TMX

Commodity Marketing

Tools

TMX

Feb 8, 2020 | 23:34 1 I am quite surprised no mention on here as we as tax payers are on the hook for 12.6 billion$, 70% increase in cost to finish this boondoggle,all to make some major cash for a few,large company's
I dont think no matter how hard you try to spin it ,its not all the Natives fault. If anything the price should have come down,with all the people looking for work most of the pipe has been in place for 1 or 2 yrs,right ofways mostly in place,that only leaves profiteering by construction companys .
And like most gov endeavors its just the beginning, Reply With Quote
Feb 8, 2020 | 23:42 2 Oh it will be a horribly mismanaged shit-show, there is no doubt about that. Reply With Quote
Feb 8, 2020 | 23:46 3 when has a government ever been efficient at doing anything? Reply With Quote
Feb 9, 2020 | 01:29 4 Maybe we shouldn't have put endless roadblocks and red tape in the way back when the private sector wanted to do it on their own dime.

Has anyone followed the money, is SNC Lavalin or any other favoured Liberal donors in anyway connected? Reply With Quote
  • 2 Likes


  • Feb 9, 2020 | 07:40 5 My thinking on tmx has changed. We don't need it and we shouldn't want it if the govt is behind it. It's costs willl be so overrun now and with incompetent management behind it with a possible consortium of fighting native bands, its dead.

    Kenny should halt construction and reapply to turn it south to the US through AB and Sk. That is going to be the only customer for our crude. The tidewater argument is dead as far as I am concerned. There is no place to go with this stuff but American refineries. After the coastal gas fiasco pipelines are dead in unless they are across farmers lands all the way. And that is only one direction. Go make a deal with trump.

    China's supply chains have broken. The world is about to see that being reliant on one country is bad business just like we did with canola. Between trump and that the entire planets trade relations just got rewritten.
    Last edited by jazz; Feb 9, 2020 at 07:45.
    Reply With Quote

  • Feb 9, 2020 | 09:13 6 Times will change and customers will change, regulatory requirements have been met, build it quick. We need access to many markets not one or two. Pretty sad that something that was going to be paid for privately will now cost tax payers so much but I guess this is liberal socialist math that I clearly don’t understand Reply With Quote
  • 2 Likes


  • Feb 9, 2020 | 09:29 7
    Quote Originally Posted by Horse View Post
    I am quite surprised no mention on here as we as tax payers are on the hook for 12.6 billion$, 70% increase in cost to finish this boondoggle,all to make some major cash for a few,large company's
    I dont think no matter how hard you try to spin it ,its not all the Natives fault. If anything the price should have come down,with all the people looking for work most of the pipe has been in place for 1 or 2 yrs,right ofways mostly in place,that only leaves profiteering by construction companys .
    And like most gov endeavors its just the beginning,
    In doing some googling in relation to this topic I found this article from 2017 in National Post nationalpost.com/news/pipelines-may-be-straight-but-the-stories-behind-them-have-many-twists/. It amazed me that when this project was first proposed back in 2012 it was supposed to cost $6.8 billion. I do believe the $12.6 billion includes over $1 billion in costs of getting it to this stage of approval. Anyway the article is a good read and touches on many topics in relation to the TMX expansion. I do wonder why any company would initiate a large project in Canada when you look at how long it takes to get to the stage of building it and how much the cost could inflate, it really is depressing. Reply With Quote
    Feb 9, 2020 | 09:36 8 The money was going to get pissed away anyway so the exact number is largely irrelevant. The feds will end up giving the whole thing to the Indians in the end so its really just a matter of which line the expenditure appears on in a budget that is completely out of control. More export paths for prairie oil means a lower transport discount so that's a net benefit to the west, assuming it actually gets built which is far from certain. We might as well spend the money on pipeline jobs - at least real people will end up earning some of it. The other option is more new pickups for the band councils. Reply With Quote
    Feb 9, 2020 | 09:38 9
    Quote Originally Posted by Horse View Post
    I am quite surprised no mention on here as we as tax payers are on the hook for 12.6 billion$, 70% increase in cost to finish this boondoggle,all to make some major cash for a few,large company's
    I dont think no matter how hard you try to spin it ,its not all the Natives fault. If anything the price should have come down,with all the people looking for work most of the pipe has been in place for 1 or 2 yrs,right ofways mostly in place,that only leaves profiteering by construction companys .
    And like most gov endeavors its just the beginning,
    Taxpayers are actually on the hook for $16.1 billion according to BNN.
    Too bad Trudeau and Butts couldn’t have stayed out of the way and let the original plan happen which involved $0 taxpayers. Reply With Quote
    GDR
    Feb 9, 2020 | 10:14 10
    Quote Originally Posted by Horse View Post
    I dont think no matter how hard you try to spin it ,its not all the Natives fault.
    And like most gov endeavors its just the beginning,
    You are right Horse, its only 50% the Natives fault. The other 50% fault belongs to the Liberal and NDP rejects accross the country. This was a fully industry funded industry project that government should have never been involved with. If its gonna be built anyway what an absolute foolish waste of taxpayers dollars. The cost overruns are mostly due to concessions and changes made to appease the First Nations groups that likely dont even have a clue what they are fighting for but are told by their backers that they should. The informed, prosperous bands are on board with the project. The pipeline also enables more resources to be extracted and consequently more royalties and taxes paid to all levels of government, not to mention jobs. It is not supportive to industry only, it is supportive to each and every Canadian. I don't get why "you people" want every chance at prosperity to die. Reply With Quote

