September 12, 2016

ConocoPhillips announces Calgary layoffs: More collateral damage from bad NDP policies

Rebel Staff
 

ConocoPhillips, the oil and gas multinational, has announced it will cut 1,000 jobs from the company's international workforce.

The company has focused nearly one third of their international layoffs in one city: Calgary, where 250 to 300 people will be cut from Conoco­Phillips’s workforce this September.

The statement from company spokesperson Rob Evans lays the blame squarely on things the NDP are responsible for even if he doesn't come right out and say it.

“Coupled with increased local cost pressures such as corporate taxes, regulatory compliance costs and property taxes, staying competitive in a global portfolio is a challenge for some parts of our Canadian business”

Did you get that? Regulatory compliance costs? That’s code for a ‘looming carbon tax in Alberta is hurting the Alberta portion of ConocoPhillips’ Canadian business.

These 300 newly unemployed people are just collateral damage in Rachel Notley’s war on oil and gas. Calgary is already at 9% unemployment. One in ten Calgarians are looking for work.

When will the unemployment rate be high enough to get Rachel Notley to change her agenda?

Comments
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commented 2016-09-23 22:19:24 -0400
The fact the rebel news give the oil pricing of the world in the hands of the Alberta Ndp. Says a lot for how the rebel news is a lousy at reporting.
commented 2016-09-14 10:34:23 -0400
Keep going, Notley.

Smash everything; keep going and they will love you for it.

There is no better way to kill off socialism than to let them have their own way for a few years. Then, once the cupboards are bare, and the rats and fled, everything can be remade proper.

Burn, baby. Burn.
commented 2016-09-13 16:18:53 -0400
Good point Doug. I wouldn’t want to put a penny into Egypt. Am actually surprised that as we continue in a worldwide recession any company would want to expand production of oil anywhere. I certainly wouldn’t invest in a company that is expanding right now unless they have something golden such as really cheap costs to extract. And I sure the hell wouldn’t do it in a Muslim country.
commented 2016-09-13 16:12:59 -0400
Anonymous…
It is far better to keep your mouth shut in matters you do not have the intellectual capacity to understand and have people only think you’re a fool than to open your mouth and remove all doubt.
As Christ has said 2000 years ago…
“come in my name and people will mock you as they hated me long before they ever hated you”
Without even realizing it you are for filling scripture.
commented 2016-09-13 15:38:25 -0400
The Noonoonuloonoos will destroy Alberta and if they win the next election because of the split “right” vote, I will have no choice to move to Saskatchewan.
commented 2016-09-13 15:09:10 -0400
Jason Kenney has finally pointed out something I have been saying for months now. The big players in the world oil markets, earlier this summer, announced investments to develop the Kazakhstan oilfields and offshore Egyptian drilling including near the Sinai. These two projects alone amount to a combined investment of well in excess of US$40 billion. They are dealing with the same oil prices Canadian oil would fetch if we had access to tidewater to move Canadian oil, yet these same players are postponing or outright cancelling projects in Alberta. If this does not point out to you that the current policies being introduced by Alberta’s government have decimated the confidence in Alberta’s economic climate, you are either a fool or – well, I guess you must just be a fool. How can areas like Kazakhstan and offshore Egypt have become a more attractive and stable place to invest than Alberta?
commented 2016-09-13 15:05:01 -0400
Is there actually any backlash or reaction to what Notley is doing to Alberta by Albertans. You name any beloved program or policy that the left loves and was taken away by conservatives, you can bet there would be thousands in the streets and media cameras rolling. WHere is the outrage? Oh we will show them come election time? Thats a real protest , isn’t it!
I can’t believe that there is not one NDP MLA that isn’t vulnerable and could not be constantly harrangued until they decided to fold up shop and resign. . Any protests ,local or at the Legislature? Haven’t
heard of any. What are the local Riding associations doing? Nothing? The local offices of the NDP should be inundated with letters demanding that the MLA’s resign and demanding personal meetings with them. Demand a written response and if you don’t get one write another letter. And stop being goaded into compliance because Notley calls you “angry”. You should be angry at every stupid bastard that voted for these Marxists.
We are going to keep losing until we start adopting some of the leftist tactics. Don’t want to be like them??? Well keep losing then.
RISK BEING DEPLORABLE because that’s exactly what Notley thinks of the hard working farmers and oil field workers.
commented 2016-09-13 13:53:08 -0400
Fair points about oil in other jurisdictions. Of course costs of all mining costs (gold, oil, base metals) have exploded since the Ralph Klein days (meaning $36 a barrel would kill most companies today). Yes, I agree the NDP is a disaster. Always is. We in BC have seen what a disaster they were in the 90s. The volatility of the oil price didn’t help. It had no business being over $100 and many bad business decisions were made on that – especially government decisions where future spending would be based on $100 oil. FWIW, I think the fair price should be around $50 to $70. Based on the assumption China is the only economy holding the world from a great recession.
commented 2016-09-13 13:08:00 -0400
Dale Warren Well most who vote NDP love the social programs and free money. Just have to wonder where it will come from now. Liberals and NDP destroyed alberta, just wait till they get started on the nat gas in BC , The LNG ship has sailed BC missed it, it is really to bad, Who will have there pockets picked now to pay for every special interest idiot group that comes along. OMG GASP THEY MIGHT HAVE TO PAY THERE OWN WAY. ESPECIALLY QUEBEC AND ONT.
commented 2016-09-13 12:25:07 -0400
Why would any thinking person vote NDP?
In the 90s . . . the BC NDP Government was destroying BC . . . don’t the folks in Alberta remember when the Companies and Workers were fleeing BC for Alberta? Don’t the folks in Alberta remember Finning and many other companies moving there a short 15 years ago?
Obviously no lessons have been learned over the decades by the voters . . .
ditto for those that voted for the vacuous Trudough last year as well . . . . we are ALL Ontar-i-owe now !
commented 2016-09-13 12:22:23 -0400
Her plan of ever more taxes and gov employees will crash, This smirking fool will take her place in the wall of shame right next to redford. Two useless leaders history will not be kind to,
commented 2016-09-13 11:37:12 -0400
Yes there really is no excuse for the premier of Alberta or Ontario to be over-seeing a have not economy – the two provinces in this nation gifted with abundant resources yet managed to spend them into debt and depression – unacceptable and indefensible. Klepto-socialism is incomparable with every economy that it infects.

