It's not that projects are getting cancelled, investors are just sitting on their wallets waiting for 6 months to a year to see what OPEC does.
FYP.
Soooo ... Alberta ...
No nuclear plants have been built in NA for a long time, so it would beer hard to tell.
It would be pretty easy to calculate, with a little time spent. But I can tell you it would be in the range of 25-50 years.
Mil-man is trying to lay down the argument that 15 years is a poor payback period for a solar installation. I'm trying to make the counterpoint that, for large power generation facilities, you can't do much better than that.
When one person suffers from a delusion, it is called insanity.
When many people suffer from a delusion, it is called religion.
Why don't the Saudis get off their asses and stabilize the price of oil? Hurry up, investors are on the sidelines waiting!
http://www.ft.com/cms/s/2/69350a3e-f970-11e4-be7b-00144feab7de.html
FYP.
You keep saying that. There are plenty of investments, 10-20 year plays that are viable and still going ahead in unconventional oil. Some have been shelved because of cashflow issues, that's true. What we don't need compounding the problem is an air of uncertainty created by a government, and that's exactly what's happened. They've taken a problem that was already significant and made it much, much worse.
You keep saying that.
Because you ignored it until now.
If the Saudi's started selling oil for $5 a barrel, would they still go ahead with those projects?
Do you have any idea how long it takes for any fossil fuel or nuclear plant to pay off construction costs?
No, but it seems like common practice is to draw out the debt payments for as long as possible
So would hiring workers that don't expect to buy F350s and quads with their first pay check.
So you suggest the hiring of more temp. foreign workers?
It's amazing what you can afford when your family home costs 200,000 and you make 70-100,000. Plenty of people seem to forget when they throw that out there that the vast majority of oilfield workers live in towns like Bentley, Alberta or in Peace River, or the equivalents all over the province where life is pretty cheap.
Smartest thing you've said in this thread so far.
Why slag free swag?:rolleyes:
ummm, as your doctor i recommend against riding with a scaphoid fracture.
Because you ignored it until now.
If the Saudi's started selling oil for $5 a barrel, would they still go ahead with those projects?
Well not with the NDP in charge!
But with a PC gubermint in charge I'm sure the investors would have cash in hand to get at the latest plays
Why slag free swag?:rolleyes:
ummm, as your doctor i recommend against riding with a scaphoid fracture.
This won't have a huge effect on the large organizations. They've laid off their 20-40 000 people, they're way good now. The vast majority of exploration, however, is done by juniors. The small publicly traded (TSX.V) and privately traded organizations are the ones who can react to business climates quick enough and take the biggest risks on plays. These guys depend on venture capital to fund their businesses, and until Notely straightens her shit up and and project with certainty what the new tax structure will be, the venture capital and investment banks are clamping their funding. This means that slowly, bit by bit, companies will wither away into CCAA because they don't have the funding required to continue growth and drill out declines. Since they haven't had a chance to prove their fields, they won't sell, and their business models remain incomplete, affecting hundreds of thousands of jobs.
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When one person suffers from a delusion, it is called insanity.
When many people suffer from a delusion, it is called religion.
For less than a price of a cup of coffee a day you too can support a poor Venture Capitalist.
Donate now, our operators are standing by to take your donation.
You're missing the fucking point. Without new capital flowing into the province, growth stops, and the majority of the provinces workforce in oil and gas is employed in exploration, drilling, completions and production. Several hundred thousand people go home if that capital stops flowing in.
You're missing the fucking point. Without new capital flowing into the province, growth stops, and the majority of the provinces workforce in oil and gas is employed in exploration, drilling, completions and production. Several hundred thousand people go home if that capital stops flowing in.
It's a bummer that you guys didn't set up some type of a fund or something for when that rainy day happened. You know, like Norway did.
Several hundred thousand people go home if that capital stops flowing in.
It's a shame that decisions made by a group of individuals half a world away impact the above orders of magnitude more than which provincial government you choose to represent you.
You're missing the fucking point. Without new capital flowing into the province, growth stops, and the majority of the provinces workforce in oil and gas is employed in exploration, drilling, completions and production. Several hundred thousand people go home if that capital stops flowing in.
ok so you are gona go home with your bat n ball but how long before you come back?
the workers will just go somewhere else for now
You're missing the fucking point. Without new capital flowing into the province, growth stops, and the majority of the provinces workforce in oil and gas is employed in exploration, drilling, completions and production. Several hundred thousand people go home if that capital stops flowing in.
Good. Hopefully they take the high price of real estate with them. I'd like to be able to afford something decent when I get there.
