Painted Pony Pete Ltd PDPYF

RE:RE:RE:SHELL Selling it's Stake in Oil Sands

[fergus2]

Doji I saw the Jameson Burkow clip re Shell on BNN this evening. I had forgotten that Total and Statoil had pulled up stakes and left as well. That was my oversight and I apologize. Canada needs more companies like Shell in the oil patch not fewer. I felt Williams of Suncor made a mistake last year with Canadian Oil Sands for the same reason.

Obama and his advisors knew that if they kept postponing and delaying the Keystone (8yrs) that it would inflict the desired damage in the oil sands. He didn’t come right out and say no Keystone and one felt there just might be justifications for the delays. But in the end those purposeful delays hurt the oil sands pure and simple. Trudeau’s policy seems to parallel that of Obama. Putting on the carbon tax ahead of a U.S decision on that matter was a strategic blunder. I’m not a liberal but the liberal party does have considerable experience and depth when it comes to governing but it might be a leap to expect them to change their position on the carbon tax to bring it in sync with the Americans. In this issue we must shadow the Americans. But the oil biz is tough enough without piling politics on top of it along with serious restrictions in pipeline capacity and a carbon tax. These are just some of the factors that are causing the exodus of companies from Alberta. Threading the needle on the politics of these issues either for Obama or Trudeau was and is not easy and no doubt it will be the same for Trump. None of these people leave office with anywhere near their elected popularity.