Connect with us

Anglais

Alberta premier announces 8.7% oil production cut to increase prices

admin

Published

on


Alberta Premier Rachel Notley has announced a temporary 8.7 per cent oil production cut, or decrease of 325,000 barrels a day, in the production of raw crude oil and bitumen starting Jan. 1, 2019.

In an announcement Sunday evening, Notley said the daily cuts will remain in place until the 35 million barrels of processed oil currently in storage is shipped to market, likely by the spring.

The reduction will drop to an average of 95,000 barrels a day until curtailment ends at the end of 2019, when Enbridge’s new Line 3 pipeline starts operating.

The Alberta government also expects to acquire locomotives and rail cars by the end of next year to transport 120,000 barrels a day.

Notley said the decision to impose mandatory curtailments was difficult, but necessary. 

« In Alberta we believe that markets are the best way to set prices, but when markets aren’t working, when companies are forced to sell our resources for pennies on the dollar, then we have a responsibility to act, » Notley said, adding the government has « a responsibility to defend our province and to defend our resources. »

Smaller companies not affected

The cuts will affect about 25 larger bitumen and conventional producers. Larger producers will see their first 10,000 barrels exempted each day. Companies that produce less than 10,000 barrels a day will not be affected by the daily cuts.

Notley’s announcement is aimed at addressing the difference in the price of Western Canadian Select oil relative to the benchmark West Texas Intermediate (WTI). That gap hit around $50 in late October due to a lack of pipeline capacity to get Alberta oil to market.

Watch as Premier Rachel Notley explains why she believes production cuts are necessary:

Alberta Premier Rachel Notley answers questions from reporters following announcement of a temporary oil production cut in the province. 1:11

The government estimates Alberta is losing $80 million a day due to this discount. The measures are expected to narrow the gap by $4 US a barrel and contribute an additional $1.1 billion to the Alberta treasury by the fiscal year ending in 2020. 

Alberta’s energy minister has power under existing legislation to set the curtailment amounts through a monthly ministerial order. Notley says the effect of the cuts will be measured each month to ensure production is not reduced any more than necessary.  

The government said it believed industry would not voluntarily make the cuts after sending three envoys to talk to small and large producers.

Industry divided

The split in industry opinion was revealed in the reaction that immediately followed Notley’s announcement.

Cenovus Energy asked the Alberta government last month to make mandatory production cuts. Unsurprisingly, the company sent a news release Sunday night supporting Notley’s actions.

« At Cenovus, we advocated for this mandatory production cut because we continue to believe it is the only short-term solution to the extraordinary situation Alberta find itself in, » said Cenovus CEO and president Alex Pourbaix in a statement.

While support for temporary mandatory cuts is not unanimous among Alberta oil and gas companies, « acknowledgement of the severity of the crisis facing our industry was, » Pourbaix said.

Imperial Oil remained firmly against the curtailment measures. CEO Rich Kruger said in a statement the company « respectfully disagreed » with the government’s decision as it may carry unintended consequences. 

« This intervention appears not to recognize the investment decisions companies have made to access higher value markets, » Kruger said in the statement. « Imperial has increased its take-away ability by securing contractual capacity in existing pipelines and by investing in extensive rail infrastructure that allows the company to reach higher value markets, to the benefit of all Albertans. »

Opposition reaction

Jason Kenney, leader of the United Conservative Party, Alberta’s official opposition, supported Notley’s announcement. but blamed the federal government for putting the province in the difficult position.

While Kenney initially supported cuts only if they were voluntary, he called last week for a mandatory cut of 10 per cent, or about 400,000 barrels a day, based on what he said he heard from stakeholders. Kenney said he is fine with the government’s numbers, as long as cuts reach the goal of reducing the differential. The price gap was $28.50 US a barrel when markets closed on Friday.

« If this does not adequately clear out the glut by the end of January, beginning of February 2019, then the government may have to go into deeper production cuts, » he said, adding he would support such action if it’s required. 

Any change in the price of oil has profound effects on Alberta’s resource-dependent economy.



Source link

قالب وردپرس

Anglais

These US entities partnered with the Wuhan Institute of Virology — time for a criminal investigation?

admin

Published

on

By

(Natural News) The Wuhan Institute of Virology from which the Wuhan coronavirus (COVID-19) is believed to have “escaped” has a number of questionable partnerships that are worth looking into in light of the pandemic.

Most of them are universities, including the University of Alabama, the University of North Texas, and Harvard University. There is also the EcoHealth Alliance, the National Institutes of Health (NIH), and the National Wildlife Federation.

