Alberta is fucked

[geezerbuter]

Canada accounts for 60% of imported US oil. Venezuela has 18% of the world's oil. even a moron like Trump can see the leverage he has now over Canada. Soon tariffs will be implemented on Canadian oil to wither developers Venezuela or.more likely cause Canada to cave in and let America companies control our oil fields. This is not good by any stretch of.the imagination. I dont think Americam companies will want to go to Venezuela in fears they get screwed over again and there are a lot of angry people who will sabotage the refineries and murder American workers but that isn't the point. This is just as much about Canada as it is Venezuela

 

[Butler1000]

You are assuming that oil production can happen. Right now the Venezuela oil production is down to about 1 million barrels from its firmer peak capacity of 3.5 million. This is due to aging and broken infrastructure and lack of qualified people.

None if that has changed. The only oil company presethere is Chevron and only because it's owed billions from a stake it pu in decades ago. And is trying to just break even.

The rest of the oil companies are actually saying no to going in. It will take billions and a decade just to repair and upgrade facilities, with no profit in the meantime due to low oil prices and high costs. As well the clear danger to their people. And more importantly no guarantees that what they put in won't be lost again in an unstable political climate.

Trump is once again just blowing smoke. He has accomplished pretty much nothing.

 

[Frankfooter]

PeePee and Smith are dying to hand over Alberta to trump and become the new Puerto Rico.

 

[geezerbuter]

You are assuming that oil production can happen. Right now the Venezuela oil production is down to about 1 million barrels from its firmer peak capacity of 3.5 million. This is due to aging and broken infrastructure and lack of qualified people.

None if that has changed. The only oil company presethere is Chevron and only because it's owed billions from a stake it pu in decades ago. And is trying to just break even.

The rest of the oil companies are actually saying no to going in. It will take billions and a decade just to repair and upgrade facilities, with no profit in the meantime due to low oil prices and high costs. As well the clear danger to their people. And more importantly no guarantees that what they put in won't be lost again in an unstable political climate.

Trump is once again just blowing smoke. He has accomplished pretty much nothing.

you completely missed my point. It doesnt matter if it can or will happen. What is does do it gives Trump an excuse to put heavy tariffs on Canadian crude and give the illusion that its Canadas fault for not bending over and letting the American companies have a free for all in our oil fields. None of his tariffs increased domestic manufacturing. You cant just set up steel and aluminum mills with the snap of a finger. It would take decades to set up oil refineries in Venezeula. What it does do it allows him an excuse to exert massive leverage on the Alberta economy and make them play ball or pay the price

 

[Butler1000]

you completely missed my point. It doesnt matter if it can or will happen. What is does do it gives Trump an excuse to put heavy tariffs on Canadian crude and give the illusion that its Canadas fault for not bending over and letting the American companies have a free for all in our oil fields. None of his tariffs increased domestic manufacturing. You cant just set up steel and aluminum mills with the snap of a finger. It would take decades to set up oil refineries in Venezeula. What it does do it allows him an excuse to exert massive leverage on the Alberta economy and make them play ball or pay the price

Except the oil companies aren't playing ball. And he needs the oil. It's that simple. He can bluster. But he can't win this one. They have no choice. They have no other options in reality.

 

[geezerbuter]

Except the oil companies aren't playing ball. And he needs the oil. It's that simple. He can bluster. But he can't win this one. They have no choice. They have no other options in reality.

How do you know? The Trump goverment rules sectors of the economy with an iron fist. Venezuela is currently producing half as much oil as Canada which is nothing to sneeze at. If Trump imposed a 25% tariff on Canadian crude and allocated the funds to subsidize Venezuelan oil production what do you think will happen ?

 

[From0300]

Is Canadian oil even economically feasible to produce? I thought it was all extracted via fracking, which drives up costs considerably.

So it's not viable until the cost of oil rises...

 

[Butler1000]

How do you know? The Trump goverment rules sectors of the economy with an iron fist. Venezuela is currently producing half as much oil as Canada which is nothing to sneeze at. If Trump imposed a 25% tariff on Canadian crude and allocated the funds to subsidize Venezuelan oil production what do you think will happen ?

Um no. Just checked. We produce 5.1 million barrels per day. Venezuela is at about 1 million. Then there is the infrastructure. They produce similar oil that is for petrochemicals and diesel. But the MANUFACTURING plants have all been built in the mid west, close to Alberta. So between getting that production up(in some cases its 50 year old tech so total replacement is required, personal training etc), then building the infrastructure to transport it to the plants, or move and rebuild the plants, add in various regulations to get it started, and finally oil at 57 a barrel, which makes it not profitable to do so, its just not going to happen.

In some cases oil production and futures are purchased up to 25 YEARS out. That is the kind of stability needed for the oil game. The chaos of Trump means the oil companies will say fuck you. And if Trump tries to push them around, that will be the worst fight he could imagine.

As for you thinking 25% tariff. That puts the petro manufacturing Industry at total risk. In red states. Think about it.

POLITICO Pro | Article | Trump admin asking US oil industry to return to Venezuela — but no takers https://share.google/CznAYsdVSrhGpKVhs

Read the above, or Google a source you like. Trump does not have oil company support.

