tag:blogger.com,1999:blog-2435367521078186829.post188252148043173615..comments2024-01-08T21:00:24.932-08:00Comments on The Straight Goods: Christy Cluck Cluck Clark Versus Jack Mintz And The LNG Energy Companies(who made who)Grant Ghttp://www.blogger.com/profile/11944976348166120530noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-2435367521078186829.post-21036386092660924092014-03-25T09:33:45.667-07:002014-03-25T09:33:45.667-07:00What is there to follow?
BC Liberals will use the...What is there to follow?<br /><br />BC Liberals will use their majority and ram it through..<br /><br />The only thing I can say is..<br /><br />The fizz has left BC`s LNG superpower dreams...<br /><br />Very little news on BC`s LNG front, no one is talking about it anymore.<br /><br />Investment dollars versus return on investment are now butting heads.<br /><br />Unless the BC Liberals sellout our province on LNG taxation and royalties nothing is going to happen.<br /><br />Grant Ghttps://www.blogger.com/profile/11944976348166120530noreply@blogger.comtag:blogger.com,1999:blog-2435367521078186829.post-22667722870840915122014-03-25T09:18:10.367-07:002014-03-25T09:18:10.367-07:00Just wondered if you're following the park ame...Just wondered if you're following the park amendment issue.<br /><br />Hughnoreply@blogger.comtag:blogger.com,1999:blog-2435367521078186829.post-87476671861868512412014-03-20T17:30:54.621-07:002014-03-20T17:30:54.621-07:00How is it that that den of Socialists in Norway ca...How is it that that den of Socialists in Norway can get the world's largest underwater pipeline built by a consortium of Petro giants and STILL get royalty revenue that's the equivalent of $1M for every citizen, when Alberta is in hock up to it's neck? The sometime free enterprisers in North America are being beaten, very quietly by others that can think for the future rather than the next election cycle.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2435367521078186829.post-72971417411237862042014-03-20T13:10:03.468-07:002014-03-20T13:10:03.468-07:00Harper and the Campbell/Clark BC Liberals, never d...Harper and the Campbell/Clark BC Liberals, never do anything out of the goodness of their hearts for the people. Absolutely all of them only do, what benefits them and to hell with the people.<br /><br />Harper and Campbell worked as fast as they could to dismantle and destroy BC, before Campbell got the boot. They were selling BC out, to Communist China. Fadden of CSIS had even warned about China's huge inroads into Canada.<br /><br />Christy's job action plans are identical to Harper's. Many of our resources and resource jobs are being given to, cheap foreign labor for the corporations to exploit. <br /><br />Christy campaigned on 100,000 jobs for the people of BC. Where are Christy's jobs for, her families first?<br /><br />Christy's LNG plots and scams are lies and deceit as usual. Who exactly is building, the LNG plant at Kitimat? Rumor has it? China paid for, 800 hectares at Prince Rupert. What is that for? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2435367521078186829.post-14861507019159347452014-03-20T10:01:03.483-07:002014-03-20T10:01:03.483-07:00Yes, if there's a shortage of natural gas in Q...Yes, if there's a shortage of natural gas in Quebec and Ontario, natural gas from Sask and BC should go there.<br /><br />But I say, better to use BC natural gas in BC. As long as we're not polluting water with fracking.Hughnoreply@blogger.comtag:blogger.com,1999:blog-2435367521078186829.post-53657341646208454652014-03-20T02:22:02.041-07:002014-03-20T02:22:02.041-07:00Von ponce took the pledge a long time ago and he w...Von ponce took the pledge a long time ago and he will not be rejoining the side trying to do what is right for all British Columbians. <br /><br />In response to your questions (though they're only rhetorical, I know), let me answer that, yes, there is a shortage of gas in Quebec and on the east coast, and, yes, Saskatchewan should--and probably will--route their energy resources eastward. <br /><br />That being said, let me also write that, what von poncer is doing in his article is aimed at the provincials out here. He's taking the side of his bosses by framing the debate in such a way that it favours the play of the big energy conglomerates going forward.