Ever since this fraudulent

Ever since this fraudulent neoclassical monetary theory, later accentuated with deregulated money creation from the air, was forced humanity, always promising "prosperity", all we can see are daily growing inflation, lower wages, loss of jobs, foodbank lines, environmental destruction and increasing poverty.

The amazing part of this crime wave is that our so called "conservative" governments can still get away with it and people still fall for their lies ?

Of course, the leading of people to their doom with the installation of "faiths", has always been the main reason for the constant repetitions of the tragedies of history and economic theories are nothing more than pseudo religions.

I've spent over 60 years researching this subject and still can't understand how the crooks who are selling this fraud have been able get away with its boring repetitions for thousands of years?

Will humanity ever wake up ?

Ed Deak.

Ed, it's very simple, the

Ed, it's very simple, the reason these fraudsters get away with it is because they constantly lie. I don't know if they know the truth and if they did it wouldn't make a difference. If one wants to get a hint their bullshit tactics just tune into Michael Campbell's program on Saturday mornings on CKNW and just listen to the drivel he pukes out.

yup, lying works

[COMMENT REMOVED FOR LEGAL CONCERNS. -MODERATOR.]

ooh, heres' a thought:

You can't ruin the same beach twice, one oil spill does permanent damage so let's imagine an "accident" by a theoretical big, bad oil company early in the game that destroys what is being protected so there is nothing left to fight over. Once we are all hip deep in tar, despair will set in and they can keep on their merry way unopposed. The courts can pretend to handle it the same way not a dime has ever been paid for the Exxon Valdez. Anyone been following what has ACTUALLY happened with BP's gulf atrocity?

Awwwww... I guess I'm too cynical for the Pollyanna world of global resource extraction, everyone knows what head in the clouds idealists oil executives are with their airy-fairy support of the arts with stuff like feel good TV commercials. I should stop now, I bet I hurt their feelings...

The lies

People would, in general, rather be lied to about utopian possibilities, than be told the harsh truth. They want to believe that things will be great, if they "just have faith", whether in religion, gov't, etc. Can't win the lottery unless you buy a ticket, right? Oh, while you are at it, buy a lucky rabbit's foot, a few other charms, and don't forget to buy the "Extra", just in case. You wouldn't want to lose hope and lose the lottery and be sad now, would you. And now the "marketing" strategists know how to manipulate that. Besides, if people realized the truths that be, we would have a revolution. The controls are in place to help prevent that, through gov't, religion, and other social stuctures. Hence gov't deperation to clamp down on the internet. Hell, if they had their way, none of us would know how to read! When someone says to me "Oh, well, what can we do about [it]?" my response is to tell them to become aware, look at their world, their lives, and do NOT forget what they see. And tell others. Wow! Does that make me an anarchist or a revolutionary?

Ed Deak, again, I salute you!

Pretty sure people aren't falling for that vapid commercial...

In fact, they seem pretty offended that Enbridge thinks we're so stupid. Have you seen all the parodies flying around the internet? And Enbridge sure is mad at Dan Murphy for his Enbridge commercial parody. Hoo boy.....powerful companies sure get p*ssy when they don't get their way, don't they? Obviously they've never dealt with British Columbians before. Every time someone does a poll, the number of opposed goes up....pretty soon they will exceed HST polls.

Spin

I am wondering, what the break even price of oil is for the tar sand mining project. I remember app 30 years ago, when Great Canadian Oil Sand consortium started out, that was around $40 per barrel. What is it now? I am sure it must have at least doubled. Oil is now around $80.

Enbridge project

Robin Allyn provides excellent analysis on the financial side of the Enbridge proposal. One thing I have not seen from anyone as yet is an analysis of what government spending will ensue if this project is approved.
We will be paying for a large number of things, including upgrades to the port in Kitimat, health care for workers, monitoring of safety for the construction workers, new tugs, pilots, Coast Guard costs for monitoring traffic and potential spills, and numerous other items. Spill cleanup is a major potential expense. For a tanker spill Enbridge has no responsibility.
In addition I have no doubt there will be government assistance in building the pipeline itself, either in the form of grants or taxation reduction through special writeoffs.
I am quite sure these will far exceed any potential financial benefits from the overall project.

