Friday, December 28, 2012

Alberta and BC plans to ship LNG are an expensive farce.

Five years ago, the Price of Natural gas was 15.00 per Gj.  US Today it is 3 dollars and falling. There is no recovery in sight. For this reason ENMAX set about building an electrical  generating facility in Calgary, gas operated.
During this 15 dollar a GJ time, there was a great deal of gas and even more markets!  Yet, we were told that shipping LNG was not profitable. 
The Petroleum Industry is saying they can make a few cents at 2.34 US per GJ only if  the taxpayer of these provinces pay for all the infrastructure and much of the overhead expense.  Gas is expected to drop to 2.50 or lower this summer!
Alberta's  conventional oil has peaked! It is expected to be half of what it is today within 5 years.
Between the royal years of high gas and oil prices we have not one cent to show as a province. Instead, the Conservative Government has siphoned off our Heritage Trust fund taking more than 70 billion dollars from it and  has been using municipal pension funds for Government financing; has reduced our oil royalty to zero and has been discounting our oil on the market at a flat 30% off!  for the past 15 years.
The only chance we have is in a real opposition party to take over! The Wild Rose party are part of the problem along with the Liberals in BC.  The Liberals, are entirely in tune with the Conservatives and the Republicans in the US.  My guess is it is the US Republicans who are calling the shots.  
Here is your breakdown of the Political Parties in this province!

The Conservatives are following the plan laid down by Ralph Klein. They haven't deviated from it at all, regardless of who stands up as premier! This is why their current tour asking public opinion about health care is worth nothing andwill change nothing; it never has.   

The Wild Rose Party was/is a small right wing group of extremists who caught the Oil Industry eye. Harper supported them totally throwing his seasoned election types into the WRP as managers during the elections.
The Wild Rose have worked on their extreme positions for years constantly deluding the people in the LDS church prevalent across southern Alberta. Their cornerstone is doing away with the Balance of payments program and they deliberately ignore Alberta's experience with the program. Their argument is now and always has been "the oil belongs to the oil companies; left wing types are trying to take it away"
Alberta received equalization payments until 1947 and again from 1957 to 1965. We got our share of the program when we needed it! It is a Canadian solution so both Harper and the WRP want to end it.
The Wild Rose Party muddies the water by saying the equalization payments were not started until years later. That in itself is true but, this does not change the fact Alberta survived on payments from Ottawa for a great many years before they named it Equalization payments .
They also sight the Chase Manhattan Bank as being the great Canadian Savior by
saving us from the evil eastern banks of the day. One does not have to wonder about their
Oil and Harper supported them on the net and in finances and bannered them as the Ugly Sister of Conservative politics. It worked! We now have a total circus of nutters for an official opposition.
The Alberta Party is still lurking in the background having no policy or platforms saying they will be whatever Albertans want them to be. Always taking studies and never committing. They too have the interest of the oil industry and will be left extremists depending on what is needed to destabilize the vote in Alberta.
As in no time before us, it is imperative the Liberals and the NDP start working together! A vote for the Alberta Party is beyond uniformed; it is dangerous!
Albertans are led to believe a change in Government will damage their employment and careers. Nothing could be further from the truth!
With our additional 42 billions dollars in our economy the employment would be better with far more choices and having a massive support for education and health care.

Sunday, December 16, 2012

Alberta's Power line scheme explained

Alberta citizens do not need new power line!  Look around you!  The oi industry needs power lines to export their surplus power to the US.  You may recall Syncrude worrying about getting caught up in a court case in California when the latter was suing suppliers for overcharging electricity.

Foremost exporting power to the US has a jurisdictional hurdle to get over.  If Alberta admits the power is for export the Feds have jurisdiction over what rates are charged and can take revenue from the export.  The whole scenario is being set up to keep the Fed out of the power lines.   This Conservative dance is going to cost you 40 to 80 dollars per household in costs on your electrical bill and industry will pay between 150 and 500.00 on their power bills.

There is no chance of new industry coming to this province having the highest cost of living in North America if not the world!

However, there is exciting new technology in Nuclear Power Plants.  They are small scale, called Micro or Mini plants that produce 1000 megawatts of power.  (Standard Nuclear plants are built in batteries of 2000 megawatts per unit)  Couple this with the enclosure design that recirculates its water in a cooling building and you have a winner.   

This is the future of power generation in the tar sands!  They need to reach the US with their surplus power. And, the Conservative and Wild Rose party want the current consumers to pay for it all.   Minister Ron Liepert acknowledged as much when he said "Nuclear is in Alberta's Future"  when talking of power needs in the oil patch.

Beyond read is the current game:

The conservatives turned the power over to the cities to use as an indirect taxation resource and they are sure going to town on it. The more money the cities need the higher your power will go.  Here is how it effects you immediately:

Recently I changed my ENMAX (Far less expensive than EPCOR and their add-on) account from.08 contract to market at.055 a huge savings for me!

ENMAX did a number of things important to look at.

They increased their market rate to.09 per kWh overnight referring to it as "their offering" rather than the flow through rate. Because I was a long time customer (they said) they offered me my old rate .08 per Kwh or 8.00 per Mwh if I signed back up. Access to the market prices is a total farce and will stay that way until the price of gas actually skyrockets! 

When I jumped to market it was effective at the end of the current billing period. When they I signed back up at.08 it was effective immediately. If nothing else it proves there is no such thing as a flow through rate in this province!

I spent 15 min on the phone with their representative on legalese 
 recording answers to a number of questions about did I know what I was doing. Included in this was a caution out front that ENMAX were not responsible for increases in power line and transmission rates.

