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Page added on July 31, 2018

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Donald Trump’s energy policy: No commitment to Canada

Public Policy

Canada is a leading supplier of oil, gas and electricity to the United States, so the Trump administration’s overall attitude and policies toward energy are critical to many Canadian businesses. The Trump energy agenda may not create undue barriers to entry for Canadian producers, but it will also not provide any special opportunities. Like most other elements of President Donald Trump’s America First policy, there should be little expectation that Mr. Trump has any commitment to Canada when it comes to energy.

Starting with the Middle Eastern oil shocks in the 1970s, the U.S. became increasingly reliant on oil and gas imports to fuel its economy. Over the past 45 years, U.S. oil imports rose steadily to such an extent that by its peak in the mid-2000s, imported oil had climbed to nearly two-thirds of U.S. oil demand. That cycle was broken a decade ago thanks to “fracking” – using advanced energy extraction technology to reach gas and oil reserves trapped in porous rock.

U.S. domestic energy production has since risen steadily, resulting in reduced reliance on imports of both oil and gas, as well as growing U.S. oil and gas exports. The Trump administration wants to accelerate this trend. Exploration is being encouraged offshore and on federal lands. This expansion joins increased investment in tertiary oil recovery in the Bakken, Permian and other fields, and in gas exploration and production in many locations.

The Trump administration’s electricity policy is actively seeking to keep aging coal and nuclear plants in operation – despite the growing availability of cheaper electricity sources. The priority given to coal in particular is not based on business logic – there is little economic benefit from a return to coal-based electricity generation. Natural gas for producing thermal power is now plentiful and relatively inexpensive, and renewable solar and wind-generated electricity is available at prices that are increasingly commercially competitive.

The most likely long-term impact of the Trump administration’s electricity agenda would be higher electricity prices for U.S. consumers, reduced profitability for utilities and higher-than-necessary greenhouse gas (GHG) emissions. Although Mr. Trump walked away from the Paris Agreement on climate change, many states, cities and electric power producers remain committed to cutting GHG emissions in their jurisdictions.

Mr. Trump is also putting American energy interests first, even if it comes at the expense of historic relationships. The President’s criticism of German natural gas imports from Russia was a not-too-subtle message that Germany should diversify its sources of supply – by buying natural gas from the United States, rather than from Russia.

How do Canadian producers and exporters of oil, gas and electricity respond to the Trump energy agenda? Since 2010, oil imports from Canada to the United States grew steadily to four million barrels a day in 2017. While this growth has effectively crowded out imports from many other countries, Canada is not fully benefiting, because Canadian crude comes with a significant price discount compared to global oil prices. This is the cost for Canada of essentially selling to only one foreign market. Meanwhile, natural gas prices in North America have gone through a pronounced period of moderation, and imports from Canada by volume have essentially been flat. Canadian electricity producers have tapped selectively into the U.S. market, offering utilities competitively priced electricity with low or no GHG emissions.

It seems like a long time ago, but the Canadian energy industry was pleased by Mr. Trump’s decision to support the Keystone XL pipeline project when he assumed office. Canadian energy firms share a common interest in maintaining a significant presence in the U.S. energy market – but should also understand the limits of that market to non-U.S. suppliers.

The bottom line? Canadian oil producers have had success in growing their U.S. sales and market share. The Trump energy agenda may not necessarily penalize Canadian suppliers, but it offers no particular advantages either. It serves to re-emphasize the benefits of trade diversification and the need to take the many steps required to achieve it.

Reaching global markets directly is clearly in the strategic interest of Canadian energy producers, for both expanded sales opportunities and capturing better prices. But without adequate pipeline and shipping infrastructure, Canadian energy producers will remain dependent on a single buyer, the United States, with a fickle and self-absorbed energy agenda.

globe and mail



87 Comments on "Donald Trump’s energy policy: No commitment to Canada"

  1. Bloomer on Tue, 31st Jul 2018 9:42 pm 

    Canada will build pipelines to Tidewater. Soon the world will be awashed in bitumen. Happy times.