@Fiat lux

http://northerninsights.blogspot.com/2012/06/historys-mistakes-repeated.html

Pay attention to Bradford DeLong's Perils of Prophecy:

"[Monetarists] Not just a little wrong. Completely wrong.

"Of course, we historically-minded economists are not surprised that they were wrong. We are, however, surprised at how few of them have marked their beliefs to market in any sense. On the contrary, many of them, their reputations under water, have doubled down on those beliefs, apparently in the hope that events will, for once, break their way, and that people might thus be induced to forget their abysmal forecasting track record..."

Who's Zooming Who?

Enbridge continues to run TV ads praising their tar pipeline proposal even though the a growing majority regard the environmental stewardship message as a big fat lie. The more exposure the ads get, the more solid the condemnation becomes. If the ads are intended to persuade the public, Enbridge appears to be making a big fat mistake.
Harper's omnibus budget employs deception to smooth the way for oil development; the government threatens to flatten all dissent to the tar pipeline by the authority of the "majority of Canadians," as Harper likes to refer to his mere parliamentary majority. Yet every school boy knows First Nations west of the Rockies, most of which have not as yet settled their treaties, have the Constitutional right to block the tar pipeline proposal.
Everybody knows Enbridge is lying when they say a majority of FNs along the pipeline route in BC support the proposal. If they think the 'Big Lie' technique will work eventually, perhaps they don't see the potential for the PR to backfire. Is Big oil and their government backers that far out of touch? There's so much money riding on this , it's hard to believe there could be so much delusion among some of the principal players.

If we step back from the assumption that the lies are meant to eventually turn us into supporters, we can see the lie-generating machine is not the monolith of united interests we often assume it to be and the string of unbelievable boners are not so much targeted at the public but at the separate entities we often put in the same bag called "the establishment" or "big oil." We should understand that the big players we put in this bag, Canada, the USA, Big Oil, China, have differing motives and interests, including rivalry. A lot of the posturing we see (and often assume is aimed at us) is actually aimed at each other.

Mining projects are inherently risky. Committing huge amounts of up-front capital takes guts. Where partners are required, constant demonstration of commitment is needed to counter one of the biggest risks: the life of the mine is far longer than the term of a government. This is only the beginning of a complex and hugely consequential proposal. This a strategic game as well as an economic one: the moribund superpower USA is interested in up-and-coming superpower China's need for oil. Harper is essentially exploiting US fear of China by threatening to open up an alternative market for Canadian bitumen. Enbridge is called upon to pay for and operate the proposed pipeline in return for presumed increased profit on oil bid up between competing superpowers. There is no love between these players.

Build the pipeline to connect to Eastern Canada

There already is a natural gas pipeline. then they could share the cost of accident prevention, and we wouldn't be importing 50% of our needs.

In answer to hg, I found this from the NEB:

"What are the operating costs and the supply costs of producing a barrel of oil from the oil sands?

The estimated operating costs range from $6 to $14 per barrel for bitumen and $18 to $22 per barrel for synthetic crude oil. The estimated supply costs ranges from $14 to $24 per barrel for bitumen and from $36 to $40 per barrel for synthetic crude oil. Supply costs include operating costs, capital costs, taxes, royalties and the rate of return on investment.

At what oil price range are oil sands operations economic?

Integrated mining and SAGD (Steam Assisted Gravity Drainage) operations are estimated to be economic at US$30 to $35 per barrel WTI. However, continued escalation in material and labour costs pose a risk to this outlook. Furthermore, higher natural gas prices and blending costs would also increase this estimate. On the other hand, advancement in recovery and upgrading technologies hold potential to improve economics.

What is the NEB's projection for western Canadian oil supply, including conventional oil by 2015?

Total oil supply from western Canada is expected to grow from 365 000 cubic metres (2.4 million barrels) per day in 2005 to 613 000 cubic metres (3.9 million barrels) per day in 2015, an increase of 68 percent. In 2005, oil sands production surpassed 175 000 cubic metres (1.1 million barrels) per day, and it is expected to almost triple to about 472 000 cubic metres (3.0 million barrels) per day by 2015."
http://www.neb.gc.ca/clf-nsi/rnrgynfmtn/nrgyrprt/lsnd/pprtntsndchllngs20152006/qapprtntsndchllngs20152006-eng.html

DE-PROGRAMMING CANADA

This project is a boondoggle in the widest sense of the word.

