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Alberta NDP calling on Premier to denounce UCP MLA’s calling for an end to lockdowns

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From the Alberta NDP

KENNEY’S SILENCE ALLOWS UCP MLAS TO UNDERMINE PUBLIC HEALTH ORDERS

Jason Kenney must explain to Albertans following COVID-19 public health orders why he has continually failed to take action against the members of his own Caucus who are undermining those orders from a position of authority and putting lives at risk in the process.

On Tuesday, it was revealed that UCP MLA’s Drew Barnes and Angela Pitt had signed up as Members of the “End the Lockdown Caucus”, a group that declares, “lockdowns cause more harm than the virus and must be brought to an end.”

It was also learned Tuesday that senior UCP Cabinet Minister Jason Nixon and UCP Caucus Chair Todd Loewen had joined Drew Barnes in the undermining of public health orders by telling local papers that they would be pushing for a regional re-opening, an action that directly contradicts the advice given by Alberta’s Chief Medical Officer of Health, Dr. Deena Hinshaw.

“Jason Kenney promised to introduce a culture of discipline to the scandal ridden, arrogant and out-of-touch UCP,” said David Shepherd, NDP Health Critic. “He also promised to build a database of extremists to keep them from taking over the UCP. Instead we see that the extremists are well and truly running the UCP.”

The End the Lockdown Caucus includes, Wildrose Independence Party Leader Paul Hinman, former Separatist MLA Gordon Kessler, MP Derek Sloan, who was expelled from the Conservative Party of Canada for accepting a donation from a white nationalist, and Leader of the People’s Party of Canada, Maxime Bernier.

“Months of Jason Kenney’s failed chaotic leadership is empowering and encouraging the extreme, anti-science members of the UCP,” said Shepherd. “Kenney must discipline these MLAs for endangering Albertans through their reckless and selfish behaviour.”

MLA Pitt stated publicly: “One hundred per cent, more people in the caucus will join us. I tried to work on things internally, but it was not working on the inside”.

Jason Kenney will be speaking to the media at 1pm on Wednesday. If he is serious about protecting the lives and livelihoods of Albertans, he will denounce the dangerous stance taken by his Caucus.

“Jason Kenney must explain why he has allowed a rebellion of anti-health to take over the UCP and why won’t he do a thing to stop it?” Shepherd said. “This Premier’s leadership is either so weak that he can’t stop them, or he is so indifferent to the medical advice of Dr. Hinshaw that he is allowing his Caucus to spread medically false statements during a global pandemic. Either way, this is not the leadership Alberta needs.”

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Alberta

Start-up of Trans Mountain expansion ‘going very well’ as global buyers ink deals for Canadian crude

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A worker at Trans Mountain’s Burnaby Terminal. Photo courtesy Trans Mountain Corporation

From the Canadian Energy Centre

By Deborah Jaremko

Chinese refiner pays about US$10 more for oil off TMX compared to sales value in Alberta

Canada’s oil sands producers are “back in the limelight” for investors following completion of the Trans Mountain pipeline expansion, according to a report by Enervus Intelligence Research.

For the first time in the better part of a decade, there is now breathing room on the system to ship all of the oil producers are able to sell off the coast of B.C.

Up until this May, Trans Mountain was regularly overbooked. Not anymore.

The crude carrier Dubai Angel picked up the first shipment from the long-awaited expansion on May 22, setting sail for China and a customer of oil sands producer Suncor Energy.

Analysts estimate Trans Mountain loaded 20 vessels in June, compared to a pre-expansion average of five per month.

“You’re seeing multiple buyers. It’s going very well,” said Phil Skolnick, managing director of research with New York-based Eight Capital.

“You’re seeing the exact buyers that we always thought were going to show up, the U.S. west coast refineries and as well as the Asian refineries, and there was a shipment that went to India as well.”

The “Golden Weld” in April 2024 marked the mechanical completion and end of construction for the Trans Mountain expansion project. Photo courtesy Trans Mountain Corporation

Canadian crude in demand on the global market

Asian markets – particularly China, where refineries can process “substantial quantities” of extra heavy crude and bitumen – are now “opened in earnest” to Canadian oil, the International Energy Agency (IEA) said in its June Oil 2024 report.

“There’s demand for this crude and people are going to make deals,” said Kevin Birn, chief analyst of Canadian oil markets with S&P Global.

The IEA said Canadian crude will increasingly compete with heavy oil from other countries, particularly those in Latin America and the Middle East.

June’s loading of 20 vessels is slightly lower than the 22 vessels Trans Mountain had targeted, but Skolnick said a few bumps in the project’s ramp-up are to be expected.

“About three months ago, the shippers were telling investors on their calls, don’t expect it to be a smooth ramp up, it’s going to be a bit bumpy, but I think they’re expecting by Q4 you should start seeing everyone at peak rates,” Skolnick said.

Delivering higher prices

Trans Mountain’s expanded Westridge Terminal at Burnaby, B.C. now has capacity to load 34 so-called “Aframax” vessels each month.

One of the first deals, with Chinese refiner Rongsheng Petrochemical, indicates the Trans Mountain expansion is delivering on one of its expected benefits – higher prices for Canadian oil.

Canada’s Parliamentary Budget Office has said that an increase of US$5 per barrel for Canadian heavy oil over one year would add $6 billion to Canada’s economy.

The June deal between Rongsheng and an unnamed oil sands shipper saw a shipment of Access Western Blend (AWB) purchased for approximately US$6 per barrel below the Brent global oil benchmark. That implies an AWB selling price of approximately US$75 per barrel, or about US$10 more than the price received for AWB in Alberta.

Expanded export capacity at the Trans Mountain Westridge Terminal. Photo courtesy Trans Mountain Corporation

More pipeline capacity needed

Oil sands production – currently about 3.4 million barrels per day – is projected to rise to 3.8 million barrels per day by the end of the decade before declining slightly to about 3.6 million barrels per day in 2035, according to the latest outlook by S&P Global.

“Despite the recent completion of the Trans Mountain Expansion project, additional capacity will still be needed, likely via expansion or optimization of the existing pipeline system,” wrote Birn and S&P senior research analyst Celina Hwang in May.

“By 2026, we forecast the need for further export capacity to ensure that the system remains balanced on pipeline economics.”

Uncertainty over the federal government’s proposed oil and gas emissions cap “adds hesitation” to companies considering large-scale production growth, wrote Birn and Hwang.

Global oil demand rising

World oil demand, which according to the IEA reached a record 103 million barrels per day in 2023, is projected to continue rising despite increased investment in renewable and alternative energy.

June outlook by the International Energy Forum (IEF) pegs 2030 oil demand at nearly 110 million barrels per day.

“More investment in new oil and gas supply is needed to meet growing demand and maintain energy market stability, which is the foundation of global economic and social well-being,” said IEF secretary Joseph McMonigle.

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Alberta

Jordan Peterson Interviews Alberta Premier Danielle Smith – Preview

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This is a clip from tomorrow’s podcast release with Premier Danielle Smith. In it, she and Dr. Peterson discuss Trudeau’s stance against fossil fuels and the unreliability of so-called “renewables.”

Dr. Peterson’s extensive catalog is available now on DailyWire+: https://bit.ly/3KrWbS8

ALL LINKS: https://linktr.ee/drjordanbpeterson

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