The Alberta NDP and the federal Conservatives might seem like strange bedfellows, but on the issue of the economy they are presenting a united front: build pipelines now to save the "crippled" oil industry.
Well good luck with that. Northern Gateway is dead, and he BC govt has just come out against Transmountain because Kinder Morgan hasn't met any of the 5 conditions it set, including demonstrating that they have the spill response capability.
We should be building refineries to process our own product - as we would have had with the NEP. And build the east-west pipe to stop having to import oil. If we can't sell the stuff overseas because of low prices, let's at least give Canadians the benefit of their own oil.
Don't know how Trudeau and Notley will build more oil infrastructure tho with their commitments to Paris.
No sense trying to help a dead industry. Might as well just buy it from the Saudis and leave what's underneath us in the ground. More important places like Montreal, southern Ontario, and the lower BC mainland deserve help more anyhow with the lifestyle they're trying to maintain.
Yup. The smart ones followed what Warren Buffet was doing and slammed most of their money into railway stocks. Us dumb ones made the terrible assumption that our jobs and contributions were valued by the rest of the country.
The basic cost of living that constantly goes up and 1000% increase in taxes over the last four decades have permanently ensured that none of us will ever be capable of saving in the same way our parents and grandparents did. It's an apples-and-oranges comparison between the economic environment we have and the one the previous generations had. The banks don't want you saving anyway, as shown by the near-zero percent interest rate on all forms of savings accounts and the under 2% rate offered (if you're lucky enough to even find one at 2%) on things like GIC's. They want that money constantly flowing because what they skim off the top is how they make their profits. Even the government doesn't want people saving anymore. When was the last time anyone ever saw an ad campaign from the feds where they seriously pushed sales of savings bonds and treasury bills?
"Alta_redneck" said Once the Hardisty rail yard's expansion is completed, they'll be moving more oil, faster and cheaper by rail than any pipeline can.
"BRAH" said Once the Hardisty rail yard's expansion is completed, they'll be moving more oil, faster and cheaper by rail than any pipeline can.
What's the worst that could happen?
I live in the vaporization zone of their tracks, (with in 400m) if that oil is shipped via CP. I used to be pretty paranoid of those trains. But since those pictures were taken, CP has rebuilt the track and the oil trains go through town at a maximum 10kmph (at least it seems that slow when you have to sit and wait for them) and you see lots of those real shiny new cars and those supposedly are the top of the line. So now if they maintain it all properly, all I can say about shipping Oil by rail is, " All Aboard !!! "
We should be building refineries to process our own product - as we would have had with the NEP. And build the east-west pipe to stop having to import oil. If we can't sell the stuff overseas because of low prices, let's at least give Canadians the benefit of their own oil.
Don't know how Trudeau and Notley will build more oil infrastructure tho with their commitments to Paris.
Thing is, we should have prepared for bad times while things were going well.
Please show me any government in history that actually did that.
Thing is, we should have prepared for bad times while things were going well.
Please show me any government in history that actually did that.
Not just government, pretty much every business and person too.
How many people do you know who spend as much as they earn, no matter how much, then complain when things go bad?
How many people do you know who spend as more than they earn, no matter how much, then complain when things go bad?
FTFY
Ummm, all of them.
TBF, my parents were savers, Silent Generation. They instilled it in me, but it returns
very little these days.
Once the Hardisty rail yard's expansion is completed, they'll be moving more oil, faster and cheaper by rail than any pipeline can.
What's the worst that could happen?
Once the Hardisty rail yard's expansion is completed, they'll be moving more oil, faster and cheaper by rail than any pipeline can.
What's the worst that could happen?
I live in the vaporization zone of their tracks, (with in 400m) if that oil is shipped via CP. I used to be pretty paranoid of those trains. But since those pictures were taken, CP has rebuilt the track and the oil trains go through town at a maximum 10kmph (at least it seems that slow when you have to sit and wait for them) and you see lots of those real shiny new cars and those supposedly are the top of the line. So now if they maintain it all properly, all I can say about shipping Oil by rail is, " All Aboard !!! "