<br /><br />The questions you raised are well aimed, as they show him tipping his hand. Instead of taking the reasonable perspective, he explicitly tries playing off BC against the prairies. For no apparent reason, he sets up this phoney dichotomy within the debate, thereby providing a cover story for reducing taxes in such a way that this outcome looks reasonable enough to the rubes while ultimately serving the vested interests he answers to. <br /><br />The guy's a wolf in sheep's clothing, a mercenary advertising exec. masquerading as a so-called journalist. Which is why he can't even write a single article without giving himself away. <br /><br />Anyway, I'm sure I'm not telling you anything you haven't known for years. <br /><br />And, of course, this LNG play will go down like so many other P3 scams: <br /><br />--open with big promises, while slyly playing one jurisdiction off against another<br />--stall on investing until you can negotiate to pay as little tax as possible when extracting the gas (bribe local officials whenever necessary)<br />-- negotiate (wink/wink) to get all the water and electricity and other requisite in-puts thrown into the process at the commoners expense (but don't let on and whatever you do--smile).<br />--avoid all further tax when refining and producing LNG;<br />--get favourable trade deals arranged so that you can have all the heavy-meatal work down in low-cost slave shops in Asia<br />--ship/pipe LNG great distances and charge highly inflated rates abroad <br />--hide all gross profits off-shore, while sucking up deductions like there's no tomorrow. <br />--run the resources dry as fast as possible.<br />--leave the jurisdiction<br />--kiss the local rubes good-bye<br />--repeat elsewhere <br />--laugh into your sleeve<br /><br />Typing this just now made me start wondering if patrick kinsella isn't in this LNG mix somewhere along the line (grin)--seriously.Just for the Record Pt.2noreply@blogger.comtag:blogger.com,1999:blog-2435367521078186829.post-50655854892052515032014-03-20T02:00:11.788-07:002014-03-20T02:00:11.788-07:00Is the sky falling ? I can't believe what Vau...Is the sky falling ? I can't believe what Vaughn Palmer is writing. Is he really hinting that the Liberal's tax plan for LNG is a bust ? Is he really making public comments from Jack Mintz that suggest the BC Liberals are making the wrong decision on LNG taxation.<br /><br />Please tell me it's not true that even Vaughn Palmer will write something negative about the BC Liberals. What is this world coming to ?<br /><br />Guy in VicAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2435367521078186829.post-36755143596225708652014-03-20T00:26:35.019-07:002014-03-20T00:26:35.019-07:00Just for the record...Isn`t there a shortage of na...Just for the record...Isn`t there a shortage of natural gas in Quebec and eastern Canada?<br /><br />Maybe Saskatchewan gas should go east??Grant Ghttps://www.blogger.com/profile/11944976348166120530noreply@blogger.comtag:blogger.com,1999:blog-2435367521078186829.post-1501076970653734312014-03-20T00:19:40.548-07:002014-03-20T00:19:40.548-07:00Another realist is also having trouble seeing thin...Another realist is also having trouble seeing things work out all-rosey for LNG in BC.<br /><br />'The Complication of Multiple Partners for LNG Plants.'<br /><br />"One of the projects proposed for BC is LNG Canada in Kitimat, a partnership of Shell, PetroChina, KOGAS and Mitsubishi. The current capital costs of the project and pipeline is in the range of $17 billion. For Shell the investment represents $4.25 billion in capital, which is a significant amount for them. Given the increase in costs of similar projects elsewhere in the last few years a total cost of $25 billion is more likely raising the capital each partner would have to come up with is over $6 billion. These are not trivial amounts for a company like Shell.<br /><br />For Shell to commit to the LNG Canada it has to make more economic sense to them than other projects they are considering for development around the world. Shell does not have access to unlimited capital for projects. The LNG Canada team will have to compete with a dozen or more major capital projects Shell has interests in.<br /><br />Shell is in many ways the easiest of the four partners in LNG Canada to read and understand how committed they are to the project. The other three partners are not nearly as transparent. In the case of PetroChina we have no idea at all how solvent the company is. The long term track record for companies in countries without a free and fair legal system or a transparent and open banking system is not good, China has neither. Trusting in Chinese state enterprises is not a long term smart idea and expecting them to be viable partners in five or ten years is unwise.<br /><br />The fact that all the serious LNG proposals for BC have multiple partners means we should reduce our expectations of how many LNG plants may be constructed here and assume that the timelines will be significantly further into the future."