Saturday, September 28, 2019

It's Canada's Biggest Lie



Canada oligopolistic wholesale market has the characteristics of a natural monopoly


Economic cheerleading by federal and provincial politicians and the mainstream media on behalf of the oil industry is doing the public a great disservice. 

When the party is over in the oil patch, 

 Canadian taxpayers may find themselves doing the dishes

 Our nation has an employed population of 18.4 million, 

 Meaning the average working person would have to pony up $14,000 to pay for 

Alberta’s special relationship with the oil industry.

 Contrary to claims made by

 Prime Minister Justin Trudeau 

 That the pipeline was essential for Canada’s future

 Declaring the Trans Mountain pipeline was a matter of national interest

 The Trans Mountain pipeline it had nothing to do with

Asian markets 

It has everything to do with enriching U.S.-based refineries.

 Because Obama administration announced it was halting construction on the remainder of the Keystone XL pipeline

 A 800,000 barrels a day pipeline of crude to
 terminals on the Gulf Coast.

 Prime Minister Justin Trudeau
 Spend C$4.5bn (US$3.45bn) Plus
To purchase

Kinder Morgan’s Trans Mountain Pipeline

not worth much more than $1 billion, 

When no other private investors would stepped up to take on the risk after 6 years of Looking:

The decade-long saga over the Keystone XL pipeline, which would stretch nearly 1,200 miles from Hardisty, Alberta, to Steele City, Neb., has been full of legal twists.

 The Keystone XL, was first proposed in 2008 under
President George W. Bush, would begin in Alberta and go to Nebraska, where it would join with an existing pipeline to shuttle more than 800,000 barrels a day of crude to terminals on the Gulf Coast.

 In 2015, on the eve of the international climate talks in Paris,

 The Obama administration announced it was halting construction on the remainder of the Keystone XL pipeline,

 Arguing approval would compromise America’s effort to reduce its greenhouse gas emissions. 

 Thank you Donald Trump 
Today 

 Trans Mountain Pipeline can now sit in the Courts forever

 Donald Trump issues new permit for Keystone pipeline

 Canada now has a 800,000 barrels a day pipe line of crude to terminals on the Gulf Coast

 Trump reversed Obama decision soon after taking office in 2017, saying the $8-billion project would boost

 American energy and create jobs.

 A presidential permit is needed because the project crosses a U.S. border.
When Obama administration announced it was halting construction on the remainder of the Keystone XL pipeline,

 Stephen Harper courted the Chinese more aggressively,

 Stephen Harper saw Billions in Asian
Remember 

Stephen Harper said foreign government-owned companies

Could only buy oil sands companies in

[The Exceptional Circumstances is Billions of Dollars]
[And the Loss of the Keystone XL pipeline]

 Stephen Harper signed treaties with China 

That no other countries would dare sign

They now call Stephen Harper:

Stephen Harper sold

Everything he could sell

It's all because

Everything is a National Security Secret

The Canadian Government Secret treaties are massive giveaways of

Canadian resources and rights with no vote in Parliament.

The Government will not learn they do the exact same thing every time

 Now they call it our Chinese oil sands

 Nexen could be just the beginning

 Prime Minister Stephen Harper once vowed not to sell

 Canadian values to the highest bidder and 

 Bestowed honorary Canadian citizenship on the Dalai Lama,

 To China’s chagrin; lately he’s softened his stance 

 Because.



In January, after the U.S. rejected the Keystone XL crude oil pipeline from the



Alberta oil sands to the U.S. Gulf,



Harper courted the Chinese more aggressively,



Visiting Beijing to discuss oil sales as part of a trade mission.


With the vast majority of Canada’s crude oil going to the U.S.

96% of Canada’s oil exports go to the U.S.

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

Most of it at a very steep discount.

 He’s said he’s keen to diversify.

The controversial Northern Gateway pipeline,

If approved, will tap into the surging demand in Asia.

He then sold everything he could sell to China


Today

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 what’s pushing everything in


Would you like to know why are

Foreign Chinese investors more important to our 

 Government than Canadians

 Because

Our Government has set its sights on becoming


The Government's goal was to establish

Vancouver as the first offshore settlement centre

For the Chinese currency renminbi 
also known as RMB or yuan

Clark said the federal government will be instrumental by making the connection

Between the Bank of Canada and People’s Bank of China

Last fall, the B.C. Government also became

The first foreign government to issue bonds in 
the Chinese RMB market,

Canada’s banks have mastered the manipulation of clandestine back channels

Around China’s currency control regulations for 
the Chinese people

That comes here on a 10-year visa can pull their money

Out of China to buy Homes and send their Children to school

Because you do not want Chinese people 
in your rich neighbourhoods

They are the people that have to pay the

Foreign Buyers Housing Tax of 20%

Not the people that are

Trading and Profiting in Properties as Commodities


That is pushing everything in

Canada beyond the reach of Canadiens

Following unprecedented


The industry’s fastest-growing source of capital has stepped back.

