Quote:
Originally Posted by tranq78
Ya know Drewski, school programs are a provincial responsibility not a federal one -- that includes Alberta lunch programs. And provinces, including Alberta, already has this plan.
Trudeau/Freeland's announcement of a child food program was done with zero consultation with the provinces. The provinces weren't even told ahead of time, not even the liberal/NDP provinces.
Good sound bites though for CBC to let us know how well the feds are taking care of us. Don't mention the already existing nasty UCP school nutrition program, a lunch program must be a totally different thing. See how doublespeak and willful ignorance works?
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Back to investing topics.
Oil and gas companies are benefitting from the unintended consequences of Trudeau trying to kill the industry.
The surviving energy co's have stopped growth spending. They are just spending enough to replace the reserves they used up while at the same time demand continues to grow even under Trudeau as our population is growing.
This means the current energy cycle is going to continue for a way longer time than past cycles.
Now hush, stop talking about it. You'll let everyone in on the secret and we can't have that!
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Oh Brother I know your pain!!! But it was not Trudeau's policies, it is also the US Democrats who created this crisis in the Oil Markets.
The Majors are all that is left in North America due to mergers in the US Industry. They are not investing in North America, and are only harvesting profits. They are waiting for a change in political climate before proceeding to re invest.
But they are working off shore in places like Guyana. This is why big players like Exxon, Chevron, Shell are going up 1- 3 % per week right now.
The Canadian Oil Space has seen small and mid level producers fail or be bought out from 2015 forward. The Majors still play in our Patch through big Oil Sand Plays for the simple reason that they own the Refineries on the US Gulf Coast that are set up to process this heavy oil, bought at a steep discount of course!!! The so called Differential was well known to the Liberals / NDP, who let this heavy oil discount continue for so long and allowed the US Multi Nationals get very rich on our expense. The fix was in from 2015 forward. The US Multi Nationals paid very little Tax in Canada, as the Discounted Canadian Heavy Crude Oil was sold to the US Refineries where the Processing resulted in a huge Value Added finished product and profit, for the US.
Things are now changing in Alberta. The Heartland Upgrader is taking Bitumen ROYALTY In Kind (BRIK) and making Alberta money.
Trans X is now running and there will be an alternative market for our heavy Oil forcing the US Multi Nationals to compete for our Heavy Oil and driving up the prices.
Now all that we need is for Domestic small and medium sized producers be Incorporated, start working in the Western Canadian Oil Patch, and start drilling for conventional oil. That is what creates the jobs and creates the wealth for Alberta.
Drewski