 

[Butler1000]

Is Canadian oil even economically feasible to produce? I thought it was all extracted via fracking, which drives up costs considerably.

So it's not viable until the cost of oil rises...

Yes, it is. 100 billion USD a year. We produce the type used not for gas, but for products and diesel. Believe it or not diesel is in short supply right now. They have no choice.

 

[geezerbuter]

Um no. Just checked. We produce 5.1 million barrels per day. Venezuela is at about 1 million. Then there is the infrastructure. They produce similar oil that is for petrochemicals and diesel. But the MANUFACTURING plants have all been built in the mid west, close to Alberta. So between getting that production up(in some cases its 50 year old tech so total replacement is required, personal training etc), then building the infrastructure to transport it to the plants, or move and rebuild the plants, add in various regulations to get it started, and finally oil at 57 a barrel, which makes it not profitable to do so, its just not going to happen.

In some cases oil production and futures are purchased up to 25 YEARS out. That is the kind of stability needed for the oil game. The chaos of Trump means the oil companies will say fuck you. And if Trump tries to push them around, that will be the worst fight he could imagine.

As for you thinking 25% tariff. That puts the petro manufacturing Industry at total risk. In red states. Think about it.

POLITICO Pro | Article | Trump admin asking US oil industry to return to Venezuela — but no takers https://share.google/CznAYsdVSrhGpKVhs

Read the above, or Google a source you like. Trump does not have oil company support.

worldometers.info/oil/oil-production-by-country/

Trump can force support with Tariffs. Get with the program.worldometers.info/oil/oil-production-by-country/

 

[jeff2]

Is Canadian oil even economically feasible to produce? I thought it was all extracted via fracking, which drives up costs considerably.

So it's not viable until the cost of oil rises...

I believe the big advantage with the tar sands is no exploration costs. They know they have the oil but of course it needs to be extracted.
The frackers in the U.S. have to worry about the decline rates.

https://www.reuters.com/business/energy/how-canadas-oil-sands-transformed-into-one-north-americas-lowest-cost-plays-2025-07-16/

 

[Butler1000]

worldometers.info/oil/oil-production-by-country/

Trump can force support with Tariffs. Get with the program.worldometers.info/oil/oil-production-by-country/

As I've stated. Oil companies rely on stability. What happens if.....

SCOTUS rules against Trump Tariffs? Trump dies in office? In 3 years with a new Democratic President? Impeachment? Trump changes his mind?

The oil companies wouldn't have even started to rebuild.

 

[Butler1000]

worldometers.info/oil/oil-production-by-country/

Trump can force support with Tariffs. Get with the program.worldometers.info/oil/oil-production-by-country/

And btw,. Peak Venezuela production was at 3.5 million barrels. They may hit 4. That doesn't cover things.

The Venezuela oil is actually harder to get out.

 

[Frankfooter]

How do you know? The Trump goverment rules sectors of the economy with an iron fist. Venezuela is currently producing half as much oil as Canada which is nothing to sneeze at. If Trump imposed a 25% tariff on Canadian crude and allocated the funds to subsidize Venezuelan oil production what do you think will happen ?

Not that much, a lot of Venezuela oil was already american produced with Chevron working there.
They were left alone.

Now Rubio says the VP will continue to run the government, and the Venezuela courts have appointed her but she says they won't be a colony.
Total mess.

https://twitter.com/i/web/status/2007619615195873738

 

[geezerbuter]

As I've stated. Oil companies rely on stability. What happens if.....

SCOTUS rules against Trump Tariffs? Trump dies in office? In 3 years with a new Democratic President? Impeachment? Trump changes his mind?

The oil companies wouldn't have even started to rebuild.

right now there is less stability in the US than perhaps any other time since the civil war. One 3 AM tweet followed by an executive order changes everything worldwide

 

[Frankfooter]

right now there is less stability in the US than perhaps any other time since the civil war. One 3 AM tweet followed by an executive order changes everything worldwide

america is run by senile pedo who had the intellect of a toddler at the best of time.

https://twitter.com/i/web/status/2007898749776105539

 

[Telebass]

Canada accounts for 60% of imported US oil. Venezuela has 18% of the world's oil. even a moron like Trump can see the leverage he has now over Canada. Soon tariffs will be implemented on Canadian oil to wither developers Venezuela or.more likely cause Canada to cave in and let America companies control our oil fields. This is not good by any stretch of.the imagination. I dont think Americam companies will want to go to Venezuela in fears they get screwed over again and there are a lot of angry people who will sabotage the refineries and murder American workers but that isn't the point. This is just as much about Canada as it is Venezuela

Whatcha talkin’ about? PP couldn’t wait to kiss Trump’s ass for this. It must be all good for Alberta.

 

[geezerbuter]

Whatcha talkin’ about? PP couldn’t wait to kiss Trump’s ass for this. It must be all good for Alberta.

Maybe the next helicopter is scheduling Carney

 

[Butler1000]

Maybe the next helicopter is scheduling Carney

Thought another point was in order. The same oil companies that were kicked out of Venezuela are the ones who came up to Canada, and sunk 1/2 Trillion in investment in our oil patch to develop it.

Why would they want to go back when its realistically only competition for their own product? If anything they would want to SUPPRESS Venezuela oil to keep the price up.


Just saying..

 

[Intrinsic]