The "Drillers" in the US need 50$ per barrel. The Saudi's have painted themselves into a corner.  They have kicked off costly mega projects. Just to keep going they need prices above 90$. Donalds 45$ goal not likely.

Alternatively, instead of "drill baby drill" the US should go by "swill baby swill". That way at least Johnnie Walker and the beer breweries would profit and the price of "booze" would be lower, longer term.

 

16 hours ago, swissie said:

The "Drillers" in the US need 50$ per barrel. The Saudi's have painted themselves into a corner.  They have kicked off costly mega projects. Just to keep going they need prices above 90$. Donalds 45$ goal not likely.

Alternatively, instead of "drill baby drill" the US should go by "swill baby swill". That way at least Johnnie Walker and the beer breweries would profit and the price of "booze" would be lower, longer term.

 

Drill baby drill was just another slogan for the gullible! 😆

It baffles me why Venezuala has the world's richest oil deposits, and also has a government so corrupt and incompetent it cannot utilize them properly. 5 million Venezualans have left the country.

 

The CIA has previous form in Chile, perhaps Trump should put them to work in Venezuala.

 

Cheaper oil, and less economic refugees. Win win. Beats trying to take over the territory of a NATO ally.

 

 

3 minutes ago, Lacessit said:

It baffles me why Venezuala has the world's richest oil deposits, and also has a government so corrupt and incompetent it cannot utilize them properly. 5 million Venezualans have left the country.

 

The CIA has previous form in Chile, perhaps Trump should put them to work in Venezuala.

 

Cheaper oil, and less economic refugees. Win win. Beats trying to take over the territory of a NATO ally.

 

 

One word. Socialism.

 

It ruins every single country that experiments with it. Some quickly others slowly.

Canada is catching the "drill baby drill" fever too, suddenly. Trudeau is pretending to be afraid of an American takeover, and is suddenly advocating new pipelines, new drilling, even more nuclear power.  Obviously trying to make our next election about Trump instead of about himself.  

It is a good idea really. Would you rather buy oil from democratic countries, or the head hackers in the Middle East? LNG from Russia or from Canada?  Oil isn't going away any time in the near future. 

4 minutes ago, Hanaguma said:

Canada is catching the "drill baby drill" fever too, suddenly. Trudeau is pretending to be afraid of an American takeover, and is suddenly advocating new pipelines, new drilling, even more nuclear power.  Obviously trying to make our next election about Trump instead of about himself.  

It is a good idea really. Would you rather buy oil from democratic countries, or the head hackers in the Middle East? LNG from Russia or from Canada?  Oil isn't going away any time in the near future. 

Pipelines where?

Just now, candide said:

Pipelines where?

One from Alberta west to British Columbia, called the Northern Gateway. Another across the country east to New Brunswick, called Energy East. 

 

One problem is that Canada's main pipeline producers like Enbridge are reluctant to take part, they got burned before in a maze of over^regulation and delays.  

12 minutes ago, Hanaguma said:

One from Alberta west to British Columbia, called the Northern Gateway. Another across the country east to New Brunswick, called Energy East. 

 

One problem is that Canada's main pipeline producers like Enbridge are reluctant to take part, they got burned before in a maze of over^regulation and delays.  

I see.SS

o it seems he wants to bypass U.S. pipelines

 

1 hour ago, Hanaguma said:

Canada is catching the "drill baby drill" fever too, suddenly. Trudeau is pretending to be afraid of an American takeover, and is suddenly advocating new pipelines, new drilling, even more nuclear power.  Obviously trying to make our next election about Trump instead of about himself.  

It is a good idea really. Would you rather buy oil from democratic countries, or the head hackers in the Middle East? LNG from Russia or from Canada?  Oil isn't going away any time in the near future. 

I'm not sure that the people who actually drill for oil or natural gas would agree with you. But as for Trudeau playing politics, first of all he's not running. And secondly, Canadians overwhelmingly don't trust the US anymore.

16 minutes ago, placeholder said:

I'm not sure that the people who actually drill for oil or natural gas would agree with you. But as for Trudeau playing politics, first of all he's not running. And secondly, Canadians overwhelmingly don't trust the US anymore.

Of course Trudeau is not running. But he IS trying to save his party from abject defeat in the upcoming election.  He is trying the well-used Liberal trick of fearmongering about the USA. And also trying to pave the way for his crony Mark Carney to win the leadership of the party and then the Prime Ministership. 

