Allen
150.3K posts
🚨Breaking: Moody's downgrades British Columbia's credit rating, again. "Shifting British Columbia from having one of the lowest debt burdens to having one of the highest among regional peers." Population is dropping, economy is shrinking & wait till they figure out the impact of the impact with its land surrender to First Nations...
@Arlene1971 Moraine Lake is in federal property. If Alberta were to separate, you'd be a passport to visit Moraine Lake
🚨BREAKING: Qatar just declared force majeure on LNG contracts to Italy, Belgium, South Korea, and China. For up to 5 years. Here's what the CEO just told In an exclusive interview with Reuters, Qatar's Energy Minister and CEO of QatarEnergy just confirmed the damage from Iran's attack on Ras Laffan. It's worse than anyone thought. → 2 out of 14 LNG trains damaged → 1 of 2 gas-to-liquids (GTL) facilities damaged → 12.8 million tonnes per year of LNG offline for 3-5 years → 17% of Qatar's total LNG export capacity gone → $20 billion annual revenue loss → $26 billion in damaged facilities (the CEO said they "should not be attacked") QatarEnergy may declare force majeure on long term LNG supply contracts to: → Italy → Belgium → South Korea → China For up to 5 years. Additional exports declining: → Condensates: Down 24% → LPG: Down 13% → Naphtha: Down 6% → Sulphur: Down 6% → Helium: Down 14% The damaged trains: → Train S4 and S6: 30% owned by ExxonMobil, rest by QatarEnergy Production cannot restart until hostilities cease. What this means? 12.8 million tonnes per year = 17% of Qatar's LNG capacity. 17% of its capacity just disappeared for 3-5 years. Italy, Belgium, South Korea, China: These countries had long-term contracts with Qatar. Force majeure means those contracts are suspended. They now have to compete in spot markets for replacement cargoes. Against each other. And against every other buyer scrambling for LNG. $20 billion per year in lost revenue for Qatar. $26 billion in facilities damaged. The only country with capacity to absorb Qatari volumes at scale is the United States. I wrote a full breakdown on how this shift benefits US LNG producers and which stocks are positioned to win from Qatar's structural supply loss👇 open.substack.com/pub/themerchan… #Iran #Qatar #LNG
It’s peak delusion for people living in the dark blue area to think voting harder for the @CPC_HQ will save Canada. It won’t. That option no longer exists. The Canada you grew up in is dead, let alone the one of 10 years ago. The only option is to leave. #AlbertaIndependence
Young Canadians keep getting more miserable Old Canadians keep getting happier Data from world happiness report: worldhappiness.report