  2. Makati1 on Tue, 31st Jul 2018 10:25 pm 

    “Amerika today: ”

    State and local pension plans in the U.S. now have less than three- quarters of the money they need to meet their promised payouts, their lowest level since at least 2001, according to Public Plans Database figures weighted by plan size. In dollar terms the hole for state and local pensions is now $5 trillion, according to Moody’s Investors Service. -WSJ”

    https://www.zerohedge.com/news/2018-07-31/doomed-5-trillion-us-pensions-shortfall-now-size-japans-economy


    Because… If you live, work, bank, invest, own a business, and hold your assets all in just one country, you are putting all of your eggs in one basket.

    You’re making a high-stakes bet that everything is going to be ok in that one country — forever.

    All it would take is for the economy to tank, a natural disaster to hit, or the political system to go into turmoil and you could lose everything—your money, your assets, and possibly even your freedom.”

    https://www.sovereignman.com/trends/bankrupt-philadelphia-plunders-its-property-owners-for-cash-24007/?utm_medium=email&utm_source=sm_notes&utm_campaign=notes&utm_content=2018730_phil_pension

    Slip slidin’…

  3. Anonymouse1 on Tue, 31st Jul 2018 11:08 pm 

    Correction: Canada is a leading energy colony of the amerikan empire, supplying oil, gas and electricity to the United Snakes at below market rates.

    The globlist and mail, of course, will never inform its readers, many of the ‘Canadian’ energy producers it refers to in this farticle, are in fact, owned in part, or in the majority, by foreigners. Canada has some of the laxest laws on foreign ownership in the world. And don’t the snakes south of the 49th know it.

    PS: Go see a mental health specialist(s) ASAP excpetionalturd. Would you like me to post that toll-free number again? You know, in case you forgot to write it down.

  4. charmcitysking on Wed, 1st Aug 2018 3:48 am 

    Is there much demand for Canadian bitumen in the global market? Why would refiners outside of the USA pay for Canadian heavy that they would have to blend lighter crude with? Doesn’t seem very profitable.

  5. Antius on Wed, 1st Aug 2018 4:47 am 

    Analysts predict a supply shortage by 2020.

    https://oilprice.com/Energy/Energy-General/Is-A-Supply-Crunch-In-Oil-Markets-Inevitable.html

    Ten years ago, 2020 was exactly the date at which most analysts were predicting peak liquids. That prediction appears to be dead on the mark from what we are seeing today. New investments in non-conventional oil (mostly US and Canada) are insufficient to fill the gap left by the 6% decline rate in large old conventional fields worldwide.

    Deffeyes, Campbell, Simmons and others; were correct in their estimates of the late 2000s being the peak date for conventional oil production. Since 2008, conventional oil production has plateaued worldwide and declined by about 30% in OECD nations.

    What is less certain is how the approaching financial crisis will effect new investment heading into the 2020s. Whilst a peak is inevitable, the rate of investment going forward will ultimately determine the gradient of decline in liquid energy production. Unfortunately, the world is heading into an economic crisis that will likely push prices back down to $40 per barrel, whilst at the same time reducing the funds available to invest in alternatives, such as renewable and nuclear energy; electric / hybrid cars; and public transport initiatives. This would appear to destroy our ability to mitigate the problem.

  6. Makati1 on Wed, 1st Aug 2018 5:23 am 

    Good analysis, Antius. It will be the timing and the extent of the financial crash coming that will determine the amount of oil and price. It seems 2020 may be spot on.

  7. Davy on Wed, 1st Aug 2018 5:49 am 

    The big question is “WHEN” because so many were talking about a financial crisis in the beginning of the QE and rate repression policies post 08. What happened was a recovery or sorts not to what we had but a new normal of an altered financial reality. Then there were so further scares with China growth then they had a huge credit growth. Europe had their scare and they plugged the gap. When you are on a sinking ship you know it is going down but when the damage is uncertain and critical equipment still functioning this ship can limp along for some time. It might sink catastrophically. This is where we are at. We have yet to go into an aggregate global recession. We have pockets of recessions in regions and sectors. We have fake growth and wealth transfer induced oncome class recessions. Yet, the global economy is in an undulating curve of growth that is flattening. This could go on for a time because when you don’t care or really know the outcome of your policies then you try whatever you can. Central banks are experimenting and it is unclear where they will go next. The business cycle is at a historic high but this is a new normal. It appears the global central banks will do whatever it takes until the bitter end.

