Such starry-eyed optimism. As we ‘work’ our way towards the same fate that’s now befallen Detroit. Simply because we still refuse to learn the difference between pure inflation and genuine prosperity.

And the gang currently in charge here in BC, not that their opposition counterparts are any better, have to be the dumbest clucks in the classroom.

Just take a longer term look at the spot they’re getting us into. Again. And ask yourself, just who really ever benefits from prices that will still always be rising faster than the incomes needed as we try to buy back for our own consumption even a part of what we’ve just produced?

We’ll end up literally ‘giving’ our LNG away to foreigners to have a few jobs while the price of natural gas here, and every other commodity we need to live, will increasingly rise faster than our incomes ever will.

Sell it all,why change now. We have been doing that for ever.let our kids figure it out because we haven’t done the best sense Canada first became Canada.

Dum-ass smartphone typos.

The problem with the labour report is that it dwells entirely on the ramping up to what could be a maximum number if they are so stupid as to get all 5 proposed projects going virtually at the same time.

Project managers worth their weight in gold know that any one of these projects will be sitting on a curve which will start with current available resources, move to an eventual peak, and then a decline until a new steady state plateau is reached.

That steady state is, of course not quite sustainable depending on changing market conditions as well as continuing availability of the product.

Superimpose the curve for each of the 5 proposals, and adjust them so that they integrate to maximize the common interests (yeah right!!! I would love to see that happen in my lifetime).

When the report creates such a discussion paper as an attachment, we might have some useful material. Without that, it is a glossy promotional item point to the sky is falling school of project management and promotional glossy for the unwashed.

Pure hogwash!!

This is the committee which came up with the report:.

Bob Affleck – Spectra Energy Corp.
•John Amos – Haisla First Nations
•Elizabeth Aquin – Petroleum Services Association of Canada
•Elio Artuso – Apache Corporation
•Tessa Gill – Pacific NW LNG
•Cheryl Knight – Petroleum Human Resources Council of Canada – a division of Enform Canada
•Jon Koop – Trinidad Drilling Ltd. •Manley McLachlan – B.C. Construction Association
•Randall Gerlach – B.C. Ministry of Advanced Education, Innovation and Technology
•Ines Piccinino/Kursti Calder – B.C. Ministry of Energy & Mines
•Doug MacLaren/Victoria Pazukha – Resource Training Organization
•Ziad Saad – Canadian Energy Pipeline Association
•Clyde Scollan – B.C. Construction Labour Relations
•Murray Slezak – Shell Canada Limited
•Geoff Stevens – Chair of B.C. Natural Gas Workforce Strategy
•Joan Westran – B.C. Ministry of Jobs, Tourism & Skills Training
•Kathleen Williams – BG Group

In my mind, not a single person on there has an interest in the provincial or federal well being over the long run which identifies the pluses and the negatives over a 20, 40, 60 year cycle so that the true cost – social, economic, environmental – of this LNG exporting program we are getting ourselves into in such a way that when the economic and social benefits will eventually take a downturn, there is a legacy there at that time which will pay for those costs and is not handed down to another generation.

It is a larger version of the pothole and infrastructure deterioration problem we are experiencing.

Will we ever develop to become a smart society or are we forever stuck with smart phones, and smart cars, and smart meters, etc.?

And all those steam, pipe, and gas fitters will do what in 2018 when the construction boom is done? Foreign workers that need to be brought in will be sent back to where they came from?
Gus has it right. Our long term prosperity is served by long term stability, with large scale construction projects planned over a longer term. These short term booms benefit the international companies which move to a another booming place in the world as soon as our boom is done. We are left with the bust.
People entering the school/apprentice programs or Aboriginal, women, and immigrants going into entry level gas programs will hardly provide the “skilled, productive, available” workforce by the height of the construction boom in 2016/17. They will just be in time to compete for gas industry jobs with the layed off construction workers.
The hype sure makes the government look good if you accept the message with a combination of wishful thinking and credulity.

Considering the boom in natural gas fracturing in many areas of the world it will be interesting to see what gets built here in the end.

