Friday, July 8, 2016

Christy Clark's LNG Rhetoric....Fiction Versus Facts

The B.C. Liberals claim future liquefied natural gas sales will help pay off the province’s debt. The CBC News Reality Check team wades through the spin to figure out whether the plan is hype or hope.

Liquefied natural gas is the industry that will make British Columbia debt free,” says B.C. Liberal Leader Christy Clark.

“We have a plan to export natural gas at five times the price of what we can get here in North America.”

The site has been prepped on the first of five promised LNG plants in northern B.C. where the gas will be extracted, chilled into liquid form and shipped to Asia, where there’s a thirst for LNG after the 2011 earthquake in Japan, which sidelined all but two of the country’s 52 nuclear reactors.

“Their hunger for the cleanest fossil fuel on the planet is almost unlimited,” Clark said earlier this month while on a campaign stop in Dawson Creek.

'Wishful thinking'

But Peter Hughes, a UK energy consultant who specializes in the international trade of LNG, says Japan's willingness to pay sky-high prices is not unlimited. He says the current system of pricing LNG based on the price of oil could soon change.

“The Japanese have now decided they need to move away from oil indexation as the pricing basis for their LNG imports and the government has issued instruction to that effect, which in Japan is a very powerful factor,” he said.

B.C. has major LNG competitors in Qatar, East Africa and Australia.


Too much gas for too few customers, ...100 million tonnes of new LNG supply(already under construction or near completion) about  to hit the market....

Looks folks....Where is Vaughn Palmer...where is Keith Baldrey..Where is Postmedia....

This LNG thingy wouldn't be a big deal, or an important issue for British Columbia if....

If Christy Clark and her BC Liberal Government didn't promise a $100 billion dollar prosperity fund....the elimination of the B.C.'s growing debt..elimination of crown corporation debt, .the elimination of our sales tax..monies for northern communities, monies for First Nations, money for healthcare and education....

And a 100,000 new high-paying LNG jobs...

if, if Christy Clark didn't promise all that during the 2013 provincial election LNG wouldn't be a B.C. issue...but she did, all the BC Liberals did..

So..Where are you Postmedia..where are you Vaughn Palmer...Where are you Michael Smyth..Where are you Keith Baldrey....Nevermind..

The Straight Goods

Cheers Eyes Wide Open


Anonymous said...

hey whatever it takes to win?by hook or by crook?switch and bait?do now explain later?

John's Aghast said...

Where is Chrispy now? In fantasy land. Sure, she's going to put on a gallant effort to win the next election - that's what she's all about. Winning. But either way she's a winner. If she's gone, with a life long undeserved humongous pension and her favourite industry board appointments she'll be a winner. If she stays she'll complete the rape of BC and share the wins with her favourite friends.
Families? Not so much.
Thinking of the Paddle the Peace this morning. I hope their weather is better than mine!