    If we have a global recession and it is not too bad this may actually extend out the peak even further with oil because we will have demand destruction freeing up supply. This will likely not be a healthy recession like dad’s recessions where bad debt and poor performance were clean out of the system. This time around it will be structurally ugly because of all that debt and unfunded liabilities. Governments and industry are deep in debt. A recession this time will lower economic activity so that the current situation cannot be cleaned it will be destructive so in that regards it could be an end game but maybe not a quick one. The support that all this debt has delivered will not be there. It is possible we might have hyperinflation if confidence is lost. Global trade networks could freeze up.

    It is my hope we bang along like we are with enough time to get more alternatives built out and possibly more people on board that this is a sinking ship and behavioral changes are needed. If we could change some behavior then maybe we can limp along even longer. Terminal illness is something you want to manage not throw in the towel.

  8. Davy on Wed, 1st Aug 2018 5:58 am 

    “Futures, Yuan Slammed As US Plans Higher Tariffs On $200 Billion In Chinese Imports”
    https://tinyurl.com/y7toarlt

    “China is “in a very difficult position,” following the EU agreement, said Lawrence Kudlow, director of the National Economic Council in a Sunday appearance on CBS. “China is, I think, being isolated.”

    “Beijing appears to be digging in for a long fight, reports the Journal, after President Xi Jinping oversaw a high-level meeting on Tuesday which “signaled a shift in economic priorities toward supporting growth through means such as debt control.”

    “So far China has been hesitant to push so hard that US businesses abandon the country – which would be a giant blow to Beijing’s efforts to attract foreign capital and keep their citizens employed during an increasingly worrisome economic contraction. To assuage fears, a statement released from Tuesday’s meeting reads “legitimate rights of foreign companies in China will be protected.”

  9. deadly on Wed, 1st Aug 2018 6:29 am 

    The Globe and Mail doesn’t know that US produced oil is shipped to Canada by pipeline.

    The dog ate their homework. Crow for supper.

    It’s true. Canadian oil companies are in the Bakken right now. If a Canadian oil company is working the Bakken in the US, the oil they drill and produce belongs to them. It’s theirs, less the mineral owner’s share. The mineral owner owns all of the oil, the oil company drills and pumps it for 5/6ths of it. Just the nature of the beast.

    Chinese oil companies have investments in Canada to mine oil from the Athabasca Tar Sands, so it makes sense to build a pipeline through British Columbia to ship oil to China, since the oil will belong to Chinese oil companies. Got to get the oil from Canada to China somehow, afterall, it is China’s oil, it just happens to be in Canada.

    Canada has oil and their oil is for sale. Why else would you have more than you consume on a daily basis if you didn’t want to sell it?

    Somebody has to go and get the oil, like you go and get the gold in the Yukon, you get the oil in Alberta. Canada is open for business, really, when you get down to it. If you can make it work for you, that’s great.

    If nobody wants crude oil, guess what? It will be a waste of time and money to have crude oil by the millions of barrels sitting around for nothing. Turns out, everybody wants oil.

    Whoddathunkit?

    What is this business of a Trump agenda? And somehow it has an effect on markets?

    Hilarious.

    Everything is going to go no matter what Trump does or says, it won’t stop anything. Might cost you some more money to have your electricity, but that is nothing new, Obama did the same thing, idiocracy reigns and rules anymore, too bad. If you want to blame Trump, go ahead, but he’s just a bozo on the bus, when the truth be known. He may not know it yet, I won’t hold my breath.

    You’d think Donald Trump is running the show, making the business a profit. Funny, gone broke six times over the course of his business life and career and still has eight billion dollars. Show me the money.

    Just who in the hell does President Trump think he is anyhow?

    Why anybody would think Trump is going to stop ongoing worldwide trade is off their rocker. If they are thinking that, they’re just plain looney.

    Ain’t gonna happen.

  10. Makati1 on Wed, 1st Aug 2018 7:12 am 

    I agree, deadly. Trade can and will go on with or without the Us. 7,000,000,000 other consumers will pick up what the Us doesn’t want/cannot afford. That works out to about $1 per day per capita on average. That means that each American will not have about $12,000 worth of imports to consume every year. Aw! Too bad! LOL

  11. Davy on Wed, 1st Aug 2018 7:16 am 

    “I agree, deadly. Trade can and will go on with or without the Us. 7,000,000,000 other consumers will pick up what the Us doesn’t want/cannot afford. “
    Nonsense, you have the economic background of a 13 year old.

