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Sorry Albertans, stuff your fossil fuel


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What strikes me as significant is that Venezuela should be one of the richest countries in the world.  Caracas should be similar to Dubai.  Instead there are shortages of basic consumer commodities, high child mortality, poverty, hyperinflation, malnutrition, high rates of serious crime and over 3 million people have fled the country in the last few years.

If socialism can't be made to work in a country that actually has the resources to support expensive social programs how could it ever be made to work in poor countries?

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Canada will need more electricity capacity if it wants to hit its climate targets, according to a new report from a global energy agency. The International Energy Agency (IEA) report, released Thursday morning, offers mainly a rosy picture of Canada's overall federal energy policy. But the IEA draws attention to Canada's increasing future electricity demands and ultimately calls on Canada to leverage its non-emitting energy potential to hit its climate targets. The IEA notes that Canada has one of the cleanest energy grids globally, with 83 per cent of electricity coming from non-emitting sources in 2020. But the report warns this is not a reason for Canada to rest on its laurels. More electricity will be needed to displace fossil fuels if Canada wants to hit its 2030 targets, the report states, and "even deeper cuts" will be required to reach net-zero by 2050. "Perhaps more significantly, however, Canada will need to ensure sufficient new clean generation capacity to meet the sizeable levels of electrification that its net-zero targets imply."  Read more on this story.

 

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Looks like someone will want our oil and perhaps pay even world market prices. 

IEA head says Canadian oil can be part of transition if it gets cleaner

By Staff  The Canadian Press
Posted January 13, 2022 3:33 pm

The executive director of the International Energy Agency says Canadian oil and gas can be part of the transition to a clean-energy future if the industry can cut its carbon footprint.70c8fc80

A new IEA report on Canada’s energy industries praises the country for pushing toward net-zero emissions by 2050 but warns the challenge facing Canada as an oil and gas-producing country is immense.

READ MORE: Oil companies ask Canada to pay for 75% of carbon capture facilities

IEA executive director Fatih Birol says the estimate is there will still be about 25 million barrels of oil needed daily in 2050, down from about 100 million today.

Birol says he wants that oil to be supplied by reliable countries like Canada that invest to produce it more cleanly.

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David Staples: How did Alberta survive wicked cold snap? Thanks for nothing, solar power

David Staples, Edmonton Journal  25 mins ago© Provided by Edmonton Journal Six hundred solar panels have been installed on the roof of of the Southland Leisure Centre in Calgary.
Old school green activists like Canada’s new Environment and Climate Change Minister Steven Guilbeault fantasize about a world powered by solar and wind energy.

But just how would that utopian green vision play out during the coldest days of the Canadian winter?

For example, how close would a solar and wind-dependent power grid have come to giving us the electricity we needed during the three-week freeze in Alberta where the average temperature was -22 C from Dec. 15 to Jan. 9?

Alberta sleuth Ian Mackay, an oilfield information technology specialist in Lacombe, has the answer. Mackay scrapes data from the website of the Alberta Electric System Operator (AESO), a not-for-profit organization that manages and works with industry to operate the provincial power grid.

Alberta needs a supply of about 10,500 MW (megawatts) on average, said Mackay. If they are running at maximum capacity, solar can provide 736 MW and wind 2,269 MW.

Sounds impressive, right? That’s about 30 per cent of Alberta’s electrical power needs. But during Alberta’s recent biting cold days, solar ran at just 2.64 per cent of maximum capacity, the amount each panel would produce if it operated at full efficiency around the clock each day.

 %7BAlberta power sources during recent cold snap

As for wind, it ran at 29.5 per cent of maximum capacity.

If we had been reliant on far more solar and wind, how would we have done?

“You’d have to start with rolling blackouts or brownouts,” Mackay said. “If we lost the bulk of our generation, there’d be a lot of people dying.”

But, of course, good, old reliable fossil fuels came to the rescue. Alberta’s gas generators, which have the capacity to produce 10,166 MW, operated at 71 per cent. Coal, which can now produce a maximum of 1,729 MW, operated at 87.5 per cent.

In total, during the three bitter weeks, gas provided 69.7 per cent of our power, coal 18.7 per cent, wind 6.4 per cent, biomass 2.7 per cent, hydro 1.6 per cent, dual fuel (coal-gas co-generation) 0.7 per cent, and solar just 0.1 per cent.

