The Strait of Hormuz is irrelevant because fossil fuels should have been abandoned as soon as the greenhouse gas effect had been accepted by science.
r10tm4ch1n3 on
How would, this be possible. Over 80% of the entire oil & gas infrastructure is owned by the Big 4 (shorthand name) foreign companies. 73% foreign owned, 60% American-owned. Alberta gov’t sold out their people in the 70s by dissolving their sovereign fund (Norway-esque) in the name of kickbacks and privatization.
Plus, these companies and subsidiaries dont pay their share of taxes and often go unpunished. The entire industry creates a shitload of jobs but the big money is funnelled across the border for maximum shareholder value and buybacks.
The only way would be to nationalize ALL our resources in the name of national security. Canada has capitulated to foreign money every single time a conservative govt gets in power in either Provincial or Federal.
There needs to be a multilateral party strategy to tackle this as Canada unties the economy from the US.
CertainCertainties on
Purely from an economic perspective, Canada appears to have been complacent regarding the phenomenal growth in Asia.
Here in Australia, we have a continent of resources and can’t keep up with demand. Yet we notice that Canada has been strangely absent from the Asia market in so many areas that could be of benefit to them. It’s great to see the incredible efforts of PM Carney to remedy this, but if your infrastructure isn’t pointed towards Asia it’s hard to get your product there, and building infrastructure takes years.
Venezualan oil will always compete with Canadian oil, and Venezuela’s is cheaper. If the Venezuelan government keeps cooperating with Washington, they will become Americans new best friend.
This will be great for the Venezuelan economy, it’ll mean a lot more money coming in, and no sanctions. But it also means Canada will get the cold shoulder.
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The Strait of Hormuz is irrelevant because fossil fuels should have been abandoned as soon as the greenhouse gas effect had been accepted by science.
How would, this be possible. Over 80% of the entire oil & gas infrastructure is owned by the Big 4 (shorthand name) foreign companies. 73% foreign owned, 60% American-owned. Alberta gov’t sold out their people in the 70s by dissolving their sovereign fund (Norway-esque) in the name of kickbacks and privatization.
Plus, these companies and subsidiaries dont pay their share of taxes and often go unpunished. The entire industry creates a shitload of jobs but the big money is funnelled across the border for maximum shareholder value and buybacks.
The only way would be to nationalize ALL our resources in the name of national security. Canada has capitulated to foreign money every single time a conservative govt gets in power in either Provincial or Federal.
There needs to be a multilateral party strategy to tackle this as Canada unties the economy from the US.
Purely from an economic perspective, Canada appears to have been complacent regarding the phenomenal growth in Asia.
Here in Australia, we have a continent of resources and can’t keep up with demand. Yet we notice that Canada has been strangely absent from the Asia market in so many areas that could be of benefit to them. It’s great to see the incredible efforts of PM Carney to remedy this, but if your infrastructure isn’t pointed towards Asia it’s hard to get your product there, and building infrastructure takes years.
In looking for a few sources – and to check to see if my view is ill-informed – I found this article that expands on some of these points: https://www.cigionline.org/articles/why-asia-must-become-the-next-frontier-for-the-canadian-economy/
Venezualan oil will always compete with Canadian oil, and Venezuela’s is cheaper. If the Venezuelan government keeps cooperating with Washington, they will become Americans new best friend.
This will be great for the Venezuelan economy, it’ll mean a lot more money coming in, and no sanctions. But it also means Canada will get the cold shoulder.