    “That works out to about $1 per day per capita on average. That means that each American will not have about $12,000 worth of imports to consume every year. Aw! Too bad! LOL”
    WTF kind of economic analysis is that???

    More subjective emotional comments at work making this board less relevant with visitors who know better.

  12. Makati1 on Wed, 1st Aug 2018 7:29 am 

    “”Quoted by Reuters, Erin Ennis, senior vice president of the U.S.-China Business Council, said a 10 percent tariff on these products is already problematic, but more than doubling that to 25 percent would be much worse.

    “Given the scope of the products covered, about half of all imports from China are facing tariffs, including consumer goods,” Ennis said. “The cost increases will be passed on to customers, so it will affect most Americans’ pocketbooks.”…

    https://www.zerohedge.com/news/2018-08-01/china-vows-retaliation-us-blackmail-if-trump-hikes-tariffs

    What do YOU buy from China? I bet you don’t know, but you will when it costs 25% more. China is going to retaliate in kind. And, the Us government will pocket the tariff fees, not you. I hope you are prepared for the cost, to your wallet, for Trumps war on imports from all over the world. A 25% increase in your cost of living may be in the near future. Slip slidin’…

  13. Antius on Wed, 1st Aug 2018 8:32 am 

    If this piece of information is close to being true, then economic downturn cannot be far away for Asia and by extension, for the rest of the world:

    https://www.zerohedge.com/news/2018-07-30/record-18-chinas-gdp-goes-debt-service

    Trump’s tariffs may be the pin that finally bursts the Chinese bubble, but I suspect the bust was coming soon anyway. This will come as a surprise only to those that haven’t been paying attention:

    https://surplusenergyeconomics.wordpress.com/2018/07/02/130-grand-bargains-dangerous-choices/

    Sinophobes may rejoice, but our own (i.e. western, white world) situation is hardly anything to celebrate. Britain in particular is bust, for reasons that have nothing to do with Brexit and everything to do with the fact that our domestic energy production has plummeted and we have lost the expertise, infrastructure and intellectual property needed to build anything that anyone wants to buy.

    https://surplusenergyeconomics.wordpress.com/2018/07/20/131-not-about-brexit/

  14. Davy on Wed, 1st Aug 2018 8:56 am 

    “What do YOU buy from China? I bet you don’t know, but you will when it costs 25% more. China is going to retaliate in kind. And, the Us government will pocket the tariff fees, not you. I hope you are prepared for the cost, to your wallet, for Trumps war on imports from all over the world. A 25% increase in your cost of living may be in the near future. Slip slidin’…”

    Plenty of other nations to step in and take up the slack and some cheaper. New sources may not appear overnight but that will be the trend. Let’s face it a significant amount of China’s exports are low value. A chunk of that is basically land fill material we don’t need. It will also force US consumers to consume less and less junk. Bring it on, I hope trade talks fail. I want to see a gradual reversal of globalism and its economic and social trends. Screw globalist!

  15. GregT on Wed, 1st Aug 2018 9:46 am 

    “Plenty of other nations to step in and take up the slack and some cheaper.”

    I thought you said “screw globalist” Davy.

    Other nations stepping in to take up the slack would simply be more of the same. The exploitation of cheap labor, and offshoring of our CO2 emissions and industrial pollution, in a feeble attempt to prop up our now largely service based and wholesale/ retail sector economies.

    If not for China, instead of the illusion of recovery from the 08 global financial crisis, which originated in the U.S., our economies would have already collapsed.

  16. Davy on Wed, 1st Aug 2018 10:21 am 

    I agree grehgor, China of the top of my head likely created more infrastructure, credit along with malinvestment than the rest of the world combined in the 21st century. They now are addicted to debt and their economy teetering on ruin.

    I said take up the slack not increase globalism. Big difference.

  17. GregT on Wed, 1st Aug 2018 10:33 am 

    “I agree grehgor, China of the top of my head likely created more infrastructure, credit along with malinvestment than the rest of the world combined in the 21st century.”