Thanks for nothing, solar power.

Mackay is a fan of solar power for some applications, just not when it comes to providing base load power, the kind needed to power a modern, prosperous consumer and industrial economy.

“I think solar is great for a lot of things,” he said, mentioning its utility for camping and cabins. “I just don’t think it’s great for powering a province.”

Mackay started to scrape power data about eight years ago to better understand how wind power impacted the power grid. Five years ago, he created a Twitter account, @ReliableAB , to publish the numbers every hour, with the tweets generated automatically.

Government seems more attuned to what people want to hear, rather than going on facts, Mackay said, so his goal is to present a constant flow of facts for people. “They can make up their own mind and conduct some critical thinking.

“Hopefully we will get more honesty from government that way. Everything seems so lop-sided to me. We constantly hear that Alberta has the greatest opportunity for solar generation because we have as much sun here as some places in Florida. But that’s obviously not true when you look at generation charts over the course of the winter. It just doesn’t happen.”

Wind usually averages about 38 per cent of maximum capacity, while solar averages 15 to 18 per cent, Mackay said.

Coal and gas averages fluctuate as their plants are powered up and down to make up for the unreliability of the wind blowing and the sun shining.

Mackay isn’t and doesn’t claim to be an expert on power regulation, generation or pricing. He can’t speak to the overall economics of these various power sources, but it’s evident to him that there’s no way right now Alberta can get by without gas, and that whatever solar and wind we have, we need to have to able to instantly replace all their capacity when the sun doesn’t shine and the wind doesn’t blow if we want to have reliable power.

When advocates for solar power like Guilbeault now argue we should let the market decide on solar and wind versus gas or nuclear, they conveniently leave out this fact, this gargantuan cost to having a complete and highly efficient backup system in place to stand in for iffy renewable sources.

But some power source must turn on our lights and charge our cellphones.

For now, in Alberta, it’s mainly gas and coal, and after the hardship of this last cold spell I can only give thanks to our reliable energy and worry about the current infatuation with unreliable renewables.

dstaples@postmedia.com

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The following article will of course raise the question re why the prices are so high and why can we not get reduced prices. 

1. As the title of this thread states, you don't want our oil so why the hell would you expect to reap it's benefits? 🙃 However all Canadians will share some of the benefits due to the increased federal tax revenue.

2. As a Province we may achieve a balanced budget from this new money and then be able to afford more benefits and jobs for our citizens, along with those who commute here from other provinces to work. (win / win) for all.

3. Re the cost, that is of course based on the world market. At the retail end, it varies greatly from Province to Province, City to City.

Quote

Canadian oil and gas producers are awash in cash for the first time in years, thanks to crude prices that have surged back to multi-year highs after their collapse early in the pandemic. Revenues are expected to reach record levels this year if oil prices stay high, coming on the heels of a long stretch of belt-tightening and spending restraint across the industry. The sting of a sharp downturn in the spring of 2020 is now largely in the rear-view mirror, as industry leaders find themselves in the enviable position of deciding what to do with the money gushing into company coffers. Analysts, investors, politicians and climate-focused groups are now watching to see what companies will do with the cash, particularly to see if they will use it to boost their production, cut their emissions, reduce their debt or increase their dividends and share buybacks. Read the full story here.

 

 

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Environmentalists claim that by opposing the Coastal GasLink pipeline, they are supporting local Indigenous people.

They will never tell you that ALL of the elected band councils along the pipeline's route support the project.

2D04F583-22B9-4DDB-BACB-0079F05DEC02.jpeg

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5 minutes ago, Jaydee said:

Environmentalists claim that by opposing the Coastal GasLink pipeline, they are supporting local Indigenous people.

They will never tell you that ALL of the elected band councils along the pipeline's route support the project.

2D04F583-22B9-4DDB-BACB-0079F05DEC02.jpeg

The only ones who are against are some "Traditional Chiefs" (non elected of course).  

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15 minutes ago, Falken said:

The 40 Billion of our money that Trudeau just gave them should appease them somewhat! 

Logic would dictate, but since logic no longer exists, my bet says they will be back hands wide open screaming discrimination about something sooner rather than later.