Add the high cost of oil sands production compared to U.S. shale producers,

Slow approval times for projects and prolonged delays in

Building major export pipelines

“Trans Mountain expansion”, to Vancouver BC

This makes the oil sands look much less attractive

From the perspective of potential Chinese investors.


Because it contains on average some


And results in a high ratio of low-grade Bunker C when refined.

As of 2020, according to industry reports,

U.S. refinery purchases of diluted bitumen for

Ship fuel will begin slowing to an eventual trickle,

Europe will buy none because it has the wrong refinery profile, and

Asian refiners will dedicate new refineries to produce

 low-sulphur diesel for Ship fuel.

“Exactly which Asian countries or refiners have signed 
long-term contracts

To purchase more Alberta bitumen for decades to come”?.

“Exactly how much have they committed 
to pay per barrel delivered?”

Because over 71% of the ownership of oil sands production is foreign own

The National Energy Board didn’t ask,

The answer is no one knows.

Is it time to panic

Prime Minister Justin Trudeau sure did big time

He made

The Trans Mountain pipeline a National Security Issue so

The federal government approved the Trans Mountain Pipeline expansion

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

Canada is owned by foreign entities

Because the pipeline is now a National Security Issue

It’s in the national interest of Canada

The Oil Sands and Trans Mountain pipeline is now Canada’s National Secret

Justin Trudeau paid $4.5 billion to Kinder Morgan

For their proposed Trans Mountain expansion,


Five Kinder Morgan executives can cash out 


The pipeline would triple the capacity of an existing pipeline running between

Canada’s tar sands in Alberta and the coast of British Columbia,

This will cost oil refinery jobs in Canada,

Which is where most employment in the oil industry exists.

Canada has been closing refineries for years now.

The pipeline will only accelerate this trend.


  China currently relies on just five countries for two-thirds of its oil imports not Canada 

Saudi Arabia supplies 15 per cent 
While Iran and Venezuela combined have historically accounted for another 10 per cent. 

 Saudi Arabia’s abilities are now in question and supplies from the latter two countries have been interrupted by sanctions and, 
In the case of Venezuela, economic collapse.

  Why did Trudeau buy the Pipe line ?

 It was the loss of 800,000 barrels a day pipline
The Keystone XL pipeline to the Gulf Coast.

 Why is Trudeau so desperate

 In 2016, Stephen Harper Government began negotiating

A free trade agreement with China.

At the time, the Globe and Mail reported,


Canadian concessions on investment restrictions and a commitment to build an

Energy pipeline to the coast”.

So the logic to

Trudeau’s action may lie in an obscure and often overlooked agreement

That was signed by Stephen Harper 

He's trying to 

“Protect and promote” 
Foreign investment

Not Canadians


Called the Canada-China Foreign Investment Promotion and Protection


[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.


Maybe this is why Trudeau had to buy

A pipeline to the coast that one wants today

That will not raise bitumen prices,

Because of all global markets

Discount junk crude due to its poor quality.

“Oil price and supply evidence continues to clearly show there is

No economic case for the Trans Mountain expansion project.

The pipeline plus tanker toll to northeast Asia 
is over $8 US. Per barrel,

Since it costs more to ship bitumen to Asia

Canadian producers would actually receive less for their oil using

The Trans Mountain pipeline

The Oil Sands and Trans Mountain pipeline is

Canada’s National Secret and it’s still today

When Prime Minister Justin Trudeau was running for office

He said vote for me I’m going to stop the pipeline

Everyone in Canada believed him

 He did not know about

[Fipa] or NAFTA

Maybe this is the reason why Justin Trudeau made

The Trans Mountain pipeline a National Security Issue

Now Trudeau will now have to live with the political fallout,



In what might be a strategy to avoid lawsuits from Chinese companies

That may result in massive secret payouts,


The truth is

If the pipeline is such a good deal and is so important to China

China being the biggest investors in the Alberta oil sands

Why didn’t the Chinese buy the pipeline

They had [ Fipa ] which remains in place until 2045,

It was signed to ensure that China got a pipeline built

Or maybe because the original route is 67 years old

It’s 20 year’s over it’s prime

it’s 1150 km long and the pipeline leaks badly

Trudeau’s government will spend C$4.5bn (US$3.45bn)

To purchase

Kinder Morgan’s Trans Mountain pipeline.

Then they have to spend another 6 billion at lease to build the pipeline


 Because of the government's plan to include indemnity payments to any 

Future buyer to compensate for delays caused by court procedures, 

Unresolved federal, B.C. jurisdiction questions and unforeseen events."

