July 05, 2016

Chevron, Exxon invest $36 BILLION in Kazakhstan instead of Alberta — thanks to Notley NDP

Ezra LevantRebel Commander

Two big oil companies, Chevron and Exxon, have announced they’re going to invest $36.8 billion dollars US to expand their existing oil project in Kazakhstan, in Central Asia.

British Petroleum announced $8 billion to build liquefied natural gas infrastructure in Indonesia. A large Italian oil company announced $4 billion to develop offshore gas in Egypt.

Those are rough countries. But they’ve just locked in about fifty billion dollars of oil and gas investment, even though world prices are low.

Because in the eyes of world investors, the governments of Kazakhstan, Indonesia and Egypt are safer investment risks than Rachel Notley’s NDP.

Now, that’s not being completely fair.

See, there actually are some multi-billion dollar investors still willing to invest —  in pipelines: Energy East, Northern Gateway and Trans-Mountain.

But we know how that’s going…

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commented 2016-07-26 22:32:55 -0400
Bill Jackson you are the one that is obviously a sheep following whatever the liberal media tells you with their political correct mombo jumbo. Ezra Levant speaks the truth that’s why the liberal media outlets don’t like him because he doesn’t sugar coat thing’s for fear that it might offend someone. Keep your head buried in the sand along with everyone else that watches cbc and ctv and think that they are reporting the real news
commented 2016-07-08 01:44:38 -0400
The Rebel!!…Pure Ezra Levant Conservative bullshit!! Anyone who believes the crap this donkey puts out is about as smart as he is and that is not saying a whole lot about you!! He’s so bad that Sun Media didn’t even want him!! Now!! That is bad!! :)
commented 2016-07-07 23:20:21 -0400
Despite the unsubstantiated nonsense in the article, Chevron most likely invested in the Tengiz oil fields because the breakeven on oil production there is $40-50 per barrel cheaper than here in Alberta. Alberta has the highest costing oil of virtually anywhere in the world except maybe Venezuela, because it’s locked up in bituminous sands. As long as the Saudis keep flooding the market with their dirt-cheap oil to strangle the producers in North Dakota into submission or bankruptcy, few new investments will be made in Alberta, regardless of the political stripe of our government.
commented 2016-07-07 02:39:18 -0400
Andrew if wind is cheaper then why does it cost so much? You are a true idiot.
commented 2016-07-07 00:25:44 -0400
Actually Andrew has no idea what he’s talking about and one would know that if they had knowledge of the industry and economics. His superficial and ignorant arguments sound like they come from liberal rhetoric and are demonstrably false. One need not waste time going into thorough debunking however, just ask yourself this: when Andrew claims the industry is unviable here do you trust “Andrew” from the comment section, or the companies who are willing to invest BILLIONS? Who has more credibility? That’s right… His claims are absurd… I suppose those big evil corporations just want to throw their money away to make liberals mad right?
commented 2016-07-06 23:27:28 -0400
Look, if Andrew Stephenson says that wind is cheap I believe him. He has always been sensible:

Andrew Stephenson commented 1 month ago
Consensual relationships of any nature should be permitted. As long as everyone involved is OK with it, it’s none of my business.

Nnaumbua Farrell commented 1 month ago
Michael Mann and Andrew Stephenson, do you believe that incest and polygamous marriage should be prohibited?"

J… Just ignore that guys. Go Andrew Go!
commented 2016-07-06 17:29:18 -0400
No where in your article does it say Chevron or Exxon were going to invest in Alberta. If you find an article that says that post it but don’t start grasping at bullshit which until you prove me wrong, is bullshit and it just takes your credibility to 0 amongst your readers.
commented 2016-07-06 10:39:24 -0400
ANDREW STEPHENSON: “Wind is already cheaper than other forms of energy.”

Andrew maybe you can explain the CHEAPNESS of Ontario residents power bills. And what about the massive subsidies needed world wide to keep the wind scheme afloat, and solar subsidies as well for that matter.Where do you think that money comes from? Might not show up on your power bill, but guess who pays?On your blurting about clean coal I’ll get my information from someone who spent much of his adult life studying coal burning power plants. If you wish I may be able to put you in touch with him. Your argument would be short lived. Time will give us the answers. Have fun Ontario. Enjoy the Wynnedy ride. Alberta to follow. Brilliant.

