Posted on 06/30/2025 9:11:19 AM PDT by MinorityRepublican
Not for much longer.
Ever wonder why everything costs so much more in Canada?
Also why Canadian teams can’t win a Stanley Cup.
Trump’s alienating and pissing off of allies is so unbelievably stupid.
China is on course to surpass the US over the next couple of decades. Its already surpassed the US in purchasing power parity and manufacturing capacity. It has a much larger population and is churning out 3.5 million STEM graduates per year compared to the US at 820,000.
Eventually, it will surpass the US in terms of total GDP, and then GDP per capita, and it will have a larger science and tech base.
It is building naval ships and military equipment at a far higher rate than the US can keep up with, and the eclipse of the US as the world’s largest and most powerful country is pretty much inevitable.
The one ace card that the US has is its network of alliances, and Trump is unravelling that just as China is taking advantage by reaching out as an alternative trade partner willing to liberalise trade rules and increase market share.
As the US is eclipsed, its alliances will be more important than ever to stay ahead of China.
China is suffering from a population crash. They're supposed to have 1.4 billion people. But they're probably off by a couple of hundred million of people.
The population in China is not happy with the CCP. So the party in charge may be reaching to an end to their "mandate in heaven".
We refine the oil and send it on...
Did the pipeline from Alberta to the BC Pacific coast ever get approved?
OR did Trudeau keep that from being built ?
Did the pipeline from Alberta to the BC Pacific coast ever get approved?
OR did Trudeau keep that from being built ?
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Warren Buffett has Burlington Northern and Bill Gates has big holdings in Canadian National Railroad. Wasn’t Trudeau.
Those guys want that oil flowing by rail, south, not west.
The BNSF railroad does not own track in Canada.
The Canadian National and Canadian Pacific railroad own the track throughout Canada.
Almost all of the oil moves by pipeline.
From the Google Machine:
“In 2023, 92.3% of Canada’s crude oil exports were moved by pipelines, an increase from 90.4% in the previous year. Rail accounted for only 2.5% in 2023, down from 3.7% in 2022. Figure 2 in CER Crude Oil Export Summary shows export volumes of crude by transportation mode.Jul 3, 2024”
https://www.reddit.com/r/MapPorn/comments/1igwmux/canadian_oil_pipelines_to_the_united_states/
Very little oil moves by Rail tanker car in comparison to pipeline. That is because it is much safer and CHEAPER to move it by pipeline.
I was referring to the proposed NORTHERN GATEWAY pipeline which was rejected. Then they also rejected the Energy East pipeline which would have brought Alberta crude to JD Irving’s refinery in New Brunswick. Irving’s is the largest refinery in Canada. Although most of the refined products actually end up being sold in the USA.
I wonder how the people of Le Maglamantic, PQ feel about the Energy East pipeline being rejected?
This was the town that had the oil tanker train roll down into town on a Saturday night. Derailing and burning a large part of downtown and killing dozens. That train was destined to Irving’s refinery in New Brunswick.
This could be a change. My recall is the diluent oil from shale went north by pipeline, to dilute the thick oil sands oil ** so that it could travel by pipeline **.
Didn’t know they had fully succeeded yet.
The obstruction of the pipeline going west was lawsuits from indian reservations that didn’t want the pipeline traversing their land. Their court fees fronted by Gates/Buffett.
Ever wonder why a country with 1.3 BILLION people can’t match the GDP of a country with 350 million people? Weird isn’t it?
They will happily cut off their noses to spite their face, just because Americans like to keep their own noses.
I would not be surprised if the owners of the Alaska pipeline also fought to keep that BC pipeline from being built.
It would have directly affected the price they are getting for the oil FOB Alaska.
This is one of the main reasons why gasoline and diesel is so expensive in ID, WA, OR & CA. It is not just the taxes per gallon that the state adds. Their cost/barrel is higher delivered to the refinery than other places in the USA & Canada.
I live in NH, but most of our gasoline, diesel & heating oil comes from either Jim Irving’s refinery in New Brunswick or Jean-Gaulin or Montreal. Between those three they produce over 700K barrels/day. Then there are several in NJ.
However, the five largest Gulf Coast TX & LA refiners make 2.8 Million barrels/day.
When you look at a refinery map there are several western US states where there is very little refining capacity. The ones in the mountain states are all relatively small
Interesting.
Another matter about refinery issues typically ignored is what happened when shale became prominent. It does not have the same constituent yields as conventional oil. It is light and tight, meaning lower distillate fractions and low permeability in the rock.
So demand for diesel in a given area will define a lot about the refineries of that area and also which feeding liquids they accept.
Everyone needs diesel to run the trucks that bring food, but the demand for construction equipment definitely will differ regionally. I would guess the Canadian refineries have a lot of diesel demand. Maybe less so in the West.
Diesel is huge in Europe.
I was in Italy last October. Almost all the cars/vans were standard transmission diesel. It was also priced at 1.65 EU/LITER. Gasoline was about .10EU more. Which is why almost all the daily commuters drove Vespa Scooters. Even motorcycles were relatively rare.
In Italy I thought everyone drove a Ferrari or a Ducati or Motoguzzi. I think I saw one Ferrari the whole time I was there.
There were a lot of FIATS though. In Rome a lot of the cab drivers drove Toyota Hybrid hatchback wagons. However, the three times we got picked up by a van driver it was a Mercedes standard transmission diesel.
This would suggest shale crude doesn’t go to Europe. That would all be Middle East and Norway crude. It’s really hard to create diesel from crude that doesn’t have much, as is so of shale, vs conventional (meaning non shale) crude.
WTI’s API number literally changed in definition as shale oil dominated what came out of Texas. For years the idea of “sweet” crude meant that it was easy to refine because it had low sulphur. But now it means diesel rich.
Europe also gets a lot of crude oil from Africa. Libya, Nigeria, Morocco and other west African countries are just a short boat ride away. You don't even have to go through the Suez Canal to get there.
China is leaning heavily into automation, which will mitigate their worker shortage until the one child policy consequence has passed.
Because China spent over a thousand years as an ossified society, followed by a period of anarchy, and then Stalinist communism under Mao.
The days of economic illiteracy and regression came to an end the Deng Xiapoing in the 70s and since then China has been embracing intelligent long term strategic thinking that has seen China accelerate from being a poor, irrelevent agrarian nation to contender for the top spot as an economic and technological superpower.
The West meanwhile, is dogged by leaders who don’t think beyond the next election cycle and have taken the view that it is up to the succeeding generation to pay the debts of the previous one.
China is nowhere near as close to the ceiling of its potential as the US is. If you think America is top dog by divine right all I can say is one word. Hubris.
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