It
just seems that there are few places in Canada where you can get away from the
oil issue. Enbridge is still having
leaks, and now they have permission to reverse the flow of oil in Ontario, the
Chinese trying to buy Nexen (a Canadian oil company) which has upset the
Americans and the ongoing soap opera in B.C. over the proposed pipeline to the
Pacific.
Christy
Clark, the Premier of B.C. was in a war of words with Premier Alison Redford of
Alberta. Basically it boiled down to
Christy wanting money to allow the oil through B.C. and wanting a piece of the
royalties paid to the Alberta government by the oil companies. Alison suggested she do something else.
No
money=No pipeline.
This
issue was further escalated by the appearance of the Harper government’s pet
bulldog John Baird who announced that no province has the power to hold Canada’s
economy hostage.
Now
it seems to have calmed down. Christy is
no longer calling for a share of the royalties but only a tax on oil that goes
through B.C. Alison has no issue with
this as it doesn’t affect her province’s royalties…
But
the aboriginal people in B.C. are not amused.
They thought they were on the same team over the oil pipeline, the team
with the environmentalists on it. I
guess not. Money talks and, well you
know the rest. Link to the
story.
Next
we touch on the Nexen-China deal.
This
is a strange puppy as there are Republicans and Democrats and a Bear Cat who
are uneasy about this.
Republican
Congressman Randy Forbes is upset that the deal would give China access to the
U.S. energy market and he doesn’t support that.
He blames President Obama for the delays with the Keystone XL pipeline
which was to pass through environmentally sensitive areas. Link
to the story.
Democratic
Senator Charles Schumer wants the deal blocked because it would give China
access to the U.S. energy market and he doesn’t want that until China opens up
their energy markets to U.S. firms. Link
to the story.
The
Bear Cat is confused as to why our right wing media types are all whiney and
moany about Dr. Bethune and the Chinese Communists but really haven’t said much
about the Chinese buying Nexen at all.
The Chinese state owned company CNOOC is trying to buy Nexen, and it
baffles me as to why these media types scream bloody murder about the Canadian
government being involved in the oil fields but seem as happy as clams about a
foreign government being there and Communists to boot.
Just
to add to the confusion, the U.S. securities regulator (the SEC) is
investigation insider trading in the CNOOC-Nexen deal. It seems a number of investors in Asia bought
Nexen shares just before the CNOOC announcement that they were going to buy
Nexen, which sent Nexen stocks up 52%. Link to the
story.
Next
on the list, our friends at Enbridge got permission to reverse the flow of an
oil pipeline in Ontario which links Sarnia to Hamilton. Enbridge did have to make some big promises
before it was allowed but some are arguing that it won’t be enough.
I’m
no expert when it comes to oil and pipelines and trying to find out about these
things on the internet is almost impossible.
There are seas of information, but the information is usually so biased
that it is difficult to reach a real conclusion. However it is worth noting that this pipeline
(line 9) is part of the same system of lines that the oil spill in Kalamazoo
Michigan came from. Link
to the story.
And
finally, Enbridge is dealing with yet another spill. This one is in Wisconsin. Enbridge did manage to get the line shut down
quickly but 1000 barrels of oil still managed to escape. The scary part is this was a fairly new line
built in 1998. That is likely newer than
the one in Ontario they are reversing. Link
to the story.
Enbridge
is none to popular in the Midwest right now.
Look,
I’m not naïve, I realize that if there is oil to be got in Alberta that someone
is going to get it. What I’m after is
why aren’t Albertans pushing to process the oil in Alberta? That would make sense to me.
After
the bitumen is processed into oil and gas, it can be sent all over the place in
pipelines with greatly reduced risk.
That makes sense.
Instead
we have The Harper Party trying to appease the oil companies by reducing environmental
rules and making life easier for them while at the same time sitting on their
hands about a Canadian oil company with holdings in the Gulf of Mexico being
bought by a Chinese state owned company which if nothing else will annoy our
largest trading partner to the south.
The
onus should be on the oil companies and the pipelines to act responsibly. We know that the oil will flow, it should be
the responsibility of the Federal and Provincial governments to ensure that the
oil companies do it properly and with the least harm to the environment and to the
peoples in the regions affected.
But
that would be a bit much to ask of the Harper crew, wouldn’t it?
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