Enbridge Pipeline Will Mean Higher Fuel Costs For Canadians Says Robyn Allan
Wednesday, October 3, 2012 @ 4:02 AM
Prince George- A BC Economist and former head of ICBC, Robyn Allan says Enbridge presented their case to the Canadian people saying the pipeline was an opportunity to get higher oil prices in Asia. This, Enbridge said, would contribute to the economic benefits in Canada.
What they failed to tell you Allan says is that these price increases apply to every barrel produced and sold in Canada every year for 30 years and these price increases will be passed onto consumers and businesses.
That was just one of themessages she delivered to a gathering at UNBC last night.
Allan also says, the employment figures that Enbridge uses suggest that 3,000 people will be employed, when in fact just over 1,000 people will be employed.
Petro China she added has said they would love to build the pipeline with Chinese workers and invest in it as well.
Speaking about the proposed Kitimat refinery, she says it simply does not make sense. It is the wrong place for a refinery. "Think about it, first you need a condensate pipeline running from Kitimat to Edmonton to break down the Bitumen so it can be sent down another pipeline back to Kitimat for smelting. The whole idea does not make economic sense" she says.
The meeting was attended by more than 200 people including Carrier Sekani Tribal Chief, Terry Teegee. He says the pipeline would have to cross about 300 kilometres of his Band’s traditional territory "We would not support a pipeline crossing under any circumstances."
Tomorrow we begin a three part series into the findings of Robyn Allan and her appearance before the review panel.
Allan is in Mackenzie at 8:00pm. tonight.
Comments
Remember there will be a pipeline leak and no one will claim responsability for it. That black thick tar is impossable to clean up. Once it has leaked into one of our pristeen lakes or rivers it stays there and the polution spreads. Wheather itis a water shed or the ground the polution won’t go away. I say there is no money that is worth the destruction of our pristeen eco systems as they are there for generations to come.
This is a environmental disaster in the making.. We have to close our border to this. No money can replace one spill and the harm it does.
For many years I was a supporter of this pipeline, until I discovered, its not oil they are shipping, it is tarsand liquified by condensate. I am against the pipeline now.
What the heck are we doing, just because China wants the raw material, it does not mean we have to give it too them. Lets process it, than sell it to them.
Oil will eventually evaporate, Tar sand crap, will lingure on forever. Just imagine pushing oil sludged with sand running thru a pipe, sounds like a recepie for disaster. Sand paper on steel, eventually it will wear it out.
NO, NO, NO.
Robyn Allan is amazing! It is so encouraging to know there are smart people out there who still believe in democracy and trying to make our country better. If you get a chance you should go hear her speak.
The refinery in Kitimat was just a herring.
It had no merit, it was not even financially feasible. It was just politics.
A gas price increase for Canadians is right in the Northern Gateway business plan. Harper’s energy policy for Canada seems to be pandering to corporate interests, (including Chinese state owned corporations) and little else. No wonder the backbenchers are starting to rebel.
I heard on the radio this morning that the CEO of enbridge, who has been yapping about how many jobs this means for BC, Alberta and Canada, is now saying, that enbridge can’t guarantee most of the jobs will even go to Canadians. He said that they would make sure the communities that the line goes through will have a positive financial impact to them, and they will employ AS MANY as they can from those communities. First, how many communities does the pipeline ACTUALLY GO THROUGH, secondly, what does EMPLOY AS MANY mean? If they don’t have qualified people living in that exact community, does that mean they will then hire cheaper labour from out of the country? IF this doesn’t concern people in BC and Canada something is wrong. Alberta doesn’t give a crap because all they are looking forward to are the royalties from the unchecked expansion of the oilsands. Alberta went from being high priced call girls in the 80s (35% royalties) under lougheed, to being a diseased street walker who now gets less than 6%. Even the average Albertan should be worried about this trend.
Petro China she added has said they would love to build the pipeline with Chinese workers and invest in it as well.
All about jobs and job creation, yeah right…I knew from the word go that, that was a bunch of lie’s. Let’s see after the Chinese builds the pipeline they can rename it the Qin Shi Huang pipeline and line it with their Terracotta Warrior’s eh, just like in Vancouver. Look past your nose’s, doesn’t anyone see what’s really going on.
The Liberals and the Con’s have our Province sold to the highest bidder and that my friends is Communist China…….;
Endbridge pipeline built with Chinese Quality just like the junk you buy in the stores…….;
The big oil companies have been raping and pillaging our resources with little or no benefit to the average Canadian. Most of the benefits going south, and now China. It seems we can’t stand up to them at the pumps with their continual price fixing and unexplained gouging. This may be our only opportunity to say we have had enough here in BC, we no longer trust or buy what they are trying to sell us! There will be a pipeline oil spill! We all need to say NO !
What a big crock of BS. Another opponent throwing out some scare tactics.
This is so scary. What part of NO do our governments not understand? We DO NOT want this pipeline!
