With so little logic behind the Carney-Smith agreement, the unasked question is whether anyone is sweating the details or knows what they’re doing. If they did this on purpose, that’s even worse.
Thanks, Kevin. "How about providing context..." Sure, but this is already a 3,000-word post! And somewhere along the way, I promised it wouldn't be a full-length novel.
But we've been covering the issues you raise, extensively, for 11 1/2 years. You can find an indexed archive on our main news site, https://theenergymix.com.
The one point I'll reply on here is that Markham Hislop's work is based on evidence, not opinion -- that's why we cite him. (Markham, if you're reading, please chime in.) Sure, you can find energy futures modelling that shows oil and gas demand increasing through 2050 if you want to believe that Exxon or OPEC will publish evidence-based modelling. (Even if they're following the real story in-house...I hope and expect that they are.)
But some of the coverage on our site might help you sort through this idea that it'll take many decades for the energy transition to run its course. The shift is still a work in progress, but it's been accelerating like mad, particularly over the last five to 10 years -- which is why you'll see credible (as opposed to self-interested) modelling sources like the International Energy Agency projecting a fossil fuel peak in the next few years, followed by decline. And contrary to the propaganda you can see on any bus shelter these days, dirty and expensive Canadian heavy oil will be one of the first to fall out of the global market, not one of the last.
There's also more immediate evidence -- projections of low oil prices over the next six years or so that will inhibit new investment; the LNG industry already stuck in a massive supply glut that was expected to hit sometime next year; investors abandoning fossil fuels in favour of clean electricity; and the fossil industry itself expressing zero confidence in its own future production by diverting all its resources out of exploration and development in favour of stock dividends and buybacks.
TBH, one of my biggest worries in all of this (by no means the only worry, but still an important one) is that communities in Alberta, Saskatchewan, northeastern B.C., and Newfoundland won't get the information they need, in enough detail and soon enough, to reach their own conclusions on these trends and decide how to react. The solutions and opportunities are practical, affordable, ready for prime time, and already starting to scale up -- but people won't be able to embrace them in time if they're being fed the line that the energy transition will take decades to play out.
It's conversations like this one that can help bridge the gap.... (So please, let's keep it going if you'd like to.)
when they ‘leave they will have their suitcases & chattels .. no passports, no Parks, no nothin but what they abandoned & left behind.. ‘for a better life .. similar to the Irish leaving for the New World.. & we should be gracious enough to help them on their way.. I’m of Irish heritage all the way back in the way before eh ! ..
Am Canadian through n through generations back & kin settled in America too but some kep moving northwest to the Dakota Territories & anon into Manitoba .. am certainly not an Irishman ‼️ Becoming an American ? What could be wrong with that ?
These are troubling times in North America - depart with grace & one hand wavin free ! You were Canadians ! Expect to be greeted with open arms & if you return for a visit the same - go Big or Don’t GO eh ..
.. the salamanders have spoken .. Well Said ! Love your Comment ! 🦎🏴☠️🍁
Excellent summation, Mitchell, with searing details i did not know. I so appreciate your close watch and straight commentary.
This reminds me to renew my $$ donation…. I’m on it. AND I encourage others to remember Energy Mix in Y/E giving. This kind of journalism needs our support.
Thanks for this, Lyn! I'm glad the summary was useful. And still with wanting to be useful (since you mentioned it 😉), here's the link if anyone would like to make a tax-deductible donation to our project with Small Change Fund, Climate News for Climate Solutions.
The looming collapse of oil markets as per Markham Hislop. Interesting, however it’s just an opinion not based on facts. China is currently importing 11 million barrels of oil per DAY, and China, Japan and South Korea are now importing 16 million barrels per day. Peak oil production doesn’t mean that oil usage just disappears. Yes, China is adding a lot of new solar and clean energy capacity, however it is incremental to its growing energy needs. I’m all for adding more clean power generation, however implying that oil and gas usage will just go away is just incorrect. Not sure how many new wind farms and solar projects will be required to replace 16 million barrels of oil per day, but I expect it would take many decades for that to happen. Oil and gas is here to stay for some time however I expect that at some point in the future “clean energy” will take up a larger proportion of total energy production. How about providing the context of total energy production from all sources and comment on the trend for clean energy to take a higher proportion so we can see long term trends and then we will be able to have a more realistic discussion.
