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We are back on the BC Series with Grant G (@Realmediavoices) returning with more of The Straight Goods. The fantasy world of LNG being the saviour of British Columbia, and the Clark government, has never been further from reality. But you would never know that listening to the hype coming from Victoria and the corporate media.
First it was Japan being the customer to be fleeced after the Fukushima disaster. Premier Clark boasted of being able to gouge them for all they could. Then Shinzo Abe was elected, Japan is back to nuclear power and that market is gone. Then it was China, the emerging energy market of the world. Surely they would line up to be taken advantage of. China is the world's largest producer of renewable energy, has 25 nuclear power facilities under construction and has built or is building 5000 plants that can use natural gas or coal. Both of which, due to fracking, they have in ample supply. Let's try India then. Well, it turns out that BC LNG is about the most distant energy source as you can get, is overpriced for India, and competitors have BC beat before they even start.
The global glut for LNG is expected to last until 2025 at the earliest and prices reflect that. And that's for operational suppliers, which BC is not. Expecting billions of investment for a dirt cheap commodity? Think again Christy. Minister of Fantasy Rich Coleman has no more tales to spin. The BCLiberals are out of markets, investors and time. Projects with controversial approval will likely never happen, Some principals are trying to sell them off before even being built.
The trillion dollar saviour is a dime store novel. BC energy resource revenue has dropped like a stone. Hiking ICBC rates ain't gonna cut it. The time for change has come and not a moment too soon.
get some background at Grant's site http://powellriverpersuader.blogspot.ca/
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NEED MORE...1 hour after last night's show Petronas announced they are slashing their 2017 CAPEX..Capex is SPENDING ON NEW PROJECTS..
My kind thanks to Canadian Glen(on Twitter @canadianglen ) for hosting me tonight..
2 hours of exciting blogtalk radio...
The Straight Goods
Cheers Eyes Wide Open
7 comments:
Another great broadcast. So refreshing to hear the truth. Thanks for posting.
I do hope the NDP come out swinging this election. And soon.
Another hard-hitting discussion of the lies, fraud, and deception gripping governments, both provincially and federally, particularly in regard to oil and gas.
Thought the points about the carbon-tax scam were also dead right.
Moreover, you are absolutely correct that the greens and especially weaver are making this reign of criminality in Victoria possible by splitting the vote.
As discussed in broadcast, hold your nose if you must, but vote to clean the BClibs out of the people's House.
Thanks Mr. Ghun....I only speak of what I see.
The so-called impending national carbon tax and possible emissions cap on Alberta tarsands(in a couple of decades, or never) is being used by Trudeau/Notley/Clark as a weapon against the people..
In other words..(see, we have a carbon tax, therefore we can build many pipelines and permit polluting industry to expand exponentially..)
Sad indeed...Federal Trudeau government, BC/Alberta government must think we are idiots..
Maybe most voters are.
Cheers
I always thought the carbon tax was dubious, more like window dressing. Govt wants to say it's doing something. People just pay the $4 per fill up, revenue-neutral gasoline tax and keep driving.
The carbon credit thing is also apparently still there, taking $millions out of the public sector to give to businesses, so the govt can say it is 'carbon neutral'. What a total scam. Hope it is used as an election issue.
Don't count on it Hugh....The NDP will not criticize the carbon tax in election 2017...If they were smart the NDP would tweak the carbon tax and direct the collected revenues towards green initiatives....I won't hold my breath.
prood of BCHydro privitization?
https://twitter.com/Norm_Farrell/status/822977187498246144
lets see
http://www.straight.com/news/859176/has-time-come-bc-premiers-disclose-their-tax-returns
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