These trade skills could travel the world.

Maybe it’s an oversimplification but what do we get in return for our resources – that we can leave in the ground – especially after we’ve ripped up some pristine wilderness to get at it Money is a medium of exchange – at the end of the day, we ship you something, we should get something back -what will that be?

I-phones? Angry Birds games?

The world seems to be on a frenzy to consume every available resource, rather than focusing on how to conserve and make better use of resources. Seems unless we have growth – we have recession – why is that?

I’m all for jobs, but not if we don’t get anything real in return – and is it wise to export something now, that you we need ourselves in the future – in exchange for something we don’t need now – i personally have about 3 working cell phones that I no longer use because I keep upgrading.

I couldn’t have said it any better gus, chuck and ski50.

I was thinking about this yesterday when Apple released their quarterly results. In three months, they made about 4 times as much as the budget deficit for the Province of BC AND THIS WAS DISAPPOINTING!!!!! Huh? I love my Apple computers, but does it stand to reason that a company that sells computers, music players, telephones and invisible code should be more economically powerful than a Province and many countries?

As for the LHG projects, why the heck would the Province NOT manage those resources so that they meet the needs of the PEOPLE in the Province (via jobs, predictable growth and revenue streams, etc.) as opposed to the free for all we have now to expand, expand, expand (all the while knowing that we’ll have to bring in foreign workers to do the expansion). What happens when the projects run dry and there are no jobs left for future residents in BC to buy the newest app for their Google eyewear?

This world is going absolutely nuts!

We have a political system that rewards insiders that have money, so this will be developed to get as much as they can as fast as they can with little concern for those that will be stepped on along the way.

I predict all projects will be subsidiaries with limited liability to their parent companies and shareholders, and therefore the minimal concern for safety and sustainability… and furthermore they will all be run from offices in far away cities with no local collateral damage as a result of their operations. Most all tradesmen for these projects will be fly in, fly out, and have very little of their income actually flowing into the adjacent communities. This is how resources are developed in this day and age.

If northern BC was its own province we would have some political leverage to ensure we have at least the head offices of these subsidiary corporations set up locally, and a regulatory regime that is focused on local sustainability. The Vancouver-Victoria majority however is majority foreign born and most see this as a revenue issue and not a building of the north issue, so for them all that matters is the royalties and tax revenues that can be earned to provide their services… if gas prices go up 500% it won’t be them that are shivering in the cold.

If these projects go ahead they should be staggered and we should demand that as much of the project is done locally as is possible. Things like manufacturing pipe in the North, training and hiring locals, and manufacturing the LNG components in the North.

Finally if our local gas then goes for the international rates paid in Asia, then we are in deep trouble in the North. I know of very few people that could pay Asian rates for natural gas to heat their homes in the winter… how will people live in the North if we can’t afford our own natural gas to heat our homes? A Northern tax for sure. We need to have an export tax on natural gas exports with built in rebates to northern residents if this is going to work IMO.

“Seems unless we have growth – we have recession – why is that?”

Ask all the multi millionaires and their puppet politicians.

Shareholders politicians and CEO’s are the only people on the planet that matter. When will people get that through their thick skulls? As long as the dividends keep rolling in to those in control, that’s all that counts.

They do not give a rats behind about anyone of you that are not one of them!

This BC Liberal / Conservative Government has turned the Liquid Natural Gas (LNG) taps wide open, and here are the numbers:

“The Kitamat LNG pipeline project consists of a looping of the existing Pacific Northern Gas (PNG) pipeline between Kitimat and Summit Lake to increase capacity (nearly 10 fold) from 115 to 1,000 million cubic feet of natural gas a day and operate a bi-directional pipeline system (east-west and west-east).” *Note they need the bi-directional pipeline system because some of that Natural Gas will be piped east to the Alberta Tars Sands as it expands by 30% and needs more energy to accommodate that growth.

