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  • What Exactly Is So Objectionable About Obamacare? [View article]
    I do believe in universal health care. Having said this, I also have to say that I would be looking at some of the better European systems to model from rather than Canada. The Canadian system has a lot of shortcomings with those who benefit from the system financially doing so at the expense of those who have to use the system. When funds get tight, they all protect themselves and the user has to pay with longer waits and less service. There are no mechanism's to ensure the pain is equally shared. (no pun intended)
    Oct 10 08:11 PM | 2 Likes Like |Link to Comment
  • Executives warn Obama against Keystone rejection [View news story]
    One way or another the oil will get to the refineries. Whilr Obama waffles on Keystone, the industry moves forward with other alternatives to deliver the product as per the news in the link below:

    http://bit.ly/1ec45Ht

    For some reason, common sense makes sense to most people but not Obama!
    Oct 10 07:54 PM | 4 Likes Like |Link to Comment
  • Pretium Resources Independent Auditor Strathcona Resigns - Is This Bad News For The Company? [View article]
    You do not resign and throw the earnings to be made providing the service and cause a stink if the difference of opinion amounts to small potatoes. Strathcona must have some serious concerns here and may possibly be looking at protecting their reputation in the business.
    Oct 9 02:24 PM | 2 Likes Like |Link to Comment
  • Pretium Resources Independent Auditor Strathcona Resigns - Is This Bad News For The Company? [View article]
    Where there is smoke, their is a good chance you will find fire! The statement that starts with "It is expected that approximately 4,000 ounces of gold " means nothing as many times expectations are not met. I would sit back and wait on this one as wishfull thinking does not go well with investing. JMO
    Oct 9 02:01 PM | 1 Like Like |Link to Comment
  • Petronas to spend $36B building gas plant, pipeline in Canada [View news story]
    The bottom line is that the world is hungry for energy resources. Be it B.C. gas or oil from the Alberta oil sands it will be snapped up as soon as it gets produced and for every country that may choose to look a gift horse in the mouth there are twenty that will act quickly.
    Oct 7 12:56 PM | 1 Like Like |Link to Comment
  • Canada's first oil sands unit-train to run in November [View news story]
    One more sign that the greens with their blind ideology keep shooting themselves in the foot! Rather than using common sense and working towards environmentally sustainable development so that we can meet our energy needs while the new technologies are developed and become cost effective, these clowns work towards shutting everything down and economic chaos! So here we have the end result! What would have otherwise been a Keystone pipeline heading south and an expansion of the Trans mountain pipeline to the west coast has now become the following:

    - Enbridges pipeline to the west coast.
    - A huge shipment of oil by rail (it used to be next to nothing)
    - Conversion of some of Transcanada's gas lines to oil resulting in a pipeline running to the east coast.
    - The Trans Mountains pipeline expansion to the west coast.
    - And yes eventually completion of the northern leg of the Keystone pipeline.
    - A number of other expansion projects or new lines.

    Additional take away capacity - somewhere between 4 and 5 million barrels of oil per day and their is absolutely more than enough bitumen in the ground in Alberta to produce this additional oil. Basically all the greens have managed to do is awaken Canada to the reality that relying on a single customer is not such a good idea and that they have a huge amount of oil that they should sell while they can because changing technologies will make oil obsolete in the future (50 years or so from now). When common sense goes out the window you rarely get what you are looking for!
    Oct 4 03:44 PM | 1 Like Like |Link to Comment
  • TransCanada postpones Energy East Pipeline filing until 2014 [View news story]
    You can't blame them for taking the time to ensure all the T's are crossed and the I's dotted. In the mean time, The line heading West across BC takes a major step forward as per the Globe article below ( top part copied)

    Clark, Redford move closer to pipeline agreement

    JUSTINE HUNTER AND KELLY CRYDERMAN

    VICTORIA AND CALGARY — The Globe and Mail

    Last updated Monday, Sep. 30 2013, 12:51 AM EDT

    B.C. Premier Christy Clark receives a toy helicopter after touring Alpine Aerotech during a launch celebration in West Kelowna on Sept. 27, 2013. She says her province is moving closer to an agreement with Alberta that would lay a path for oil sands bitumen to reach her province’s ports. (Gary Nylander/The Canadian Press)

    B.C. Premier Christy Clark says her province is moving closer to an agreement with Alberta that would lay a path for oil sands bitumen to reach B.C. ports.

