Heard a quote the other day that sums up how I feel about the possibility of the Enbridge pipeline. “There are no good jobs on a dead planet”.

This tells me that we should be REALLY listening to those who know what they are talking about.

Seems like every fool-proof plan man comes up with, is no match for the power and ingenuity of Mother Nature.

‘Fool-proof’ works only in the mind of the designer.

“‘Fool-proof’ works only in the mind of the designer.”

And their investors!

How stoopid could the fededral government be: First they let an Alberta oil company try to put a pipeline into the province of BC while the entire province is totally opposed to the pipeline. Then when ship wrecks are happening in the very waters where the oil is supposed to be shipped from they still can’t see that this is a bad idea and cancel it. Show some cajones Mr. Prime Minister and start a Canadian energy policy. There is a market for our oil and if there isn’t it will be in the ground for future use.

Had that high centered container ship been a oil tanker it would have buckled due to the weight of the oil in the haul….

Tankers will be under stricker control, have three escorting tugs and double bottomed.

Common Sense is not something that belongs to the elitist class; we all have it and all posses the ability to use it in any situation. Here’s a chunk for you all to try on and see how it feels. Why are we running a pipeline across BC to send Alberta sludge to China when our own provinces to the east have to import oil?

Try this on for size, run the pipe the other way, keep the oil in Canada, refine it where it’s needed and screw China. They have lots of land there in China, drill some holes and refine your own oil, there’s oil there just dig it out them selves. Seriously where’s the logic other than risky planning, a sketchy Pipeline Company (with a very questionable safety history), possible environmental damage. It’s all about money from China. What happens when they quit buying the oil, then what happens?

See China has done the same damn thing in a few other countries, Australia is a good example, and they have a 25-year agreement to purchase coal from several mines there. However they seem to have “changed their minds” and are no longer accepting coal from those mines. {I must qualify that those mines are Australian operated and owned, see where I am going}. The mines in Australia are all but shut down and the Australian people are out of work, courtesy of the Chinese “change our minds” mind set.

They are out to cut costs any way they can and will stop at nothing to seize control over the resources and the operations providing those resources. Given time they will attempt to purchase the firms in Australia, employ there own people (in comes the Chinese nationals) and basically rape the environment to fit there own needs regardless of the Australian policies. But first they need to acquire the companies or at least the controlling shares to be able to steer the firm in the direction they need.

When a mine is shut down due to lack of sales it’s value drops like a rock, this means that the mine can be bought on the cheap by who ever is waving the right amount of cash. Shareholders are a fickle bunch, and for the most part quite stupid when it comes to leverage on a global scale. With the right amount of glad-handing and ego stroking and yes a bit of cash to the right pockets, you too can acquire the assets of almost anything that is in a state of shut down.

We need to step back and look at the whole picture not just the local picture to see what the Chinese are up to, not just with us but with other trade partners we have globally. Once you do that the picture you will form can be quite disturbing. Apply Common Sense. Say NO!

We had our own Australian example with Tumbler Ridge ….. How soon we forget.

The Chinese are just doing, (on what will be a far larger scale), what the Japanese have done for decades. They create the impression of an insatiable demand for our resources, (which there well may be – over time), and we fall all over ourselves in a quest to fill it (now), and enrich ourselves in the process.

But they’re creating that same impression in every other place worldwide that has resources, too. With exactly the same results from the governments and would be suppliers in those lands.

When all this now newly developed global supply hits that supposedly insatiable demand, that hasn’t quite materialised to the same extent yet, exactly what Professional has described above takes place. Domestically owned suppliers fall like dominoes as their costs can’t fully be recovered in prices as originally projected, and bank loans can’t be fully amortised from falling, or non-existant, profits.

Leading to the choice of them selling themselves to some willing foreign buyer, often at a loss to their investors, or the giving up of more accurate future potentialities for profit; or having their banker foreclose and make the sale for them, at a still bigger loss to their investors.

The idea that we could supply our own oil needs in Eastern Canada from production in Western Canada, rather than from imports, would have greater credence if it were not for the way our current financial system works.

The market is likely yet too small there to recover the capital costs, and meet the ongoing operating and maintenance costs of a pipeline from the sale of oil there at less cost over the likely required period of time to recover those costs, and still compete with oil sourced from abroad. Or from Hibernia, or other oil developments pending in that region’s own continental shelf. WE haven’t likely even scratched the surface when it comes to finding new sources of oil, both on land and under the sea.

Nationally, there is a persistent shortage of domestic purchasing power, in EVERY modern indusrial economy, (except in an economic period where ‘capital spending’ from new bank loans is constantly increasing ~ a condition which is completely unsustainable, even in a developing country like Canada. Or China. Or anywhere, over any longer term.)

This shortage is brought about by a correctable flaw in the way business cost accounting, taken collectively, relates prices in general to the supply of money itself that is available to liquidate those prices at any SAME point in time, and currently requires us, and every other modern industrialised country, or would-be one, to seek export credits internationally by trying to sell abroad more than we buy abroad.

We don’t seek these credits so that we can buy some other country’s goods ‘later’ in exchange for our goods ‘now’, but so the Bank of Canada can have an excuse to produce sufficient CANADIAN money ‘now’ to enable us to live.

Tin foil hats on sale.

Too late, seamutt. The brain damaged are already in control.