What does a former head of a government monopoly know about economics? If price increases on fuel were so damaging, where was she on the carbon tax? Or all the combined gas taxes? This is an environmental issue. The economics are there reguardless of her ignorance to them.
“back to Kitimat for smelting”. WTF! Clearly you could put her knowledge of oil and its economics on the head of a pin. She is no expert.
FYI.. the tarsand is not liquified by condensate, it is liquified by high pressure steam, one of the byproducts of this process is condensate.
Strange, I was under the impression that the condensate was coming in from China on tankers, and put through the second pipeline to Alberta, to thin the bitumen so that it will flow through the pipeline to Kitimat.
FYI P val, there are two methods of extraction. Steam assisted, where they heat the bituimin at source and flow it , and mining. For pipelines it requires condensate to flow. Two methods from the same resource. It depends on the reserves which make sense. Think you should go back to google and really “dig” into the proceses.
“What does a former head of a government monopoly know about economics”
Robyn Allan has had a lengthy and successful professional career in senior executive positions in the public and private sector with an emphasis on insurance, finance and real estate.
She was a Commissioner on the Barrett Commission of Inquiry into the Quality of Condominium Construction in British Columbia as well as its Economic and Financial Adviser.
Her executive positions have included:
⢠President and CEO, the Insurance Corporation of British Columbia
⢠Vice-President Finance, Parklane Homes
⢠Executive Director, Vancity Community Foundation
⢠Senior Economist, BC Central Credit Union
⢠Manager Auto Insurance, Saskatchewan Government Insurance
⢠Capital Budget Analyst Crown Investments Corporation of Saskatchewan including
among other crown corporations, Saskoil, Potash Corp., and SGI
Robyn has been a consulting economist and has provided strategic business management and public policy advise to senior personnel in the private sector and in government on a wide variety of issues, with emphasis on investment, corporate restructuring, international trade and business development.
She has been a director for a number of community organizations and publicly listed companies including Vancouver Opera, Ballet BC, and Samoth Capital Corporation.
Robyn has a Bachelor of Arts in Canadian History and a Masters Degree in Economics, both from the University of British Columbia. She has taught Money and Banking, Public Finance, Micro and Macroeconomics at the university level. She has the first year CFA and the Canadian Securities designation.
She was awarded the Forty Under Forty distinction from Business in Vancouver as well as named by the Financial Post as one of Canada’s top 200 CEOs.
Found on the Internet so it might not be true. Then again, if it is true then perhaps dow7500 could remove his foot from his mouth, LOL.
So if she is such an economic expert, how come she is working for a living?
More and more oil and gas is being found. May even put the future of the oil sands at risk. With the price of natural gas declining though oilsands production costs should lower, so its future may be safe.
“The paper notes that current oil prices are much higher today in part because people arenât seeing whatâs just over the horizon. As infrastructure and production ramps up prices will come down and and I think ultimately stabilize.”
http://wattsupwiththat.com/2012/10/03/cheap-natural-gas-but-wait-theres-more/#comments
“So if she is such an economic expert, how come she is working for a living”
Economics is a social science discipline and I’d hazard a guess that the overwhelming majority of economists are employed by the private or public sectors, just like those that work for the Bank of Canada, Ford Motor Company or Imperial Oil.
It’s really no different that anyone else who applies their education and skills to support themselves.
Perhaps you are confusing economics with finance, or with those who were lucky enough to be born into wealth and never had to work to achieve it.
“Perhaps you are confusing economics with finance, or with those who were lucky enough to be born into wealth and never had to work to achieve it.”
Like Justin T.
You mean Justin Timberlake? ;)
Justin Trudeau should have one more charity boxing match. I would pay alot to see him slap Ben Mulroney around.
NMG, She may sport a good resume, but her analysis is biased and poorly thought out.
Hence, “no expert”
Everyone has a bias of some sort, it’s pretty much unavoidable. It’s whether one is able to recognize the bias people have and the impact it has on their position that is more important in the big picture. I know this gets into the realm of critical thinking and that these concepts are no longer important to teach in school (we’re much more focused on preparing people for the job market), so it’s understandable why people are so easily influenced by what they see in the press or are told by politicians or corporate leaders.
So when Enbridge is conducting all of their road show presentations and consultations, do you think they have a bias and that it is reflected in their opinion? Does that also make theirs poorly thought out?
Enbridge puts their money where their mouth is. I take that as much more credible when it comes to economics. Environment is a seperate issue.
I don’t. I think their intimate involvement in the project actually impacts their impartiality on the matter. I would have some faith in regards to how they project the pipeline would be of benefit to them and their shareholders. I have much less faith in regards to how the project would benefit those outside of that group, especially when it comes to the subject of economics and the variability that can arise from one opinion to the next. It isn’t a precise science and there can certainly be pressures to ensure that the “approved” opinion casts the best possible light on the project for all stakeholders.
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