  • Feb 9, 2020 | 10:33 11 This is what Canada really looks like. So the BC natives are not out line on their thinking. Nobody bothered to make a deal with them back when a good chunk of the country was negotiating treaties.

    Thank god our forefathers put in protections for AB SK MB. Almost treaties signed after Dominion lands act 1872 so it has precedence and private titled ownership. Whether the treaties were fair or not or need to be updated is a matter of debate, but the fact that the primacy of the crown was locked into those lands from the get go gives huge leverage against claims and blockages happening here. Que, NL, BC basically up for grabs I guess if the natives decide to push it.

    Name:  main-qimg-89adb3cf0b88568f9d7417109e9ea974.jpg
Views: 461
Size:  87.2 KB
    Last edited by jazz; Feb 9, 2020 at 10:39.
    Reply With Quote
    blackpowder's Avatar Feb 9, 2020 | 10:43 12 All up for debate if you listen to the propaganda at the grade school level. Reply With Quote
    Feb 10, 2020 | 08:36 13 I was just reading an article on the CBC website about how the federal government is going to help Newfoundland more with the Muskrat falls hydro project debacle. Another Canadian project that doubled in cost from conception to finish. Without further government intervention Newfoundlander's power rates will go from just over 13 cents a kilowatt to over 20 cents a kilowatt when Muskrat falls comes on line later this year. Another example is the Greenline LRT in Calgary which is actually still on the drawing board but has doubled in price since inception. So are the people in government incompetent or is it that it takes so long from when a project is proposed to when it is completed that it is just inflation?! Reply With Quote
    Feb 10, 2020 | 08:41 14
    Quote Originally Posted by Hamloc View Post
    I was just reading an article on the CBC website about how the federal government is going to help Newfoundland more with the Muskrat falls hydro project debacle. Another Canadian project that doubled in cost from conception to finish. Without further government intervention Newfoundlander's power rates will go from just over 13 cents a kilowatt to over 20 cents a kilowatt when Muskrat falls comes on line later this year. Another example is the Greenline LRT in Calgary which is actually still on the drawing board but has doubled in price since inception. So are the people in government incompetent or is it that it takes so long from when a project is proposed to when it is completed that it is just inflation?!
    Brown paper bags made invisible cost big $$$$$$$$ Reply With Quote