Written by Grant G
Glen Clark in the late 90s told the media that "British Columbia will have three aluminum smelters, count em three" ...Glen Clark`s musings didn`t actually work out too well.....Gordon Campbell sold dozens of BC Rivers to BC Liberal party donors and insiders in the independent power game, Gordon Campbell told our media and the public that British Columbia was going to be an electrical exporting superpower, again, Gordon Campbell`s musings didn`t have the desired effect either, in fact now because of Gordon Campbell`s Liberals BC Hydro is now bankrupt and domestic hydro electric rates are skyrocketing,.....BC hydro has $7 billion dollars of debt stashed in deferral accounts, that is the legacy of Gordon Campbell`s electric superpower dreams, not to mention millions of dead fish..
Timing is everything and for the most part bullshit baffles brains, Christy Cluck Cluck Clark with nothing to lose going into our last provincial election developed a scheming plot based on total fabrication, the $trillion dollar LNG fantasy, Christy claimed BC would pay-off our debt, eliminate tolls, remove our sales tax, create a million jobs, create a $100 billion dollar prosperity fund for future generations, First Nations and northern communities would all reap the rewards, all this largesse coming from LNG, from natural gas exports.....
Pammy Martin tweeted "what would you do with a $trillion dollars" an entire election campaign wrapped around imaginary money generated by an industry that doesn`t even exist in British Columbia, kinda funny when you think about it, our lazy do-nothing media played the game, asked no questions, they pretended Christy Clark`s musings were based in fact...Well, Christy say anything Clark to win really didn`t think her corrupt political party would win, therefore no election promises to worry about...Just blame the NDP for not making it happen....Except something funny happened on route to the polling stations, Adrian Dix stuck his head up his ass and smelled his own celebratory roses before he crossed the finish line.....
What was Christy Clark to do, how can she get out of her grandiose election promises, how long can she run the $trillion dollar wheel of fortune gambit, can she carry the same lie through another election, 2017...Can she actually deliver with...."10 count em, 10 LNG plants, with the first LNG plant up and running by 2015" Christy Clark
We won`t have an LNG plant up and running by 2015...not 2016...not 2017....maybe one plant by 2020, maybe, maybe not..
Timing is everything, resource extraction is fickle and unforgiving, Walter Mines laid off near 800 coal miners yesterday, no notice given, workers donned their hardhats, entered the mine and were told, adios, your laid off.....Such a good corporate citizen Walter mines is, they tossed the workers aside, corporate screws stated that we aren`t making any money, let`s leave the resource in the ground, Walter Mines was not interested in breaking even for the sake of workers and the town of Tumbler Ridge, no profits, no work, no quarter given.....Your fired!
This article isn`t about anything written above, well not really, this posting is about curiosity!
Walter mines stated that coal for export to China had dropped in price from over $200 per tonne to a mere $110 per tonne, curiosity sent me far afield to find out why, why had coal prices declined to such low unprofitable levels and lo n behold the answer hit me in the face like V-8 juice..!
China, Asia, our saviour, energy company`s prey, the elusive, mythical not able to corner Asian buyer of B.C. LNG is entering a recession, China`s GDP has fallen to a 24 year low, China hasn`t seen such anemic growth since 1990, manufacturing for export in freefall, electrical use falling fast, the one truly believable indicator of China`s economy is electrical usage, exports of finished products down down down, imports of raw resources down down down, so worried of civil unrest is the Chinese government domestic interest rates have been cut, stimulus packages rolled out by central Government, railway infrastructure and low-cost housing were targetted, the Chinese Government is in fear of a massive population tearing down their walls, hundreds of millions of Chinese workers surviving pillar to post, no safety-net, nothing, millions of Chinese without jobs makes a beleaguered Chinese government an endangered species....
Wow, curiosity provides an explanation as to why coal prices have crashed, no steel making means no coal imports required, an end to building ghost cities means workers hands go idle, our friend the devil loves idle hands, Australia and Brazil who provide China vast amounts of iron ore are in trouble too, those countries planning on selling high-priced LNG to China are also in trouble, no steel making, manufacturing in decline, imports of raw goodies on the down low means a cascade of economic events and timing is everything considering Japan who for the first time in near decades are now suffering massive trade deficits because of over-priced liquid natural gas are in a big rush to reverse that trend and step one is starting up their shuttered nuclear plants at the same time Australia, USA, East Africa, Papua New Gunea and others have gobs of liquid natural gas export capacity coming online, timing is everything and Christy Clark`s $trillion dollar "10 count en 10 LNG plants with the first one online by 2015", Gordon Campbell`s electrical superpower ambitions along with Glen Clark`s "3 count em, 3 aluminum smelters" are phrases to be enshrined in history like "Dewey Wins the presidency" for scholars, historians and future comedians to feast on...
Indeed....Let energy companies chew up our parks, conservancies, protected areas, spend $12 billion on a Site C dam for gifting and palm greasing, outrageously with an Order -In-Council remove environmental assessments for LNG plants then bring them back when First Nations rightfully cry foul, First Nations now know with that one brutal order in council that BC Liberals are as trustworthy as a Bernie Madoff investment, they won`t let anything overturn their worm-filled apple cart, don`t scare away the mythical always in hiding final investment decisions, the skies the limits and nothing will stop this latest BC Liberal game of propaganda promises except.....oops..
