National Economy

[James Bond Agent 007]

Newfoundland and Labrador's massive opportunity: $400 billion in natural gas

[...]

The first study of the basin assessed resources available within existing discovery and production licences. It estimated the areas contained somewhere between 8.1 to 11.3 trillion cubic feet of recoverable natural gas.

The second phase identified an additional 10.2 to 25.5 trillion cubic feet in adjacent and unlicensed areas.

Combining the results and the range of estimates, the studies have determined that the best estimate is likely 27.6 trillion cubic feet of recoverable natural gas.

[kwoldtimer]

Greenhouse cucumbers seem like a better bet ...

[YOWetal]

Originally Posted by kwoldtimer

Greenhouse cucumbers seem like a better bet ...

Not sure if that's a joke. But using the gas for the modern greenhouses AKA Datacentre/AI might make sense depending on costs. But the safe money is exporting LNG.

[MolsonExport]

Originally Posted by kwoldtimer

Greenhouse cucumbers seem like a better bet ...

Ah, the infamous Sprung Greenhouse fiasco. Pepperidge Farm remembers.

https://www.heritage.nf.ca/articles/politics/sprung-greenhouse.php

[Tvisforme]

Originally Posted by MolsonExport

Ah, the infamous Sprung Greenhouse fiasco. Pepperidge Farm remembers.

https://www.heritage.nf.ca/articles/politics/sprung-greenhouse.php

That even showed up in an episode of Son of a Critch:

https://brioux.tv/blog/2022/01/25/province-in-a-pickle-on-tonights-episode-of-son-of-a-critch/

[James Bond Agent 007]

Originally Posted by James Bond Agent 007

Canada turns from U.S. to Europe as Iran war propels aluminum higher

More on this:

Quebec aluminum smelters more resilient than expected despite U.S. tariffs

A major aluminum association in Canada says the impact of U.S. tariffs on the industry has been less dire than expected.

Jean Simard, president and CEO of the Aluminum Association of Canada, says the industry is operating at 95 per cent capacity.

“No slowdown, no layoffs," Simard said in an interview with The Canadian Press on Thursday about the effect of 50 per cent U.S. tariffs on aluminum.

[casper]

Looks like after Site-C, it is time to start looking at another large scale hydro project in BC. Site-E is now being considered.....

This one comes very close to the BC/Alberta border. We will have to see, Alberta responds.

B.C. eyes two new hydropower dams, including Site E near Alberta border, Dix says

The so-called Site E project would have a capacity of up to 750 megawatts, while a project near Bute Inlet northeast of Powell River would be bigger at 900 megawatts.

The Site E dam was originally proposed in 1958, along with four other Peace River sites, including the recently completed Site C project, which is now known as the John Horgan Dam. That massive dam has a capacity of up to 1,230 megawatts.

Source: https://www.timescolonist.com/local-news...-e-near-alberta-border-dix-says-12424479

Ideal is we build these now, force the LNG terminals to use hydro instead burning natural gas. LNG is a transitioning fuel, as the world moves off of it and the LNG fades, BC is left with fully paid for low cost hydro. Win-win for everyone.

[James Bond Agent 007]

The Canadian Dollar ditches Crude Oil for Gold

The textbook calls the Canadian Dollar a petro-currency, which means that with a Middle East war keeping Crude Oil bid, the Loonie should be holding its own. Instead it spent this week sliding to a fresh 14-month low against the Greenback, capping a run in which the US Dollar has closed higher in six of the last seven weeks. The textbook is wrong, at least for now: the Loonie has quietly stopped trading like a Crude Oil proxy, with its weakness driven by two forces that have nothing to do with the price of a barrel.

A petro-currency in name only

For years the Loonie moved with the price of a barrel; that relationship has quietly inverted. The rolling correlation between daily moves in the currency and Crude Oil has turned negative in recent months, a clean break from the historical norm. In its place, a less obvious driver has taken over: Gold. Canada is a major bullion producer; with Gold down for six straight weeks and well off its recent record, that slide has become a genuine weight on the currency. The market has swapped one commodity anchor for another; traders still watching only the barrel have missed it.

