June 21, 2017

Giant oil company Total SA leaves Alberta — for Iran

Ezra LevantRebel Commander

Total SA, the massive oil company, have announced they are going to invest billions in Iran, even though it is one of the most odious regimes in the world.

This should teach us two lessons here in Canada.

First: There is a lot of money to be made in Iranian oil and gas. And Iran doesn’t care about the environment, human rights, or “social license.”

“Social license” is just a codeword for paying off leftist agitators. In the name of social licence, Alberta premier Rachel Notley attacked her own province, her own oil industry, in the claim that would appease anti-oil activists. But it hasn’t.

Lesson two: Putting aside politics, Iran is literally a better place to do business in 2017 than Alberta. Think about that for a moment.

Sure, Total SA has some businesses in Canada still. But they just put their oilsands expansion plans on hold.

Those $11 billion in construction jobs, and the decades of actual production jobs, are never coming back.

World oil prices hurt Alberta’s oil industry.

But Rachel Notley killed it.

GUESTS: Broadcaster Jerry Agar, who talks more about the issues he spoke about at TheRebelLive.com; plus China expert Charles Burton.

Comments
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commented 2017-06-22 14:22:21 -0400
BC, this is your future. Thanks Gavin for your perspective.
commented 2017-06-22 13:14:53 -0400
The reasons that Total SA is reducing its presence in Alberta and increasing it in the Middle East is more complicated than this article suggests. Below are some of the factors this article ignores:

(Note: I am 110% anti-Notley and 120% anti-Trudeau)

1. Total SA itself was formed in the post WWI period from purchases and theft of several Middle East oil companies (Turkish, Algerian, Iraqi). The company’s roots have always been in the Middle East.

2. Total SA does NOT understand Oil Sands, and has no expertise in this area. Suncor/CNRL are in the process of buying out and otherwise forcing out the competition, positioning itself for a future rebound in oil prices and more reasonable Provincial and Federal governments down the road.

3. Total SA is a publicly traded company and is responsible to its shareholders to make a profit. That cannot be done in Alberta at the moment. This is where this article is correct. The business climate here is bad, and will be for the foreseeable future.

4. Also, Total SA is a French company, and the Paris Agreement is from France. We in Canada who know that the delusional alarmist war against CO2 is a fraud should be happy that a company who directors helped spawn this war are leaving Canada!
commented 2017-06-22 10:19:11 -0400
Thanks France’s Total SA Oil for giving the Mohammedans more money to terrorize the world with. That’s what I would call really ‘ethical oil’!
commented 2017-06-22 10:15:44 -0400
Politicians should be accountable for actively killing jobs and an economy for personal morals or special interest groups. How can this be allowed to happen legally. Are you not elected to act in the interest of the MAJORITY! A small percentage of activists should not speak for a whole province or country. Legal action should be taken before these idiots virtue signal us into bankruptcy!
commented 2017-06-22 10:14:18 -0400
Tommy is one impressive bloke. It’s so good to hear somebody fearlessly speaking the truth about Islam.
What the left has to accept is that what Tommy says is not an opinion, but indisputable fact.
commented 2017-06-22 10:10:18 -0400
Which way aren’t we screwed? Things just keep getting worse and worse. Our current bunch of politicians will be remembered for one of the quickest take downs of a any prosperous country ever.
Locking them up would be too good for them.
commented 2017-06-22 08:30:31 -0400
Carrie, when it comes to Alberta, I as well can say I remember more prosperous times.

- – - – - – - – - – - – - – - – - – - -

Even in the worst of the economic down swings typical to Alberta it was never this bad because in those times the Alberta government was business friendly, so the businesses patiently rode out the low times. They did not leave as they are now. Projects went on hold but were not pulled out as they are now.

When Ralph Klein was Premier of Alberta there was a slow time, even lower price of oil than during Notley’s reign of terror and destruction.

Ralph pulled Alberta through it and took Alberta into the black and left two surpluses, the Alberta Heritage Trust Fund and the Alberta Sustainability Fund totaling about 13 billion at the time Ralph was pushed out of office by his own party. Convenient the traitors in the party waited until Ralph balanced the books and got rid of the deficit and debt before voting him out as party leader and Premier.

If Ralph could do that when the price of oil was lower then Notley could have at least kept the debt from increasing, if she was in the least bit competent.
commented 2017-06-22 05:49:43 -0400
i remember when Alberta was prosperous & booming….i guess i can be one that looks back & say, i remember when, but i will be remembering Alberta from somewhere else.
commented 2017-06-22 03:39:51 -0400
To all the people who lost their jobs in the oil sands: THEY ARE NEVER COMING BACK. Now, please get appropriately and justifiably, pissed. Now, which one of you knows how to bake a cake? Billy Howard nailed it. Our family is already 1/2 the F out of here.
commented 2017-06-22 00:03:46 -0400
Well, being the bigoted lunatic I am, I’d say Nutley has about 48 hrs to exit the province of Alberta – or her ass will be absolute grass!
As for TruDope and his insane ideas, his ass is already grass – that KID needs a hard lesson in respect – to the Canadian people he thinks he OWNS. Well, TruDope you do NOT own me – come & make that an official deal!