China's growth slows to 24-year low
Growth in retail sales, factory output and investment also slowed, raising the possibility of politically dangerous job losses.
Chinese leaders have signaled they are willing to tolerate growth below the official target so long as the economy keeps creating enough jobs to avoid potential unrest. In a sign of concern about employment, they launched a mini-stimulus in March of higher spending on construction of railways, low-cost housing and other public works.
In a speech last week, Premier Li Keqiang, the country’s top economic official, said the economy still faced “downward pressure” but ruled out additional stimulus. He said Beijing would focus on “long-term efforts to achieve sustainable and healthy development.”
The latest growth numbers are the weakest since China’s economic growth tumbled to 3.8% in 1990 following the crackdown on the Tiananmen Square pro-democracy protests that led to Beijing’s international isolation.
Weaker growth could have global repercussions, hurting Asian economies and others such as Australia and Brazil for which China is the leading market for commodities and industrial components.
Chinese imports suffered an unexpectedly sharp contraction of 11.3% in March in a sign of weak raw materials demand from manufacturing and construction.
“A hard landing in China’s economy is one of the biggest risks clouding the outlook for the rest of emerging Asia,” said Capital Economics in a report this week
Timing is everything and unsustainable economic activities will be halted..
Japan's fuel imports contribute to record trade deficitTOKYO, Jan. 27 (UPI) -- Soaring fuel imports in the aftermath of Japan's 2011 Fukushima nuclear disaster, amid a weaker yen, have contributed to the country's record annual trade deficit, a government official said.
Japan Monday reported a trade deficit of $112.07 billion in 2013, up 65.3 percent from the previous year. "Energy imports have been rising significantly since the nuclear accident," causing per capita costs of around $293 in Japan, Kyodo News quoted Yoshihide Suga, chief Cabinet secretary as telling reporters. "It is important for us to ease such a burden as much as possible." All 50 of Japan's working reactors currently remain offline, pending safety checks.
Curiosity and asking questions, our domestic media only ask when they can cash their paycheques and as for curiosity, Bill Good won an award for journalism, surely true journalists like Sean Holman and Bob Mackin must be curious as to what kind of hallucinogenic frog the judges were licking...
China`s latest GDP numbers..
I did mention how unsustainable economic practices will be halted, either by hook, by crook and even if your nickname is the Snook(presiding over Snooklandia)....
In all seriousness friends, Japan has no choice but to start their nuclear facilities, and or build new thorium reactors, I`m not alone in these thoughts..I recommend every B.C. pretend journalist and even those Shaman now occupying the writing desks read this next article...
Who knows, it might just make our mainstream media curious....Well, maybe not.
Why Japan Can't Quit Nuclear Power
Perhaps not. The mostly idled nuclear fleet offers a taste of life without the atom: In summer 2012, the country faced electricity shortages, forcing the government to push citizens toward power-saving measures such as restrictions on big users and reduced air-conditioning. Productivity suffered as workers labored through sweltering heat. Just in Tokyo, electricity costs, already among the highest in the world, rose by an average of 8.5 percent. Eight of Japan’s 10 power utilities reported heavy losses—$8.5 billion total over six months—from the cost of buying more oil and gas to replace idled reactors. The two profitable power companies had little or no generation from nuclear. All this from a temporary stoppage.
If Japan goes to zero nuclear power, as the protesters and former Prime Minister Yoshihiko Noda want, the resulting increase in fossil-fuel imports would cause an outflow of national wealth equivalent to 0.6 percent of Japan’s gross domestic product, according to research completed in January by the Institute of Energy Economics, Japan. That would lead to an increase of Japan’s enormous $74 billion trade deficit. “You have to pay a lot, a lot, a lot for LNG imports,” Hirai says. “If something happens in the Strait of Hormuz today, that makes—oh, I don’t want to think about it,” he adds, shaking his head.
A nuclear phaseout would also lead to a rise in electricity prices, increasing the burden on households by $10 billion ($115 per household). Japanese businesses would suffer from hiked electricity costs, with an increased burden of $22 billion. The fallout could cost some 420,000 jobs, according to IEEJ. All of that, in turn, would lead to an approximately $11 billion annual decline in corporate tax revenue and what the institute refers to as a “vicious cycle,” escalating the already massive debt problem faced by the world’s third-largest economy. “We don’t want to pursue such a miserable path,” Hirai says.
GRAVITY’S PULLTowering along the seashore in Japan’s Shizuoka prefecture is a 60-foot-tall anti-tsunami seawall. The massive structure—one of many countermeasures that Chubu Electric Power has implemented at its Hamaoka Nuclear Power Station since the 2011 temblor—shows just how far, and high, Japan is willing to go to hold on to nuclear energy.
Curiosity and timing, that`s what this post is about, that and those governmental statements politicos, historians and comedians find so ......useful..
"10 count em 10 LNG plants with the first one up and running by 2015"
The Straight Goods
Cheers Eyes Wide Open