Being cheap is OK. Being a clueless sanctimonious condescending douchebag is just Vlad's MO.
http://abacusdata.ca/no-regrets-about-election-outcome-say-albertans-in-new-poll/
No regrets about election outcome, say Albertans in new poll
May 14, 2015By Bruce Anderson [HTML_REMOVED] David Coletto
We have just completed a major, in depth survey among 1,000 residents of Alberta. The first results are described here and in a release on Saturday, while more of the data will be available in the coming weeks.
WHO DID WHAT?
Somewhat remarkably, given the history of the province, the NDP victory was not built on deep divisions across the province.
Instead a fairly broad consensus developed. The New Democrats got the most votes among both women and men, across all income and education levels. They were first among both private sector and public sector employees, and among homeowners and renters too.
The NDP won the most votes in urban Alberta, but trailed the Wildrose by 6 points in rural Alberta. The Wildrose also was the leading party among those who are self employed, again with the NDP second. The PC[HTML_REMOVED]rsquo;s finished a distant third among rural and self-employed voters.
The NDP could not have won this election without a collapse of support for the Progressive Conservatives. Our survey reveals that half of those who voted PC in 2012 left the party in this election. These voters were almost twice as likely to move to the NDP (31%) rather than the Wildrose (17%).
The Wildrose Party lost a third of those who voted for that Party in 2012, with more drifting to the NDP (19%) than to the PC[HTML_REMOVED]rsquo;s (13%). The NDP held 93% of its support base from 2012.
Federal Conservatives will watch carefully what this election result portends for the fall federal campaign. Among those who voted federally for the Conservatives in 2011, 22% voted NDP provincially and 34% supported to the Wildrose. Only 40% supported Jim Prentice and the PCs.
HOW THEY FEEL?
The word cloud below illustrates the responses to a question asking for a single word expression of reactions to the result. The responses reveal a population that expresses more surprise, happiness and hopefulness than dismay or fear.
A related question asked people to indicate whether they were happy, unhappy or [HTML_REMOVED]ldquo;accepting[HTML_REMOVED]rdquo; of the result. 17% said they were delighted, another 20% happy, and 40% accepting. Only a quarter of those surveyed indicated either that they were [HTML_REMOVED]ldquo;unhappy[HTML_REMOVED]rdquo; (15%) or [HTML_REMOVED]ldquo;upset[HTML_REMOVED]rdquo; (9%).
Few voters (24%) expect the NDP to provide worse government for the province, while 52% expect the Notley administration will do a better job. Dissatisfaction with the incumbents was so high that only 54% of PC voters think the NDP will turn out to be worse than the Conservatives. Only 44% of Wildrose supporters say the NDP will do a worse job than the Conservatives.
That a broad cross section of Alberta voters could vote NDP may have seemed unlikely in the past, but this breakthrough has the potential to change the paradigm in the future. Fully 73% say that that [HTML_REMOVED]ldquo;if the NDP does a good job, I could see myself voting for them in the next election[HTML_REMOVED]rdquo;. This includes 47% of those who voted PC this year, and 49% of those who voted Wildrose.
THE UPSHOT?
In our next release, we will explore what Albertans say this election turned on. From these results, a few things that are evident.
First, this was a sweeping consensus for change rather than a divisive result. Few voters are unhappy, many are hopeful. Older voters are more anxious, but in this election, their preferences did not carry the day.
Second, Alberta has long been reputed to be quite conservative and hostile to left of centre politicians, but these results paint a more nuanced picture. That three of four say they could see themselves voting NDP if the Notley government performs well indicates that they think good performance is possible, regardless of partisanship.
Undoubtedly, many of these voters will be looking for pragmatic rather than ideological choices, and in a difficult economic and fiscal context, maintaining this level of positive feeling among voters will not be easy. But the new Premier starts with much more [HTML_REMOVED]ldquo;benefit of the doubt[HTML_REMOVED]rdquo; than might have been expected. This was not a [HTML_REMOVED]ldquo;hold your nose[HTML_REMOVED]rdquo; choice nor is it characterized as a [HTML_REMOVED]ldquo;devil you don[HTML_REMOVED]rsquo;t know[HTML_REMOVED]rdquo; outcome for the large majority of Albertans.
METHODOLOGY
Our survey was conducted online with 1,000 Alberta residents aged 18 and over from May 6 to 11, 2015. A random sample of panelists was invited to complete the survey from a large representative panel of Albertans, recruited and managed by Research Now, one of the world[HTML_REMOVED]rsquo;s leading provider of online research samples.
The Marketing Research and Intelligence Association policy limits statements about margins of sampling error for most online surveys. The margin of error for a comparable probability-based random sample of the same size is +/- 3.1%, 19 times out of 20. The data were weighted according to census data to ensure that the sample matched Alberta[HTML_REMOVED]rsquo;s population according to age, gender, educational attainment, and region of the province. Totals may not add up to 100 due to rounding sample.
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