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12 September, 2011

Canada's Oil Sands Are a Jobs Gusher

Remarks : A couple of days ago I wrote something  about this  same issue.
Read  just below this excellent article. P.MARTORI
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Wall Street Journal-
For all its soaring rhetoric, President Obama's "jobs speech" last week didn't demonstrate a lick of insight into why economies grow or how wealth is created. It was merely trademark Obamanomics: using government diktat to move money that's over here, over there.
Having spent an hour the day before with Ron Liepert, the energy minister from the Canadian province of Alberta, I found it especially disturbing to hear nothing in the speech about reversing the administration's anti-fossil-fuels agenda. Canada has recovered all the jobs it lost in the 2009 recession, and Alberta's oil sands are no small part of that. The province is on track to become the world's second-largest oil producer, after Saudi Arabia, within 10 years. Meanwhile Mr. Obama clings to his subsidies for solar panels and his religious faith in green jobs.
U.S. unemployment is high because capital is on strike. Short-term offers to coax investors into taking new risks aren't going to cut it when they have been forewarned that the president intends to pay for it all by raising taxes in the out years. The market dropped over 300 points the day after Mr. Obama's speech.
On the regulatory front the picture is even gloomier. Much of America's vast untapped energy potential lies dormant because Mr. Obama's regulatory watchdogs have spent the past three years throwing sand in the gears of the permitting process for exploration and exploitation on federal lands. Separately, TransCanada has been trying since September 2008 to get a permit to build the Keystone XL pipeline from Alberta to the Gulf Coast. The Environmental Protection Agency has so far blocked it. Associated Press

TransCanada's Keystone XL pipeline could mean 118,000 American jobs, if the U.S. government ever issues the permit.

A glimpse of what all this has cost the U.S. economy can be seen by looking north to Canada, where animal spirits have been unleashed in the energy sector. Canada's close economic ties to the U.S. have traditionally meant that when the U.S. gets the sniffles, Canada gets swine flu. This time it's been different. Part of the reason is that Canada's housing market was not poisoned by a federal government push to put unqualified borrowers into homes they could not afford. After the 2008 collapse of the housing bubble in the U.S., the Canadian financial sector remained strong.
That alone was not enough to protect Canada from the effects of the U.S. recession. The manufacturing sector was hit hard, and in the first quarter of 2009 the economy contracted by an annualized 7.9%.
Yet Canada has outperformed the U.S. since then. In 2010, according to the International Monetary Fund, Canada grew at 3.2% versus 2.9% in the U.S. In 2011, the IMF estimates Canada will grow at 2.9%; unemployment is now 7.3%. The IMF's U.S. growth forecast is 2.5% this year, and U.S. unemployment is 9.1%.
One explanation for Canada's more robust growth is its strong commitment to energy, which has become more valuable in U.S. dollar terms under Federal Reserve Chairman Ben Bernanke's inflationary policies. Alberta is now producing two million barrels per day but expects that number will grow to four to five million within a decade.
Alberta's oil and gas industry supports more than 271,000 direct jobs and hundreds of thousands of indirect jobs in sectors such as construction, manufacturing and financial services. The province has an unemployment rate of 5.6%. There are also some 960 American companies involved in Alberta energy, supplying equipment and technology, among other things. As an example, Mr. Liepert says, "dozens of Caterpillar tractors, made in Illinois and Michigan and costing $5 million a piece" work the oil sands. He says the region is on track to create more than 400,000 direct American jobs by 2035. The Bakken region of North Dakota, where private land ownership gives drillers relief from federal obstructionism, shares a similar, if smaller, story. Oil production there is booming, and North Dakota unemployment is 3.3%.
TransCanada's Keystone XL pipeline, if the U.S. ever issues the permit, will mean $20 billion in investment.
The company says the construction phase will require 13,000 direct hires and indirect new jobs could total 118,000 in the U.S.
But Keystone XL is only a fraction of the potential that could be released if Mr. Obama changed his energy policy. In a study commissioned by the American Petroleum Institute and released last week, the energy consultancy Wood MacKenzie estimates that pro-development policies could, by 2030, "support an additional 1.4 million jobs, and raise over $800 billion of cumulative additional government revenue."
On the other hand, according to the study, current policies "which slow down the issuance of leases and drilling permits, increase the cost of hydraulic fracturing through duplicative water or air quality regulations, or delay the construction of oil sands export pipelines such as Keystone XL, will likely have a detrimental effect on production, jobs, and government revenues."
A serious jobs proposal would address these issues. Mr. Obama doesn't have one.
Write to O'Grady@wsj.com
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 THE CAUSE OF THE PRESENT DAY AMERICAN ECONOMIC CRISIS IS THE LACK  OF COMPETENCE AND REAL DEVOTION TO THE NATION. 