<br /><br />http://bciconcoclast.blogspot.jp/On behalf of Bernard von Schulmannnoreply@blogger.comtag:blogger.com,1999:blog-2435367521078186829.post-86655529976813883422014-03-20T00:10:57.359-07:002014-03-20T00:10:57.359-07:00Well, well, even the loyal liberal media maven is ...Well, well, even the loyal liberal media maven is starting to wonder aloud at the 'truthiness' of all the the hoopla around LNG in BC.<br /><br />Vaughn Palmer: Criticism takes some air out of B.C. Liberals’ LNG tax proposals.<br /><br />>>>quote:<br />"The Liberals had better make that deadline and they’d better get the tax right. Otherwise, as noted here before, this opportunity could evaporate like LNG on a summer’s day."<br />>>><br /><br />More of the article:<br /><br />"Also this week, Platts, one of the leading information services in the energy industry, had this report datelined Tokyo: “Japan’s Ministry of Economy, Trade and Industry Monday urged the British Columbia government in Canada to cut the rate of taxes it is planning to impose on proposed LNG projects in the province.”<br /><br />The news service went on to say that the Japanese were balking at the Tier 2 tax rate of up to 7 per cent, then quoted Steve Carr, the deputy minister in charge of the file for B.C., as confirming that the final rate remains under review.<br /><br />'What we have said is that the tax is up to 7 per cent,' Platts reported. 'Now we are working with the industry to make sure we get that Tier 2 correct and we are also looking at all costs to make sure it remains competitive.'<br /><br />He also offered a novel justification for the special tax, tied to potential natural gas supplies from Alberta and Saskatchewan: “We understand that there is a large reserve outside B.C. that will be supplying this opportunity and in those instances we will not see a royalty revenue regime and that’s why what we are looking at is to introduce this new tax to make sure we can get a fair return.”<br /><br />I wonder if neighbouring jurisdictions will object to B.C.’s roundabout attempt to tax their resource?<br /><br />The article went on to quote Carr’s assurance, delivered at an LNG seminar at the Canadian embassy in Tokyo Monday, that the province will have all the details of the new tax regime in place this fall: “Companies will have everything you need by that time to make a (final investment) decision.”<br /><br />The Liberals had better make that deadline and they’d better get the tax right. Otherwise, as noted here before, this opportunity could evaporate like LNG on a summer’s day.Just for the Recordnoreply@blogger.comtag:blogger.com,1999:blog-2435367521078186829.post-38584747258719638692014-03-19T21:28:58.300-07:002014-03-19T21:28:58.300-07:00Jim Willie phD, a unique and excellent economic an...Jim Willie phD, a unique and excellent economic analyst, wrote:<br /><br />“The historians all too well are aware that the final chapter of a capitalist nation is embedded in fascism, as its institutions suffer from profound corruption, as inefficiency and greed deplete the wealth structures, as the system breaks down and the rule of law vanishes.”<br /><br />Anybody doubt that we're screaming down the highway to the destination described above?<br /><br />Time to start thinking about how to best get through a wicked storm coming our way.<br /><br />Take care, lend a hand, stand your ground, live free, and do no harm to the innocent or injured.<br /><br />CheersGW Andrewnoreply@blogger.comtag:blogger.com,1999:blog-2435367521078186829.post-81237521473987348892014-03-19T18:03:17.808-07:002014-03-19T18:03:17.808-07:00You are bang-on Jon Ghun..Corporate war is upon us...You are bang-on Jon Ghun..Corporate war is upon us.<br /><br />James F...you indeed noticed Jack Mintz`s contradiction, a golden goose that can`t afford to be taxed and provide provincial revenues of substance..<br /><br />This so-called Golden Goose..I guess we now know who is actually getting the gold and who is getting goosed.<br /><br />Cheers<br /><br />Grant Ghttps://www.blogger.com/profile/11944976348166120530noreply@blogger.comtag:blogger.com,1999:blog-2435367521078186829.post-9277187270851842812014-03-19T16:57:39.493-07:002014-03-19T16:57:39.493-07:00The way I see it, war has been declared and we are...The way I see it, war has been declared and we are facing a three-front struggle.