As for China – that is where TruDope needs to be EXPORTED to – seeing it’s his ideal place to be!
commented 2017-06-21 22:10:12 -0400
So of all the other places the oil company can go to, they choose Iran?
commented 2017-06-21 22:05:15 -0400
Total SA knows surely more than us, they would not invest 1 Billion in Iran if the US was about to go to war with them. No, no. we are going to war with Russia, it seems. After killing Venezuelan oil, Canadian oil, Russia is next. The islamic UN/OPEC is corrupting every politician to fulfill their agenda. Follow the money. TruDope, Wynne, Notley, must be all bought by them.
commented 2017-06-21 21:58:21 -0400
What will be the benefit of Canadians to sell to China when for any reason, they put you in prison, they seize your business, or you can’t withdraw your money from the country. There is nothing nothing that this TruDope is doing right or for the benefit of Canadians. And we will give those billionaires money to monitor their climate change? Incredible.
commented 2017-06-21 21:31:07 -0400
I think the last straw for oil companies in Alberta was Scheer’s election as leader of CPC which all but guarantees a Trudeau re-election. But even if Scheer does beat Trudeau, he’s sworn his allegiance to the Paris Agreement and will therefore NOT stop the fight against oil/gas production in Canada.
My wife and I are very fortunate to have some assets and family overseas so we won’t have to live through Canazuela. But I will feel sorry for those Canadians, like the Venezuelans, who don’t have a means to escape “socialist utopia”.
commented 2017-06-21 21:29:02 -0400
Other than the people here, no one is willing to fight.
Liberals from the top down, not the heart out, are just willing to lay down and die.
We got a good thing.
We just all gotta get on the same network
commented 2017-06-21 21:24:37 -0400
Time for President Trump to start bending PM trudeau’s ear, better still, bend his scrawny neck.
commented 2017-06-21 21:23:08 -0400
Trudeau and Notley, the socialists who made it possible for Iran to be a better place to do business in 2017 than Alberta! They have destroyed the oil and gas industry in the province of Alberta, and continue to lie about their role in all of this.

Trudeau has no idea what he is truly dealing with when he imagines a “closer relationship” with China. He will continue to make concessions and inappropriately sell technology that will put Canada’s national security at risk, as well as our allies. His admiration of the “basic dictatorship” has him mooning and swooning, ready to sign away whatever China asks him to.
John McCallum was a horrible Immigration Minister, having him in China is a disaster…oh the damage he can create!

Great interviews with Professor Burton and Jerry Agar.
commented 2017-06-21 21:02:15 -0400
So Baby Doc’s citizenship policy is going to become:

“A citizen is a citizen is a citizen except if my Chinese sugar daddies want to extidict a citizen for political crimes.”
commented 2017-06-21 20:54:56 -0400
- Alberta has become a more hostile place for foreign investments than Iran. The concept of “social license” is a pathetic joke. The NDP & Liberal’s are bought & paid for stooges. They’re owned by OPEC. They’re owned by groups like Tides. This, folks, is globalism in action. The “special” people half a world away will manipulate the markets & pay off corrupt politicians & professional protesters for their own benefit.

- China is actually in a pretty bad position. A lot of their economic miracle has been based on a lie. Their GDP was boosted for years by a massive infrastructure program that resulted in at least 50 “ghost cities” – empty cities. https://www.youtube.com/watch?v=GrpAZ5qHSlU Trudeau has become a master at making deals that give Canada nothing in exchange for whatever any petty dictatorship wants. As far as China’s concern about the environment? It has none. https://www.youtube.com/watch?v=OwOBRH56Ic0

- I wanted to go to the live event but was out of the country :( booked it months ago. When the opposition leader in Ontario is Patrick Brown the province is at least a decade away from recovery.
commented 2017-06-21 20:53:03 -0400
The bleeding of industry in Alberta will continue. It is the result of 2 Globalist leftist governments who for all intent and purpose are unCanadian and anti-Alberta. Trudeau is a sheltered elite insulated from economic down turn and energy poverty who’s brain trust (Butts) believe we no longer need petro energy because Mr. Spock will show up any day now with lots of magic di-litium crystals to power the world – two star wars nerds who should never be allowed out f their fantasy world, let alone run an energy-dependent nation.

Closer to home Alberta has an anti-Alberta government which represents foreign NGOs and private interests who want to take Alberta oil and gas off line so thy can’t compete with the foreign oil these interests are invested in.

In short- this is what you get when unqualified reality-escapists are in positions way over their IQ and competence levels.
commented 2017-06-21 20:43:48 -0400
Mike, I won’t bet against that. It is almost certain one or more of those has a vested interest in Canadian environmental activism.
commented 2017-06-21 20:31:36 -0400
Anyone want to bet that the one or more of Iranians, Saudis, Russians and Chinese have money invested into “environmental activism” in Canada, because they benefit from it quite nicely (increased dependence for a start)?
commented 2017-06-21 20:19:53 -0400
For the left, the goal has always been to drive foreign and private investment out.
commented 2017-06-21 20:14:15 -0400
To all the self centered, entitled, low info millennials who voted ndp. I hope your happy that you’ve ruined the lives and opportunities for so many of your hard working , honourable countrymen. But then, what do you care?
commented 2017-06-21 20:11:56 -0400
I bet Notley the criminal and her band of fools are celebrating this.
From The Ground Up