The main contractor already has a history of pipeline leakage in mid-western United States operations. This area of British Columbia is prone to offshore tidal influences and inland terrain hazard landslides as described in:

“Linear infrastructure is at continued risk from a variety of landslide types in west central BC. The landslides range
from shallow debris slides and flows, to massive rapid, rock slides, and rapid low gradient earth flows and flowslides.
The risk is likely to rise under scenarios of a warmer and wetter climate as the pressure for more infrastructure
increases.”

LANDSLIDES AND LINEAR INFRASTRUCTURE IN WEST-CENTRAL BRITISH COLUMBIA
Authors:
Marten Geertsema
BC Forest Service, Prince George, BC Canada

James W. Schwab
BC Forest Service, Smithers, BC Canada
Andrée Blais-Stevens
Geological Survey of Canada, Ottawa

Advertising.

You can always tell when the ad campaign reaches a crescendo there is likely a lot untrue about the message. The more they try to convince you of something the greater the lies. I know some people will go out there and buy the latest gadget advertised by some TV huckster - Even Peter Popoff sell a green hanky to wipe out your credit card debt and some people fall for it. Enbridge ads have become a joke. Their record is clear.

Advertising.

You can always tell when the ad campaign reaches a crescendo there is likely a lot untrue about the message. The more they try to convince you of something the greater the lies. I know some people will go out there and buy the latest gadget advertised by some TV huckster - Even Peter Popoff sells a green hanky to wipe out your credit card debt and some people fall for it. Enbridge ads have become a joke. Their record is clear.

Let's screw up our environment some more

Off shore companies laugh at us, all they see is $$. I hope no one falls for this.

Of course, advertising is a

Of course, advertising is a tax deductible expense, therefore we the public are paying for all the brainwash directed at us, including Enbridge's propaganda campaign.

Ed Deak.

Enbridge economics.

I think we need to consider this project as a an attempt to add value to our natural resources. Take a duck, any duck. Value? monetarily negligible. But take that same duck and coat it in petrogoo and you've got a good home-grown cottage industry tracking down and laundering and rehabilitating that duck. Value? priceless!

The dirtiest oil in the world, across pristine wilderness. No!

Albertans should refine the bitumen first so it can be pumped without solvents. When it spills, it will cause less of a catastrophe.

If it is a pathway to our future, make it a clean path, not an oil slick.

Why Northern Gateway is needed- the economics of the oilsands

"Enbridge's Northern Gateway project would expand production in the oil sands three-fold. The $5.5-billion pipeline proposes to move toxic condensate and diluted bitumen over 700 salmon-bearing waterways in two 1,000 kilometre long pipelines from Alberta to the port of Kitimat."
Interesting that the goal of the expansion is to dramatically increase the size of the oil sands complex, particularly since overall demand for petroleum products is at 1997/8 levels and gasoline demand is back at 2002 levels. But it makes sense when you put this in the context of the tar sands oil production cost breakeven price being $60/barrel, oil currently at $80/barrel and some recent forecasts calling for $50/barrel in the event of a European financial crisis. The only way to prevent the possibility of the Alberta tar sands complex becoming unprofitable in light of current prices and forecasts is to increase the scale of production, which should reduce the average cost of production (breakeven price) and keep the complex and $100's of billions of dollars of oil company investments profitable.

I suspect this is the reason behind the Harper government's overhaul of the Environmental Assessment Act (coincident with the NG pipeline proposal),which effectively tosses 20 years of improvements in environmental protection and related legislation out the window. To keep the Alberta oil sands commercially viable.

It's always all about the money.

well, yes

but WHO'S money?

Are you ready?

It is obvious that Harper's cons are going to shove the Northern Gateway down our throats in effect by force. Bill C38, by changing the rules to allow the Cabinet to overrule the NEB,(now a government toady anyway)allows Harper to do this. Albertans stand to benefit financially and have never cared about anyone else so they won't stand up to Federal bullying. The question is will BC? Ask yourselves are you prepared to stop this pipeline being built? Are you as a Canadian soldier prepared to kill Canadians protesting and stopping this pipeline? Make no mistake the Federal Government can and will use force against those brave enough to literally stop Enbridge.
I'm going to be out there stopping it, will you be or as usual sitting on your duff figuring somebody else will fix the problem. The apathy in this province astounds me.