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Looks like the frauds of the world are determined to reject any new possibility of a potentially relatively simple solution. One has to wonder why. Perhaps it would interfere with their ulterior motives of ending capitalism piece by piece:

 

https://www.msn.com/en-ca/weather/topstories/blocking-the-sun-s-rays-too-risky-to-consider-as-climate-change-solution/ar-AATf3ea?ocid=msedgntp

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53 minutes ago, Junior said:

Looks like the frauds of the world are determined to reject any new possibility of a potentially relatively simple solution. One has to wonder why. Perhaps it would interfere with their ulterior motives of ending capitalism piece by piece:

 

https://www.msn.com/en-ca/weather/topstories/blocking-the-sun-s-rays-too-risky-to-consider-as-climate-change-solution/ar-AATf3ea?ocid=msedgntp

Sometime, simple can indeed be stupid. History shows that the last time the suns rays were blocked the results, combined with some other factors, were an ice age...... so maybe those opposed are correct to be concerned.

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23 minutes ago, Kargokings said:

Sometime, simple can indeed be stupid. History shows that the last time the suns rays were blocked the results, combined with some other factors, were an ice age...... so maybe those opposed are correct to be concerned.

A factor to be taken into consideration for a study on such a thing. Remember, we are being told that the world as we know will be coming to an end. I would say that such a dire scenario justifies looking into ways to prevent such a tragic event from happening.

 

The first step may be to avoid putting volcanic ash in the atmosphere.

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10 minutes ago, Junior said:

A factor to be taken into consideration for a study on such a thing. Remember, we are being told that the world as we know will be coming to an end. I would say that such a dire scenario justifies looking into ways to prevent such a tragic event from happening.

 

The first step may be to avoid putting volcanic ash in the atmosphere.

Good luck with that........  

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18 minutes ago, Jaydee said:

TRUDEAU 8.5 million trees….he promised 2 BILLION.

Oil Sands 26 MILLION.

Ya Ya….we know….It’s all Harpers fault 🤣

277475BF-65B6-42A4-96F0-FD8C5563D39C.jpeg

Damn, profit driven, overpaid corporations.  Vs "sunny days" Government promises. 🙃

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However, the Lone Star state still faces challenges later this week such as icing on turbines and snow and sleet that could impede solar generation, Rogers said. Overall temperatures could run about 25 to 30 degrees below normal in some places, although the cold snap will only last 2 to 3 days, whereas a year ago it lingered much longer

 

Texas electricity prices spike with cold front set to test grid

Demand on the grid operated by Texas’s Electric Reliability Council is forecast to peak at 71,806 megawatts on February 4.

electri.jpg?resize=770%2C513
Memory of last year's extreme cold and blackouts crisis in Texas is creating a fear premium on electricity prices for coming days, when a deep chill is expected to descend on the United States state, according to several traders [File: Phil Noble/Reuters]
By Naureen S. Malik and Brian K. SullivanBloomberg
Published On 1 Feb 20221 Feb 2022
 

Texas electricity prices surged to more than $1,000 a megawatt-hour for Friday when demand is forecast to hit a winter record in the biggest test since extreme cold and blackouts killed hundreds almost a year ago.

Demand on the grid operated by the Electric Reliability Council of Texas, or Ercot, is forecast to peak at 71,806 megawatts on the morning of Feb. 4, a level that has never been seen outside the summer season before. In February 2021, demand was poised to climb to an all-time high before widespread outages darkened the second-largest U.S. state for days

Memory of that crisis is creating a fear premium for coming days, when a deep chill is expected to descend on Texas, according to several traders. On-peak power for Ercot’s North hub, which includes Dallas, closed at $800 for Feb. 4 on the Intercontinental Exchange after topping $1,000 in trading Monday, traders said. By comparison, Wednesday power fetched $60 and Thursday almost $560, a trader said.

Testing Records

A massive storm set to sweep the central U.S. has left nearly two-thirds of Texas under winter-storm watches and weather advisories, as temperatures are set to plummet from highs in the upper 60s Fahrenheit (20 Celsius) on Tuesday to 14 degrees in Dallas Thursday night and 10 in Midland. A wide area of Texas, including Dallas and Fort Worth, are expected to get a mix of ice and snow, the National Weather Service said.

