Politics and Economics

It’s a Mess … and silver linings

Subterranean Homesick Blues, Bob Dillon, from the album “Bringing It All Back Home”, 1965

Whenever I start to get depressed about the state of our local economy and the morality of our Socialist Progressive governments (see last post here) I tend to take a step back and consider all the good things globally, that’s right, I see many good things globally — good for Canada and Alberta at least.

Friend or Foe in the Middle East

Friend or Foe in the Middle East

On the right is a wonderful chart from one of the many newsletters I read …  as a proud resident of the only province in Canada with a future (in spite of looking grim right now) I see reason for hope on the horizon. Alberta’s future is intimately tied to energy and the production and export of energy resources.

To say that the Middle East is a powder keg just waiting for a spark is actually an understatement of the reality on the ground, at least as far as I can determine reading all the international news feeds, newsletters and blogs.

Now God forbid that we should pray for a major melt down in the Arabian peninsula but any way you paint a situation where our mortal enemies and OUR major competitor in global oil markets destroy themselves without our intervention is just plain good news for western Christian oil producing nations (there’s just got to be a sin in there somewhere). And Canada is at the head of the pack when it comes to production and proven reserves amongst nominally Christian oil producing nations.

OPEC Oil Exports 2014

OPEC Oil Exports 2014

One can safely assume that literally anyone trying to pretend that things there will be OK and we don’t need energy independence is taking the same drugs as the Main Stream Media and the “Trump Hate” crowd.

A determined terrorist campaign in Saudi Arabia would (hopefully) completely revise the global economy. Do you think that world oil production just might be impacted by a full scale war in a more chaotic Arabian peninsula?

Do you suppose that such an event wouldn’t be great news for North American oil and coal producers? Do you think passing laws against coal and oil consumption makes the resource mysteriously disappear? Seriously folks, “Stupid is as stupid does”, and a firm belief in a fantasy  no more alters reality than writing “Darkness!” on the wall of your padded cell extinguishes the Sun.

“Alberta”, Bob Dylan, from the album “Self Portrait”, (June 1970)

While the Progressives crow about our coreligionist’s lack of proof of God and the foundations for our religious beliefs, they never think to question the complete absence of any evidence for their own beliefs or, for that matter, for any intelligent consideration of the impacts of their own religious beliefs on the populations over which they claim to rule. C.S. Lewis’s mandarins of N.I.C.E. in his book “That Hideous Strength”  haven’t got a patch on the modern crop of mandarins in the halls of power in our fair land.

Current reality places Canada (Alberta) as the 7th largest oil producer in the world, but three of the highest producers ahead of us on the list are Muslim nations who are prominently center stage in the chaos of the Arabian peninsula. In fact it is not unreasonable to attribute all the chaos in the geopolitical environment found today in the Arabian peninsula to the internecine rivalry between these three Muslim nations.

Countries by Oil Production

Countries by Oil Production – CIA factbook 2013

Any significant change in the geopolitics of the Middle East could catapult Canada (Alberta) to 4th place in the production charts at 3.6 million barrels a day after Russia, U.S.A. and China.

This in spite of the willful stupidity of her government(s). Even the NDP are essentially powerless to screw up the global economy, and I am optimistic that they will not be able to permanently damage the most productive Province in Canada.

An even more important part of the picture is the proven reserves picture. Another slice of reality is that Canada (Alberta) is currently in 3rd place  after Venezuela and Saudi Arabia in proven reserves. In a world economy suddenly deprived of access to half of global energy resources “Who Ya gonna Call?”. If you are looking for stable sources for your energy supplies do you pick a nation where violence and corruption are the rule of the day, or do you pick the nation where peaceful rule of law prevails?

Now a little corruption goes a long way to grease the wheels of governance and Canada has fallen a long way from the 50’s when we had the international reputation as the most honest bureaucracy on the planet. I suspect only the slightest nudges would be necessary to move our political masters in the appropriate direction. After all, our current governments are full fledged players in the “Pay to Play” schemes historically developed in other world capitals.

Oil Producing Countries

By Ekrub-ntyh at the English language Wikipedia, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=1914119

It may come as a shock to some but we have enough energy reserves right here in Alberta alone, including all sources, to fuel current and projected demand in North America for the next 4 to 5 hundred years. You read that right, enough energy to fuel current and projected demand in North America for the next 4 to 5 centuries.

Back in the late 70’s early 80’s I worked as a contract administrator for a company called JOY Manufacturing. Among other things we produced electrostatic precipitators and bag filter systems for heavy industries like steel mills, foundries, paper mills and especially for coal fired electrical generation plants.

For at least 40 years now we have had the technology to clean emissions from coal to at least approximately the levels produced by natural gas. These systems are currently in use all over the world. The only thing preventing their adoption here is religion and politics.  Canada also developed and produces the safest nuclear reactors on the planet and a large chunk of the fuel for those reactors

But using that clean energy technology flies in the face of the religious position of the Socialist Progressive ninnies in our governments. It’s just A-OK with them to impose their version of the “final solution” to eliminate inconvenient babies and seniors but Gaia forbid we should use clean coal technology to give every one cheap electricity.

The only thing standing in the way of Canadian global dominance in oil production is weak prices and government policy. The Venezuelan government did a pretty good job of destroying the rosy future for it’s people and Alberta’s government is looking to try the same path right now.

Given the current state of “Rule of Law” in Canada I think we are a long way from following the Venezuela model. Notwithstanding the rule of law there are still legions of zombie voters in Redmonton who could conceivably keep the NDP in power for more than 1 election. We will no doubt see that play out since we are not considering moving away just yet.

So the point of this polemic is that there are actually lots of reasons for optimism despite current conditions in the neighbourhood.

Cheers

Joe

cooling stacks steam plantSo we can pay $100.00 per month for electricity using steam , or $1200.00 per month for electricity using wind and solar.  Seems like a no-brainer to me. So come on voters, we’ve had our Friday night stupidity binge, let’s change the landscape of Canadian politics and turf the Progressive parasites out.

 

 

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