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Originally Posted by supafamous
I pointed out that while your first point is true that it's also true that, financially it hasn't made sense for oil companies to invest in new refineries in NA even excluding political reasons.
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Your statement is flat out wrong. The IOCO refinery was desired to be revamped several times in the late nineties and early 2000's but it never came to fruition, for a variety of reasons, but principally permitting.
And lets not forget the countless denials Parkland has seen to their endeavors to expand. There are companies that have sought investment here and they have been shut out of doing so.
Quote:
Originally Posted by supafamous
I think you're vastly oversimplifying a complex problem that is complex enough that most citizens don't care to or are unable to understand and that politicians are not able or afraid to walk us through it.
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Perhaps so, but that doesn't make the points incorrect. Keep in mind I work in this industry, so if you are trying to discredit me, it ain't happening chief. This is what I do for a living, I know the facts, and I certainly know the financials.
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Originally Posted by supafamous
Canada is a highly resource rich country and it would be highly profitable for us to extract those resources and process them on shore - it would create a lot of jobs and a lot of revenue for the government if they did it. However, it would be environmentally costly (HUGELY costly) to do that and we want to meet our climate commitments (and climate change is a real problem) and retain as much of the beauty of our country as possible (for more than aesthetic reasons).
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This is the exact statement of bullshit that is touted. Canada wants to meet our environmental objectives, so we ship our crude and resources across the planet, to be refined/enriched/smelted, only to then buy it back so we can use it. This doesnt help climate change, it makes the problem worse, cause now you are carting the crap all over the planet burning even more fossil fuels. The planet doesn't care if China refines the oil, or if Canada does it, the planet suffers just the same.
And the actual fact is that when Canada does the end to end process, because we aren't a third world shit hole, and we have regulations, and we actually give a fuck. We do it way cleaner and with way less polution than India, china, etc.
This statement you make above is exactly the incorrect thinking that lets me know you dont understand the industry is frustrated by the common thinking. This is essentially the resource extraction equivalent to our Real Estate NIMBY's.