Sleeping giant: How Canada became a global energy power
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- Опубликовано: 12 сен 2024
- Canada's oil history dates back to the mid-1800s, when the rich commodity was first discovered here. It would take almost a century for the discovery that would change the way we live, and uncork Alberta's vast oil wealth, when the first Trans Mountain pipeline came online in British Columbia - which moved oil to the province from Alberta.
As Eric Sorensen shows us, it was immensely popular in B.C., serving the economic interests of the province with cheap, accessible oil.
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The entire energy sector shared by only 38 million people. Canadians should be the wealthiest people on Earth. Government mismanagement is the sole reason we are not.
Canadian oil is not as profitable as Saudi Oil and never will be. Saudi extraction cost are about 15 dollars a barrel. Canadian extraction costs are 55 to 62 dollars a barrel. The price of oil has to be 62 dollars a barrel just for Canadian producers to break even. That’s because Canadian oil isn’t oil. It’s tar sand. Saudi oil can just be pumped out of the ground. Canadian oil has to be mined and a ton of sulfur and sand needs to be removed before it can be sold. It poor quality heavy oil. That’s just how it formed millions of years ago. It’s got nothing to do with government mismanagement. Canadian oil will never be the cash cow it’s been to the Saudi’s. If you knew anything about the industry you should know that.
We are energy giant but why is our gas price is more expensive than the US?
Because like 70% of what you pay at the pump goes to the government.
What are you ignorant or something?
@@johnmcguire678 i am going to guess you didnt take the 3 seconds to google that before replying. Which by definition makes you ignorant. 🤔
@@johnmcguire678 US: Currently, the federal government levies a $0.184 per gallon tax on gasoline.
Canada: federally Its 10 cents per litre and 5% GST. And there are 4 litres in a gallon.
Thats just what both feds charge. Then the provinces and states both do and take a bigger cut. + sales tax. In Canada Vancouver Victoria and Montreal also apply an extra one. Not to mention all the taxes paid before a drop ever leaves the pump into your car. The taxes refinery pays, the trucker who drove it there. The gas station who owns the pump and even the guy behind the counter taking your money. Its taxes upon taxes upon taxes. See how that works? Now maybe you can be less ignorant and open your eyes.
@@KayJay940 so you saying the government rip us off? So you saying they can make it cheaper for us but choose not to? Sound like you are ignoring the government ripping us off. Base on all the taxes on taxes as you said.
Lack of refineries. It costs US$8 billion to build a refinery but Canada is too cheap to build more
Imagine what we could be doing if we actually utilized our natural resources to their full potential instead of buying foreign so we could call ourselves green.
Who is we?
I thought Canada was a nation built on stolen lands colonized by the Europeans. much like what Russians are trying to do in Ukraine. Am I wrong?
The issue is that we can buy it for far cheaper than we we can produce it ourselves. Largely in part to our wages being livable compared to other countries that are large producers, and the fact that we have heavy crude oil that’s significantly more expensive to refine.
No thanks to Trudeau that's for sure.
Yup!
Regardless of your views..the only thing propping up every one's pension and future pensions is our energy industry... We see now how critical being energy sufficient is critical to survival....
The natives should be put on notice that from now on the money the gov't gives them is directly tied to oil , gas and other resource development. If they wanna protest these things and block roads and rails, let them starve.
Trudeau has been quiet quitting our energy sector for the last 7 years.
$100 in 2014 is equivalent to roughly $124 in 2024 so i find it hilarious everytime politicians talk about corporations making "Record Profits".... Record dollar amounts does not mean record purchasing power
lol wut? look at the price of energy ppl to pay to heat their homes. you are joke. this is not journalism.
Lol love how all of a sudden msm is talking about home-grown energy amazing what a joke
SHAME on you GLOBAL NATIONAL, you never MENTION a word about NEWFOUNDLAND'S OIL and GAS INDUSTRY or IT'S HUGE HYDROGEN POTENTAL, but the GERMANS notice it,, I guess NEWFOUNDLAND, DON'T EXCISE in CANADA........... SHAME YOU ONCE AGAIN for NOT MENTIONING NEWFOUNDLAND in YOUR REPORT.
We love Canada and Canadian System of Democracy.
