October 10, 2017

Anti-oil provinces that prefer transfer payments to jobs soon won't have either

Ezra LevantRebel Commander

Newfoundland had a blue ribbon inquiry into fracking in 2014. Released their report in 2016. It’s almost 2018, by the way.

But here's the big new announcement:

A panel is going to write a report about the last panel that wrote a report.

Fracking is creating a lot of jobs — for panels that write reports.

Newfoundland’s unemployment rate ticked up last month from 14.7 per cent to 15.1 per cent. Nova Scotia and New Brunswick stayed flat, but that was before the $15.7 billion Energy East pipeline project was killed.

So what will the unemployment rate be in a month or so, when the skeleton crews preparing for that $15.7 billion deal shut down? Terminate office leases, hand out severance cheques, tell local contractors things won’t move forward?

And fracking doesn’t need another study:

It was invented in the 1940s. About 90 per cent of all natural gas in Canada is fracked. About 90 per cent of the oil in North America, other than the oilsands, is fracked.

Newfoundland, the rest of the Atlantic provinces, Quebec: They all have fracking bans.

And they all love their equalization payments, too — from oil-producing provinces.

But how long do you think the Atlantic will survive, when those transfer payments are cut in half as the left finishes destroying Canada's oil and gas industry?

NEXT: Claudia Rosett, Foreign Policy Fellow with the Independent Women's Forum, joins me to talk about Trump's "calm before the storm" remark about North Korea.

THEN: Our own David Menzies comes on to talk about what happened when he drove our crowdfunded "Arab Idol" billboard to a concert in London, Ontario.

(He was confronted with Holocaust deniers, for one thing...)

PS: David's NEW SHOW debuts this Friday at 9pm ET! Sign up HERE so you never miss an episode.

FINALLY: Your messages to me, and I look back on a close encounter I once had with Peter Mansbridge.

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commented 2017-10-13 10:50:46 -0400

Alberta’s woes started when oil prices collapsed in 2014. The NDP was voted in partly because of the PC’s poor management at the time, and about 40% of the job losses predated the NDP.

In constant dollars, our GDP is 21% higher today than in 2011. This is from Statistics Canada, about as reliable a source as you’re going to find.

The “new reality” doesn’t really affect other countries that don’t have such capital intensive projects, but it has very much driven the economics towards smaller, shorter ROI period projects such as shale. (which is also why Saskatchewan’s own recession was much milder than Alberta’s. More shale, no bitumen). However, other countries have indeed felt the impact of the energy collapse – there was a pullback in the US as well, and the Saudis are hurting.
commented 2017-10-12 13:41:03 -0400
Andrew pipeline cancellations are not economic , they are political.
commented 2017-10-12 13:40:40 -0400
Andrew that is crap, it does not take 30 years for these projects to pay out, and we paid off our debt with low oil prices and Canadas GDP was higher in 2011 , quit watching the CBC for real numbers. And high government spending is bringing that number up, which means debt and lower numbers in the future. Why is this NEW REALITY you speak of not affecting other countries genius? Alberta was doing fine until the NDP came along.
commented 2017-10-12 07:29:37 -0400
“Drew Wakariuk commented 5 hours ago
Andrew funny that oil prices have been lower and this crap never happened, in fact quite the opposite. And Canada is not doing better, that is complete stupidity. "

Yes, it has happened before. More than once. Newfoundland, for example, was a basket case until oil prices surged. When they collapsed, it became a basket case again. Alberta was merely a victim of its own changing expectations. No effort whatsoever was made to diversify so half a million people moved there with no way to sustain them beyond energy … and when that went down, so did those migrants.

In addition, the capitalization structure has changed in recent years, reflecting the prospects of peaking and declining demand. A decade ago, extended amortization of expensive projects was still acceptable. Now, they recognize the market may not exist for 30+ years and can’t pay it back.