There is only 1 cure for this! Get rid of this Government! Don't bother with the WRP they are totally on side.

This Government is planning price increases on your electricity starting immediately in the new year.  They will probably start into increases at 2 cents per Kwh.   If you elect them again you will find you are hit with rapid increases of up to 15 or 20 cents per kwh!  The new DC lines are really; really expensive! 

There are close to 2 million households in Alberta.
For 2 cents raise in power or lines each home will pay 18.00 a month more!
Corporations will rake in 36 million dollars a month!

That is another 4 hundred million dollars a year (for 20 years or more) they are going to rip out of your pockets! You have every right to get definitive answers; settle for nothing less!

After the election you are looking at a 400 million dollar a year rip off for which you receive nothing!

The cure for this? Get rid of them!

Thursday, December 06, 2012

Author required - contact me!

Alberta the details has a history of the Conservative action in Alberta that spreads 10 years.  Because these guys play the same game over and over there are duplicates and/or variations on the same subject.

I want to work with an author, a literary talent into turning this blog into a book prior to the next election.
We will work on profit sharing.

If you want the challenge; contact me!


Wednesday, December 05, 2012

Conservatives playing the same old game-again.

The original game came forward out of election eve of desperation.  The new game is in play now, trying to convince Albertan’s of industry desperation that won’t allow a claw back on heavily discounted oil.  Between the discounted oil and zero royalty we are paying the industry to take the resource from the province and we make nothing!  Zilch!

The Game:  On the eve of Selmach’s last election there was a big play about no money being collected by Alberta for royalty.  Just before the election was called, they posted the “New Royalty Regime” which is made up on nonsense, never to be used numbers.    On the bottom of the page is one single line, Revenues taken in Canadian Funds.  That little sleight of hand cost Alberta 18% of its royalty at that point in time!  Privately Conservatives laughed at how dumb and gullible Albertans were.

Since Ralph Klein started the raid, our take on royalty has dropped straight line to zero!  A full half of our royalty was lost since this document was first released!

After they were elected the world recession hit (again).  The price of oil tanked as there was a glut on the market.  The oil patch having a large number of illegal immigrants working for them who could not collect EI for that very reason, were in trouble. 

Alberta responded with a 7 billion dollar make work program that was to keep these foreign bodies working with some income.  Some workers were catching one weeks work a month under the program.  At no point was the industry asked to account for the 7 billion dollars they drew down!
The Government was broke; they didn't have 7 billion dollars however AIMCO was sitting on 70 billion dollars of Alberta Municipal and Government pension funds.  AIMCO declared a 7 billion dollar loss through bad investments while like companies in their industry were showing a 3% profit!

Certainly, AIMCO is not arms length from the Government as stated.  With the loss stipulated, it means there will be no chance of payback.   Municipal pensions were robbed!

Understand this is not a local Alberta or even Canadian event!   Drilling was at a standstill throughout the US and around the world!  They had to be kept busy and the Shale play was the only game in town. 
Saskatchewan was first off the mark to go after the shale.  There were not many crews and equipment that could work the shale at that time.  The headlines in Alberta however ran with ongoing stories the oil rigs were leaving Alberta for Saskatchewan because of the high royalty rates Alberta was charging!
Next into the shale efforts was British Columbia.  Same stories played in the news again;  Because of high royalty rates, Rigs were leaving Alberta for BC!

Ongoing stories (outright lies) running for over a year went a long way to convince the public that there was a grain of truth in what they were saying.    As I have come to see this shoddy event, Alberta taxpayers funded much of the shale drilling in BC and Saskatchewan! Certainly both Provinces had illegal aliens working their oil patch.

Now; today, both royalty and discounted oil are on the agenda.   Based on 100.00 per barrel that is  64 billion dollars a year that should be in Alberta to work with. Instead; it is literally down the tubes.  These are low numbers as Pentane also down the tubes is discounted heavier than the oil.  If oil is at 88.00 per barrel, take 88% of the 64 billion to see what you, your family are being ripped off. It will be low, in Canadian Funds but a good idea. 

Oil Industry and the Conservatives who are working hard for them at the expense of the province have a new con in play.

Now they are running newspapers ragged with stories and items about short funds and cite low oil prices because of discounts.
Alberta sets the prices!  This isn't some big bidding war!  Even it if was a bidding war it would be crooked and totally fixed!     Saskatchewan or BC does not have to discount their oil to sell it!

Three major refineries that feed off Alberta oil shut down for refit.  This shorts Alberta sales of oil by 300,000 barrels per day and that is a lot of revenue even though Alberta taxpayers see no part of it.

The Alberta Conservatives and their shadow the Wild Rose Party (who were thrust into opposition by the oil industry) have absolutely no intention  of changing either the oil discounts or the oil royalty both of which we are entitled.

Suncor, just today released its 4th quarter record production and profits.  They say it costs them 33.00 per barrel to produce the oil.  They also say their output is up to 325,000 barrels per day.   That means their profits are running 325,000 barrels times 55.00 US!   Provincial profits are zero.

If you have a want for a future for your kids; a reasonable care for your parents in their old age; get rid of this Government and the opposition.

Are you afraid of change?  What could possibly be worse than electing a party or parties time and again who  continue to demonstrate they have absolutely no interest in bettering this Province.  They continue to keep enough money in play you and your family can survive if you go into debt.

You deserve more! Take it!  Vote these people and their ongoing lies and games out of office!

Newer Posts Older Posts a> Home