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Politics : Canadian Political Free-for-All -- Ignore unavailable to you. Want to Upgrade?

To: seismic_guru who wrote (2587)	5/10/2003 8:38:52 AM
From: John Carragher	Read Replies (1) \| Respond to of 37169

(probally closer to $15), Now that would be a great world wide boost in spendable income but doubt we will see that kind of price cut. opec already to meet again now to cut back on oil... Iraq will join opec and perhaps cooperate with them to keep margins sufficient to rebuild their country.

To: seismic_guru who wrote (2587)	5/10/2003 10:03:28 AM
From: John Carragher	Read Replies (1) \| Respond to of 37169

U.S. Ambassador pushes for easier access to Canadian energy reserves CALGARY (CP) -- America wants more Canadian energy and regulatory rules need to be streamlined to allow that to happen, U.S. Ambassador Paul Cellucci said Friday. Capping off a visit to Canada's oilpatch nerve centre, Cellucci told the Calgary Chamber of Commerce that the United States needs easier access to the oil, gas and electricity reserves of its northern neighbour. "We want to be less dependent on Venezuela, where they turned the spigot off a few months ago; We want to be less dependent on the Middle East," said Cellucci. "We know that we have the resources here in North America to fuel the economies of Canada, the U.S. and Mexico," he said. "And we need a regulatory climate that encourages investment not only of the source, but of the transmission of this energy as well." After the speech, Cellucci said the U.S. expects to import nearly 1 million barrels of oil per day from the northern Alberta oilsands, and that number will likely double within the next decade. The U.S. recently changed its global energy reserve estimates to recognize the oilsands as proven reserves. This bumped Canadian oil reserves from five to 180 billion barrels, placing Canada number two in the world behind Saudi Arabia. Washington also believes that access to large natural gas reserves in Alaska and the Mackenzie Delta region of the Northwest Territories is vital to its future energy needs. Yet the energy companies behind both the $4-billion Mackenzie valley pipeline proposal and the estimated $20-billion US Alaska highway project have not even filed for regulatory approval yet -- a complex step needed before construction can begin. "It's pretty clear to us that we're going to need gas from both areas," said Cellucci, adding that the U.S. was in favour of a quick permitting process. Demand for natural gas continues to grow in North America as more new power plants are using cleaner-burning natural gas instead of coal. But conventional supplies are quickly drying up. When the top energy regulators for Canada, the U.S. and Mexico met earlier this week in Banff, Alta., they agreed that strong demand coupled with scarcity of new supplies would keep the price and consumers' gas bills highly volatile for at least the next three years. During his visit to Calgary, Cellucci also met with Ralph Klein to "personally thank him" for the Alberta premier's support of the U.S.-led war in Iraq contrary to Ottawa's position. But Cellucci's appearance was not without protest, as a small group of people huddled together against a May snowstorm and waved anti-U.S. placards. "Canada's been a trading nation for 150 years and we've never been opposed to trade as workers or as an organization," said Gord Christie of the Calgary and District Labour Council. "But we want fair trade, not these free trade agreements and this giving away our resources under the guise of free-trade."

To: seismic_guru who wrote (2587)	5/10/2003 11:25:29 PM
From: Ally	Read Replies (2) \| Respond to of 37169

>Its gonna be fun watching all those western oilmen so willing to hop on the US war bandwagon, crap their pants as oil drops to US$15-20 a bbl (probally closer to $15)< Exactly! That's why it is puzzling why Ralphy was so upset with Ottawa for not joining in the oil-grab war. The Iraq war is all about business, and not about WMD or Bush's holy desire to free the Iraq people. U.S. will have control over the Iraq oil, and for those who don't believe this, I have swamp land to sell as resort properties. How could Iraqis run their own elections freely when you have U.S. military bases all over Iraq. It is all a matter of subtle control and management. Bush is the CEO of Iraq, and typical of the Western CEO culture, you are illusioned to think you are free to do what you want. Not so! Here's how I think the business plan of the investment in the Iraq war will look like: 1. Iraq won't be a member of OPEC. The business plan is to liberate America from the oil strangle-hold of Saudi Arabia. 2. Invest $80 billion as capital investment in the war and the subsequent re-building. Get a multi-bagger return in terms of jobs and corporate taxes by awarding lucrative contracts to American companies. It's like an annuity. Spend one time, get paid year-after-year henceforth. Peter Lynch will be made proud for the multi-bagger strategy. 3. Sell oil as cheap as possible. After all, it's no skin of U.S. nose to sell oil cheap since the revenue goes directly back to Iraq. However, indirectly, cheap oil will generate billions and billions of earnings to U.S. companies, and will be like multiple doses of adrenalin to the U.S. economy. Cheap oil means cheaper wars for a super power. Cheap oil means an even gushier standard of living for Americans, especially the friends of Bush's tax cuts. Cheap oil means being re-elected and GOP staying in power, for ever. Meanwhile, back at the Albertan ranch, Ralphy is knocking his head on the wall when oil stays at $15 for years to come.

To: seismic_guru who wrote (2587)	5/15/2003 1:56:40 AM
From: Cogito Ergo Sum	Respond to of 37169

Russia is screwed as I understand it at 15$ oil. I'll try and find a link. China wants all it can get. So does North Korea. See all the Japanese nuke plants shut down. 20$ maybe 15$ well notwithstanding a crazy short lived spike I'm betting no. Wild card I guess is SARS effect. Aren't the North Sea countries set to become net importers in the relatively near future ? Then again if we have a depression like the doom and gloomers think,, then again it won't matter, my gold will kick in ;o)