“Trudeau is gambling billions of Canadian taxpayer dollars

On an oil project that they say will never be built – a project that

Kinder Morgan itself has indicated the pipeline is ‘untenable’

They tried everything for 6 years to get the money to build it and they failed

Kinder Morgan made more money selling the pipeline to Canada

It estimates the company will make a 637-per-cent gain on the $4.5-billion sale.

Prime Minister Justin Trudeau

Now faces more than a dozen lawsuits, crumbling economics,

And a growing resistance movement that is spreading around the world,




Like David Hughes, a former federal government energy researcher,

Concluded that Canada does not need the Kinder Morgan project


For Prime Minister Justin Trudeau

It’s mentally ill to try to build a pipeline in Canada

There wasn’t a kilometre of pipe built in Canada


That’s the record. That’s the reality. said

Natural Resources Minister Jim Carr, Feb. 3, 2015.

Canada has to build a new pipeline

Kinder Morgan to restart construction on 


Or

Is this a strategy to avoid lawsuits from the

Chinese companies and Kinder Morgan

Maybe this is another reason for the buyout

If the pipeline isn’t built on terms Kinder Morgan likes,

“the Houston-based company could go on the offensive

To try to recoup billions of dollars.

” How? “

Kinder Morgan would likely use NAFTA,

 Chapter 11 of the agreement allows foreign companies to

File compensation claims in countries

they have investments and believe a government action

Is unfair and discriminatory,”

We have the perfect chance, thanks to Donald J. Trump.

Obviously, it’s time to get the heck out of NAFTA!”

Why Because

[NAFTA is killing Canada]

Just look at this deal with Kinder Morgan plus 

We sold everything to China to get away from the USA.

Maybe you will find that

Donald J. Trump wants out of NAFTA to

It’s a huge pipeline for China into the USA through Canada

If the Kinder Morgan’s Trans Mountain pipeline is not build

Canada could face lawsuits from Chinese companies and Kinder Morgan

If the Kinder Morgan’s Trans Mountain pipeline. is build by Kinder Morgan

We would face a lawsuit from Kinder Morgan

Either way it will cost billions of Canadian taxpayer dollars

Today if we are really-really lucky it will only cost

20 billion dollars to build a new pipeline and

Because the old pipeline leaks it will have to be fixed

Experts now say the timeline for the pipeline’s completion

Could be pushed back by as much two more years,

With over 1,000 permits unresolved,

No determined basic route and as many as

hearings yet to be conducted.

China being the biggest investors in the Alberta oil sands

This means the Chinese oil companies can Sue Canada

Canada-China Foreign Investment Promotion and Protection Agreement

That was signed by Stephen Harper

The details of the agreement were kept secret

Until the deal was tabled in

Parliament on Sept. 26. after it was the law

Several countries have already faced stiff punishment under such treaties

Under heavy scrutiny from opposition parties and critics alike

No one wanted this deal

Stephen Harper would have signed anything the Chinese gave him

He knew China was fast becoming the World’s No. 1 Economy?

Canada could make Billions dealing with the Chinese

Now every Canadian will pay for it for years to come

This is why it has been shrouded in secrecy,

And nobody will talk about it even today

This agreement states

Chinese companies investing heavily in Canadian energy

Will be able to seek billions in

Compensation if their projects are hampered by provincial laws on issues

Such as environmental concerns or First Nations rights, for example.

Because “this very powerful arbitration process operates outside of the

Canadian legal system and Canadian courts.”

Canada will never know it’s being sued until the bill is given to them

China being the biggest investors in the Alberta oil sands

This means China can get back all its investment in the Alberta oil sands

Canadians can lose Billions

Canada will still be locked in to [ Fipa ] until 2045

Our oil will be Shipped to China for a Very Cheap Price until 2045

Because

All global markets discount junk crude due to its poor quality.

There is room for Canadian crude in American refineries,

Which are running at a 13-year high of more than 90 per cent of capacity,

“The average price differential in 2018 based on the first quarter

Was US$26.30 per barrel

Since it costs more to ship bitumen to Asia

The pipeline plus tanker toll to northeast Asia is over US $8 per barrel,

Canadian producers would actually receive less for their oil


Using Trans Mountain,

 Which means a lot less money for Canadiens

 Canada now has a 800,000 barrels a day pipe line of crude to terminals on the Gulf Coast

 Trump reversed Obama decision soon after taking office in 2017, saying the $8-billion project would boost
American energy and create jobs.

 A presidential permit is needed because the project crosses a U.S. border.

 Trans Mountain Pipeline can now sit in the courts forever

Thank you Donald Trump 
Posted by at No comments:
Subscribe to: Posts (Atom)