    I wouldn’t consider creating infrastructure as malinvestment Davy, and China is buying up ‘resources’ globally, also not what I would consider to be malinvestment.

    “They now are addicted to debt and their economy teetering on ruin.”

    Our economies are addicted to debt, and our infrastructure and resource bases are crumbling and dwindling, respectively. We are massively going into debt, while our economies are faltering, and we have nothing thing to show for that debt other than bubbles of epic proportions, while the Chinese economy and infrastructure continues to grow.

  18. GregT on Wed, 1st Aug 2018 10:51 am 

    “I said take up the slack not increase globalism. Big difference.”

    Taking up the slack of lost production from China, by looking to other countries for that production, is still globalism Davy.

  19. MASTERMIND on Wed, 1st Aug 2018 11:08 am 

    Global heatwave is symptom of early stage cycle of civilization collapse

    https://medium.com/insurge-intelligence/global-heatwave-is-symptom-of-early-stage-cycle-of-civilisational-collapse-efef3c1dd7eb

  20. GregT on Wed, 1st Aug 2018 11:23 am 

    The global heatwave is a symptom of modern industrialism MM, and the longer modern industrialism continues on, the larger the global die off will be, up to, and in all likelihood including, a global mass extinction event.

    More likely to happen within your natural lifetime, than in mine. You would be wise to hope for a collapse of modern industrialism, much sooner than later.

  21. Antius on Wed, 1st Aug 2018 12:01 pm 

    “If not for China, instead of the illusion of recovery from the 08 global financial crisis, which originated in the U.S., our economies would have already collapsed.”

    I think this is probably true. The extreme cheapness of Chinese products has helped cushion the impact of declining real incomes in the West. Then again, the growth of China is a direct cause of declining Western incomes, though far from being the only cause – demographic decline is due to our own diseased condition. It is also difficult to imagine that global physical resources would be as overstretched as they are, if it weren’t for the Chinese economic explosion. So it is both a partial cause and partial cure of America’s problems.

    A large part of the problem is that China has stripped the West of its manufacturing industries. It was able to do this not primarily because of cheap labour, but because it is logistically easy to set up operations there; it has good transport infrastructure; coal based Chinese energy is cheap; enormous economies of scale – even by US standards; and a Neocon cultural mindset that favours unrestricted borders and turned a blind eye to Chinese mercentilism. The Chinese are especially mercantile when it comes to capturing manufacturing technologies and will happily steal them.

    What is often forgotten about manufacturing is that it provides excellent export incomes, since products are easily tradable; pays very good wages to most workers, as human work is heavily leveraged by artificial energy through machines; and also allows the build-up of technological expertise.

    Nations with strong manufacturing economies are seldom poor; Germany is one of the few 1st world nations that has successfully maintained its prosperity since 2005. It did this in spite of heavy pensions burdens, reunification costs, a migration crisis and a disastrous energy policy. It was strong enough to survive some of the most stupid political idealism in Europe. Because manufacturing is often based on proprietary and often secret processes, there is often little competition and increased costs can easily be passed on to consumers without fear of losing to competition.

    Conversely, service dominated economies without high levels of manufacturing, tend to be characterized by low average incomes and high inequality. Because it is mostly middle-class wages that fund government revenues through taxation; the decline of US manufacturing is a direct cause of high government deficits, infrastructure decay, pension shortfalls, etc. The loss of manufacturing is also to blame for rising personal debt, as it correlates with declining middle-class /working class incomes.

    But manufacturing requires cheap energy and a regulatory regime that keeps other costs at reasonable levels. The decline of cheap energy in western countries was one of the key drivers behind the loss of manufacturing industries to China, which had (as of 2000) dirt cheap coal.

  22. onlooker on Wed, 1st Aug 2018 12:17 pm 

    More likely to happen within your natural lifetime, than in mine. You would be wise to hope for a collapse of modern industrialism, much sooner than later.—MM, has trouble understanding the difference in Degree of our modern Economies collapsing and the end to the conditions of this planet that sustain much of the life on it

  23. MASTERMIND on Wed, 1st Aug 2018 12:21 pm 

    Onlooker

    When the economy collapses that is the ball game for everyone..The global economy is the software that runs the world..If it crashes and burns we all fucking die..why is this so fucking hard for people to understand..An economic collapse means, every corporation, every social program, every government, every currency, going bankrupt at once..it means all hell will break lose, all the worlds nuclear plants melt down and explode.

    anyone who wishes that could come soon if a fucking moron..