Canada’s economy is doing extremely well. 4-5% GDP growth is something we haven’t seen since circa 2000. Energy is hurting (though no longer actively collapsing) but other sectors of the economy are more than taking up the slack. That’s the danger of the oil=Canada perspective. Perhaps that’s where the Rebel’s sponsorship dollars come from, and much of the disgruntlement among the “angry at the world” readership, but it’s a seriously flawed view of the country’s economy. The combined value of the cencelled pipelines amount to well under 1% of our total economy when considered over their investment periods.
commented 2017-10-12 02:00:40 -0400
Andrew funny that oil prices have been lower and this crap never happened, in fact quite the opposite. And Canada is not doing better, that is complete stupidity.
commented 2017-10-11 21:46:57 -0400
If I was a western premier I would tell Canada – TODAY – that we are keeping the cash for ourselves.

Want it?

Come and get it.

I dare you.
commented 2017-10-11 19:32:26 -0400
“Peter Netterville commented 20 hours ago
You know, maybe ignorance is the better route.

The Rebel brings us the facts and truth of what is happening in Canada, but we are powerless to stop the destruction from the left, so depression and a feeling of impotence sets in.

If I did not know, I would not be so depressed.

If I just watched the CBC, I would think all is perfect with Justine leading the country. It is no wonder that much of the country has no idea how bad it really is because the MSM is lying about what is happening.

Damn I hate the CBC and the rest of the main stream media with every fiber of my being. "

Perhaps the MSM reflects the average Canadian’s experience. “How bad it really is”? Pretty much every economic statistic we have shows that Canada’s doing better than it has in nearly 20 years.

There’s a reason the “mainstream media” is “mainstream”. Most Canadians couldn’t care less about pipelines. 15 billion dollars is a lot, but it’s under 1% of our 2.1 trillion dollar economy.
commented 2017-10-11 19:27:28 -0400
Newfoundland IS an oil producing province. The problem was, that is all they produced. Their unemployment surged when oil prices collapsed.
commented 2017-10-11 13:44:04 -0400
I sure would like to know who or what is altering my comments…after I hit the ‘Post Your Comment’ button!
commented 2017-10-11 13:16:01 -0400
- C’mon Ezra, just spit it out, c’mon, you can say it…there’s more than enough hard evidence to prove it beyond a shadow of doubt!

Justin Trudeau is destroying Canada!
Justin Trudeau is a traitor!

1-Proof beyond a reasonable doubt
2-A balance of probabilities or Proof on a preponderance of the evidence
3-Evidence raising a reasonable doubt…

Next week we’ll work on:
Death to traitors: The return of Capital Punishment to Canada… - I loved the Menzoid’s truck! But more so, the idea behind it…and it’s effectiveness as a paid-for resource(private, citizen driven) to counter the status quo lies and disinformation of the MSM and comrades. - What would scare Jim Jug Ugh or whatever that stumpy-legged, little freak in North Korea’s name is, would be, the POTUS Donald Trump wielding a big pair of electric shears saying something like. “I’ll give ya a hair cut, stumpy!”, in his mild seeming voice, full of gravitas and iron…like he said to the press in your video, “You’ll find out.”

…and if someone’s going to be nuked, I say nuke Obama. - Ezra, you’ve developed the ability to use the Commenter’s letters to make some very pertinent and important points – the Your Letters segment has become more than an epilogue…and should be maintained, and even developed – not the least of which reason being there’s really no other venue for non-lefties to express honest, alternate-to-the-status quo opinions, in Canada today!
commented 2017-10-11 12:27:32 -0400
@Space Moose, Tommy is always being persecuted. Here’s what he had to put up with when he tried to speak at Columbia University in NY with Mike Cernovich. This from The international Socialist Organization: https://nycsocialist.org/event/protest-right-wing-extremist-tommy-robinson-at-columbia-u/

Protest Right-Wing Extremist Tommy Robinson at Columbia U!
Show up for an anti fascist rally outside the auditorium where Tommy Robinson, founder of the far-right Islamophobic hate group English Defense League, is speaking. We will show that alt-right speakers like Tommy Robinson are NOT WELCOME on our campus. As students and community members, we are disappointed in our campus Young Republicans for choosing to aid the trend violent provocation over intellectual discourse. Far-right extremism has relied upon Young Republican chapters at universities for audiences, promotion, and credibility. We condemn CUCRs decision to assist the white nationalist agenda which has consistently promoted violence and aggression toward some of the most vulnerable communities on our campus and in the US.

