China has a target of no more than 10% of regular imports from one country. Specifically to avoid the kind of dependency you are hoping for here. They only break that rule occasionally for Russia to get large discounts.
Pipelines, energy and natural resources
- Thread starter QV
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China has a target of no more than 10% of regular imports from one country. Specifically to avoid the kind of dependency you are hoping for here. They only break that rule occasionally for Russia to get large discounts.
I will add too that it's bizarre to think that China will be more dependent on us than the other way around. Typical Canadian delusion.
China imports 12 mbpd. Take the 10% rule. Let's say they import 1.2 mbpd from Canada. Who do you think will care more about that trade? For China that's 10% of its imports. For Canada, that would be 20-25% of oil exports. At that point, all they have to do is threaten to cut import orders and every Albertan "separatist" will suddenly be telling us about how great BYD EVs are. Heck, we haven't even ramped up exports to China yet and Danielle Smith is already talking about how great Chinese HSR and EVs are.
China imports 12 mbpd. Take the 10% rule. Let's say they import 1.2 mbpd from Canada. Who do you think will care more about that trade? For China that's 10% of its imports. For Canada, that would be 20-25% of oil exports. At that point, all they have to do is threaten to cut import orders and every Albertan "separatist" will suddenly be telling us about how great BYD EVs are. Heck, we haven't even ramped up exports to China yet and Danielle Smith is already talking about how great Chinese HSR and EVs are.
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Why do you have to do that? So many times I really want to agree with you then you have to go and spoil it.
"I will add too that it's bizarre to think that China will be more dependent on us than the other way around. Typical Canadian delusion.
"China imports 12 mbpd. Take the 10% rule. Let's say they import 1.2 mbpd from Canada. Who do you think will care more about that trade? For China that's 10% of its imports. For Canada, that would be 20-25% of oil exports."
You were good up to there.
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Canada isn't dependent on China. There are some moneyed interests that may be stuck in, and probably quite a few people who have far eastern venture funds in their portfolios, but I'd guess that latter exposure is pretty small (the far east is a big place with a lot of countries).
If China flexes, we tighten our belts; depending on where the impact falls there, they might get riots.
If China flexes, we tighten our belts; depending on where the impact falls there, they might get riots.
Dependent in the strictest sense? No. For markets? Sure. How many Prairie farmers would howl if China stopped taking Canadian soybeans and canola?
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However, oil is a largely fungible commodity, allowing for the particular infrastructure for refining different grades of oil. If China has refineries configured to the type of heavy, sour oil they get from us, they’re would need to substitute it with similar oil from someone else. If another producer diverts exports from another customer to supply China, that other customer will now be a demand in search of supply, to our supply in search of demand.
Typically the markets organically lead to the relatively efficient meeting of supply and demand via pricing. China could choose to buy equivalent oil that isn’t priced as well in order to avoid buying from us, sure. Be kinda dumb to do that, and it would just mean someone else ends up buying ours also less efficiently.
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So you believe Carney and his cronies are right when they try demonise Poliviere and Conservatives as Maple MAGA? What is the Conservative connection to the Trump administration? What in the world would make you base your Canadian vote on the actions of a foriegn leader? Poliviere has been more than clear, now and in the past, about the false liberal narrative of him being attached at the hip to the GOP. Is it a matter that you prefer carney and the liberals over Poliviere and the Conservatives and you're just trying to justify your choice ahead of time?
GK .Dundas
Army.ca Veteran
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I don't really like Carney but as for demonizing the Conservative Party , the Conservatives are too busy doing that themselves ,the Liberals quite frankly don't have to .
I want to see actual ideas not temper tantrums. I want to see some actual leadership
So far I've not seen see any.
During the last election I spoiled my ballot because at the time neither party had earned it.
I want to see actual ideas not temper tantrums. I want to see some actual leadership
So far I've not seen see any.
During the last election I spoiled my ballot because at the time neither party had earned it.
