Pipelines, energy and natural resources

[daftandbarmy]

Industry is chuffed...

A federal-provincial agreement on energy policy is being characterized as “pragmatic” and “a game changer” by the president of a group representing oil and gas drillers in Canada, even as the industry comes off a down year.

Mark Scholz, president of the Canadian Association of Energy Contractors (CAOEC), which represents 89 Canadian land drilling, offshore drilling and service rig companies, told reporters Monday that the agreement reached between Alberta and Ottawa was “great news for the conventional side of the business.”

https://www.cbc.ca/news/canada/calgary/oil-and-gas-drilling-alberta-danielle-smith-mark-scholz-9.6999234

 

[Kirkhill]

In some hiring circles, informally (there'd be hell to pay if it were formal) a Canadian or US 4-year undergrad in STEM is worth a European masters in STEM. Not sure cheaping it is the way to go.

For high-potential STEM students, the breaks are when they get hired (or used to be) for things like NSERC-funded assistant positions and/or co-ops. The former category in particular is/was a useful way of prepping and screening people for advanced studies other than dead-end masters, MBAs, and PHDs.

Take a look at the CEO Farley thread though. Industry is looking for the STEM inclined right now to turn them into tradesfolk. Why wait years and take on debt trying to get qualified to compete for half a dozen low paying NSERC positions when you can start accumulating that downpayment on a house today? And later, if you are getting bored with just making money and the bones are starting to creak then you can go back to school to indulge in theory or perhaps management. The time in trades will make you better at either.

 

[Brad Sallows]

Take a look at the CEO Farley thread though. Industry is looking for the STEM inclined right now to turn them into tradesfolk. Why wait years and take on debt trying to get qualified to compete for half a dozen low paying NSERC positions when you can start accumulating that downpayment on a house today? And later, if you are getting bored with just making money and the bones are starting to creak then you can go back to school to indulge in theory or perhaps management. The time in trades will make you better at either.

Engineering, math, and physics departments are not over-enrolled with people who don't belong there. I doubt chem and bio are either. Undergrads don't compete for summer research assistant jobs for the money; they do it to polish their grad school applications.

Time in trades doesn't make a person much better in a lab, and does nothing for theory.

You have the wrong people in mind. Aptitude to get past first year calculus isn't needed for trades.

 

[childs56]

Can you do the math on how big that the tank farm would have to be?

Depends on what the capacity they actually want to ship out of there.

Could you actually empty it during a shipping season that is shorter than the pumping season- keeping in mind during shipping season, the oil just keeps on arriving.

This will depend on what they actually would build. You can reduce/ increase pipeline capacity as required.

Do the math and get back to me.

120 shipping days. Shipping at 2million bbl per ship. 24-32hrs to load ship. 240,000,000bbls for 120 days shipping.
Pipeline 2-500,000bbls day.
4-500 200,000 bbl tanks should suffice. Yes they can build this

And, if the intent is to sell into the Asian market, how does Churchill help?

The Asian and or European market. Either one and or both works as required.

All this requires a customer, and all this requires our own government to be on board, also requires a service provider (s) to be willing and able to invest in this project.

 

[Halifax Tar]

Pace Herb Stein, if something can't go on forever it will stop.

If people have no jobs they have no money. If no money they can't buy houses. And the accountants' usual solution to reduced sales volume of raising prices doesn't seem to help.

And this is not just a Canuck or Yankee problem. It is universal across the OECD.

And this is what the youngsters trapped in their parents basements are doing instead.

Priced out of housing, younger Canadians turn to the stock market

Being rebuffed by the housing market could prove to be a blessing in disguise for those pushed into the arms of a red-hot stock market

www.theglobeandmail.com

They are not playing video games.

Big talk in the HRM right now is the city council is looking at removing the cap on property taxes.

Of course all the boomers are up in arms. Everyone gets a piece of the shit sandwich oldies.

 

[lenaitch]

Its actually pretty crazy if you look at a rail map from the 50s to today how much rail has been lost. I feel like bringing the rail to Whitehouse back online would be very economical if you continued to Alaska.

I'm not sure how a narrow gauge, lightly built line that, if extended to Alaska, started in the US and ended in the US, would do our economy much good.

 

[GR66]

I'm not sure how a narrow gauge, lightly built line that, if extended to Alaska, started in the US and ended in the US, would do our economy much good.

Tariffs my friend...big beautiful Tariffs! LOL