While the relationships between these entities and the Wuhan Institute of Virology may be completely innocent, there is no way to really say for sure without a proper investigation. And this is exactly what Secretary of State Mike Pompeo is calling for, as is the nation of Australia.

Pompeo and the folks down under, along with millions of Americans, would really like to know the true origins of the Wuhan coronavirus (COVID-19). An increasing number of people simply are not buying the narrative that the novel virus originated in bat soup at a Chinese wet market, and this even includes mainstream media outlets like Fox News.

The only way to really determine what was going on at the Wuhan Institute of Virology, and who else might have been involved. is to open the place up for an international investigation. But communist China is against this, of course, accusing Australia of “petty tricks” and collusion with the United States.

“Overnight, I saw comments from the Chinese Foreign Ministry talking about a course of activity with respect to Australia who had the temerity to ask for investigation,” Pompeo is quoted as saying in response to China’s aggression against a proposed investigation.

“Who in the world wouldn’t want an investigation of how this happened to the world?” he added.

As the U.S. aims to get back on track economically speaking, Pompeo believes that now is the time to hold communist China, the Wuhan Institute of Virology, and whoever else may have been involved accountable for unleashing this pandemic on the world.

“Not only American wealth, but the global economy’s devastation as a result of this virus,” Pompeo further stated. “There will be a time for this. We will get that timing right.”

Continue Reading

Anglais

New U.S. analysis finds that lab in Wuhan, China was “most likely” origin of coronavirus release

admin

Published

on

By

(Natural News) While American Leftists and most of the Democrat Party continue to serve as apologists for the Chinese Communist regime over its role in creating and then perpetuating the coronavirus pandemic, a new U.S. government analysis concludes that COVID-19 “most likely” escaped from a lab near Wuhan city.

The Washington Times reports that the analysis cataloged evidence linking the outbreak to the Wuhan lab and has found that other explanations for the origins of the virus are not as credible.

The paper reported:

The document, compiled from open sources and not a finished product, says there is no smoking gun to blame the virus on either the Wuhan Institute of Virology or the Wuhan branch of the Chinese Center for Disease Control and Prevention, both located in the city where the first outbreaks were reported.

However, “there is circumstantial evidence to suggest such may be the case,” the paper says.

“All other possible places of the virus’ origin have been proven to be highly unlikely,” said the report, a copy of which was obtained by the Times.

ChiCom officials have claimed that the virus’ origin is unknown. However, Beijing initially stated that coronavirus came from animals at a “wet market” in Wuhan where exotic meats are butchered and sold in disgusting conditions.

Chinese officials claim that COVID-19 went from bats to animals sold in the market last year, then infected humans.

U.S. intelligence officials have increasingly dismissed that explanation, however, as attention has begun to focus on evidence suggesting that Chinese medical researchers were working with coronavirus in the country’s only Level 4 facility, which is in Wuhan.

U.S. Army Gen. Mark A. Milley, chairman of the Joint Chiefs of Staff, has said that intelligence agencies are investigating whether the virus escaped from a lab or was the result of a naturally occurring outbreak, but that analysts have ruled out reports that COVID-19 was manmade.

‘The most logical place to investigate the virus origin has been completely sealed off’

“At this point, it’s inconclusive, although the weight of evidence seems to indicate natural,” the general said on April 14, “but we don’t know for certain.”

The analysis said that the wet market explanation does not ring true because the first human diagnosis of coronavirus was made in someone who had no connection to the wet market in question. And according to Chinese reports, no bats were sold at that particular market.

At the same time, several questionable actions and a growing paper trail provide clues that the virus actually escaped from a lab, even as China begins to clamp down on those information streams.

Continue Reading

Anglais

The biggest media lies about the coronavirus: Origins, treatments and vaccines

admin

Published

on

By

(Natural News) If there is one thing that most everyone can agree on concerning the Wuhan coronavirus (COVID-19) pandemic, it is the fact that there is no shortage of conflicting information out there about the nature of it. And the mainstream media is certainly doing its part to steer the narrative as part of a larger agenda, using plenty of misinformation along the way.

The following are among the most commonly parroted lies about the Wuhan coronavirus (COVID-19) that aim to distort the facts and deceive you into believing falsehoods about this pandemic:

Media LIE: The virus is not man-made

From the very beginning of this thing, the official narrative was that the Wuhan coronavirus (COVID-19) came from a Chinese wet market where bats and other “exotic” animals are sold as meat. But the world later learned that it actually more than likely “escaped” from the Wuhan Institute of Virology.

The mainstream media and social media platforms went nuts trying to censor this information and even called it  “fake news.” But eventually it became undeniable that bat soup was not responsible for spreading the Wuhan coronavirus (COVID-19) around Wuhan and eventually to the rest of the world – hence why we continue to call it the Wuhan coronavirus rather than just COVID-19.

