October 30, 2015

Husky Energy latest company getting out of Alberta after NDP's "attack budget"

Rebel Staff

So three days after the Alberta NDP released its attack budget, Husky Energy announced it’s going to sell many of its Western Canadian oil and gas businesses — to get out of what it can.

And it announced that it’s already laid off 1,400 workers.

That’s incredible. In the last 72 hours, Shell, Cenovus, MEG, Devon and now Husky have announced nearly 5,000 people laid off. 5,000 families without work. It’s shocking, it’s depressing, and it’s just the beginning.

Now, there will be people who say that this isn’t the NDP’s fault. It’s the fault of low oil prices.

And it’s true, oil prices are low. But they’ve been at fifty bucks, or less, for 12 months now.

The companies I’ve just listed were saying all systems go on their Alberta projects as recently as July.

What changed this week was that the NDP actually went through with their threats, in the form of their budget. And so the industry has gone on strike — it’s called a capital strike.

Look at what Husky did. They only dumped their Alberta businesses. They didn’t dump their Asian businesses.

In fact, in the very same press release they specifically list the places they’re very eager to invest more — places like Indonesia, and the South China Sea.

Don’t tell me it’s low oil prices. It’s Rachel Notley’s war on the oil patch. Husky Energy will go to places where companies are better treated — including off the coast of Communist China.


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commented 2015-11-06 16:30:43 -0500
Warren. One bad decision leads to another, as the saying goes. Most Socialist countries, when facing a problem, usually just go in deeper, rather than reversing course. So you’re likely right.
commented 2015-11-02 11:25:02 -0500
Alberta deserves what is coming its way. People are foolish and lazy to not engage in the political process. Failure to understand the choices made implies lack of intelligence or lack of effort. Choices have consequences which the un-intelligent and lazy rarely recognize nor enjoy. Wait and see is never an option when dealing with your childrens future. I hope the populace learns, however history has taught us they won’t. History also teaches us the only viable option in divided populations. Civil War. I for one am looking forward to it. Our children deserve a better future, not a stagnant/regressive one.
commented 2015-11-01 18:09:20 -0500
Jimmy please tell us who will pay when the transfers cannot be sent? Premier Wall will not support the whole damn country. Of course you may like state brand toilet paper and such but i do not
commented 2015-11-01 18:08:27 -0500
Andrew we a re not lazy pigs here just because you are, i could outwork anyday.
commented 2015-11-01 18:07:50 -0500
Jimmy it is not dirty oil you halfwit, now get rid of your toxic electronics and wind turbine magnets and solar panels you hypocrite.
commented 2015-11-01 18:06:36 -0500
Andrew if you are right then why is this not happening on such a scale in Saskatchewan????
commented 2015-11-01 12:05:14 -0500

Vegas baby!
commented 2015-11-01 07:38:18 -0500
PETER NETTERVILLE, “Too bad you don’t have any…morals that is”, but, Peter, he does. They are called ’Jimmy’s morals’ , he makes them up because Jimmy is his own god. Laughable to hear Jimmy talk about exploitation while promoting the gambling industry!
commented 2015-11-01 01:04:15 -0500
Pogie must be good for close to year in Alberta. All is good.
commented 2015-11-01 01:15:07 -0400
Yup, Albertans voted in NDP. How are you enjoying it? Good decisions. Everyone is so anxious to get rid of the conservatives. Nice. Canadians are getting dumber,not smarter.
commented 2015-10-31 20:41:40 -0400

You think there is no exploiting going on in the oil industry?
commented 2015-10-31 19:42:03 -0400
Jimmy asked, “Why not turn boring as fuck Alberta into an exciting place that will make your oil industry look like a joke by comparison financially?”

ummmm… because we have morals and would rather work for our money rather than exploit people to get it. Too bad you don’t have any … morals, that is.
commented 2015-10-31 18:51:56 -0400
Why not send “boring as fuck” Jimmy Da Silva to entertain ISIL, so they will stop raping and Murdering Christians … and hating on Alberta?
commented 2015-10-31 18:32:50 -0400

What’s wrong with suggesting a whole new industry for Alberta? Canada SHOULD have it’s own Las Vegas. Why not turn boring as fuck Alberta into an exciting place that will make your oil industry look like a joke by comparison financially?
commented 2015-10-31 15:32:48 -0400
It’s not about the environment, it’s about destroying capitalism. Why do you think that they want to disarm the masses?
commented 2015-10-31 12:14:35 -0400
Lots of folks making excuses for the companies shutting down and leaving – but the dramatic increase and then the warning from all the financial lenders about how Alberta credit rating is now the shits – tells me it is going to get real bad there.

Still, it is worse in Ontario – so it is a race to the bottom and the apologists will argue all the way down as taxes go up to rape the few that are left working.

You can only spend other peoples money until it runs out.

Libs and dippers are good at that.

