A Govt trifecta is guaranteed survival...."After an amazing string of dry holes, Imperial Oil’s management and specialists met with advisers from Standard Oil of New Jersey to determine a course of action.
The group decided to make one final exploration effort in Alberta. Beginning in 1946, Imperial’s seismic crews conducted surveys between Edmonton and Leduc, a small farming town thirty miles south of the city. Although the geophysical techniques used to conduct oil surveys were still somewhat primitive, they revealed a weak but nonetheless promising subsurface anomaly.
Desperate after decades of failure, Imperial’s management approved drilling the anomaly, which lay fifty miles from the other closest well.
Drilling started on November 20, 1946; results initially suggested that it was most likely a gas well, but at 5,019 feet the drill began to show signs of striking oil. The long shot paid off when on the bitterly cold afternoon of February 13, 1947, Leduc No. 1 produced the first of its more than 259 million barrels of oil and 415 trillion cubic feet of natural gas.
* Canadian policies dovetailed with the general thrust of the Truman administration’s U.S. domestic and foreign oil policy
* control mattered because, by 1955, continental integration enabled American companies to oversee nearly 70 percent of Canadian crude production.
https://academic.oup.com/jah/article/99/1/166/854778
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* In 1962, the US government lent Quebec $300 million. The funds were used to acquire independent power companies
* Lesage government was re-elected on November 14, 1962 and Lvesque went ahead with the plan. On Friday, December 28, 1962 at 6 pm, Hydro-Qubec launched an hostile takeover, offering to buy all of the stock in 11 companies at a set price, that was slightly above market value: Shawinigan Water & Power, Quebec Power, Southern Canada Power, Saint-Maurice Power, Gatineau Power, la Compagnie de pouvoir du Bas-Saint-Laurent, Saguenay Power, Northern Quebec Power, la Compagnie lectrique de Mont-Laurier, la Compagnie lectrique de Ferme-Neuve and La Sarre Power.
After hedging their bets for a few weeks, management of the firms advised their shareholders to accept the C$604 million government offer.[8]
In addition to buying the 11 companies, most electric co-operatives and municipally owned utilities were also taken over and merged with the existing Hydro-Qubec operations, which became the largest electric company in Quebec on May 1, 1963.[2]
https://en.m.wikipedia.org/wiki/History_of_Hydro-Qu%C3%A9bec
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E3 Lithium --- think it's a coincidence our 1st 2 company additions after pilot start-up, are US based?
In E3 we have, a Trifecta of N.A. government survival mandates.
For US & Canada govt's, E3 is liquid mining & "Too big to fail".
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