1 hour ago, candide said:

I see.SS

o it seems he wants to bypass U.S. pipelines

 

Of course, it is only logical. But the ideas have been around for years and he refused to consider them. Instead, he went balls in on 'green energy'. Also tried to usurp the provinces in their control of natural resources. Made it near impossible to open a refinery or LNG terminal.   

 

And now suddenly, he is Mr. Energy.  What a load of horse hockey.

21 minutes ago, Hanaguma said:

Of course Trudeau is not running. But he IS trying to save his party from abject defeat in the upcoming election.  He is trying the well-used Liberal trick of fearmongering about the USA. And also trying to pave the way for his crony Mark Carney to win the leadership of the party and then the Prime Ministership. 

 "He is trying the well-used Liberal trick of fearmongering about the USA." Are you kidding? Are you actually claiming that Canadians have nothing to fear from Donald Trump?

 

Underpinning the energy issue, the poll found 91 per cent of respondents think Canada needs to reduce its reliance on the U.S. as a trading partner

It found 79 per cent of Canadians agree the country needs to “ensure it has oil and gas pipelines running from sea to sea across the country.”...

Majority support was seen among Canadians of all ages, income and education levels, according to the online poll of 1,811 Canadians, conducted on Sunday and Monday.

https://calgaryherald.com/opinion/columnists/varcoe-canadian-support-sea-to-sea-pipelines-trump-tariffs-threat

2 hours ago, Hanaguma said:

Canada is catching the "drill baby drill" fever too, suddenly. Trudeau is pretending to be afraid of an American takeover, and is suddenly advocating new pipelines, new drilling, even more nuclear power.  Obviously trying to make our next election about Trump instead of about himself.  

It is a good idea really. Would you rather buy oil from democratic countries, or the head hackers in the Middle East? LNG from Russia or from Canada?  Oil isn't going away any time in the near future. 

And, no, Canada is not "catching the "drill baby drill" fever too". Its problem isn't the amount of oil or gas it produces. The problem is getting it to world markets unimpeded by the USA. This wasn't a rational fear until the advent of Trump 2.

33 minutes ago, placeholder said:

 "He is trying the well-used Liberal trick of fearmongering about the USA." Are you kidding? Are you actually claiming that Canadians have nothing to fear from Donald Trump?

 

Underpinning the energy issue, the poll found 91 per cent of respondents think Canada needs to reduce its reliance on the U.S. as a trading partner

It found 79 per cent of Canadians agree the country needs to “ensure it has oil and gas pipelines running from sea to sea across the country.”...

Majority support was seen among Canadians of all ages, income and education levels, according to the online poll of 1,811 Canadians, conducted on Sunday and Monday.

https://calgaryherald.com/opinion/columnists/varcoe-canadian-support-sea-to-sea-pipelines-trump-tariffs-threat

The current government has been anti-oil since they arrived.  Kind of suspicious timing that they suddenly are so much in favour of it now. 

 

It is no surprise that Canadians want more options regarding exports, that is only common sense. The fearmongering is all the hand-wringing about Trump invading, making Canada the 51st state, all that nonsense.  The common refrain of the left in Canada is "oh no, the Conservatives will bring in American style (insert issue here)".  Hence the Liberals now trying to distract people the same way. 

33 minutes ago, placeholder said:

And, no, Canada is not "catching the "drill baby drill" fever too". Its problem isn't the amount of oil or gas it produces. The problem is getting it to world markets unimpeded by the USA. This wasn't a rational fear until the advent of Trump 2.

The problem is both. They are not new issues, nothing to do with Trump. The current government has simply been ignoring them.

 

Plus the lack of refinery capacity to turn crude oil into useful products. And the federal government's hostility towards fossil fuels. 

Just now, Hanaguma said:

The problem is both. They are not new issues, nothing to do with Trump. The current government has simply been ignoring them.

 

Plus the lack of refinery capacity to turn crude oil into useful products. And the federal government's hostility towards fossil fuels. 

You claimed that the Trudeau was fearmongering. That was a patently ridiculous claim.

As for the issue of lack of drilling

Canadian oil and gas drilling activity to reach 10-year high in 2025: industry group

Canada’s oil and gas well drilling sector is poised to employ more people next year than it has in a decade, but the job growth could be derailed if president-elect Donald Trump makes good on his tariffs threat.

The Canadian Association of Energy Contractors (CAOEC) — which represents drilling and service rig companies across Western Canada, as well as offshore drilling rigs in Atlantic Canada — on Friday said Trump’s recent threat of 25-per-cent tariffs across the board on goods coming into the U.S. from Canada and Mexico should be taken “very seriously.”