  24. MASTERMIND on Wed, 1st Aug 2018 12:25 pm 

    Onlooker

    Simple really….when the World Economy Collapses everything shuts down…the end… We’re talking about grids down all over the world and 7.5B people dropping like f*** flies in short order. The collapse will be absolutely horrible..There is no collapse or horror movie ever produced that has even come close to imagining what the collapse of BAU might look like. I’m talking about every corporation and every social program going bankrupt at once. I’m talking about people eating people. I’m talking about the Worst Catastrophe to ever happen in the history of mankind. Nothing has ever, or will ever come close…

    https://imgur.com/a/pYxKa

  25. onlooker on Wed, 1st Aug 2018 12:56 pm 

    And Greg and Makati, have told you that in North America and other places people have been living off the Grid or are making plans to do so. The Nuclear situation is a nightmare. And yes nothing is going to be pretty that’s for sure. My point is expect survivors living like hunter/gathers-farmers. But when the Environment goes so does everybody

  26. Antius on Wed, 1st Aug 2018 1:20 pm 

    I bet MM loves the Walking Dead. I bet he secretly wishes he was Rick Grimes 🙂

  27. onlooker on Wed, 1st Aug 2018 1:26 pm 

    Only the Dead won’t be walking, good news for the Living haha. A sparsely populated Earth all for themselves until Cancer gets them. damn

  28. GregT on Wed, 1st Aug 2018 2:21 pm 

    MM,

    From the link that you posted above, which as per usual, does not support your assertion that “If it crashes and burns we all fucking die.”

    “Welcome to a 1C planet: the precursor of an 8C catastrophe in 82 years if we keep burning up fossil fuels like there’s no tomorrow”

    “The extreme weather events of the summer of 2018 are not just symptoms of climate breakdown. They are early stage warnings of a protracted process of civilisational collapse as industrial societies face some of the opening symptoms of having already breached the limits of a safe climate.”

    “These events are a taste of things to come on a business-as-usual trajectory.”

    “They elicit a sense of how industrial civilisational systems are vulnerable to collapse due to escalating climate impacts. And they highlight the urgent necessity of communities everywhere undertaking steps to achieve a systemic civilisational transition toward post-capitalist systems which can survive and prosper after fossil fuels.

    Which BTW MM, is exactly what many of here are already working on.

    https://medium.com/insurge-intelligence/global-heatwave-is-symptom-of-early-stage-cycle-of-civilisational-collapse-efef3c1dd7eb

  29. Dredd on Wed, 1st Aug 2018 3:26 pm 

    Dig it (The Authoritarianism of Climate Change).

  30. MASTERMIND on Wed, 1st Aug 2018 3:58 pm 

    Greg

    As usual I never said we would crash and burn from climate, I said we would from the economy..Don’t you ever get tired of arguing straw mans and taking what I say and post out of context? You are so afraid and you should be ..

  31. MASTERMIND on Wed, 1st Aug 2018 4:01 pm 

    Greg

    Just because I post a link doesn’t necessary mean I believe everything it says..Maybe next time you should ask, instead of assuming..i know that is hard for you ignorant senior citizens..you folks love to assume and generalize.

  32. GregT on Wed, 1st Aug 2018 4:47 pm 

    MM,

    Then why do you continue to post links to articles that do not support your conclusions, then constantly argue with me about my conclusions, which your linked articles do support?

  33. GregT on Wed, 1st Aug 2018 4:57 pm 

    “You are so afraid and you should be ..”

    I am not afraid MM.

    “i know that is hard for you ignorant senior citizens..you folks love to assume and generalize.”

    I am by no means ignorant MM, I am not a senior citizen, and I do not assume or generalize anything.

  34. Makati1 on Wed, 1st Aug 2018 7:50 pm 

    GregT, MM is having trouble keeping things straight in his mind. Drugs? Or just early senility? He has not lived long enough to have a good perspective on reality and how it differs from the propaganda he seems to suck up 24/7/465.