Like most comments on the MOU, it deals mostly with the prospective new oil pipeline to the Coast. This is a misplaced emphasis. The MOU is very clear that this pipeline will be supported only after the CCUS pipeline to Cold Lake has begun. Given that there is no business case for that, it is a reasonable guess that the pipeline to the Coast will never be built (unless, of course, the taxpayer would foolishly fund it).
The most important commitment in the MOU is to electrical grid interties between Alberta, BC and Manitoba. This by itself will increase efficiency but what's more, it will make producing renewable energy from Alberta even more compelling. The economics of renewables will eventually prevail, never mind all the blustering by the UCP.
One Helluva a ‘READ .. Bravo Bravo Bravo (i say it three times.. ‘famous quote
.. is my perspective & speculation that Carney Ate Her Lunch.. only now did I hear what he said at the time.. are u serious ? ‘show them like Trump & she sucked it up with that flawless ‘mask/smile .. I saw it with zero sound on the tv by chance.. & trust me.. i can edit video with no sound.. i must see again ! but audio on stun !
He offered her a life raft with malice & aforethought .. offered the apex Parasite a bone named ‘temporary political survival .. He’s ‘ahead by a century on her highly polished malignant narcissism & her ‘shameless ‘ethical MLA’s & office heroes
One hell of a read .. i took many screencaps.. many ‼️ but will suck it up eh.. for another more searing read .. am most interested in Andrew Leach’s ‘take .. Hislop crushed it.. we smoked the peace pipe a ways back I do believe .. might be his finest work.. i desire Justin Ling’s ‘take too.. Damn. but we have some fine journalism - indy - guerrilla - amid the emotionally confused MainStream - & that Poll Addicted & Reliant ‘Closet ‘conservative’ parasitic Yellow Media
Thanks, Kevin. "How about providing context..." Sure, but this is already a 3,000-word post! And somewhere along the way, I promised it wouldn't be a full-length novel.
But we've been covering the issues you raise, extensively, for 11 1/2 years. You can find an indexed archive on our main news site, https://theenergymix.com.
The one point I'll reply on here is that Markham Hislop's work is based on evidence, not opinion -- that's why we cite him. (Markham, if you're reading, please chime in.) Sure, you can find energy futures modelling that shows oil and gas demand increasing through 2050 if you want to believe that Exxon or OPEC will publish evidence-based modelling. (Even if they're following the real story in-house...I hope and expect that they are.)
But some of the coverage on our site might help you sort through this idea that it'll take many decades for the energy transition to run its course. The shift is still a work in progress, but it's been accelerating like mad, particularly over the last five to 10 years -- which is why you'll see credible (as opposed to self-interested) modelling sources like the International Energy Agency projecting a fossil fuel peak in the next few years, followed by decline. And contrary to the propaganda you can see on any bus shelter these days, dirty and expensive Canadian heavy oil will be one of the first to fall out of the global market, not one of the last.
There's also more immediate evidence -- projections of low oil prices over the next six years or so that will inhibit new investment; the LNG industry already stuck in a massive supply glut that was expected to hit sometime next year; investors abandoning fossil fuels in favour of clean electricity; and the fossil industry itself expressing zero confidence in its own future production by diverting all its resources out of exploration and development in favour of stock dividends and buybacks.
TBH, one of my biggest worries in all of this (by no means the only worry, but still an important one) is that communities in Alberta, Saskatchewan, northeastern B.C., and Newfoundland won't get the information they need, in enough detail and soon enough, to reach their own conclusions on these trends and decide how to react. The solutions and opportunities are practical, affordable, ready for prime time, and already starting to scale up -- but people won't be able to embrace them in time if they're being fed the line that the energy transition will take decades to play out.
It's conversations like this one that can help bridge the gap.... (So please, let's keep it going if you'd like to.)
That is *such* a darn good point!
Do separatists think when they leave they get the oil but not the 170,000 leaking abandoned oil wells and 74,000 acres of tailings ponds? 🤔
when they ‘leave they will have their suitcases & chattels .. no passports, no Parks, no nothin but what they abandoned & left behind.. ‘for a better life .. similar to the Irish leaving for the New World.. & we should be gracious enough to help them on their way.. I’m of Irish heritage all the way back in the way before eh ! ..