CAOEC president and CEO Mark Scholz said while his organization hasn’t formally crunched the numbers, punitive tariffs would be a blow to the sector.

https://globalnews.ca/news/10894541/canadian-oil-and-gas-drilling-2025/

5 minutes ago, placeholder said:

You claimed that the Trudeau was fearmongering. That was a patently ridiculous claim.

As for the issue of lack of drilling

Canadian oil and gas drilling activity to reach 10-year high in 2025: industry group

Canada’s oil and gas well drilling sector is poised to employ more people next year than it has in a decade, but the job growth could be derailed if president-elect Donald Trump makes good on his tariffs threat.

The Canadian Association of Energy Contractors (CAOEC) — which represents drilling and service rig companies across Western Canada, as well as offshore drilling rigs in Atlantic Canada — on Friday said Trump’s recent threat of 25-per-cent tariffs across the board on goods coming into the U.S. from Canada and Mexico should be taken “very seriously.”

CAOEC president and CEO Mark Scholz said while his organization hasn’t formally crunched the numbers, punitive tariffs would be a blow to the sector.

https://globalnews.ca/news/10894541/canadian-oil-and-gas-drilling-2025/

You need to read beyond the headlines, my friend. The article notes the following;

 

Relations between Canada’s energy sector and the federal government have been rocky in recent years, with the industry accusing the government of imposing a de facto production cap by setting what companies say are unrealistic and unachievable climate targets.

 

and

 

The CAOEC also called Friday for the federal government to abandon specific policies the oil and gas sector believes will put Canada’s energy sector at a disadvantage to its U.S. competition under a Trump administration.

20 minutes ago, Hanaguma said:

You need to read beyond the headlines, my friend. The article notes the following;

 

Relations between Canada’s energy sector and the federal government have been rocky in recent years, with the industry accusing the government of imposing a de facto production cap by setting what companies say are unrealistic and unachievable climate targets.

 

and

 

The CAOEC also called Friday for the federal government to abandon specific policies the oil and gas sector believes will put Canada’s energy sector at a disadvantage to its U.S. competition under a Trump administration.

Since when haven't energy companies complained about environmental regulations. The fact is that Canada is producing record amounts of oil and gas with record amounts of drilling.

13 minutes ago, placeholder said:

Since when haven't energy companies complained about environmental regulations. The fact is that Canada is producing record amounts of oil and gas with record amounts of drilling.

THAT'S your answer? "They always bitch and moan..."?

 

Trudeau is the guy who promised to phase out the oil industry. Requires them to reach zero emissions and also increased tax on carbon. He lamented that he couldn't shut down our oil sands "tomorrow".    He cares more about his image with his Davos friends than about the prosperity of the Canadian people. 

9 minutes ago, Hanaguma said:

THAT'S your answer? "They always bitch and moan..."?

 

Trudeau is the guy who promised to phase out the oil industry. Requires them to reach zero emissions and also increased tax on carbon. He lamented that he couldn't shut down our oil sands "tomorrow".    He cares more about his image with his Davos friends than about the prosperity of the Canadian people. 

Please. The fact remains that oil and gas drilling is reaching record levels in Canada no matter what Trudeau has said. And the fact is you're dislike of Trudeau is making you tell falsehoods about how Canadians regard the threats posed by Trump. It defies credulity to believe that Canadians aren't afraid of the havoc Trump threatens to wreak on the Canadian economy. And the polls show it. The polls also show that they concern now is not about drilling more but about getting that oil out of Canada without going by way of the United States. Stop letting your political prejudices run riot despite the blatant facts.

13 minutes ago, placeholder said:

Please. The fact remains that oil and gas drilling is reaching record levels in Canada no matter what Trudeau has said. And the fact is you're dislike of Trudeau is making you tell falsehoods about how Canadians regard the threats posed by Trump. It defies credulity to believe that Canadians aren't afraid of the havoc Trump threatens to wreak on the Canadian economy. And the polls show it. The polls also show that they concern now is not about drilling more but about getting that oil out of Canada without going by way of the United States. Stop letting your political prejudices run riot despite the blatant facts.

In spite of Trudeau, not because of Trudeau.  He cancelled the Northern Gateway pipeline, regulated Energy East into the ground, etc. Getting our oil to market via our own country has been a concern long before Trump won his FIRST election. And Trudeau sabotaged it.  It is nothing new. 

 

I have a feeling that you don't consume much Canadian media.  I do. And the level of paranoia and pearl clutching is staggering. Much like the US, the major networks lean left. Unlike the US, we also have a government run network that is even more blatantly biased and is in fear that their funding will be cut if the Liberals are out of government.  

