
Again, another one of those memes that clearly shows the author knows nothing about ‘transfer payments’ and the oil business. I’m going to leave the exhausted transfer payment issue alone other than to say it is intergovernmental based on the sharing of taxation not profit, and focus on the oil business.
That’s right I said business totally separate. Big oil corporations are in for the profit. If their analysis showed they could make money on a pipeline to the east, don’t you think they’d do it? Oil prices are on the world market, profits result from minimizing costs of raw material and processing. It is cheaper for those companies to import huge tankers of oil from Saudi Arabia and Venezuela, process it in Montreal and ship from there. The oil is higher grade and far more easily to process than Alberta heavy and oil sands crude. So, THINK! If companies would make more money with a pipeline 3000km long, if not more, through mostly Canadian Shield, to Montreal, process our heavy oil cheaper than light foreign crude, doncha think they would have done it? Of course governments could force this on oil companies. PET tried that with the NEP, but see where that got him and we’ve been fucked by the oil cartel ever since. Oil is controlled by corporations, so ask them why they don’t build a pipeline, ask them why we don’t process our own crude, but ship it to heavy refineries in the US? JT bought the TransMountain expansion, because the oil business, and particularly the investors by their own analysis, already knew it would be unprofitable and wanted to back out. JT bought it with 4 billions of tax dollars to make the West happy, well we already know it’s a losing deal and will NEVER ship to full capacity. The investor’s however gleefully wiped their hands of a losing proposition with our tax money, they didn’t lose a dollar. Then there’s the idiot Kenney who throws 1.5 billion of Alberta tax dollars at a pipeline, Keystone, that the oil business wouldn’t touch. Why? Because it would be unprofitable. So, Kenney jumps in tries to get it going, can’t and loses our tax dollars. Are Albertans really thinking they are a oil charity case? That everybody should invest in a losing proposition so we will feel better and a small number of Albertans be employed? Again, last time, why doesn’t the oil business do what you want? Why do you force governments to make you happy and do stupid things every oil analyst says will be a bust? Hmmm?