It's turned into tyranny.
Is this a comedy post?
Then why is there so much poverty in Canada ?
OMG...oil is not a fossil. 🙄
Are you being intentionally ironic?
Yeah, that title seems very ironic given the actual information in the video. "How Wokeness Killed The Canadian Energy Giant" would be a better title.
i'm flattered,...
Oil and gas companies control our resources . And what they will pay for it to be profitable. The investments required to build pipelines and LNG plants are enormous and make the costs too high for LNG to be sold in Europe .. especially if the EU can buying Russian gas again after the Ukrainian war. It would be 8 to 10 years before we would be ready. Our only added market for LNG export would be Asian countries. The Big four Oil companies control where the oil and gas is sold.
Canada's got all the infrastructure and resources.... just eco-activists and ecomic saboteurs in gov. Ukraine IS FREELAND:S PERSONAL WAR.
Canada is a free market nation. If oil companies "controlled" our resources we would be exporting much more oil, to vastly more places. Oil companies do not decide what the price is. Oil is sold on commodity exchanges with "bid" and "ask" mechanisms. Unlike oil, natural gas is not a global price, it's regional. North American gas is sold at far lower prices. Margins would be dramatically higher if selling to Europe. Perhaps we should let free market entrepreneurs and investors determine whether LNG is viable or not.
Repent Jesus christ is our soon coming king repent
AMEN!!
Don't need a King.
Then what’s with the prices?greedy cows
Aboriginal Lawyer's and its knowledge of Language indifferent and transfers of our resources within on both sides of a borders. America/Canada and Aboriginal Lawyers and our resources etc, ,,,
Not anymore
we've gone back to sleep
Instead of pipelines Alberta should focus on Automotive industry.
We're a G7 country and don't even have our own "made in Canada" car.
@@anthonymorris5084 Ontario Chrysler assembly plants can be relocated to Alberta.
@@p.j.882 Why would they move from Ontario? My point was that we simply assemble the cars from other nations. Numerous countries invent and build their own branded automobiles. We also can't build fighter aircraft.
@@anthonymorris5084 Canada Avro Arrow fighter can still be revived.
Name 10 books boy
CGTN great documentaries, Warmongerers Legacy, Remote Killing.
We're rich but broke not kewl lol
Why does Edmonton have so many homeless, such a horrible healthcare and Education services?. The 'untermenchen estates' were built for the profits of contractors. And will sit empty until a friend can set up a management business. In Alberta politicians never miss an opportunity when they see profit to be made. But the homeless will continue to freeze to death on the streets.
There is no solution...many of them do not want housing...they want to live from day to day so they have time to do their "hobbies".
@@markanthony3275
This is true. Everything a homeless person does has meaning to them. Many people with homes don't have meaning to their lives.
As my brotha is homless it started when pri
Peter Zeihan has great youtube talks and podcasts, where he shares his in depth perspective on global energy demand and other expected changes in the coming months and years.
Not for canadians though
Repent Matthew chapter 24 Bible prophecies fulfilling repent
AMEN
Isaiah chapter 9:6:7 repent
AMEN!!🙏
Make believe for adults.
Shut up ! Jesus is fake !
Because sorry we barely refine
There is a refinery in Edmonton and Vancouver. Used to be one in Calgary but it blew up like 2 decades ago.
Saskatchewan has a refinery in regina
Satan is wreaking havoc in the earth the destroyer repent
AMEN
Long Live Indian And Canadian Friendship and Mutual Understanding.
Thats a lie. Canada understands keeping people poor and using resources to control them. Otherwise canada would be like the other too oil producers of the world. Canada is the most expensive place on earth to live when you factor in that we get 0 royalties for our resources that are stolen from us.
Repent Matthew chapter 24 Bible prophecies fulfilling repent
AMEN
Repent Matthew chapter 24 Bible prophecies fulfilling repent
AMEN
Ah yes, I remember Leviticus verse 4:26 "And you shall experience rising inflation and high gas prices"
@@anthonymorris5084 blasphemy
@@centuryhousegames733 It's not possible for an atheist to blaspheme. Only religious people can blaspheme.
@@anthonymorris5084 you know of God but chose not to believe, therefore blasphemy!