Tough times ahead at this rate.
commented 2015-10-31 12:10:50 -0400
Jimmy once more showing how deranged and classless he is.
commented 2015-10-31 11:41:53 -0400
From Notley’s wikipedia page, a story about her as a young adult:

“While at an Alberta NDP public meeting in Grand Prairie discussing poverty and student debt, she publicly challenged her own father, asking for his advice as a poor student whose parents made too much money for her to get a loan while at the same time being too cheap to give her enough money to buy food. Her infuriated father waited until the meeting was over to give her a lone twenty dollar bill to tide her over until the end of the month.”

Biting the hand that feeds and begging for money since 1984. She would’ve done well to heed her fathers lesson. Dependence breeds dependence and the cycle continues today.
commented 2015-10-31 10:15:54 -0400
So once again Albertans are faced with a choice. The same choice our parents and grandparents faced. Stay in confederation or separate? The notion of Alberta separation is hardly a new idea and it is most certainly not the easy path, but, to quote my late Dad, “it is time to shit or get off the pot”. Albertans either accept that it is time to take matters into our own hands, to which there is no guarantee of success, or, accept that Albertan interests are secondary to liberal Ottawa interests and just ‘go along to get along’
commented 2015-10-31 10:13:23 -0400
JImmy said, "How about we just turn Alberta into Canada’s Las Vegas – casino/hotels, legalized prostitution, all that land for the mafia to bury dead bodies. "

Na. But thanks for the suggestion! Don’t let the door hit your ass on the way out. Bye!
commented 2015-10-31 08:55:56 -0400
Where is our idiot energy minister, no comment no nothing, Notley expressed concern wow ill bet all the people out of jobs are relieved SHE EXPRESSED CONCERN, Looks like the east will have to pay there own way now, all the promises made by JT we cannot fund them, they are on there own now first time in decades. Notley has to be the most incompetent idiot premier ever, history will not be kind to the NDP. Todays youth will have to pay for her and JT and the big spending spree they are going on, To many just dont seem to get it. STOP PUTTING MY KIDS AND GRANDCHILDREN IN DEBT.
commented 2015-10-31 08:04:44 -0400
Last time it was 15 years, 1980-1995, until the economy came back. It will be the same now, namely, 15 years of economic devastation in AB. That is how long it takes especially to restore confidence that this is a good place to invest with a competent government. Notley will end up, in the history books, as the worst Premier in recorded history.
commented 2015-10-31 07:34:41 -0400
are these just warning shots accross the baby trudeau’s and mcwynty’s bows?
commented 2015-10-31 06:46:31 -0400
With Alberta revenue in the tank, transfer payments to Quebec are about to get a whole lot less.

And this also means that Canada’s tax revenue goes into the toilet.

So expect lots of squawking from Quebec, lots of new debt for Canada and higher taxes, including a higher HST.

You voted for this man-child Justin (and you voted for a fringe element in Alberta) and so you get what you choose – here comes the pain train.

Your kids don’t get new shoes. Instead, your pay check goes to government debt payment instead. Nice job liberal voters!!!

But you get your legal pot – they call it dope for a reason.
commented 2015-10-31 03:52:43 -0400
How about we just turn Alberta into Canada’s Las Vegas – casino/hotels, legalized prostitution, all that land for the mafia to bury dead bodies. This can be the new industry for Alberta and you will make so much more money for the economy over slinging dirty oil.
commented 2015-10-31 02:55:26 -0400
It appears that sooner than later Miss Notley will find that she cannot run an economy on ideology.
commented 2015-10-31 01:27:25 -0400
Andrew said “Dean Lester, you’re right. Those oilpatch workers are indeed overpaid layabouts, just like the government workers you feel they’re most comparable to.”

Andrew I never said oilpatch workers are overpaid layabouts and I never compared them to government workers. See non union private sector employees have to actually be productive and produce results or they lose their job. They are rewarded by their hard work and initiative as companies appreciate that kind of effort. Companies are in competition with other businesses so they have to keep cost low and productivity high in order to make a profit.

Unionized public employees have no competition, there is zero incentive to work hard or do more because it won’t make you any more money and promotions are based on seniority, so why bother? All one needs to do is show up and do the bare minimum, put your time in and you’re golden except soon the reality that running a bloated over priced provincial government won’t be sustainable and it will fall apart like a house of cards. Anyone with a brain and a basic understanding of economics know the NDP government is driving towards a financial cliff and instead of hitting the breaks they are stepping on the gas.
commented 2015-10-31 01:21:57 -0400
I see all these ‘Dirty Oil Freaks’ and ‘Global Warming Freaks’ ranting on, same old BS. To all these weirdo’s, is there one of you who can come up with a viable alternative for oil?
Is it just the in thing to be anti oil, or are you all just retards. Buy off shore oil and make other countries rich. The dogma of the Left, who would drag us all down to their grubby level.
commented 2015-10-31 00:57:27 -0400
Albertans, don’t take Notley’s sabotage of your jobs and livelihoods lying down. Rise up and stop her! NOTLEY OUT!
commented 2015-10-31 00:55:55 -0400
What’s the dirtiest word in the English language to Notley? Oil? no. JOBS. She’s the first anti-job premier in Canada.