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Economics Is Simple. When Will We Learn?
Topic Started: Oct 17 2005, 05:27 AM (292 Views)
cmoehle
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Chris - San Antonio TX
Canada tells China could ship 450,000 bpd in 6 yrs
Quote:
 
OTTAWA (Reuters) - Canada could export up to 450,000 barrels per day of crude oil to China from northern Alberta's oil sands in the coming six years, Canadian Natural Resources Minister John McCallum said on Saturday.

China's president expressed interest in Canada's oil sands in talks earlier in the day, according to McCallum.

He said he would have been "energetic" in offering crude under normal circumstances but was "super energetic" given Canada's trade problems with the United States.

"As the prime minister made very clear, we are very serious about the United States respecting the rules of NAFTA (North American Free Trade Agreement)," McCallum told reporters on a conference call from China....


Free trade rules!
Politics is the art of achieving the maximum amount of freedom for individuals that is consistent with the maintenance of social order.
--Barry Goldwater
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DanHouck
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Land of Enchantment NM
And they'll be buying it with our money, because we don't manufacture anything for ourselves anymore. FWIW.
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corky52
Member
We won't have the money to buy the oil then any way. Hope the Canadians are planning on selling them beef as well. I wonder how many million Chinese immigrants per year will be part of the deal?
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jackd
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Member
Chris...... you'll remember at least a year ago when I said Canada would be looking for new business partners if the U.S. did not want to play fair game and abide by the NAFTA treaty they signed. It is now happening
As it now stands, Canada is the number 1 energy (crude oil, natural gas and electricity) supplier to the U.S.
As soon as the Alberta/Pacific pipeline becomes operational, oil, and eventuelly natural gas will start flowing to new markets (Pacific rim) and the U.S. will have no choice but to rely even more on their Middle East ''friends'' for their supply.
The 450,000 barrels refered to in the clipping you posted is a relatively low number, dictated by the pipeline capacity being built. Terasen (the pipeline owner) is already making plans to increase the pipeline capacity which would cut Canadian supply to the U.S. in half.

In the mean time, major contractors hired to rebuild New Orleans are asking for long discounts from Canadian soft wood producers to supply very large orders of construction grade wood while the 25% tarriffs are still in place despite court rulings. :wait:
Walk in front of me, you lead me,
Walk behind me, I lead you
Walk beside me, you are a friend.
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kajtek1
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Kris, CA
From what I know Chinese eat pork mostly and some other stuff, that I don't want to know about.
US has tendency to force lot of trades, so it would be interesting how this one will develop.
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puli-one
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Corky: At the rate the US is borrowing money from China and few other countries, I can't see where they have many muscles to flex against those markets. Protectionism in the market place does not nor will it ever work, think about it, if you have something to sell and the buyer down the street says no thanks- if you want to survive you go to the next street.
Don & Donna
Puli Pup - Kelly
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roscoe
Member
We buy much of our stuff from China ( Still a commie pinko country :) ) and South Korea makes most of our tv, air conditioner, washing machines etc. and they don't even wan't us there along with many of our wearable items being produced in very low wage countries that have little or no benefits.

I've heard it's globalization and free trade and many who think We are too highly paid and just can't compete.I guess I can understand the reasoning.

But why can't We buy cheaper lumber from Canada rather than purchas it from those that mill it here.

What happened to the free market. Competitition will tighten up our lazy workforce i've been told as all our jobs go offshore.Why should the lumber business be any different than buying a toaster from guam or a sweatshirt from pakistan.

Lets let Canada supply us with less expensive building materials and lower the cost of our housing and general construction business.Seems only fair.

Woodsy the snow owl can have a better habitat, and the enviromentalists can climb down from the trees.
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corky52
Member
Puli,
Should get fairly interesting, Albertans will make good money, but where will the rest of Canadians make money? U.S. is so far in hock that sooner or later the credit is going to run out, not much Canada can sell to China other than raw goods. You don't have to be protectionist when you have no money!
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kajtek1
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Kris, CA
roscoe
Oct 17 2005, 09:04 AM

What happened to the free market.

It never existed.
About 20 years ago I was checking Mercedes prices. New Mercedes at Frankfurt dealer's window cost then $10,000. The cheapest one available in US was about $26k.
I worked in US steel industry at the beginning. The mess and waste I worked in was unbelievable. Nothing, that I could ever see in communism. Took me a while to figure out how the US industry can survive with such a bad management, till somebody told me, that imported steel is having 40% custom tax.
What would happened to US automotive industry decades ago, if the Mercedes were cheaper, than Lincolns and Toyotas cheaper, than Chevys?
Artificially enforced economy postponed the logic market rules to work, but we are getting them now in accelerated rates.
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cmoehle
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Chris - San Antonio TX
"What happened to the free market. "

Oh, it's alive and well in Canada, time the US returned to what made it once a great nation.


Jack, I do remember. Maybe you all can wake us back up to the benefit of both.
Politics is the art of achieving the maximum amount of freedom for individuals that is consistent with the maintenance of social order.
--Barry Goldwater
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jackd
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Corky:
Quote:
 
Albertans will make good money, but where will the rest of Canadians make money?

Alberta won't be making more money than what they now enjoy.
The new pipeline will give Albertan oil producer access to a new market (China) instead of having to rely on only one customer (U.S.A.) who is not the easiest customer to deal with.
In addition, with the weakening $US, Canadian producers want to spread their currency risks and start to deal with currencies other than the $US (eg: YEN, EURO)
The U.S. will eventually have to realize they can't dictate their wished across the board without having to face the consequences.


Walk in front of me, you lead me,
Walk behind me, I lead you
Walk beside me, you are a friend.
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corky52
Member
And Canadians will learn what it is not to have protected market status! Care to think which will be more painful? As the U.S. goes broke, life will have to adjusted up there as well, how much of your trade goes south in to a market with similar wage rates? Canadian that don't have oil to sell may find the wages of the world not to their liking.

You really believe that with more shipping capacity the Albertans won't be pumping and selling more oil?
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5thwheeler
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Get the message?
DanHouck
Oct 17 2005, 05:31 AM
And they'll be buying it with our money, because we don't manufacture anything for ourselves anymore.  FWIW.

The US in the worlds third largest exporter, I'd say thats amazing for a country that doesn't make anything anymore. So what are we exporting thats worth so much money? Must be something we make, can't get much for Bull **** these days.

By the way, China is right behind us, but if you broke it down and listed it by per capita, they would be way down the list.

Warning Dan, the web site below is put out by our very own CIA., can we trust its data?

http://www.cia.gov/cia/publications/factbo...r/2078rank.html
History 101: When a popular myth is believed to be factual, teach the myth.

Its not possible to underestimate the intelligence of the voting populous.

Hummm, after seeing the results of the 06 election, I may have to modify my perception of the voting populous and refer to them as "Late Bloomers".

:ohmy:
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5thwheeler
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Get the message?
Canada has a higher standard of living then the US, they must be doing something right. Any ideas to why they are living better up there?
History 101: When a popular myth is believed to be factual, teach the myth.

Its not possible to underestimate the intelligence of the voting populous.

Hummm, after seeing the results of the 06 election, I may have to modify my perception of the voting populous and refer to them as "Late Bloomers".

:ohmy:
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roscoe
Member
Start with Uh...Tanks. Bellybuster bombs etc.

Lets take all our nukes and aim them all over the planet. Warn everyone to leave us be become nicey nice with South America along with Mexico and live happily ever after.
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