty system that puts the interests of British Columbians first and eliminates outdated, inefficient fossil-fuel subsidies, according to results published in a followup What We Heard report.

“The message is clear: What may have worked 30 years ago does not work today and a new approach is essential for our future,” said Bruce Ralston, Minister of Energy, Mines and Low Carbon Innovation. “I want to thank everyone who took the time to participate, helping to shape the way we move forward.”

The review of B.C.’s oil and gas royalty system is a mandate commitment for the Ministry of Energy, Mines and Low Carbon Innovation. As part of the review, the Province commissioned an independent assessment of the current royalty system. A subsequent discussion paper was released in November 2021, which began the public engagement process that concluded in December.

The Province gathered feedback from 938 respondents through the EngageBC website, 4,632 emails and 98 written submissions.

The survey asked questions about respondents’ understanding of the oil and natural gas industry in B.C., and specific questions regarding the Independent Assessment and Discussion Paper (e.g., level of agreement with the conclusions of the independent assessment, opinions on overarching goals for the Royalty Review Project, alternative royalty structures, and transitioning to a new royalty framework).

The majority of participants, at 77%, agreed with the conclusions of the government-commissioned independent assessment that the natural gas royalty framework is outdated and needs comprehensive reform with environmental protection being the most important overarching goal. More than half of respondents also felt transitioning to a new royalty structure should be a priority.

The outcome of the royalty review is expected this spring.

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#1415 Victoria Watcher

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Posted 28 March 2022 - 01:01 PM

Four provincial governments are pushing ahead with a plan to develop nuclear power in Canada.

Saskatchewan, Ontario, New Brunswick and Alberta have released their strategic plan to expand the nuclear industry through the development of small modular reactors (SMR).

SMRs are, as their name implies, much smaller than a traditional nuclear reactor. They can be built in a factory and transported by truck, train or ship.

https://www.cbc.ca/n...anada-1.6399928




So these cost about $5 billion and cost half (roughly) the price of Site C, while providing about 1/3 of the power. Roughly.

Edited by Victoria Watcher, 28 March 2022 - 01:02 PM.


#1416 sebberry

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Posted 28 March 2022 - 01:51 PM

Why no mention of the fuel source?


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#1417 Victoria Watcher

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Posted 28 March 2022 - 02:02 PM

Uranium I presume.




Uranium I Presume is touring with Tinto Rocks in 2026.

Edited by Victoria Watcher, 28 March 2022 - 02:03 PM.

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#1418 Mike K.

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Posted 28 March 2022 - 02:21 PM

Is it nuclear family-friendly?
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#1419 Mike K.

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Posted 30 March 2022 - 06:09 AM

Germany went energy woke and now is going gas broke. Might want to grab a blanket, emissions targets are going to be met real soon:

Germany triggered an emergency plan to manage gas supplies on Wednesday that could see Europe’s largest economy ration power if a standoff over a Russian demand to pay for fuel with roubles disrupts or halts supplies.

Moscow’s insistence on rouble payments for Russian gas that has met a third of Europe’s annual energy needs has galvanized other European states: Greece called an emergency meeting of suppliers, the Dutch government said it would urge consumers to use less gas and the French energy regulator told consumers not to panic.

The demand for payment in roubles, which has been rejected by G7 nations, is in retaliation for the West imposing crippling sanctions on Russia for its invasion of Ukraine.

Moscow, which calls its actions in Ukraine a “special military operation,” says Western measures amount to “economic war.”

- https://nationalpost...ussian-standoff

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#1420 dasmo

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Posted 30 March 2022 - 12:49 PM

I wonder how Canada will pay for all its imports if oil stops fueling all the cars in a few years? 

It is going to take oil to make and ship all those electric cars people will be buying! From Chemicals, to plastic, to mining, to tires, to lubes etc.



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