[YOWetal]

Originally Posted by James Bond Agent 007

The Canadian Dollar ditches Crude Oil for Gold

This analysis seems very dubious. It's pretty clear as soon as oil dropped with the peace agreement our dollar dropped. Not over the past six weeks as gold declined but only the past week. Gold is a serious export for sure but still dwarfed by oil. It seems when oil goes up because of geopolitical issues our dollar holds steady as uncertaintity counteracts the rise in oil prices and then when oil falls our dollar falls. The trade uncertaintity is also a drag on our dollar.

[Airboy]

https://www.cbc.ca/news/canada/calgary/bakx-northern-shield-ontario-alberta-oil-9.7259820

New 3300 km eastward pipeline proposed.

[jammer139]

CTV coverage of study for new Alberta to Ontario pipeline.


Ontario says it is also exploring possible pipeline extensions to new and existing ports, including an option that would allow Manitoba and the Manitoba-Crown Indigenous Corporation to study a possible extension to the Port of Churchill.


Manitoba will want to play the extortion card to leverage Port of Churchill I suspect.


https://www.ctvnews.ca/calgary/article/d...osed-cross-canada-oil-pipeline-corridor/

[casper]

Originally Posted by jammer139

CTV coverage of study for new Alberta to Ontario pipeline.


Ontario says it is also exploring possible pipeline extensions to new and existing ports, including an option that would allow Manitoba and the Manitoba-Crown Indigenous Corporation to study a possible extension to the Port of Churchill.


Manitoba will want to play the extortion card to leverage Port of Churchill I suspect.


https://www.ctvnews.ca/calgary/article/d...osed-cross-canada-oil-pipeline-corridor/

The German sub-deal includes investment for LNG out of Churchill. That would make a lot of sense. Run LNG out of Churchill and crude oil to Ontario.

Churchill could end up with a small LNG terminal. A few first year ice rated LNG tankers. The other aspect that would be interesting is converting the northern communities form diesel to LNG for power generation and heating.

[whatnext]

Originally Posted by jammer139

CTV coverage of study for new Alberta to Ontario pipeline.


Ontario says it is also exploring possible pipeline extensions to new and existing ports, including an option that would allow Manitoba and the Manitoba-Crown Indigenous Corporation to study a possible extension to the Port of Churchill.


Manitoba will want to play the extortion card to leverage Port of Churchill I suspect.


https://www.ctvnews.ca/calgary/article/d...osed-cross-canada-oil-pipeline-corridor/

Ontario is smart of be future-proofing themselves for the eventual shutdown of Enbridge's Line 5 by the Americans.

[harls]

Originally Posted by jammer139

Manitoba will want to play the extortion card to leverage Port of Churchill I suspect.

I've got a couple of dogs and they just perked up for some reason. Have no idea why.

[FactaNV]

Interesting the talks didnt seem to include MB.

[Wpg_Guy]

Originally Posted by FactaNV

Interesting the talks didnt seem to include MB.

Premier Wab Kinew refused participation.

[kwoldtimer]

Originally Posted by jammer139

CTV coverage of study for new Alberta to Ontario pipeline.


Ontario says it is also exploring possible pipeline extensions to new and existing ports, including an option that would allow Manitoba and the Manitoba-Crown Indigenous Corporation to study a possible extension to the Port of Churchill.


Manitoba will want to play the extortion card to leverage Port of Churchill I suspect.


https://www.ctvnews.ca/calgary/article/d...osed-cross-canada-oil-pipeline-corridor/

Whatever works.

[craner]

Originally Posted by Wpg_Guy

Premier Wab Kinew refused participation.

Did he give any reasons why?

[WayneShuster]

Originally Posted by craner

Did he give any reasons why?

Lack of aboriginal involvement.

[kwoldtimer]

At some point, it needs to be made clear whether First Nations are to be consulted on proposals, or whether they must be consulted about whether there will be a proposal.