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Chinese refiners turn to Canadian oil, but at a cost
Venezuela Oil: Traders report increased interest in Canadian oil grades. These are seen as a suitable replacement for Venezuelan Merey crude. Major buyers of Venezuelan oil will now need to secure new supply sources from Canada.
energy.economictimes.indiatimes.com
daftandbarmy
Army.ca Fossil
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Meanwhile, another self-inflicted infrastructure wound...
David Eby's rush on major projects law was in vain
Vaughn Palmer: Belated consultations with First Nations has kept B.C. premier's priority legislation on hold
VICTORIA — Premier David Eby’s showpiece legislation to expedite construction of schools, hospitals, and other infrastructure remains mired in legal limbo, months after he insisted it was urgently needed to meet the threat posed by U.S. President Donald Trump.
“At a time of uncertainty caused by Donald Trump’s tariffs, it’s more important than ever that we create more good-paying jobs by delivering the critical infrastructure projects people need — faster,” said Eby in introducing the Infrastructure Projects Act on May 1.
“We don’t have a moment to waste,” Eby told the legislature during debate on the bill. “We can’t live on infrastructure that was built by our grandparents. We can’t wait for jobs to be created in this province. The moment is now.”
Not a moment to waste?
Eight months have passed since the legislation was introduced, and seven since the New Democrats used their legislative majority to cut off debate and impose the bill over opposition from Conservative, Green and independent MLAs.
For all the premier’s insistence that the Act was needed to “get shovels into the ground” on school, hospital and other construction, it remains listed as “not in force” on the government website, as Rob Shaw reported in Business in Vancouver last week.
theprovince.com
David Eby's rush on major projects law was in vain
Vaughn Palmer: Belated consultations with First Nations has kept B.C. premier's priority legislation on hold
VICTORIA — Premier David Eby’s showpiece legislation to expedite construction of schools, hospitals, and other infrastructure remains mired in legal limbo, months after he insisted it was urgently needed to meet the threat posed by U.S. President Donald Trump.
“At a time of uncertainty caused by Donald Trump’s tariffs, it’s more important than ever that we create more good-paying jobs by delivering the critical infrastructure projects people need — faster,” said Eby in introducing the Infrastructure Projects Act on May 1.
“We don’t have a moment to waste,” Eby told the legislature during debate on the bill. “We can’t live on infrastructure that was built by our grandparents. We can’t wait for jobs to be created in this province. The moment is now.”
Not a moment to waste?
Eight months have passed since the legislation was introduced, and seven since the New Democrats used their legislative majority to cut off debate and impose the bill over opposition from Conservative, Green and independent MLAs.
For all the premier’s insistence that the Act was needed to “get shovels into the ground” on school, hospital and other construction, it remains listed as “not in force” on the government website, as Rob Shaw reported in Business in Vancouver last week.
David Eby's rush on major projects law was in vain
Vaughn Palmer: Belated consultations with First Nations has kept B.C. premier's priority legislation on hold
theprovince.com
Topical to my comments on Friday: Mackenzie Gray is reporting that PMMC, and ministers Hodgson (energy) and Robertson (Housng and infrastructure; Pacific economic development) will travel to Prince Rupert tomorrow to meet with coastal First Nations leaders about the Alberta MOU and pipeline development.
daftandbarmy
Army.ca Fossil
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Proving that the Eby government ain’t the boss of me …
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I wish they good luck.
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Norway re-opening oilfields despite the suggested glut.
www.telegraph.co.uk
"Norway is preparing to extract billions of pounds worth of fossil fuels from the North Sea as it reopens “dead” oil and gas fields close to British waters.
"A report by a Norwegian government agency said improvements in technology meant closed fields that were once considered too expensive to extract from could now be reopened.
"It marks a stark contrast with Britain’s attitude. Ed Miliband, the Energy Secretary, banned new oil and gas drilling in 2024.
"Experts said Norway’s success in oil and gas exploration made Britain look like a “daft neighbour” and added that it will increase the UK’s reliance on overseas imports."
