Canadian Money Forum banner
781 - 800 of 1048 Posts

·
Registered
Joined
·
4,799 Posts
Lol…..good luck when the trailer starts to sway. Seen a few trailers overturned in the ditch over the years.

There is more to it than engine size or vehicle weight….like the frame, tranny,radiator, brakes, hills, wind.

I doubt that rig would be able to chug through northern Ontario.
You're not always right -

But this time, you are.
 

·
Registered
Joined
·
19,578 Posts
In Ontario it is routine for the OPP and MOT to pull vehicles pulling trailers and U-hauls into the parking lots for a mechanical check.

A mechanic there told me that U-hauls are in the worst shape and they just take them off the road....as well as any other unsafe or illegal trailering hookups.

With Canada Day long weekend coming up........they are going to be very busy.
 

·
Registered
Joined
·
19,578 Posts
Here is the reason the US isn't interested. I doubt Republicans are either.

They want the US to produce more oil domestically and they have the capability to do so.

“I don’t see it as a short-term measure to address the current situation,” U.S. Treasury Secretary Janet Yellen said about Keystone XL at a press conference in Toronto this week with Canadian Finance Minister Chrystia Freeland. “And longer term, we remain committed to our climate change objectives.”
 

·
Registered
Joined
·
19,578 Posts
I think we need to focus on securing oil production for a "made in Canada" low price for Canadians, but that will require nationalizing the industry.

Access to oil is a valid national security concern, as we have discovered with other resources and commodities.

Canadians should be asking.......why are we paying world prices for our own oil ?
 

·
Registered
Joined
·
2,999 Posts
Well, good for them. By not bringing infrastructure, pipelines, and export facilities - they pushed Europe back to coal.
#ClimatePlan for the win!

And the answer to your question on why we pay global prices for gasoline (not for oil, we actually sell oil cheaper than global price) is because we haven't built infrastructure to transport, refine, and distribute oil
 

·
Registered
Joined
·
19,578 Posts
I agree.....we don't have the infrastructure because we relied on private industry to build it for us.

If the government is going to build it....as they are the TM pipeline......Canadians should be the chief beneficiaries of doing so.

Provinces would be more likely to support inter-Provincial infrastructure crossing their land if they benefited from it.
 

·
Registered
Joined
·
2,999 Posts
I know, but it is worth pointing out because Freeland goes around lying saying our debt is better than majority of countries, best in G7, etc.
In the meantime she uses net debt for Canada and gross debt for other countries as comparison.
Sadly, it is rarely mentioned in articles that it is apples vs oranges comparison.
 

·
Registered
Joined
·
19,578 Posts
Well...........isn't that something ?

I would never have believed that a CPC leader would say that Trudeau wasted taxpayer money to buy the TM pipeline, but that is exactly what CPC leader Candice Bergen said on CTV's Power Play show on Sunday.

If that is the direction the CPC party is heading, western Canadians should consider voting for the Liberals in the future.
 

·
Registered
Joined
·
2,999 Posts
It really isn't anything.

He is right. We had that discussion couple weeks ago.
The rules government created made Canada a country that is terrible to invest in.
Investment here in projects with long ROI and massive regulatory red tape is poor investment so private investors backed out.
So instead of fixing the rules and removing the red tape, Trudeau spent money on poor investment.

We had this discussion already. Instead of fixing a problem, Trudeau threw money away and didn't fix anything - modus operandi of current government
 

·
Registered
Joined
·
19,578 Posts
So you believe average voters will agree with the same loose connection, or that Trudeau made a mistake because pipelines are a bad investment ?

My personal belief is the government should focus on creating a domestic supply of fuel for Canadians at a much reduced price.

A lower cost of fuel in Canada would be a tremendous competitive advantage to attract new businesses as well.
 

·
Registered
Joined
·
7,182 Posts
My personal belief is the government should focus on creating a domestic supply of fuel for Canadians at a much reduced price.

A lower cost of fuel in Canada would be a tremendous competitive advantage to attract new businesses as well.
You mean like Venezuela? Lots of cheap domestic fuel and socialism for you there

You really do live under a mattress don't you
 

·
Registered
Joined
·
2,999 Posts
So you believe average voters will agree with the same loose connection, or that Trudeau made a mistake because pipelines are a bad investment ?

My personal belief is the government should focus on creating a domestic supply of fuel for Canadians at a much reduced price.

A lower cost of fuel in Canada would be a tremendous competitive advantage to attract new businesses as well.
No, pipelines in Canada are bad investment - largely because of Trudeau.
Pipelines by themselves are a great investment, just simply not in Canada because regulations here are ridiculous and make business investment with long payback time in Canada a poor decision.

The correct approach is to change the regulations so then infrastructure becomes a good investment.

There is a very easy way to have lower cost of fuel in Canada - drop carbon tax, drop federal tax, drop provincial taxes on fuel. Boon --> 30-50% discount on fuel instantly
 

·
Registered
Joined
·
2,342 Posts
Discussion Starter · #799 ·
No, pipelines in Canada are bad investment - largely because of Trudeau.
Pipelines by themselves are a great investment, just simply not in Canada because regulations here are ridiculous and make business investment with long payback time in Canada a poor decision.

The correct approach is to change the regulations so then infrastructure becomes a good investment.

There is a very easy way to have lower cost of fuel in Canada - drop carbon tax, drop federal tax, drop provincial taxes on fuel. Boon --> 30-50% discount on fuel instantly
I agree that the current environment is not pipeline friendly due to taxation and legislation. Now that debt, inflation, cost of living, and amount of Canadian dollars have all ballooned how does the Canadian government get reinvestment into pipelines and the Canadian economy in general. This is not meant to be a pro Conservative or Liberal post as both Trudeau and Harper made great progress in this area. Some would argue (not me) that the lack of environmental regulation and failure to meet previous greenhouse emission targets in the Harper area branded Canadian oil as dirty and undesirable. I think the current government believes it can spend its way out of any problem and that is getting very tiresome.

National Debt Comparisons: Real-Time World Debt Clocks By Country - Commodity.com

Canada Money Supply M0 - May 2022 Data - 1955-2021 Historical - June Forecast - Chart (tradingeconomics.com)
 

·
Registered
Joined
·
2,999 Posts
Yeah, because Canadian oil has such an awesome reputation now after 7 years of Liberals.....
Branding is not a problem - it is a commodity. Hell, even Russia has no issues finding market for their oil.
Red tape and infrastructure is a problem.
Look at the TransMountain pipeline by itself. It could have been completed 6-7 years ago. With crazy inflation and IRR metrics chosen that would have absolutely IMMENSE effect on ROI calculation, making the project an absolute no brainer vs a waste of money.
Energy East would have been absolute goldmine. LNG terminals in both east and west coast would be printing money and increasing GDP and well being of Canadians substantially.

The problem is not unique to Canada. In US, there is a pipeline to Appachalian region that is 92% complete - the remaining 8% is in court and will not be completed for years.
So gas production increase is not possible and Europe/Asia/Africa remain slaves to Russia - thank you climate change activists, Ukrainians are thankful
 
781 - 800 of 1048 Posts
Top