Christy Clark Puts On Her Red Shoes And Dances The LNG Blues

Written by Grant G


Panic, frozen sweat, fear of the cold hard truth bearing its pearly whites, what to do, call in emergency media intervention to calm the nerves of an increasing doubtful public, the dream, the myth, the fantasy of LNG riches must live on... ..

Yes I did read Vaughn Palmer`s article last week where he confirmed that the BC Liberals proposed 7% tax on LNG exports is gone, caput, off the table, the new number is 0.....That`s right folks, zero taxation on LNG exports, only royalties charged at the wellhead will be applicable or nothing will be built....I had to laugh, because even at a 7% tax level on LNG exports British Columbia would never receive the largesse Christy Clark promised, ..

Even the head dude at PETRONAS says whoa, taxation equals we will build nothing...

http://www.theglobeandmail.com/news/british-columbia/bc-told-to-release-lng-tax-regime-or-risk-losing-malaysian-business/article18789668/

During the 2013 election Christy cluck cluck Clark blathered away, not a thought between her ears, memorized talking points designed to dupe an unwitting public, with a complicit media assisting Christy Clark every step of the way..We will get four and five times the money for our gas in Japan and China, the money will be ours, a debt free province, a $100 billion dollar golden unicorn fund, tolls removed, new schools(without teachers), new hospitals, money for northern communities, money for First Nations, all the money will be ourssssssssssss, $$$$$$$$...Those big energy companies will just hand over the cash....Oh Christy, you silly goose..

1 LNG plant, 2...3...6...8....13 LNG plants, now 18 projects with 28 partners, grow baby grow, with the first plant up and running by 2015...uhh, I don`t think so,

Pacing back n forth, cold sweat running down gasman Rich Coleman`s face, help. help. help. we need the media to keep the dream alive, at least until our 2017 election, we gambled everything on LNG, all future revenue, all bills coming due and past due solved with LNG cash..oh no!..Mr. Bill..OH NO!

I read an article 2 weeks ago, it was about China, they have gone small scale fracking crazy, I did say small scale but so numerous that these small scale operations are adding up to really big gassy numbers..

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"Fuling should be considered China's first large-scale shale gas field, marking the arrival of commercial shale gas development," Fu said.
Rival PetroChina, whose 79 bcm of gas output last year accounted for two-thirds of national output, is aiming for 2.6 bcm of annual shale gas production in 2015, higher than 1.5 bcm indicated earlier. It has been conducting trial production mainly in Sichuan province.
A Reuters report quoted a company source and a government source as saying PetroChina plans to spend more than 10 billion yuan (HK$12.55 billion) on shale gas drilling this year alone, compared to three billion yuan between 2010 and last year. A company spokesman said spending would rise, but would not confirm the figures, adding: "The actual spending will depend on the results. If efficiency is good, we will increase outlays. Otherwise, we will stick with trial exploration."
Together, the two oil and gas giants should comfortably reach or surpass the 6.5 bcm shale gas output target set by Beijing for 2015. But meeting the government's 60 bcm and 100 bcm target for 2020 will be challenging. Credit Suisse's analysts said in a research report that the 2020 target was likely derived from the growth trajectory in the US between 2006 and 2012.
Xinhua on Tuesday quoted PetroChina vice-president Sun Longde as saying it is targeting 11 bcm of shale gas output in 2020.

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Those industrious Chinese people, hmm, doesn`t look like they are waiting patiently for someone, or anyone to make a final investment decision on building a gas plant in LNG land, also known as British Columbia..

Poor little Christy Clark, her dreams dashed, well, she still has daggers and darts to throw at teachers, fuelled by a hatred of her father, Mr. Clark, the school teacher, Christy Clark`s father, wow, someone named Christy needs not a psychiatrist but a whole team of them, dagger, dart and bad gas directed at teachers, wheee, wheeee, let`s talk LNG, our BC gas will help single mothers on disability, it will help poor hungry children in destitute families, the cure-all to fix all that ails, step right up and buy some Christy Clark juice, whee wheee wheeee..