But the Kitimat LNG Pipeline Project is much bigger that just the PNG’s 1,000 million cubic feet of gas per day, the receiving terminal in Kitamat is being constructed to “have access to the natural gas market via its own associated Pacific Trail Pipeline which will link in not only to the Spectra Energy Transmission Pipeline (formerly Duke Energy) but also the Alliance Pipeline and the TransCanada Pipeline.”

The (four) pipeline link will “connect the terminal to a potential 11.5 billion cubic feet a day supply market (three billion to Alberta and British Columbia, 2.5 billion to the US Pacific Northwest and six billion to California). The terminal is ideally placed for LNG supply contracts from Australia (15 days by ship), Russia (Sakhalin Island, 7.5 days by ship), Indonesia and Malaysia.”

Now we need to ask ourselves, at 11.5 billion cubic feet per day, how many years will it take to pump BC completely dry of it’s natural gas reserves? We are not leaving much of a future for our kids are we?

The information in quotation marks in my post comes from Hydrocarbons-Technology . com. Visit their website and type in “Kitimat LNG Import Terminal, Canada” in their search field, should you want to learn more about this massive LNG project.

Bc has a huge natural gas resource, far more than our needs. Export and its development makes complete sense. But very few BC’rs can be accused common sense. Wake up posters and smell the coffee. Do jobs and royalties mean nothing to you people?

Of course export of natural gas and it’s development makes complete sense dow7500. The real debate is in the RATE of LNG export and it’s development.

BIG OIL & GAS Companies worry about how profits for the next fiscal quarter will affect their corporation’s share prices. They don’t worry about the long term economic viability of provinces or countries they operate in.

BIG OIL & GAS operate internationally, they don’t care how fast LNG is extracted and reserves depleted in one area of the world (BC), once it has been depleted they will move on to the next LNG deposit they own somewhere else in the world!

While I could say that we need to find a balanced and conservative approach to non-renewable resource extraction and export, that would be naive! BIG OIL & GAS own the LNG resources under BC and they also run both our provincial and federal governments.

I agree dow7500, hoarding our vast resources benefits no one and isn’t the answer. Try to tell that to the average BC’er though, who already unknowingly enjoys the benefits of resource development.

Like it or not, Canada’s economy largely revolves around resources and resource extraction. That will not change any time soon. Time for people to start realizing it.

Yawn… “hoarding” what an interesting term for ensuring our children and their children have some oil and gas left for their use.

Naw… let’s just extract and ship every drop of LNG and Oil we have over to China, lets forget about our future generations… right JB?

People: “Yawn… “hoarding” what an interesting term for ensuring our children and their children have some oil and gas left for their use.”

Hoarding is the term I use for those who are calling for a stop to all resource development and extraction, while enjoying the benefits thereof.

People: “Naw… let’s just extract and ship every drop of LNG and Oil we have over to China, lets forget about our future generations… “

Who said every drop of oil and gss needed to be shipped to China? Certainly some should, for the right price. It falls under the category of trade. Nothing that many other countries aren’t engaged in.

JohnnyBelt, your choice of the word ‘hoarder’ is more revealing than you might think. There is a wide range of actions between being a hoarder and a unthinking waster/spender. Like, oh, let’s say, prudent stewardship for instance?

So if I choose to save as much as possible of my income and spend as little as I have to, I am now a “hoarder” (bad), instead of being a saver (good) and a “good steward” my personal resources.

Because, of course, if I save my money it isn’t in circulation to help the economy so … that’s a bad thing.

My, how far times have changed.

I wish there was an ‘edit’ option on this site. :-(

That last sentence should read…
“My, how times have changed”.

JB states; “Who said every drop of oil and gas needed to be shipped to China? Certainly some should..” some of what?

In order to determine how much some is, shouldn’t we know just how much LNG we have. But, like our forest inventory we apparently do not know what our LNG inventory is.

Oh well, we are selling our LNG resources lock stock and barrel with no controls in place anyway. This interesting read spell out how other countries like Norway and Malaysia are going about managing and sell their LNG resources in the best interests of their countries.

http://www.vancouversun.com/business/bc2035/exports+Time+tame+elephant/8572527/story.html