What does it take to piss off a Canadian?
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First off, the majority of Canadians don't really care. It does not affect them in the least. Keystone XL (KXL) is only of interest to Alberta and to a lesser extent Saskatchewan along with a few multinational oil producers and their affiliates with heavy oil refining capacity in the US.
All the same as an Albertan, it doesn't bother me a bit, in fact I welcome it. A lot has changed in the few years and KXL is no longer necessary or frankly, even beneficial to Alberta in the long run.
Upgraded bitumen and heavy oil (Western Canada Select or WCS) from Alberta is discounted 15% or more when it crosses the US border because the US is currently its only export market. As it is bitumen and heavy oil producers here only pay a 1.5% royalty to the Alberta government at the wellhead. It is upgraded at source then shipped by existing pipeline or transported by rail to market. Once the product crosses the border the discounted oil is an again refined or blended and sold as either retail fuel or exported as a value added product. It's a winning formula for multi national producers with refining capacity - pay a 1.5% royalty on production to the Alberta Government, upgrade the raw product and have local consumers subsidize the costs of upgrading at the pumps when they fill their vehicles, then ship upgraded oil either to your parent company's refinery in the US or to an affiliated partner at the 30% discounted price of WCS.
What Alberta needs to do is focus on completing phase 2 of the Trans Mountain pipeline that is currently under construction so that our product goes to tidewater in Canada then exported to global markets, not just to the US at the discounted price of WCS. Besides, there is currently sufficient pipeline capacity in existing pipelines running into the US from Alberta to meet current and projected demands.
So, no I'm not at all upset. Like I already stated I applaud Biden in cancelling the permit. Against advice the current Alberta G’ovt has dumped billions of Alberta taxpayers money into this white elephant both directly and indirectly the past two years. Anything Biden can do to damage the waning credibility of the present Alberta Government is a good thing.
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First off, the majority of Canadians don't really care. It does not affect them in the least. Keystone XL (KXL) is only of interest to Alberta and to a lesser extent Saskatchewan along with a few multinational oil producers and their affiliates with heavy oil refining capacity in the US.
All the same as an Albertan, it doesn't bother me a bit, in fact I welcome it. A lot has changed in the few years and KXL is no longer necessary or frankly, even beneficial to Alberta in the long run.
Upgraded bitumen and heavy oil (Western Canada Select or WCS) from Alberta is discounted 15% or more when it crosses the US border because the US is currently its only export market. As it is bitumen and heavy oil producers here only pay a 1.5% royalty to the Alberta government at the wellhead. It is upgraded at source then shipped by existing pipeline or transported by rail to market. Once the product crosses the border the discounted oil is an again refined or blended and sold as either retail fuel or exported as a value added product. It's a winning formula for multi national producers with refining capacity - pay a 1.5% royalty on production to the Alberta Government, upgrade the raw product and have local consumers subsidize the costs of upgrading at the pumps when they fill their vehicles, then ship upgraded oil either to your parent company's refinery in the US or to an affiliated partner at the 30% discounted price of WCS.
What Alberta needs to do is focus on completing phase 2 of the Trans Mountain pipeline that is currently under construction so that our product goes to tidewater in Canada then exported to global markets, not just to the US at the discounted price of WCS. Besides, there is currently sufficient pipeline capacity in existing pipelines running into the US from Alberta to meet current and projected demands.
So, no I'm not at all upset. Like I already stated I applaud Biden in cancelling the permit. Against advice the current Alberta G’ovt has dumped billions of Alberta taxpayers money into this white elephant both directly and indirectly the past two years. Anything Biden can do to damage the waning credibility of the present Alberta Government is a good thing.
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Good summary here with a link explaining the WCS discount I referred to earlier:
https://www.cbc.ca/news/business/trans-mountain-keystone-pipeline-trudeau-kenney-1.5877983
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Why the US does not need Keystone:
https://www.cbc.ca/news/canada/keystone-xl-u-s-oil-supplies-pipeline-alberta-biden-1.5882313
Too bad our useless Premier, Jason Kenney, doesn't get it.
@renauda said in What does it take to piss off a Canadian?:
Too bad our useless Premier, Jason Kenney, doesn't get it.
Kenney speaks
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Kenney on Fox News. I'm sure that plays well in the US. The part about his concern for lost "union jobs" is particularly amusing. He has just spent the past 18 months of his term attacking organised labour and rescinding occupational health and safety regulations and legislation. The man is unabashedly disingenuous.
Local op-ed from last week on the Jason Kenney show:
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It appears that my assessment that Keystone is not on most of people's minds is correct. A recent poll suggests that the majority of Canadians just want to move on:
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R Renauda referenced this topic on