    I doubt that he reads all of the articles he posts as references, or he does not comprehend what he is reading. Drugs again? Lack of intelligence? Who knows or cares? A suicidal tendency says it all.

  35. MASTERMIND on Wed, 1st Aug 2018 8:04 pm 

    Madkat

    you can’t grow food on your island without petroleum supplies..And you can’t defend a farm if the stores run out of food..face it..when the global economy collapses..you are dead meat..

  36. Makati1 on Wed, 1st Aug 2018 8:15 pm 

    Obviously MM has no concept of the real world outside his depressed neighborhood. He assumes that oil is required to grow food. Maybe in the Us, but not here, or in many countries.

    The Philippines uses TWO CUPS of oil per person per day. Most, if not all, is used for transportation of goods and people. There is little oil used for farming, if any. The soil here is jungle. It is difficult to keep plants from growing, not trying to grow them.

    Humans have been growing their food for 12,000 years, most of whom never even knew what petroleum was or had access to any. It is only in the last 150 years that mechanical farming began using oil in any form.

    https://genographic.nationalgeographic.com/development-of-agriculture/

    Ignorance of reality is common in America.

  37. MASTERMIND on Wed, 1st Aug 2018 8:21 pm 

    Madkat

    In 2017, approximately 455 thousand barrels of oil were consumed daily in the Philippines.

    https://www.statista.com/statistics/610190/oil-consumption-in-the-philippines/

    Sorry but without all that oil your country is history..You can try to downplay it all you want with your “two cups” a day rational..But the fact remains, without oil you collapse..

  38. Makati1 on Wed, 1st Aug 2018 8:25 pm 

    Amerika the beautiful…

    “The Number Of Americans Living In Their Vehicles “Explodes” As The Middle Class Collapses”

    http://theeconomiccollapseblog.com/archives/the-number-of-americans-living-in-their-vehicles-explodes-as-the-middle-class-continues-to-disappear

    “Democratic Socialists set up shop on campuses nationwide”

    https://www.campusreform.org/?ID=11176

    “This Species is Amusing Itself to Death. The Addictive Contaminated Media Reality”

    https://www.globalresearch.ca/this-species-is-amusing-itself-to-death-the-addictive-contaminated-media-reality/5649288

    Slip slidin’…

  39. MASTERMIND on Wed, 1st Aug 2018 8:33 pm 

    madkat

    You are still alone all by yourself..And no woman wants an elderly geezer..so you are going to die all alone..Even your own family wants nothing to do with you..and i can’t say that I blame them..

  40. GregT on Wed, 1st Aug 2018 8:44 pm 

    MM,

    Why the need to constantly launch false accusations and personal attacks against Makati1? Does it help you to feel better about yourself and your lot in life?

  41. Makati1 on Wed, 1st Aug 2018 8:45 pm 

    455,000 divided by 110,000,000 (Population plus visitors, foreign students, etc. 2017) equals 0.004 bbls per person per day.

    One barrel is 42 gallons. 0.004 times 42 equals 0.17 gallons.

    128 oz in a gallon times .17 equals 22 oz or 2 3/4 cups of oil per day. Say 3 cups in 2018. After all, the Ps economy is growing at 6+% per year. LOL

    BTW: the Us consumes over 12 times that amount in a contracting economy.

  42. MASTERMIND on Wed, 1st Aug 2018 9:16 pm 

    Madkat

    See what happened to North Korea after the Soviet Union collapsed due to peak oil..they lost the majority of their oil imports and it caused a major famine where millions of people starved to death..That is what is going to happen to you soon..

  43. Makati1 on Wed, 1st Aug 2018 9:22 pm 

    There is no “Madkat” here. There is a Makati1 who will reply if his correct name is used.

  44. Makati1 on Wed, 1st Aug 2018 9:28 pm 

    The Us is being destroyed from within:

    “Washington Renders itself Irrelevant by Pushing China and Russia Closer Together”

    https://journal-neo.org/2018/08/01/washington-renders-itself-irrelevant-by-pushing-china-and-russia-closer-together/

    “As the trade war unleashed by Washington is getting momentum, one can’t help but notice that without bringing a massive propaganda campaign to bear, aimed at the spread Russophobia and Sinophobia, this war would have never come to fruition. However, all of the steps that Washington has already taken against Moscow and Beijing is only making the two states more determined to provide a counterweight to the policies pursued by the West together. However, the stance taken by the Trump administration is not the only reason behind the rapidly improving ties between Moscow and Beijing, as their cooperation is beneficial from a purely practical point of view, which means the desire that the two countries share to establish a lasting alliance is not going to suddenly disappear one day. Moreover, those countries that don’t like to be pushed around by Washington and that are getting increasingly critical of its policies may become a viable addition of this newly born alliance one day.”

