Vaughn Palmer, Voice Of B.C.....BC Liberal Election Promised Riches From LNG Forgotten and LNG Questions Not Asked

How sad indeed, I watched Vaughn Palmer`s voice of BC ......linked directly below.

 http://vimeo.com/111777187

The topic was LNG, Vaughn`s guest was David Keane of the (BCLNGA) British Columbia Liquid Natural Gas Alliance....

I was hoping for some good questions, tough follow-up questions and good old fashioned journalistic inquiries, sadly I came away disappointed, no, make that I came away in disgust, Vaughn Palmer`s hour long episode on LNG confirmed what we here at The Straight Goods have known for some time, ...British Columbia`s mainstream media are useless, there is no journalistic integrity left among any of them, that includes those that were chosen to ask questions...

Bill Tieleman...Jordan Bateman...Andrew Mcleod and others......

My guess is?.... Perhaps those individuals asked some good questions but none of the good questions made it past the cutting room floor...

The first question was(paraphrasing here)...If you could take off your industry hat for a moment what would you say is the benefit to B.C.  with LNG?


The second question was....Andrew Weaver claims BC`s LNG dream is a pipedream, what would you say to that...?

These question are so lame, put the ball on a tee and swing away....

We learned nothing from this puffball interview with David Keane...The only thing confirmed on this show is the fact that the BC Government and these LNG companies are lobbying Ottawa to allow complete plant build costs to be written off lock, stock and barrel over a 7 year period...

If we take Shell(LNG Canada)..Their plant build cost excluding a pipeline from the gas fields in northeast B.C. is $40 billion dollars....That would be a $6 billion dollar write-off per year...Ottawa as of yet has not agreed to give LNG plants manufacturer status...and with only razor thin surpluses predicted, I would say the answer from Ottawa would be NO...

Total fluff and puff garbage, cmon Vaughn, .....You`ll never win a Webster award, obviously you have other priorities..

Guess what wasn`t asked, or wasn`t spoke of.....

There was no mention of a $100 billion dollar prosperity fund, no mention of any prosperity fund..no mention of the elimination of the provincial debt, no mention of this industry creating over 100,000 jobs, mysteriously all the benefits coming to British Columbia through LNG blathered by Christy Clark and Rich Coleman before and during our B.C. election are gone, caput, not worthy enough questions for Vaughn Palmer to bring up....Quite pathetic indeed...

There has been some major negative developments on the LNG front as of late...

Questions that were needed to be asked but weren`t...

1) ...Russia and China earlier this year signed a $400 billion dollar gas deal, and just last week China and Russia signed another deal to bring LNG in gas form by pipeline directly into China, no expensive LNG plant required,  estimated price of this gas per BTU is in the $10 dollar range, how has this changed things for British Columbia`s LNG aspirations?

 http://www.macrobusiness.com.au/2014/11/russia-and-china-bash-oz-lng-with-second-pipe/

2)....Canadian uranium mining companies have seen their stock price soar on news of 2 Japanese nuclear reactors being restarted early in 2015...  How will this affect British Columbia`s LNG ambitions when Japan`s LNG demand is set to fall?

http://www.japantimes.co.jp/news/2014/11/08/business/uranium-mining-stocks-jump-as-japan-clears-way-to-reactors-restart/#.VGAs1MmNqUk

3)...Things haven`t gone too well for Western Australia, the home of most of Australia`s LNG plants, their national debt in 2008 was $3billion dollars, 5 years later Western Australia`s government debt has risen to $30 billion dollars and a credit rating downgrade by Moodys, shouldn`t that make the BC Government pause...?

http://www.theguardian.com/world/2014/aug/25/western-australia-credit-rating-downgraded-moodys

4)...Shinzo Abe, Japan`s leader, has declared that Japan has no choice but to restart most of their shuttered nuclear facilities because Japan can`t continue to absorb massive trade deficits directly linked to high priced imported LNG, how will Japan`s return to nuclear power affect BC`s LNG dream?

5)...In this age of electronic instant viral news, do you think China, Japan, Asia was listening? when Christy Clark declared to the world that British Columbia was going to create a $100 billion dollar prosperity fund, eliminate our $80 billion dollar B.C. debt, eliminate our sales tax, pay off crown corporation debt, build schools, hospitals, increase health and education funding, give monies to northern communities for infrastructure, monies to First Nations for LNG agreements, all to be borne from shaking down our Asian trading partners?

6)..How will China`s impressive by anyone`s standards recent wave of domestic natural gas extraction and domestic fracking gains affect British Columbia`s LNG super-power aspirations?

http://www.reuters.com/article/2014/06/13/us-breakingviews-energy-shale-idUSKBN0EO16F20140613

7)..As of today, according to the Foreign Policy Magazine, and I quote.."That appears to be what's happening now. The world already has more LNG trading capacity than it needs: There were about 286 million tons a year of LNG export capacity globally in 2013, while global LNG trade amounted to just 237 million tons" and with 7 already in construction new LNG plants in Australia set to come on line over the next 2 years...Who will British Columbia sell LNG to?

http://www.foreignpolicy.com/articles/2014/10/21/the_looming_gas_glut_LNG_australia_canada_china_japan?wp_login_redirect=0

("BG intends to build a facility on Ridley Island capable of producing 21 million tonnes of LNG a year. Called Prince Rupert LNG, it would be built overseas in modules and shipped to Prince Rupert for assembly.
 Even so, the plant would create 3,500 jobs during construction,

 250 permanent direct jobs and another 250 spinoff jobs.

 BG says it is planning to build it in two phases, beginning in 2016.

The first phase — two seven-million-tonne-a-year processing units, or trains — is to be completed by 2021" )

British Gas has now deferred any investment decision until after 2020...)

8)... Laura Lau, Senior Portfolio Manager at Brompton Funds on BNN stated, as did British Gas 2 years ago that proposed LNG plants in British Columbia will not be built in British Columbia...Laura Lau stated that these LNG plants are actually going to be built in S. Korea or Japan, these modules and mainframes will be built in S. Korea or Japan and barged to British Columbia where they will be assembled, does the BCLNGA British Columbia LNG Alliance think it`s appropriate or fair for Canadian Governments to write off $billions of dollars worth of foreign built equipment, built overseas, the money spent in another country, all to be written off against Canadian owed taxes...Is that fair or equitable?

 http://www.bnn.ca/Video/player.aspx?vid=451178

(just past the 4 minute mark is the offending statement by Laura Lau)

9)...The Petronas proposed LNG plant on Lelu island according to First Nations will adversely affect the Skeena river salmon, BC`s second most prolific wild salmon river, First Nations are not opposed to LNG development, however this location is too sensitive, Should PETRONAS switch locations or are wild B.C. salmon expendable?

 http://www.cbc.ca/news/canada/british-columbia/skeena-river-first-nations-oppose-petronas-lng-plant-near-prince-rupert-1.2824967

10)....The BC Liberal promised hefty benefits to British Columbia, $100 billion dollar prosperity fund, debt elimination, sales tax elimination and a whole lot more, if none or very little benefit comes to British Columbia`s coffers can and or should future governments change the deal?

These are the questions that were needed to be asked, hard uncomfortable questions, not puffballs..

That Vaughn Palmer is how you conduct an interview....And I never went to journalism school, ...

I also never licked the boots of a BC Liberal or any other government..!

See for yourself in the below link..


http://vimeo.com/111777187
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P.S.....When the video link(November 13/2014) for the voice of B.C. is available I will add it to this post......That`s why I cancelled cablevision, garbage in, garbage out!...

The Straight Goods

Cheers Eyes Wide Open