Norway to reopen ‘dead’ North Sea oil fields as Britain retreats
UK left looking like a ‘daft neighbour’ as new technology allows fresh extraction
www.telegraph.co.uk
"Norway is preparing to extract billions of pounds worth of fossil fuels from the North Sea as it reopens “dead” oil and gas fields close to British waters.
"A report by a Norwegian government agency said improvements in technology meant closed fields that were once considered too expensive to extract from could now be reopened.
"It marks a stark contrast with Britain’s attitude. Ed Miliband, the Energy Secretary, banned new oil and gas drilling in 2024.
"Experts said Norway’s success in oil and gas exploration made Britain look like a “daft neighbour” and added that it will increase the UK’s reliance on overseas imports."
- Reaction score
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- A blockbuster discovery by Exxon Mobil in 2015 revealed vast reserves of high-quality crude in waters offshore Guyana, transforming the country into the world's fastest growing economy.
- Venezuela's Maduro had adopted an increasingly aggressive stance toward Essequibo in recent years.
- The fallout from the Trump administration's military intervention is expected to put Venezuela's longstanding territorial claims over the oil-rich Essequibo territory on ice, analysts told CNBC.
- Reaction score
- 12,199
- Points
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Germany's pipeline to nowhere
400 km by 1.4 m, pressurized and everything.
No supply
No customers
Bill to be passed on to electricity consumers.
cleantechnica.com
400 km by 1.4 m, pressurized and everything.
No supply
No customers
Bill to be passed on to electricity consumers.
400km Hydrogen Pipeline With No Users Will Raise Germany’s Electricity Prices - CleanTechnica
Germany finished a 400km hydrogen pipeline with no suppliers or customers. The costs will persist for decades and raise electricity prices.
cleantechnica.com
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Chinese solar problems.
www.scmp.com
thaihut.org
China’s solar firms, once deemed too competitive, now face monopoly accusations
Major producers are suspected of using Beijing’s anti-involution campaign as an excuse to rig prices.
www.scmp.com
China has produced so many solar panels that it has pushed prices down: it now wants to shut factories to save its industry
The first thing you notice is the silence. On the edge of a dusty industrial park in eastern China, a row of once-roaring solar panel factories stands
thaihut.org
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Germany's pipeline to nowhere
400 km by 1.4 m, pressurized and everything.
No supply
No customers
Bill to be passed on to electricity consumers.
400km Hydrogen Pipeline With No Users Will Raise Germany’s Electricity Prices - CleanTechnica
Germany finished a 400km hydrogen pipeline with no suppliers or customers. The costs will persist for decades and raise electricity prices.
Further to....
‘We expect EU to abandon its 42% industrial hydrogen RFNBO mandate for 2030 later this year’: WoodMac
The analyst forecasts more big cancellations in the coming 12 months, it reveals in its predictions for 2026
This is the Hydrogen we were supposed to supply instead of the Natural Gas they asked for?
daftandbarmy
Army.ca Fossil
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Further to....
‘We expect EU to abandon its 42% industrial hydrogen RFNBO mandate for 2030 later this year’: WoodMac
The analyst forecasts more big cancellations in the coming 12 months, it reveals in its predictions for 2026www.hydrogeninsight.com
This is the Hydrogen we were supposed to supply instead of the Natural Gas they asked for?
If you care to recall this Globalist Eco-madness from 2022 ...
'Hydrogen alliance' formed as Canada, Germany sign agreement on exports
Canada plans to export hydrogen by 2025
Canada has agreed to help Germany with its energy crunch, although few details of exactly how the two countries will work together were provided during a ceremony in Stephenville, N.L., on Tuesday.
Instead, Prime Minister Justin Trudeau and German Chancellor Olaf Scholz signed what they called a "joint declaration of intent" that calls on the two countries to invest in hydrogen, establish a "transatlantic Canada-Germany supply corridor" and start exporting hydrogen by 2025. Trudeau called it a historic moment.
"We must look to resources like hydrogen which can and will be clean and renewable. We can be the reliable supplier of clean energy a net-zero world needs," Trudeau said.
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