<br /><br />1) We are up against a class of materialistic corporate globalists and their One Bank, all of whom see this province as a colony to be stripped bare for their own gain and accrued elsewhere. Now, unless you're willing to get on side with their agenda of raping. pillaging, and plundering, well, then you can take a flying leap off of a high cliff for all they'll care.<br /><br />2) We must also contend with provincial and national governments who are utterly bereft of ideas and only too willing to sell out to the highest bidders in lieu of pushing through any ole' scam or rip-off, no matter how foolish or short-sighted or immoral, while also being capable of lying about it all with a perfect smile. <br /><br />3)And we must ceaselessly do battle to combat a media corps(e) that has no qualms about mis-informing, dis-informaing, or just plain ignoring, in the interests of their bosses and owners. <br /><br />We commoners had better start taking a stand for the truth and doing what it is best for us, which means challenging and resisting the corporatists, governments and media wherever necessary; or else they are going to ruin us and this province once and for all before sticking us with the bills. <br /><br />Jon Ghunnoreply@blogger.comtag:blogger.com,1999:blog-2435367521078186829.post-62736383565079542152014-03-19T16:27:51.371-07:002014-03-19T16:27:51.371-07:00Jack Mintz: "BC’s LNG tax could destroy the g...Jack Mintz: "BC’s LNG tax could destroy the goose that lays the golden egg."<br /><br />A strange way to end a column that, in effect, said there is no golden egg.<br /><br /><br />James Fnoreply@blogger.comtag:blogger.com,1999:blog-2435367521078186829.post-22901515326128099132014-03-19T14:32:43.281-07:002014-03-19T14:32:43.281-07:00From back East.
Enbridge applies to Ontario regul...From back East.<br /><br />Enbridge applies to Ontario regulator for a major natural gas rate hike<br /><br /> The exceptionally cold winter could get a lot more expensive for millions of people who heat with natural gas.<br />Households heating with propane and oil have already experienced a price shock.<br />Even those with price contracts have seen their bills go up because they've been using more energy.<br /><br />But now, natural gas supplier Enbridge has applied to Ontario's regulator for a big rate increase and other suppliers are expected to follow suit.<br /><br />If the hike is approved, Enbridge says the typical household will see their annual natural gas bill increase to nearly $1,400 from about $1,000.<br /><br />Enbridge, which serves around two million customers in Ontario, says it has nearly run out of cheaper natural gas that it stored for customers this winter season and now has to buy more expensive energy supplies.<br /><br />Other suppliers, particularly in Ontario and Quebec, are facing similar supply pressures and could raise their prices as well.<br /><br />What a bunch of crock!<br /><br />Run out of ... “nearly run out of cheaper natural gas it stored for customers”? Really. What a sham/scam.<br /><br /><br />Just like gas prices up this week here in the lower mainland and it’s not even summer yet. Oh, right, it’s “Spring Break” week. <br /><br />These companies are robbers. <br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2435367521078186829.post-35644727177861383482014-03-19T12:37:02.382-07:002014-03-19T12:37:02.382-07:00Sorry Istvan, I believe you are wrong..
Christy C...Sorry Istvan, I believe you are wrong..<br /><br />Christy Clark promised British Columbians would receive 5 times the price for our gas from Asia..<br /><br />These LNG plants cost $15 to $30 billion dollars to build..<br /><br />These companies want a tiny tax until they until they pay for their build costs..<br /><br />It could take decades on paper for these plants to recoup their costs.<br /><br />British Columbia is producing more natural gas now then ever before, yet our royalties from natural gas are less than $300 million per year, the lowest return since BC was selling gas.<br /><br />CheersGrant Ghttps://www.blogger.com/profile/11944976348166120530noreply@blogger.comtag:blogger.com,1999:blog-2435367521078186829.post-68987644690106322902014-03-19T12:26:40.679-07:002014-03-19T12:26:40.679-07:00Well Grant, the right royalty at the wellhead may ...Well Grant, the right royalty at the wellhead may be the best way to ensure that the people of BC get something for the gas .<br />At least they would pay for the conversion to lng.<br />If this royalty was set right it might not raise our domestic rates.<br />A tax based on their profits is BS as they could just show no profit on their books.<br />I ,like you ,don't think these plants will ever be built.istvanhttps://www.blogger.com/profile/10291718350200149704noreply@blogger.com