Am Canadian through n through generations back & kin settled in America too but some kep moving northwest to the Dakota Territories & anon into Manitoba .. am certainly not an Irishman ‼️ Becoming an American ? What could be wrong with that ?
These are troubling times in North America - depart with grace & one hand wavin free ! You were Canadians ! Expect to be greeted with open arms & if you return for a visit the same - go Big or Don’t GO eh ..
.. the salamanders have spoken .. Well Said ! Love your Comment ! 🦎🏴☠️🍁
Much appreciated, Bob, thanks.
Excellent summation, Mitchell, with searing details i did not know. I so appreciate your close watch and straight commentary.
This reminds me to renew my $$ donation…. I’m on it. AND I encourage others to remember Energy Mix in Y/E giving. This kind of journalism needs our support.
Thank you, Mitchell and team.
Thanks for this, Lyn! I'm glad the summary was useful. And still with wanting to be useful (since you mentioned it 😉), here's the link if anyone would like to make a tax-deductible donation to our project with Small Change Fund, Climate News for Climate Solutions.
https://smallchangefund.ca/campaign/climate-news-for-climate-solutions/
A nothing burger is just that.
Analyzing what is pretended to be in there is a fruitless task.
Basically the memo is a reflection of Premier Smiths wish list plus the caveats wish list of the West Coast.
And she used it in the AGM to say "see Canada can works". And that I think was the purpose of the "understanding".
To give her an opportunity to pacify her republican arm. Just a little bit.
The looming collapse of oil markets as per Markham Hislop. Interesting, however it’s just an opinion not based on facts. China is currently importing 11 million barrels of oil per DAY, and China, Japan and South Korea are now importing 16 million barrels per day. Peak oil production doesn’t mean that oil usage just disappears. Yes, China is adding a lot of new solar and clean energy capacity, however it is incremental to its growing energy needs. I’m all for adding more clean power generation, however implying that oil and gas usage will just go away is just incorrect. Not sure how many new wind farms and solar projects will be required to replace 16 million barrels of oil per day, but I expect it would take many decades for that to happen. Oil and gas is here to stay for some time however I expect that at some point in the future “clean energy” will take up a larger proportion of total energy production. How about providing the context of total energy production from all sources and comment on the trend for clean energy to take a higher proportion so we can see long term trends and then we will be able to have a more realistic discussion.
Thanks for bringing a voice of sanity to the latest debacle.
Like most comments on the MOU, it deals mostly with the prospective new oil pipeline to the Coast. This is a misplaced emphasis. The MOU is very clear that this pipeline will be supported only after the CCUS pipeline to Cold Lake has begun. Given that there is no business case for that, it is a reasonable guess that the pipeline to the Coast will never be built (unless, of course, the taxpayer would foolishly fund it).
The most important commitment in the MOU is to electrical grid interties between Alberta, BC and Manitoba. This by itself will increase efficiency but what's more, it will make producing renewable energy from Alberta even more compelling. The economics of renewables will eventually prevail, never mind all the blustering by the UCP.
Ref.: https://erwindreessen.substack.com/i/180670296/about-that-mou
One Helluva a ‘READ .. Bravo Bravo Bravo (i say it three times.. ‘famous quote
.. is my perspective & speculation that Carney Ate Her Lunch.. only now did I hear what he said at the time.. are u serious ? ‘show them like Trump & she sucked it up with that flawless ‘mask/smile .. I saw it with zero sound on the tv by chance.. & trust me.. i can edit video with no sound.. i must see again ! but audio on stun !
He offered her a life raft with malice & aforethought .. offered the apex Parasite a bone named ‘temporary political survival .. He’s ‘ahead by a century on her highly polished malignant narcissism & her ‘shameless ‘ethical MLA’s & office heroes
One hell of a read .. i took many screencaps.. many ‼️ but will suck it up eh.. for another more searing read .. am most interested in Andrew Leach’s ‘take .. Hislop crushed it.. we smoked the peace pipe a ways back I do believe .. might be his finest work.. i desire Justin Ling’s ‘take too.. Damn. but we have some fine journalism - indy - guerrilla - amid the emotionally confused MainStream - & that Poll Addicted & Reliant ‘Closet ‘conservative’ parasitic Yellow Media