Peter- you are correct, back in Ralph’s day the top price was $50/barrel and markets were running as low as $26 when he first took office, homes were being sold for a dollar and the owner walked away from his equity, drilling rigs on flat cars could be seen daily in mile long trains headed south, one out of 3 mall stores were boarded up, half the Eaton center in Calgary was closed, West Edmonton mall was bleeding red ink and headed for receivership and the employment rate was pushing 14% (although it was really around %18 – the federal government was afraid to reveal the true extent of AB unemployment.)

1/2 the depression was solved when Mulroney finally tanked the NEP which was vacuuming billions out of Alberta, but Ralph’s tough love budgets and debt repayment plan brought the province back from near insolvency. He created a stable and predictable royalty regime that industry leaders credit with fostering much of the sector’s growth. Klein’s philosophy was that “government sets the rules and industry plays the game.” Under his watch, they played it better than they ever did – or ever have since. Oil and gas began to recover and new exploration started, but the patch did not boom again until after Ralph had things in hand and prices hit $75-$100/barrel. Remember it was Trudeau who chained us to oil cartel pricing, had we the ability to set a Canadian/NA price and not undergone the open theft of resource revenue of the NEP, things would not have gone south

Anyone who did not live through this made in Ottawa economic winter in Alberta, is just talking through their butthole.
commented 2016-09-13 11:16:33 -0400
When will Notley change her policies…? When hell freezes over….dippers are zealots that take their directions from head office in Montreal…don’t expect any relief or change in Alberta until oil prices rise significantly but unfortunately it may be too little to late.
commented 2016-09-13 08:23:51 -0400
LEVITICUS 2013 commented 13 hours ago
Currently I am at Wild Rose supporter but I have not been very impressed as of late with anything that Brian Jean for his party has done… I think my allegiance may swing more towards a contraction an absolute contraction from lower Canada in the form of separation and then to secede

