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Posted: Mon Jun 21, 2004 9:15 pm Post subject: soooo....what about canada? |
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| there's been a lot of talk about how various european nations, not to mention the US, would weather the end of cheap oil, but not much on canada. i'm not interested in doomsday scenarios; obviously, if we're all dead, we're all dead. in the event of economic trouble, any bets on which way canada would go? |
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Cool Hand Linc Intermediate Crude


Joined: Apr 17, 2004 Posts: 984 Location: Tulsa, Ok
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Posted: Mon Jun 21, 2004 10:33 pm Post subject: My thoughts |
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Canada is in a difficult situation much the same as the US and other petroleum importing countries. I am not sure but I think Canada is exporting oils and coal currently. This positions Canada in a good place.
Costs of goods are already slightly higher than more southern climate’s. As the cost of living goes up, the cost of living in a colder climate should go up.
I am not sure that anybody can give answers for the future. Do you live in Canada? If so, research the information. Living in Canada would give you better insight as to what the future may hold. You most likely would have a better understanding of the infrastructure required to live at current economic levels in more northern climates. I would like to hear what you think. The insight you can give to this group could be very positive!
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notacornucopian Heavy Crude


Joined: Apr 27, 2004 Posts: 150 Location: Southern Alberta, Canada
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Kurobei Guest
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Posted: Thu Jun 24, 2004 6:54 pm Post subject: Canada |
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| I'd fight for Canada if the U.S. launched a pre-emptive strike on false pretenses, with an ulterior motive for oil. And that's saying alot since I can't stand cold weather. |
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Barbara Light Sweet Crude

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Joined: May 26, 2004 Posts: 1195 Location: Zoorope
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Posted: Fri Jun 25, 2004 2:44 am Post subject: |
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I know Canada and USA have a treaty which forces Canada to sell oil to USA. If Peak will hit soon, Canadians may try to stop selling their oil to keep it for themselves.
What will USA do? _________________ **no english mothertongue**
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Objects in the rear view mirror
are closer than they appear. |
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Leanan News Editor


Joined: May 20, 2004 Posts: 4567
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Posted: Fri Jun 25, 2004 11:42 am Post subject: |
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Not oil, natural gas. NAFTA requires Canada to sell 65% of their natural gas production to the U.S. - at bargain basement prices. In perpetuity, no less.
Canada may well break that agreement. They've already had some political heat over it, when natural gas prices went through the roof last year, and Americans were buying Canadian natural gas for cheaper than Canadians were getting it.
Overall, I think Canada will be in the same boat as the U.S., come crunch time. Our economies are too entwined. |
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JayHMorrison Intermediate Crude


Joined: Jun 17, 2004 Posts: 881 Location: Unknown
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Posted: Fri Jun 25, 2004 5:02 pm Post subject: |
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| Leanan wrote: | Not oil, natural gas. NAFTA requires Canada to sell 65% of their natural gas production to the U.S. - at bargain basement prices. In perpetuity, no less.
Canada may well break that agreement. They've already had some political heat over it, when natural gas prices went through the roof last year, and Americans were buying Canadian natural gas for cheaper than Canadians were getting it.
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Canada got that deal with the USA because the USA provided a great deal of support and aid in developing those resources. In exchange for the development (financial and technical) an agreed upon supply contract was made.
That kinda changes the situation dont you think? When someone invests money or knowledge in a project, they are entitled to a return on that investment. Capitalism sucks doesn't it?
Liberals need to understand that nothing in this world is free. This constant "blame the USA" attitude is just pathetic. |
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JayHMorrison Intermediate Crude


Joined: Jun 17, 2004 Posts: 881 Location: Unknown
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Posted: Fri Jun 25, 2004 5:03 pm Post subject: |
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| Barbara wrote: | If Peak will hit soon, Canadians may try to stop selling their oil to keep it for themselves.
What will USA do? |
The US companies involved will file lawsuits to enforce their development contracts and rights. They will win and forclose on the properties, then take all of it. |
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JayHMorrison Intermediate Crude