DJBT,STPC,Witch1 and Witch2
commented 2016-07-06 09:16:45 -0400
“Clean Coal is very promising and money should be spent to develop the efficiency of Clean Coal projects, not the Plateauing Wind/Solar dreams these leftist nuts believe can provide energy”

Clean coal is a marketing term, it doesn’t actually exist. There are far too many trace contaminants in coal for it to ever be truly “clean”, the filters to do so are enormously technically complex, have very high parasitic loads, and are still not 100% capable of capturing pollutants such as mercury or aerosolized radionuclides. Have you seen the complexities associated with e-controls on a diesel engine now? Multiply that by a factor of five to get a “clean coal”.

The difficulty of controlling emissions are actually one of the reasons why the world has largely shifted to natural gas. It’s more expensive, but because it’s so much cleaner, you can capture more energy out of it, and emissions are far simpler (NOx, mostly)

Wind is already cheaper than other sources of electricity. Capital costs are similar to other sources, and there are no fuel costs associated with it, a huge advantage.
commented 2016-07-06 02:27:05 -0400
Andrew that is total BS , shipping is not a problem, socialism and taxes are the problem, Alberta has more than bitumen idiot. Now go back to teaching University LMAO!
commented 2016-07-06 02:09:39 -0400
This is all part of Agenda 21, I was just reading up on Kazahkstan and they have been trying to implement a Carbon tax their as well, It has been met with enough opposition to keep getting pushed back, One of the key problems is the Damage to the Coal Industry. Clean Coal is very promising and money should be spent to develop the efficiency of Clean Coal projects, not the Plateauing Wind/Solar dreams these leftist nuts believe can provide energy. Oil & Gas have vested interests in destroying Clean coal because of it’s potential to be efficient, cheap and Environment friendly thus it offers steep competition for the oil & gas industry. I also looked into Justin Trudeau’s Funding which there’s not much information about however, I was able to find out that he inherited his large fortune from he Grandfathers Champlain Gas Stations in Quebec, which were sold at a profit to none other than…..Imperial Oil (mostly owned by ExxonMobil) Which has huge influence in Washington. Hmmm. Something seems Fishy.
Kazakhstan http://www.eurasianet.org/node/67229
Clean Coal http://science.howstuffworks.com/environmental/green-science/clean-coal1.htm
Justin Trudeau http://www.orleansstar.ca/Blog-Article/b/23697/Justin-Trudeau-is-richer-than-you-think
commented 2016-07-05 23:57:07 -0400
Next we’ll hear are oil and gas companies closing deals in Saskatchewn. Oh wait that just happened.
commented 2016-07-05 23:19:34 -0400
“lawrence o’byrne commented 2 hours ago
stephenson ,the only trash is your BS comment, like i said go to the CBC site ,your an idiotic troll "


commented 2016-07-05 22:34:54 -0400
I wonder if that’s where all the money went when fleeing the province after the election. How many billions fled right after the election. Will it ever come back.
commented 2016-07-05 21:20:22 -0400
stephenson ,the only trash is your BS comment, like i said go to the CBC site ,your an idiotic troll
commented 2016-07-05 21:16:44 -0400
Removed for violating rule:Avoid excessive profanity.
commented 2016-07-05 21:08:10 -0400
It is not Canada any more, it is a district/region of the UN Global order. The marching orders comes from the U.N.. Notely, Trudeau are the puppets in place to implement the orders.
commented 2016-07-05 20:36:23 -0400
in 6 weeks it be will full-on winter in Nunavut, somebody better fly up and convince them that it won’t be…you know…tow the party line… for global warming of the planet…
commented 2016-07-05 20:31:28 -0400
There is also the simple fact that they’re geographically closer to massive, underserved markets. Why ship LNG or oil halfway around the world when you can develop a local supply?