Given the physical injuries suffered by students at other universities, we additionally demand the University to share more information with the community at large relating to the permissions granted the private security firms accompanying the white nationalist speakers on campus.

commented 2017-10-11 11:32:08 -0400
Space Moose said, I would say that Tommy jumped the shark. I miss the days when he was actually getting persecuted. Now he has been reduced to a bad comedy act."

Wow, you miss the persecution of Tommy Robinson?!! Are you announcing that you are a sadist?
Your post is disturbing!
commented 2017-10-11 11:31:48 -0400
These people that want to return to some sort of pastoral existence as if things were somehow better before we evolved and had mass production and infrastructure. It reminds me of that movie “Into the Wild” about the rich kid who gives up everything to live in the Alaskan wilderness where he quickly dies because he has no clue how to live in the wilderness. Especially the Alaskan wilderness. I’ve never wanted to repeatedly punch a character in the face more.

Most people suddenly living off the grid would starve to death if disease from living in their own filth didn’t kill them first. The average person needs oil and paper and big trucks and pipelines right now. Our salvation as a species from disease and the ravages of our beloved Mother Earth will come from further development and technological advancement, not holding hands and hoping our collective good vibes cure things. That was tried before, and people died at an average age of 35 and there was so much shit/decaying garbage in the street you had to walk around sniffing an orange with cloves pressed into it so you didn’t puke from the stench. The good old days indeed.
commented 2017-10-11 04:03:48 -0400
Let us not forget that at the heart of Junior’s assault on the oil and gas industry is the man made climate change hoax. James Delingpole of Breitbart news reports that two more studies have been published refuting the narrative of climate alarmists. Junior will be undone by the truth and he will go down as the worst PM in Canadian history due to his unwarranted assault on one of Canada’s most important economic sectors.
commented 2017-10-11 03:37:22 -0400
I would say that Tommy jumped the shark. I miss the days when he was actually getting persecuted. Now he has been reduced to a bad comedy act.
commented 2017-10-11 01:50:39 -0400
Common sense will tell you and anybody else who is conscious enough to recognize their own face in the mirror that no matter what any banking organization tells you or anything else that’s connected to globalism when they say our country’s GDP will increase and you must ask yourself how is that possible…?? Megaprojects across the country have been cancelled, coal is being outlawed, Existing taxes are not only being increased but new taxes are being invented and implemented.Mines are being shut down, our domestic gas/oil is being demonized and to be replaced with conflict oil, manufacturing has all been offshored and basically industry in Canada is being downsized to the point where it is so diminished that it is practically nonexistent so how can our economy grow . Better yet how can anybody believe our economy will grow.??
commented 2017-10-11 01:45:22 -0400
Janice Kay—-Thanks for the list of what Trudeau has done wrong. I copied it for future use.
Omar isn’t quite that rich though, as he only got 10 mil. for his murdering ways.
commented 2017-10-11 01:42:10 -0400
Ron… we both know you can’t believe a damn thing that comes out in print or broadcast over the airwaves… Whatever they tell you if you want to know the truth just Conceptualize the exact opposite of what they are saying and you will be well-informed and closer to the truth than anybody else just wants to be optimistic and believe whatever they’re told.
commented 2017-10-11 01:35:08 -0400
Peter Netterville—The World Bank announced today that they predict Canada’s GDP to grow to 3%, while the US will only grow 2.35%.
I don’t know how this is possible as the Trudeau Gov’t is squandering jobs that exist, and spent 30 Billion without creating any new jobs.
On the other side, the US under Trump is opening factories and businesses all over the place.
We have to remember that these predictions are only guess work.