[rrrod]

Aaaaand we are just getting warmed up!!!

[USNBandit]

Petroleum is a commodity. The Saudis dumping oil has probably done more damage than US fracking.

[PIF]

Canada’s energy woes are mostly self-inflicted ... misleading headline/excuse

[Bullish]

Aw shucks.

[sauropod]

bkmk

[grey_whiskers]

Let them import more Muslims.

Because, diversity, eh?

[Does so]

How much of Canada’s vaunted “Single-Payer” is funded through petroleum sales?

[hadaclueonce]

Saudi’s tried to bankrupt the US Fractors.
Saudi’s lost.
Sorry Canada.
Unlike everyone gets a trophy, Business plays for keeps.

[bert]

The Canadian oil industry relies on hundreds of US firms for all kinds of stuff. Cessation of projects will mean a loss of US jobs.

[vette6387]

Couldn’t happen to a “nicer” country. The United States “northern leech” can go to Hell and take their little “nancy boy” Prime Minister with them. Canada is almost as bad as Mexico as a “neighbor!”

[silverleaf]

Every cancelled project in Canada saves the earth from globull warming,
Victory!

[jmaroneps37]

Winning!!! Our GOOD friends in Canada are on their way to becoming America’s farm team again. And the fool that leads them has begged for more muslim animals.

[freedumb2003]

>>Canadian Prime Minister Justin Trudeau’s attempts to expand energy exports while reducing the country’s greenhouse gas emissions has further complicated the issue.<<

AKA the “eat more beans but don’t fart” policy.

[txrefugee]

You snooze, you loose. The amazing Texas frackers should have a monument erected in their honor. They were the only thing keeping the US out of a Depression during the Obama years, they broke OPEC’s strangle-hold on our economy, and they can made us energy independent if the government will quit buying Middle East and Venezuelan oil. And as the price crashed from over $100/bbl to $40, they managed to stay in business, kept pumping, and have driven the Middle East producers to their knees, while US consumers enjoy $2/gal. prices.

Bravo!

[spokeshave]

Meanwhile in the USA becoming great again:

In fact, the tremendous increase in natural gas supply has actually revived America’s plastics industry, since natural gas is a perfect base material to make plastics.

Low energy cost and abundant supplies of oil and gas

Feedstock for various petrochemicals, agrochemicals industries.

The USA will end up owning big chunks of these industries

Thursday, 9 Mar 2017 | 10:24 AM ET...CNBC

The U.S. is expected to see a wave of petrochemical plant openings between now and next year. Those plants represent about $50 billion of $160 billion in manufacturing investment earmarked by the industry since 2012, according to James Fitterling, president and COO of Dow Chemical. Among them are several big ethylene plants, including one expected to be opened by Dow in Freeport, Texas, in the second quarter.

"It's about 1.5 million tons of new capacity for us. It will be up in the second quarter sometime," said Fitterling, speaking in Houston at the CERAWeek conference, sponsored by IHS Markit. He said Dow also opened a billion-dollar propane dehydrogenation plant in Freeport at the end of 2015. "That was the first megaproject we've done on the Gulf Coast for quite some time."

Exxon Mobil this week announced a $20 billion spending program to expand its manufacturing capacity along the Gulf Coast, including some previously announced investment. The announcement came at CERAWeek.

Industry executives say this is the first big wave of chemical plant construction in decades.

President Donald J. Trump tweeted congratulations on Exxon's investment and promise of jobs. But the petrochemical renaissance has been building for several years. Trump's policy may unleash more if it results in the creation of pipelines and other infrastructure.

"The U.S. has gone from a shale gas boom to a petrochemical boom," said Scott Sheffield, CEO of Pioneer Natural Resources. While natural gas industry experts discussed the outlook for a long period of low gas prices at the conference, the petrochemical industry described what only can be viewed as a boom in an industry that had been declining in the United States.

Fitterling said there was a wave of plants that started construction back in the 2012 time frame, and between 2017 and 2018, there will be approximately $50 billion of that total $160 billion of capacity up and running. "These are all downstream petrochemical plants, including ethylene facilities, propylene facilities and all the downstream products associated with them. Another wave of plants — some that started and some that were a little bit delayed and slid out to the 2019 time frame — represent another $12 billion," Fitterling said. There are more than 20 big projects and other smaller ones, all which should be completed by 2023.

Another wave of new capacity is likely to be planned after that, Fitterling said. There are estimates that the current planned investment could generate 70,000 to 80,000 direct jobs

Just a little bit of the President Donald J. Trump leadership in MAGA.

[Flintlock]

Corrected headline:

CANADA SHOOTS SELF IN FOOT———AGAIN. (Energy, this time.)

There, all fixed.

[Cen-Tejas]

I know of one piece of business Canada is missing. Mine. I’ve wanted to build on a certain piece of ground on the Yukon River in Yukon Territory Province for years. But, living alone, you have to have a gun in arms reach 24/7 not only for 4 legged animals but 2 legged ones also. YOU are your own sheriff!

My Remington 870 can’t be carried around all day. This means pistol. Pistol’s are illegal. I don’t fancy going to prison in Canada my last years on this earth.

[Flintlock]

Corrected headline:

CANADA SHOOTS SELF IN FOOT———AGAIN. (Energy, this time.)

There, all fixed.

[MrKatykelly]

Given our current congress, and twice electing Hussein; yes Trudeau is an idiot but we’re in no position to criticize our friends in Canada. We both have our problems..

[Deplorable American1776]

Sorry Canada, but you can do the same thing. If you had Harper, instead of Trudeau we could tell Saudi and the other to F themselves..