A funny thing happened on the way to never never land, we got lost, took the wrong turn, Russian pipelines pumping gas directly into China, pipelines from Turkmenistan too, oh, Iranian and Qatari gas too, all going to China..

But but but, but Russia can`t compete with British Columbia`s 18 count em, 18 LNG liquefaction plants...Ya know, ya think, how could they compete, we have the cleanest burning and coldest gas in the world, what methane, what fugitive gasses, our BC gas is like what comes out of angel`s bottom, sweet perfume of the gods, that`s what British Columbia has to offer, ..Ya know, and Russia is so far away from China, they aren`t across the Pacific Ocean like we are, Russia doesn`t have to freeze their gas either, we have cold gas, Russian gas is warm, yuck!..ya know, like warm beer, who drinks warm beer, .....!!!

Well Christy Clark, Russia and Turkmenistan, Iran and others don`t need to spend like $200 billion dollars on gas freezers, and China doesn`t need to spend $billions on regasification plants, pipe to pipe, ready to use warm gas....Well gollee Andy, ya think..

Not sure Christy Clark is sleeping well tonight, tossing turning, flipping and flopping, fluff those pillows and pray, pray and hope to hell the gullible public bought the emergency Vancouver Sun article, it was full of names and not a naysayer in the bunch, what Russia-China deal, means nothing, na na na na, can`t hear you my hands are covering my ears, please please please gas gods, let me Christy Clark wake up tomorrow and all is well, just a bad nightmare,...phew, what a relief, and, and ya know, isn`t Thursday the start of the 400th BC Liberal Government sponsored LNG summit.

Oh know, it wasn`t a nightmare...I`m sure the public bought the emergency Vancouver Sun spin..

No Christy, the public just dropped their jaws, the article I`m referring to was a desperate ploy, you could smell the fear, connect the dots, da players are bluffing with rags while China and Japan are holding aces...

Smoking gun, how many barrels do you fine folks need, ?..No final investment decisions, still no final investment decisions, Japan restarting nuclear plants meaning the already satisfied world demand for LNG is about to be a glut, Alaska getting in the game, the USA starting already exporting LNG, surely those Vancouver Sun energy experts quoted today in that emergency promotional article couldn`t be wrong, or lying, or have ulterior motives...

Let`s have a look shall we..Oh no Mr. Bill!...The Vancouver Sun pulled the article, could it be that readers could smell the fear, see the utter bullshit being blathered, maybe, however I did find the article in another place, bear with me...

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``I've never said that B.C. would be the only supplier of natural gas to any country, but what I have said is that every country, every receiver of natural gas is going to want to have one reliable partner in their portfolio,'' Clark said at a conference in Vancouver.


You mean other countries have gas too Christy?....Greg Richford didn`t sound too convincing either..


So far, seven export licences have been granted to proposed West Coast LNG projects, said federal Natural Resources Minister Greg Rickford.
``Canada's vast energy supplies represent an opportunity for countries looking to diversify their energy imports, especially in the Asia-Pacific,'' he said in an emailed statement.
The International Energy Agency predicts a quadrupling in Chinese gas demand by 2035, he noted

Diversification is the word, look for it in 2035...

Ed Kallio, director of gas consulting at Ziff Energy, said the Russian exports to China will be ``just a drop in the bucket'' when its future gas consumption is taken into account.
``It doesn't even come close. This doesn't even scratch the surface.''

Ziffity doo da, ziffity day, didn`t feel a thing, what gas, what Russia/China deal, just a wee little scratch, no reason for me to even be quoted in this emergency pre-eve of the LNG conference de-fusing article, if you can`t trust a Ziff, who can you trust..


