PATCH

Wind/Solar+Backup are now where US Shale Oil was in 2013. Shale oil destroyed private capital but created cheap energy for society. RE will destroy public capital leading to expensive energy, a double whammy.

@PSworldwide13 CVE’s high decline dry gas in the Deep Basin will dilute their value on a flowing BOE basis. Apples and oranges imo

Was meg per flowing barrel worth more than cve?

Didsbury Alberta, population 5100 SOLVED THE PROBLEM with 30 words. THIRTY WORDS is all it took.

Mid-April is the breaking point. The end of April is the point of no return. Iran knows the math. Goldman, Energy Aspects, and pretty much anyone who analyzes the oil market knows this.

I got a call from the White House after this hit on Jesse Waters’ Fox News show last night about the fraud in California. There is a reason Gavin Newsom looks so terrified right now. He should be. Buckle up. The fraud investigation is about to get insane. Starting this week…

@DiveBomb321 Smart choice! We’re a Banana Republic

@PATCHnHrd I'm just making fun of draft dodgers, but don't worry the Canadians on X have completely discouraged me from ever living in Canada. 😂

I hear Canada is great this time of year. 😂 On a serious note, this is telling.

@HardTruths25 In 2022, Canadian O&G contributed $45.5 Billion to government (royalties and income taxes). This does not account for any payroll tax from the ~140,000 people employed in O&G or Carbon Tax paid. For context, the Manitoba provincial budget in 2022 was $19.2 Billion.

@CapitalCronik Yea I’ve seen the “reports” and how they swing this narrative so the low IQ’s can rally behind the headline.

@PATCHnHrd Well in North America we absolutely subsidize the energy section. What world do you live in?

Energy companies subsidize governments. Governments do not subsidize energy

@theRealBo786 @mcneillb Energy tourism is a disease. The CBC has completely rotted his brain right out

@mcneillb @PATCHnHrd Blake just stop. You don’t know what you’re talking about.

@mcneillb lol k

@PATCHnHrd So LNG Canada is happy about this as they stand a chance to gain at no risk of losing, because they already hold an existing approval.

@mcneillb Mandate electrons. But can’t supply them. K, make it make sense. Run them on gas turbines. Less expensive (unless you’re forced to pay carbon tax!) and more reliable than grid power. Canadian logic!

@mcneillb Compressors needed to move 4bcf on Costal needs to be electrified to meet the requirements. Along with the plant itself. Energy tourism is a disease. This is a big reason why Ph2 is not FID’d

@mcneillb West Coast LNG. Fed from the Montney in NEBC. East cost LNG only helps the US

@PATCHnHrd Shipping Alberta natural gas to the east coast was never a viable means for supplying feedstock to an east coast LNG plant as tolls and fuel gas instantly made that idea uncompetitive on the global market.

@mcneillb Our*

@mcneillb The option was for us to get out shit together before things blew up. But that’s not how we do things in Canada. Our LNG exports is another prime example. Look no further than the Net Zero reg’s and electrification requirements and can’t even be met by the grid. Shit show

@mcneillb Tell me you’ve never built a pipeline without telling me you’ve never built a pipeline…. And just so I understand…TC going 2x over with private capital is bad. But TMX going 4x over with public capital (yours and mine) is good? This is your brain on CBC

@PATCHnHrd If your a building contractor and don't know your environmental time constraints maybe you shouldn't be a building contractor. This is how they blew up their budget (strangely all occurred during construction), and blame it on the environmentalist who completed their work already

@mcneillb Pipelining is a tough game for sure. Lots of unknowns. I’ve built many. None that have gone 2-4x over mind you, but I do get it. But to say Canada did industry a favour for building TMX is misplaced, it was quite the opposite. You and I paid for that. Didn’t have to

@PATCHnHrd Now if you are some BS construction company you under bid to get the project and then because you under bid you use undersized equipment or staff and then blame it on spawning constraints when you blow your schedule.

@mcneillb A big reason for some of those cost over runs is our punitive regulatory environment. When you have to stop work because of a birds nest, that costs money. One of many government related hurtles TC had to manage. Cost of doing business in Canada.

@PATCHnHrd KM estimate of $7.4 Billion was laughable. Coastal Gaslink was half the length and didn't go through any major urban centers, and their cost estimate was $6.2 Billion which blew up to $14.5 Billion but I guess you would say that is because TC Energy was a clown show.

@mcneillb They took their money and invested in the US, ~$18 Billion in the following years. Capital is mobile and doesn’t like risk, which is why it left Canada for a safer jurisdiction

@PATCHnHrd Kinder Morgan was over $40 Billion in debt, they didn't have money to build squat never mind the TMX. x.com/mcneillb/statu…

@mcneillb You have far too much faith in Canadian governments ability to execute on anything. Look no further than TMX. Kinder was going to have it built by 2018 for $7 billion. Canada for it on in what 2022 for $30 billion? Clown show

@PATCHnHrd Norway, Saudi Arab, UAE, Qatar, Kuwait etc are just a few government run O&G industries that would happily disagree with you, but go on.