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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: kidl who wrote (18868)	3/23/2012 9:45:14 AM
From: axial	Read Replies (1) \| Respond to of 24928

Hi kidl - I was in Halifax when the Oil Embargo hit in '73. The only hope for the Maritimes and eastern Quebec was an Esso supertanker en route from Venezuela -- it held enough crude to get us to spring. If the Americans had decided to turn it into New Jersey, we were SOL. Fortunately, they didn't. Since then we're getting our eastern oil from non-domestic sources. Nothing's changed in almost 40 years. We're losing billions on our oil because our southern neighbours's consumption is changing, because of supply and storage snafus, and because US special interests have eaten away the foundations of NAFTA, in which we bargained successfully for for Canadian industry in exchange for US energy security. Now the jobs are gone. Softwood lumber was sacrificed, tribunal rulings be damned. By some strange coincidence all of these misfortunes work to benefit the US, and disadvantage Canada. We've got refineries in Come-By-Chance, Port Hawkesbury and St. John. Beyond eastern offshore oil, if we get Alberta crude crude to those refineries, not to worry - there'll be buyers for the oil, and tankers to carry it.. Meanwhile we've taken care of Canada's interests. Everyone's fixated on sending oil west and south, while the east hungers for the jobs and energy security that crude would supply. FUBAR. Jim