Posted on 01/31/2018 3:55:25 PM PST by bananaman22
Canadian drillers are moving rigs south to the U.S. to seize more profitable opportunities. But it’s not just the bright prospects of the Permian that is attracting Canadian companies—moving south of the border has more to do with favorable tax rates and more takeaway capacity and market access opportunities than there is in Canada.
Send our losers to Canada, and Canada can send its winners to America.
1. A large swath of tar sands center Fort McMurray was burned to the ground last year in a massive forest fire.
2. Exchange rates have begun to push more favorably to the Canadian dollar -- making Canadian oil extraction more expensive in U.S. dollars.
3. Canada's government recently rejected a couple of major pipeline projects that would have supported its large Asian export market.
“Canada’s government recently rejected a couple of major pipeline projects that would have supported its large Asian export market”
The socialists of Canada can shoot their feet in more ways than one!
In compensation, I suggest we send all our Hatians and Somalians to help build their technology.
If this is art of the deal I’m loving it.
There are millions of us 'loving' the results of the "art of the deal!
“The socialists of Canada can shoot their feet in more ways than one!”
Hopefully, we can send millions of our socialist know it alls on one way trips to Canada.
“What’s happening in the U.S.? They’re lowering taxes, they’re building pipelines and they’re starting to export oil,” Conway told The Canadian Press, adding that in Canada, taxes have been raised, pipelines are not getting built, and there isn’t much regulatory certainty.
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