By Peter Martori

TO GET THE OIL ON THE SAME AMERICAN TERRITORIES HAS  SEVERAL ADVANTAGES :
1.- CREATION OF HUNDREDS OF THOUSANDS OF NEW JOBS.
2.- SAVING  MONEY TO THE NATION BY  ELIMINATING IMPORTATION OF THE OIL
3.- DIMINISHING OR LOWERING THE PRICES OF AMERICAN PRODUCTS AND TRANSPORTATION.
4.- ALLOWING AMERICAN PRODUCTS TO BE COMPETETIVE BECAUSE THE CUT IN PROD. COSTS.
5.- ALLOWING TO RECOVER  LOSSES AND FILL THE COFFERS OF THE NATIONAL TREASURE.
6.- ELIMINATING AMERICA'S DEPENDANCE FROM FOREIGN OIL .

IT IS NOT BY FLOODING WITH MORE DEBT DOLLARS THE ECONOMY THAT THE PROBLEM WILL  GET SOLVED. THAT MEANS MORE INCREASES ON  NATIONAL DEBT, MR. OBAMA !

THIS SOLUTION WILL NOT ONLY SOLVE  THE JOBS PROBLEM BUT ALSO HELP THE ENTIRE  WORLD ECONOMY. EUROPE AND OTHER  AMERICAN NATIONS WILL BENEFIT FROM A RECOVER OF AMERICAN ECONOMY.

THE CAUSE OF THE PRESENT DAY AMERICAN ECONOMIC CRISIS IS THE LACK
 OF COMPETENCE AND REAL DEVOTION TO THE NATION. By Peter Martori

The incompetents are so irrelevant when sorting out solutions for the present crisis, that

they should out of respect for their electorate base, resign ipsus facto outright.

Then people are wondering about the choices they made at the last presidential elections,

when they see and corroborate the tremendous mistake listening to the “snake charmer” whose chant was “CHANGE”. But change what?

Was not America the most attractive society in this world for millions of immigrants?

If that is the truth, then what were those changes that the democrats were proposing about?

Or what for the so said “changes” they claim are needed? Or for who?

This time around the American average citizen is not going to be duped and influenced by the left leaning biased journalists that are ever present in the Mass Medias.

Those hypocrites try to undermine the real Democracy by using all their dirty biased criticisms on the people in the other side of the political spectrum. Aggressively asking questions that are irrelevant or detrimental to the candidates they do not like, while on the opposite, facilitating to their favorites candidates the nicest possible presentations with anodynes questions or the ones that would not endanger the candidates image.

These behaviors are not only unfair, but also outright dirty and a despicable unmoral way to try to influence and induce the common people into error or in other words: a mistaken appreciation of the candidates in lice.

These leftists within our democratic system, are and have been prone to apologize and even defend the most repressive regimes in History: the regimes under the Marxist-Leninist dictators or totalitarian governments that relate more to a criminal mobster gang than to any socialist ideology. Yet these hypocrites and their discredited Marxist agenda or the Marxist dictatorship disguised as socialism, keep on promoting the doctrine that gives them the opportunity to satisfy their revengeful ambitions, their thirst for destroying what they think is the cause of their own failures and jealousies: Capitalism.