Baaaa Haaaaaa…..really? Good luck with that you religious NUT
commented 2016-09-13 02:46:18 -0400
Rachel Notley says “I hope y’all are ready to start enjoying your carbon tax..”
commented 2016-09-13 01:37:35 -0400
Rachel Notley:- “Are you wise?” to keep using that smarmy grin in the face of so much misery?…
commented 2016-09-12 21:52:46 -0400
Jack Pallance oil was lower before like others have said and i was busy as hell then as was everyone i know in the patch.
commented 2016-09-12 20:54:48 -0400
When unemployment is 100% then socialists have everyone working for them
commented 2016-09-12 20:53:16 -0400
It’s intentional economic suicide. Remember the smirking faces of the NDP when they said they’d keep oil in the ground. This is the only truthful statement they’ve made. Those mocking smiles are those of psychopathic bullies, that envy the working class.
commented 2016-09-12 20:07:53 -0400
And Jack, that $36/barrel is converted to the value of the dollar in 2015. The actual average was lower, but to be fair, I converted the dollar to 2015 when I calculated it last year.
commented 2016-09-12 20:03:14 -0400
Jack Pallance said, “I know when I play devil’s advocate you all think I am a liberal, but oil has collapsed from $150 to under $50. Do you think that is the prime driver behind this news?”

The price per barrel averaged $36 and change during Ralph Klein’s time and he brought Alberta out of debt and into profit.

But don’t let facts and reality get in the way of the “devil’s advocacy”, Jack.

Rachel is destroying Alberta with her policies.
commented 2016-09-12 19:55:35 -0400
Globalism, (Notley’s chosen form of socialism) has no empathy with the struggle of Alberta’s working class, it’s all about carrying forward transnational agendas of foreign special interests and public policy groups for whom Albertans have no democratic power to affect.

It’s like having detached foreigners running the province – and it certainly is apparent
commented 2016-09-12 19:54:10 -0400
“Oil has collapsed from $150 to under $50. Do you think that is the prime driver behind this news? " Nope! The evidence is pretty clear. Other provinces are doing better with the same price for oil. The blame can only be laid at the feet of the failed policy’s of the NDP. These useless idiots keep trying the same failed things over and over expecting different results… Why is it they always fail to grasp that a market will react to protect itself from cost increases?

Raising taxes and the cost of doing business has cost us and helped our neighbors.
“I think there’s an argument to be made that we saw drilling numbers around the world come off but we did see a very clear trend of Saskatchewan’s investment go up, B.C.’s go up and Alberta’s go down,” said McMillan.

http://calgaryherald.com/business/energy/alberta-drilling-rig-count-decline-linked-to-ndps-royalty-review
commented 2016-09-12 19:46:29 -0400
Currently I am at Wild Rose supporter but I have not been very impressed as of late with anything that Brian Jean for his party has done… I think my allegiance may swing more towards a contraction an absolute contraction from lower Canada in the form of separation and then to secede
commented 2016-09-12 19:34:46 -0400
The oil industry in the US of A is expanding.

Gas and oil drilling rig numbers are up.

A new oil and gas development is continuing

Alberta is dying because of dipper policy and federal policy

Canadian media is supporting our despotic fed and prov governments
commented 2016-09-12 19:34:46 -0400
The oil industry in the US of A is expanding.

Gas and oil drilling rig numbers are up.

A new oil and gas development is continuing

Alberta is dying because of dipper policy and federal policy

Canadian media is supporting our despotic fed and prov governments
commented 2016-09-12 19:34:45 -0400
The oil industry in the US of A is expanding.

Gas and oil drilling rig numbers are up.

A new oil and gas development is continuing

Alberta is dying because of dipper policy and federal policy

Canadian media is supporting our despotic fed and prov governments
commented 2016-09-12 19:34:13 -0400
D minus; 2 years 8 months and counting.
commented 2016-09-12 19:03:59 -0400
I know when I play devil’s advocate you all think I am a liberal, but oil has collapsed from $150 to under $50. Do you think that is the prime driver behind this news?
commented 2016-09-12 18:52:54 -0400
Back from Newfoundland and the Labrador, where the workers I talked to were appreciative of the jobs given to outport workers to keep the outports alive.

I suggest reading “Let the Eastern Bastards Freeze in the Dark” then “Don’t Tell the Newfoundlanders”, to see how much in common the Nfld’ers and Prairies have in common with respect to the Laurentian elite empire.

I was truly moved by the comments of those from the Rock and Labrador about how Alberta used to keep the Outports alive, not surprised since I have worked with same.

One more claim to fame for the invisible energy minister. Besides killing Albertans, she is including Newfoundlanders.

Now I wonder if this gets posted, since I received a warning from “Rebel” about my last posting about going to N/L where the workers were, from 4 weeks ago. At least I think so since “Rebel”, like CBC, would not tell me why I was warned.