    A series of high-level meetings are under way to discuss how the two provinces can open up the path to B.C.’s coasts, and then Asian markets. An agreement is not imminent, but officials for both the provinces are working on a framework to address B.C.’s five conditions.
    Oct 4 09:33 AM | Likes Like |Link to Comment
  • Natural Gas Drilling Explosion In Utica Shale Fields Sustain Gas Surplus [View article]
    650 million barrels per day (Mb/d). If not mistaken, the world currently produces around 100 million barrels of oil a day and you expect people to believe that the Marcellus/Utica will produce 650 million barrels per day???? So much for this article!
    Oct 3 10:03 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    The problem is that everything seems to be a sacred cow for Obama. If he wants Obamacare then maybe he has to give on something else. Yes the republicans may be influenced by the tea party wing but don't forget that the Lefties and Greens are a big influence in the Democratic camp. End result is that Ideology trumps common sense.
    Oct 3 09:51 AM | 3 Likes Like |Link to Comment
  • Reuters to cut 5% of editorial staff [View news story]
    Smith was sent there to restructure and restructuring he is. This IMO should be a plus for the bottom line as they focus on whats making the most money.
    Oct 2 12:53 PM | Likes Like |Link to Comment
  • Mongolia confident of resolving Oyu Tolgoi disputes by year-end [View news story]
    Unfortunately, dealing with the GOM can be like dealing with Bozo the clown. Fortunately Rio Tinto has a lot of experience at dealing with governments in developing countries and will IMO get this sorted out.
    Oct 2 08:52 AM | 1 Like Like |Link to Comment
  • Mongolia confident of resolving Oyu Tolgoi disputes by year-end [View news story]
    Talk is cheap and investors and Rio Tinto have been fooled by the GOM many times in the past. What will be needed here is some real action on the part of the GOM to show that they can be trusted to honor the pieces of paper that they sign and the agreements they make.
    Oct 1 02:30 PM | 1 Like Like |Link to Comment
  • Harper "won't take no for an answer" from U.S. on Keystone [View news story]
    The article in the link below is a dose of reality for anyone that does not think that Canada will build a pipeline to the West Coast now that the politics is out of the way.
    http://bit.ly/16EFcEQ
    Oct 1 11:14 AM | 1 Like Like |Link to Comment
  • Harper "won't take no for an answer" from U.S. on Keystone [View news story]
    Not true - the only new line that has any real amount of opposition is the one crossing BC (Canada's traditional tree hugger province). The other proposals do not have that much opposition. And even so in the last election in BC the NDP (the traditionaly greener party) lost to the Liberals (the more middle of the road party). All expansions and reversals should go ahead as planned as the federal and almost all provincial governments support them.
    Sep 27 09:25 AM | 1 Like Like |Link to Comment
  • Harper "won't take no for an answer" from U.S. on Keystone [View news story]
    As well as the TransMountain expansion mentioned above Enbrige is also looking at reversing its line 9 to get western oil to Montreal and Transcanada is looking at converting some of its natural gas lines running east to oil (1.1 million barrels per day). So we have well over 2 million barrels a day going east or west just by reworking existing pipelines. On top of this you have the new proposed pipelines which are working their way through the regulatory process. What keystone would bring America is jobs, royalties, taxes and improved energy security. If America does not want this, then the Chinese and other will enjoy the benefits.
    Sep 27 08:42 AM | Likes Like |Link to Comment
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