These are people full of resentments and hate. These people are not looking for Justice, or what they call “social justice “. They are looking for the imposition of a tyranny whereas they could opportunistically and cowardly gain access to positions from which they can exert and apply all their hate and revengeful feelings against those they had so much envied. They would thrive and delight in humiliating, repressing and depriving people of their belongings under a “social project “ that they call egalitarian or “socialism”…SIC!

They would give a damn when the whole of the Economy succumb to their incompetence and

whimsical management of the nations resources and assets. Their only goal and motivation is to

satisfy their thirst for revenge, to see the richer and the middle classes deprived of their Freedoms and Rights, dispossessed of their properties and belongings, humiliated and fearful of their hatred.

If the Economy goes down, if the productive bases, the productive sectors of the society and the nation as a whole get down, goes stagnant or fail to render its normal and historical yields to enrich the society, they do not care. They were since always gleefully dreaming to see one day the total decomposition of the capitalism and its right to exist under Democracy.

They do not care if the jobs will vanish in the wake of their destructive and incompetent management of the whole nation Economy affaires.

Their goal is the destruction and demise of an Economic System (capitalism) that has proved to be the only and best source of welfare, development and progress for the humanity as seen in all of the most developed nations, in those nations where the right to own properties has enhanced, enriched and promoted the creation of jobs for millions of people.

Were it not for the capital investments in France, Germany, Spain, Great Britain, Sweden, or Italy, those nations would have never accomplished the feat of getting one of the most developed and richer societies. In comparison and in a huge contrast we can take the former Eastern European nations satellites or colonized by the ex-Soviet Union. To see that the misery and lack of Freedom and Democracy only lead to a backward, crude and inefficient development of the national resources in each of those former “socialist nations”.

We must remember how people tried to escape from those Eastern European nations toward the Free and Democratic Capitalist nations of Western Europe.

We can compare the two Koreas, North and South Korea. Taiwan, Hong Kong with big old China. And the former two German states, the Eastern and the Western Germany ?

But above all we all must remember how and why over 60 millions people have died under those “socialist systems “ in nations as the former Soviet Union, China, North Korea, Cambodge,

Rumania, all of the Eastern “socialist nations” and very close to the USA: Cuba.

We must remember that those millions of human beings were executed, in the name of that same ideology that the American leftist are pruning and defending as a valid system or as a just cause. A doctrine which the present president of the USA, BHO, has embraced and pushed during almost all of his youth and present day political agenda associated to those former Marxist groups from the 1960s to 1970s.

I want to clarify that any socialist idea as a socio-political tool is not a negative thing if it is used in its real and true essence and not in the form of the travesty deformation and misusage that the demagogues and would be tyrants try to use or impose it upon people. We can see socialism at work in a positive way in most of those same European Union nations. The rich, developed and democratic nations that have capitalism as a productive system while their governments implement socialist

Laws that benefit the people without taking away their rights, freedoms and properties.

There is no way to justify the crimes and atrocities committed by the communists or so called socialists in the former Eastern Europe countries and China, Cuba, North Korea, and many other undemocratic states around the world. Therefore, Marxist-Leninists, commies, lefties, socialists or

anarchists, in which ever brand that you might put these people are totally in contradiction with real socialism and democracy within which capital can prosper and create richness, jobs and a better standard of living.
Pedro Martori
 18 AUG 2011
 Trade liberty for safety or money and you'll end up with neither.
 Liberty, like a grain of salt, easily dissolves.
 The power of questioning -not simply believing- has no friends.
 
Yet liberty depends on it.

1 comment:

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más bien por correo un lanzador que me podría ayudar con un hechizo para traerlo
espalda, pero yo soy un señora que nunca creyó en hechizos, no tenía más remedio que
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