“This is the strongest cold event so far this winter, but not nearly as cold as last winter,” said Matt Rogers, president of the Commodity Weather Group.

However, the Lone Star state still faces challenges later this week such as icing on turbines and snow and sleet that could impede solar generation, Rogers said. Overall temperatures could run about 25 to 30 degrees below normal in some places, although the cold snap will only last 2 to 3 days, whereas a year ago it lingered much longer.

“Dallas should bottom out at 13 Fahrenheit, which is well below normal, but not last year’s -2 Fahrenheit,” Rogers said.

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Climate change: EU moves to label nuclear and gas as sustainable despite internal row

Climate change: EU moves to label nuclear and gas as sustainable despite internal row - BBC News

 

Nuclear and natural gas energy plants could be counted as "green energy" under controversial EU plans just unveiled.

The European Commission says it has decided that both types of energy can classify as "sustainable investment" if they meet certain targets.

But the move has divided the EU, and been fiercely opposed by some members.

Austria's chancellor responded to the news by saying "nuclear power is neither green nor sustainable".

"I cannot understand the decision of the EU," Karl Nehammer said.

He said he would back his environment minister, Leonore Gewessler, in pursuing legal action at the European Court of Justice if the plans go ahead.

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Seems that some folks do want our oil.  👍👏

Canadian oil barrels head out of the U.S. Gulf in record numbers

By Stephanie Kelly and Nia Williams - Yesterday 11:19 p.m.
 
image.png.7b06acf124d63b08dd077042da57ad2b.png

By Stephanie Kelly and Nia Williams

NEW YORK/CALGARY (Reuters) - Canadian oil companies exported a record amount of crude out of the U.S. Gulf Coast at the end of 2021, a trend that should continue in coming months, as tight international oil markets are in need of the nation's heavy, sour crude.

These barrels are hitting the Gulf thanks to new pipeline connections and expansions that just came online last year, and are meeting surging global demand that has pushed oil prices to seven-year highs. Major producers, including the Organization of the Petroleum Exporting Countries and allies including Russia, are struggling to raise output, along with traditional providers of heavy crude like Venezuela and Mexico.

By contrast, Canada's oil sands production is at a record 3.5 million barrels a day. Most of that is exported to use in the United States, but a growing number of barrels are transiting the country to the U.S. Gulf Coast, where it is then re-exported.

In 2021, Canadian exports from the U.S. Gulf Coast averaged more than 180,000 bpd, reaching nearly 300,000 bpd in December, a record, according to Matt Smith, Kpler's lead oil analyst for the Americas. That's up from roughly 70,000 bpd in 2019 and 2020. The accelerated pace is expected to continue in 2022.

Those barrels are primarily going to big importers India, China and South Korea - in part to offset for the loss of Venezuelan barrels, which is under U.S. sanctions and dealing with years of underinvestment.

Canadian producers have benefited from changes in pipeline infrastructure that make it easier to ship to the Gulf Coast, the largest U.S. export hub, where more than 3 million barrels ship out every day.

The Capline Pipeline, whose owners include Plains All American Pipeline and Marathon Petroleum Corporation, reversed flows in 2021, sending more oil from Patoka, Illinois, to terminals in St. James, Louisiana.

In October, Enbridge Inc doubled the capacity of its Line 3 pipeline, which carries oil from Edmonton, Alberta, to the U.S. Midwest.

The demand is helping support prices in Alberta, where benchmark Canadian heavy crude is currently trading around C$13.50 a barrel, said Tudor Pickering Holt analyst Matt Murphy.

"As we get more exposure to global markets that's backing up into western Canada," Murphy said. "The industry as a whole benefits."

Companies benefiting from increased Gulf exports are those that have dedicated capacity on pipelines carrying Canadian crude, including MEG Energy, Cenovus Energy and to a lesser extent Suncor Energy, Murphy said. MEG expects to sell about two-thirds of its estimated 2022 production of 95,000 bpd, into the Gulf Coast.

(GRAPHIC: Canadian oil exports from the U.S. Gulf https://graphics.reuters.com/USA-OIL/CANADA-EXPORTS/akveznyjapr)

(Reporting by Stephanie Kelly in New York and Nia Williams in Calgary, Editing by Alexandra Hudson)

 
 
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