Hal Kvisle, CEO of Calgary-based Talisman Energy Inc. (TSX: T.TLM, Stock Forum), agrees the deal shouldn't rattle Canada.
``It's not a quantity of gas that's going to swamp the market,'' he told reporters on a conference call.

``It certainly doesn't shut the door on LNG exports from Canada.''


Hal Hal Hal, you are indeed a special person quoted, no ulterior motives with you or Talisman Energy is there, it`s not quantity it`s swampy, or something like that...Yet you Mr. Hal Kvisle are not interested in Canada`s west coast LNG super industry, you don`t want to waste your time, and of course this announcement wouldn`t have any bearing on your shale gas assets you and Talisman have for sale in Northeast British Columbia would it?....

Talisman has been active in Western Canadian shale gas, although it is looking to sell some properties and has no ambitions to invest in West Coast LNG export infrastructure. The company is also a big natural gas player in Southeast Asia, but Kvisle said it's a ``huge'' market that shouldn't be affected by the Russia-China deal.


Gordon Houlden from the University of Calgary`s China institute states...

``Time is of the essence. The faster we can move, the more nimble we can be as a country in terms of getting energy infrastructure built, the better our options will be and the greater benefit to the country.'' 

Hurry hurry hard, if only we had a final investment decision, or if only we had a taxation scheme, you know, like the one that was promised by the BC Liberals for September 2013, if only...

And I`ve saved the best quote for last, Christy Clark, you have claimed British Columbia has 150 years worth of gas for export, no matter how many LNG plants we have, 5..10..13...or even 18 LNG plants, we still have 150 years worth...

Barry Munro of Ernst n Young, ...isn`t that the same outfit who the BC Liberals had confirm their LNG job numbers, and revenue claims..I believe they were...

However, there are some ``real concerns,'' Munro said, not the least of which is getting First Nations on side with the projects. Plus, Canada is at a very early stage in the game.
``It's a greenfield industry in Canada, so not only do you have to prove up the natural gas reserves, we're going to have to build all the pipelines and facilities.''
 

Read more at


 http://www.stockhouse.com/news/newswire/2014/05/21/russia-china-gas-deal-not-seen-threat-to-canadian-west-coast-lng-prospects#qXUPTU9DG5c1JqDr.99

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Hmmm, prove up reserves and get First Nations on board....but but but...We don`t need to prove up reserves, Christy Clark says....

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Premier Christy Clark is floating on air after receiving a National Energy Board report indicating B.C. has 150 years of natural gas reserves, as opposed to 75 years.
Clark said Wednesday the additional reserves add more clout to B.C.'s plans to support the development of liquefied natural gas plants in the north, which she has heralded as a trillion-dollar industry that could create 100,000 jobs and eventually help pay off the provincial debt.
"We have some of the richest, best and largest reserves to be found anywhere on the globe," Clark said in Vancouver. "Reserves that belong to the people of B.C. and resources that will mean 100,000 jobs for the people of this province."

The 23-page National Energy Board report assessed the Montney-area shale gas formation that spreads from northeastern B.C. near Fort Nelson to Fort St. John and across the B.C. border into northern Alberta. The energy board, the B.C. Oil and Gas Commission, the Alberta Energy Regulator, and the B.C.
Natural Gas Development Ministry all contributed to the report

http://www.canada.com/story.html?id=302d07ac-26c4-4096-b801-b82d2ff5478c

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I wonder why Ernst n Young doesn`t believe the 4 mentioned groups above on their shale gas estimates, the NEB..The energy board, the B.C. oil n gas commission and the Alberta energy regulator, you`ll never find a more trustworthy group than them(sarcasm insert here)

Christy Clark is floating on air, hmmm, or is that flying on her broom..

We aren`t in Kansas anymore Christy Clark....Taps your shoes together three times and say...There`s no place like home, there`s no place like home, there`s no place like home...

Written by Grant G

The Straight Goods

Cheers Eyes Wide Open