25 minutes ago, Hanaguma said:

In spite of Trudeau, not because of Trudeau.  He cancelled the Northern Gateway pipeline, regulated Energy East into the ground, etc. Getting our oil to market via our own country has been a concern long before Trump won his FIRST election. And Trudeau sabotaged it.  It is nothing new. 

 

I have a feeling that you don't consume much Canadian media.  I do. And the level of paranoia and pearl clutching is staggering. Much like the US, the major networks lean left. Unlike the US, we also have a government run network that is even more blatantly biased and is in fear that their funding will be cut if the Liberals are out of government.  

Trump repeatedly insults Canada and threatens to wreak havoc on its economy. And you think that isn't grounds for hatred? Have you been following what Poilievre has been saying lately? Is he part of the liberal spin machine?

32 minutes ago, placeholder said:

Trump repeatedly insults Canada and threatens to wreak havoc on its economy. And you think that isn't grounds for hatred? Have you been following what Poilievre has been saying lately? Is he part of the liberal spin machine?

Polievre? Of course, he is my choice for next PM. And he is making sense. Has been for years.  You need to do a bit more reading if you think he in any way supports what Trudeau has been doing to our country.

 

And no, Trump's typical rants are not grounds for hatred. They are just Trump being Trump. Learn to separate the noise from the message. Most smart economists recognize that fact.  Our media is the same- have to separate the noise from the message. The noise is "oh noes, here comes the Bad Orange Man to take over our country!!" and the message is "vote Liberal". 

3 minutes ago, Hanaguma said:

Polievre? Of course, he is my choice for next PM. And he is making sense. Has been for years.  You need to do a bit more reading if you think he in any way supports what Trudeau has been doing to our country.

 

And no, Trump's typical rants are not grounds for hatred. They are just Trump being Trump. Learn to separate the noise from the message. Most smart economists recognize that fact.  Our media is the same- have to separate the noise from the message. The noise is "oh noes, here comes the Bad Orange Man to take over our country!!" and the message is "vote Liberal". 

YOu missed my point about Poilievre. Namely, that he isn't exactly blowing kisses in Trump's directions.

Maybe you believe that Trump's comments shouldn't be grounds for Canadian's negativity, but Canadians overwhelmingly disagree with you:

 

Nearly 70% of Canadians think less of U.S. due to Trump tariffs: Ipsos

A new poll by Ipsos for Global News found a whopping 68 per cent of Canadians surveyed think less of the United States as a country, after Trump threatened Canada’s economy with 25 per cent tariffs that were meant to go into effect this week, before being paused.

Nearly half of all respondents, 46 per cent, said they strongly held that negative perception.

“What surprised me is the intensity of the responses,” said Sean Simpson, senior vice president of Ipsos Public Affairs.

https://globalnews.ca/news/11006887/donald-trump-tariffs-canadians-us-opinion-poll/

How come the Saud 's need 90 dlrs just to b/ even ? The words up and creek come to mind !

Jee wizz if it’s drill baby drill why is gas up 20 cents a gallon in the last week?that’s at the cheapest stations???oh yea that’s right it’s the oil companies that figure if it’s economical not Donald 

10 hours ago, Tug said:

Jee wizz if it’s drill baby drill why is gas up 20 cents a gallon in the last week?that’s at the cheapest stations???oh yea that’s right it’s the oil companies that figure if it’s economical not Donald 

That's the explanation by analysts:

 

"WTI crude oil futures extended recent gains to above $71 per barrel on Monday, supported by supply risks following new US sanctions on Iran's crude exports. The US Treasury announced sanctions last week targeting individuals and tankers involved in transporting millions of barrels of Iranian crude annually to China, aiming to increase pressure on Tehran. However, oil gains were limited by persistent concerns over the potential fallout from President Donald Trump’s ongoing tariffs. Over the weekend, Trump announced new global tariffs on steel and aluminum, which could affect the US energy sector, including oil drillers reliant on specialty steel not produced domestically. Meanwhile, Chinese tariffs on US goods take effect today in retaliation for Trump’s recent levies, though their impact is expected to be limited due to China’s modest US energy imports."

https://tradingeconomics.com/commodity/crude-oil

I lived in California  the land of oil dykes &other kinds of dykes( neutrally speaking ). Estimated 400 billion barrels of oil ,in the area i lived in.

 

 

 

https://en.m.wikipedia.org/wiki/California_oil_and_gas_industry