    The Us is being isolated by it’s own practices and prejudices. Slip slidin’…

  45. GregT on Wed, 1st Aug 2018 9:32 pm 

    MM,


    See what happened to North Korea after the Soviet Union collapsed due to peak oil..”

    The former Soviet Union did not collapse solely from a peak in oil production, and the North Korean famine was caused mainly by massive flooding.

    “The economic decline and failed policies provided the context for the famine, but the floods of the mid-1990s were the immediate cause. The floods in July and August 1995 were described as being “of biblical proportions” by independent observers.[23] They were estimated to affect as much as 30 percent of the country.”

    https://en.m.wikipedia.org/wiki/North_Korean_famine

  46. Makati1 on Wed, 1st Aug 2018 9:39 pm 

    “The United States Is The Largest Prison Camp In The World”

    “The United States has the highest incarceration rates in the world. The US not only has a far higher percentage of its population in prison than allegedly “authoritarian” governments, but also has a larger total number of citizens imprisoned than China, a country with four times the US population. The US is by far the largest prison camp in the world.”

    https://www.globalresearch.ca/the-united-states-is-the-largest-prison-camp-in-the-world/5649278

    “The conditions, such as solitary confinement, in which many US prisoners are kept are strictly illegal under international law, but that means nothing to “freedom and democracy America.” Solitary confinement, especially confinement inside tiny cells, is like being buried alive. Yet, “freedom and democracy America” is subjecting more than 100,000 citizens to this horror as I write….

    Other prisoners are used as a cheap work force for US military and consumer industries. Prison labor and the privatization of prisons have created an enormous demand for prisoners. American citizens are shoveled into the profit-making prison system regardless of innocence or guilt.”

    3rd world Amerika! Slip slidin’…

  47. MASTERMIND on Wed, 1st Aug 2018 9:42 pm 

    Greg

    From your link..

    The famine stemmed from a variety of factors. Economic mismanagement and the loss of Soviet support caused food production and imports to decline rapidly. A series of floods and droughts exacerbated the crisis.

    A series of floods “Exacerbated” the crisis but didn’t cause it..

    https://en.m.wikipedia.org/wiki/North_Korean_famine

    Once again you are caught red handed lying..Just like clogg always does..

  48. MASTERMIND on Wed, 1st Aug 2018 9:45 pm 

    Greg

    From your link

    In 1991, energy imports fell by 75%.[14] The economy went into a downward spiral, with imports and exports falling in tandem.

    https://en.m.wikipedia.org/wiki/North_Korean_famine

  49. GregT on Wed, 1st Aug 2018 9:49 pm 

    “Once again you are caught red handed lying..Just like clogg always does..”

    Direct quote from the link MM:

    “The economic decline and failed policies provided the context for the famine, but the floods of the mid-1990s were the immediate cause.

    https://en.m.wikipedia.org/wiki/North_Korean_famine

    Now tell everyone who the liar is again MM.

  50. Makati1 on Wed, 1st Aug 2018 10:00 pm 

    They are moving the tables and chairs in America.

    “The illusion of freedom will continue as long as it’s profitable to continue the illusion. At the point where the illusion becomes too expensive to maintain, they will just take down the scenery, they will pull back the curtains, they will move the tables and chairs out of the way and you will see the brick wall at the back of the theater.”
    – Frank Zappa

    https://www.theburningplatform.com/2018/08/01/a-fork-in-the-road-approaches-the-short-list-95-revelations-from-july-2018/#more-180632

    “In the full compilation of 209 transitional revelations for July, and according to this blogger, 28 could be considered making America (and/or the world) great again, with 27 as being neutral or questionable, and 154 as representing the ever-accelerating slide into Orwellian hell.”

    Slip slidin’…

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