That was always the flaw with the LNG plan, for example (oil is doing the same thing). North America was the first to glut itself with shale gas, but it is certainly not the only place capable of doing so. The whole LNG strategy was based upon economics that were only transiently viable. Never mind oil, which is even worse since the bitumen we produce is absolute trash compared to the fabulous, top shelf light and sweet the newer shale wells are producing.
commented 2016-07-05 20:29:57 -0400
one step closer to socialist utopia
poverty for the masses. karl marx would be proud of her.
well done!
commented 2016-07-05 19:58:34 -0400
Holy shit what about global warming?Don’t they know about the Global warming conference(pigs at the trough) in Paris.Be interesting to see who owns shares in Chevron and Exxon.
Don’t they know it is all over for oil.Yeah I’m laughing too.
commented 2016-07-05 19:57:34 -0400
Two traitors standing in front of our two flags, while important investment is frittered away. The trans gender muslim and the communist hair flipper. You’re in good hands with Allstate !! And Obumble was just plugging Hillary all the while spewing climate lies and misrepresentations. This after showering praise on Nothead at the 3 Amigo extravaganza last week, siting her supposed saving of the planet. Meanwhile investment money that should be coming here is drying up. What people do not realize is that once the destroyers are done with us it will take YEARS to recover and of course the recovery will require fossil fuels. And believe me there will be a huge resurgence in the fossil fuel industry, we’ll just be years behind and playing catch up. By that time Putin should have a good grip on the world energy situation. After it is all said and done, the climate will continue to change on its own volition, and historians will wonder why the f*ck the people fell for the lies of the like of Gore, Suzuki, Obama, Notley, Trudeau and all the rest.

DJBT and the rest
commented 2016-07-05 19:55:26 -0400
Keith Barnes—-This seems to say that Governments like Sweden, Germany , China and Canada can no longer make their Media like the CBC Censor Canadians.
commented 2016-07-05 19:41:06 -0400
I am sure Ms Notley is proud of herself. Wonder what it feels like to Screw Up your own back yard.
commented 2016-07-05 19:29:52 -0400

The United Nations Human Rights Council passed a resolution on Friday that “condemns unequivocally measures to intentionally prevent or disrupt access to or dissemination of information online.” Based on the UN’s Universal Declaration of Human Rights, this resolution calls upon all governments of the world to adhere to fifteen points to ensure that human rights are respected on the internet.

The resolution “affirms that the same rights that people have offline must also be protected online, in particular freedom of expression, which is applicable regardless of frontiers and through any media of one’s choice.” The resolution later calls on governments to “promote digital literacy and to facilitate access to information on the Internet,” as it can be “an important tool in facilitating the promotion of the right to education.” Related to this, the UN calls all states to “bridge the gender digital divide and enhance the use of enabling technology, in particular information and communications technology, to promote the empowerment of all women and girls.”

The resolution was opposed by a group of countries including Russia, China, Saudi Arabia, Indonesia, India and South Africa. The point of contention for these countries was the line condemning any intentional disruption to internet access or infringement on the ability to share information online, which they asked to be deleted. This line is crucial, of course—deleting it would be like enshrining freedom of the press but allowing governments to destroy all printing presses.

This resolution stands in direct opposition to recent government actions to intentionally prevent access to the internet. Just last month in the nation of Bahrain, the government shut down mobile internet access in the vicinity of planned anti-government demonstrations. In Turkey, following the recent terrorist attack at the Ataturk Airport, the government throttled social media access, preventing the easy spread of information in a turbulent time. The resolution also calls upon governments to protect individual privacy online, potentially in contention with the United States’ mass surveillance and collection of personal data online.

The UN’s resolution is not binding, but is meant as a guideline to nations to properly protect individuals’ freedom to internet access and expression online. It also serves to put pressure on countries that actively suppress internet access and freedom of speech, and gives credence to activist groups such as Access Now. You can read the full resolution and all its points here.
commented 2016-07-05 19:29:13 -0400
Why spend money in a country that can produce oil but not sell it?
commented 2016-07-05 19:28:34 -0400
EZRA , never give up pointing this out

I still can’t believe sometimes that the 3 most strategic governments in Canada are run by regressive leftards
commented 2016-07-05 19:20:37 -0400
A sitcom would be off-air in no time for making THIS a storyline…I admit I didn’t see it coming…but I’m not privy to the day-to-day conversations in higher government.
commented 2016-07-05 19:18:03 -0400
…and they won’t consider coming back to Canada until these socialists are out of power.
Until the wicked witch of the west has a bucket of water thrown on her, shrivels up and melts away, Alberta is dead to the rest of the world.
commented 2016-07-05 19:16:34 -0400
Nope, I don’t question why enviro-hypocrites like Notley, invisible Alberta energy minister, Baby Doc, Butts, Suzuki, et al don’t complain about Kazakstan, Indonesia, or Egypt development at all by companies that were investing in Alberta. Like them, I have invested in those companies to make the dollar. Unlike them, I wish those companies were still in Alberta to make my dollar.