Joined: Jun 17, 2004 Posts: 881 Location: Unknown
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Posted: Fri Jun 25, 2004 5:04 pm Post subject: Re: Canada |
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| Kurobei wrote: | | I'd fight for Canada if the U.S. launched a pre-emptive strike on false pretenses, with an ulterior motive for oil. And that's saying alot since I can't stand cold weather. |
The fight would be in court. Put down your gun and get a law degree. |
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Ender Heavy Crude


Joined: May 21, 2004 Posts: 158 Location: Melbourne, Australia
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Posted: Fri Jun 25, 2004 8:09 pm Post subject: |
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| Leanan wrote: | | Overall, I think Canada will be in the same boat as the U.S., come crunch time. Our economies are too entwined. |
Perhaps. But Canada is one of the best placed countries in the English-speaking world to reduce its dependence on imported oil.
It has substantial uranium reserves, substantial gas reserves (provided it stops exporting it all to the US), and much better public transport. |
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JayHMorrison Intermediate Crude


Joined: Jun 17, 2004 Posts: 881 Location: Unknown
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Posted: Fri Jun 25, 2004 8:45 pm Post subject: |
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| Ender wrote: |
substantial gas reserves (provided it stops exporting it all to the US) |
The socialists on this website need to understand something very simple. When an investor puts up capital to develop a resource, that investor is entitled to a return on the investment.
Canada cannot stop exporting to the US. US energy companies own the development rights to large percentages of those resources. Those resources were only developed because of US energy company technology and capital. In exchange, Canada received royalty payments and the Canadian company partners received capital and exploration technology.
Capitalism is like that. Investors get a return on their investment. I realize that is difficult to understand when you are a socialist and feel that the gov't should own everything. But the USA made it possible for the resources to be developed in the first place. |
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Cool Hand Linc Intermediate Crude


Joined: Apr 17, 2004 Posts: 984 Location: Tulsa, Ok
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Posted: Fri Jun 25, 2004 10:38 pm Post subject: Canada and the US |
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Both countries are so entwined. They will both be affected in the same way. Mexico too. North America will be hit in much the same way. My thoughts
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Ender Heavy Crude


Joined: May 21, 2004 Posts: 158 Location: Melbourne, Australia
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Posted: Fri Jun 25, 2004 11:19 pm Post subject: |
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| JayHMorrison wrote: | | Ender wrote: |
substantial gas reserves (provided it stops exporting it all to the US) |
The socialists on this website need to understand something very simple.
Canada cannot stop exporting to the US. |
Not completely. They could decline to enter into any new contracts, though.
They could also dishonour some of those contracts, if things get dire enough. |
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gg3 Expert


Joined: May 24, 2004 Posts: 3429 Location: California, USA
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Posted: Sat Jun 26, 2004 3:16 am Post subject: |
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I have specific and first-hand knowledge of wind resources off the West Coast of Canada that are approximately equivalent to six large nuclear reactors. There will have to be some transmission line construction, but that's true of any significant generating project that's not right next door to its demand.
Then there's the Candu reactor design, which has proven itself quite well over the years. In fact I don't see why we can't make a deal to import those.
As far as gas is concerned, if there are specific contracts with US companies, fine, and if the Canadians want to challenge 'em, that's what courts are for. However I see no reason to embody that stuff in an international treaty, any more than I expect my city government to pass an ordinance requiring local businesses to buy their PBX equipment from me.
What I also find interesting is the contrast between *that* type & degree of government intervention, and the efforts by FDA to prohibit Americans buying medications from Canada, which trade apparently has quite a number of eager and willing participants on both sides of the border. |
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Barbara Light Sweet Crude

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Joined: May 26, 2004 Posts: 1195 Location: Zoorope
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Posted: Sat Jun 26, 2004 5:25 am Post subject: |
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Oh, yes, it's capitalism and market laws...
when you make a contract about the prices of a resource FAKING the informations about that resource.
I think that if Canadians were informed (and the rest of us, of course) that the real oil reserves are faked, then the price of that gas would be very different.
In this case, that contract should be invalidated. _________________ **no english mothertongue**
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Objects in the rear view mirror
are closer than they appear. |
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