We have even seen attempts by the media machine at making the Wuhan coronavirus (COVID-19) a racial issue because there are supposedly more “people of color” coming down with it than people with fair skin, which further detracts attention away from the source of this virus.

Media LIE: Hydroxychloroquine is extremely dangerous and doesn’t work

The minute that President Donald Trump announced that hydroxychloroquine may be an effective, and very inexpensive, remedy for the Wuhan coronavirus (COVID-19), the mainstream media immediately began decrying this claim as fake news, even though Anthony Fauci himself praised hydroxychloroquine back in 2013 under Barack Obama as being some type of “miracle cure” for SARS (severe acute respiratory syndrome).

There have even been studies conducted that were designed to intentionally smear the drug as both ineffective and dangerous, though one in particular purposely left out zinc, which appears to be a critical co-factor in supporting the effectiveness of hydroxychloroquine – in other words, politics as usual.

Media LIE: Only a vaccine can save us from coronavirus

Many politicians and public health officials are parroting the lie that the only way America can come out of lockdown and go back to “normal” is to get vaccinated with some future vaccine for the Wuhan coronavirus (COVID-19) that does not even yet exist. A vaccine, we are repeatedly told, is the only thing, or perhaps some new “blockbuster” antiviral drug, that can cure the world of this scourge and make everything happy and wonderful once again.

Meanwhile, not a peep is being made about things like intravenous (IV) high-dose vitamin C, which is being successfully used in other countries to stem the tide of infections without the need for new drugs and vaccines.

By omission, nutrition is pointless

Speaking of natural approaches to overcoming the Wuhan coronavirus (COVID-19) that are being systematically ignored by the mainstream media and most in politics, have you heard anyone mention the importance of nutrition in all of this? We did not think so, and this is intentional.

Regular readers of this site over the years should know by now that the single-most important thing you need to do to stay healthy besides exercising regularly is to feed your body the nutrition it needs to naturally ward off illnesses, including those associated with the Wuhan coronavirus (COVID-19).

Research compiled by the Lewin Group reveals that nutritional remedies such as calcium, vitamin D, folate, omega-3 fatty acids, lutein, zeaxanthin, and more all play a critical role in fortifying the immune system, which, if properly nourished, should have little problem fending off disease.

Continue Reading

Chat

Anglais3 semaines ago

These US entities partnered with the Wuhan Institute of Virology — time for a criminal investigation?

Anglais3 semaines ago

New U.S. analysis finds that lab in Wuhan, China was “most likely” origin of coronavirus release

Anglais3 semaines ago

The biggest media lies about the coronavirus: Origins, treatments and vaccines

Actualités3 semaines ago

Andrew Scheer demande une mise à jour économique d’ici l’été

Actualités3 semaines ago

Plusieurs tours cellulaires incendiées au cours des derniers jours

Actualités3 semaines ago

Danemark: le déconfinement ne semble pas avoir accéléré la propagation de la COVID-19

Actualités3 semaines ago

Le maire de Joliette peu rassuré par le déconfinement en cours

Actualités3 semaines ago

Un homme de 61 ans tué à l’arme blanche à Montréal

Actualités3 semaines ago

Pas de déconfinement pour les commerces de Kahnawake

Actualités3 semaines ago

Quel avenir pour les restos-bars sportifs?

Actualités3 semaines ago

Éclosions de COVID-19 à l’Hôpital Pierre-Boucher de Longueuil

Anglais3 semaines ago

Nobel Prize winner who discovered HIV says coronavirus was definitely released from Wuhan lab, contains HIV DNA

Anglais3 semaines ago

Must-see infographic: The “Death Science” Depopulation Trifecta … Biological weapons, vaccines and 5G, all aimed at humanity

Anglais3 semaines ago

Dead coronavirus victims found stacked in U-haul trucks in front of New York City funeral home

Anglais3 semaines ago

Bill and Melinda Gates are preppers: Couple began storing food in their home years ago in case of a pandemic

Anglais3 semaines ago

Nearly half of severe coronavirus cases involve neurological complications

Anglais3 semaines ago

Global survey of deaths reveals coronavirus kills 10% of those diagnosed with symptoms, making it 100 times deadlier than flu

Anglais3 semaines ago

Homeland security scientist confirms that natural sunlight kills coronavirus

Anglais3 semaines ago

Big Pharma is rigging everything to make sure approved coronavirus “treatments” don’t actually work at all, while things that do work are discredited or criminalized

Anglais3 semaines ago

How Jagmeet Singh’s NDP Saved Canadian Workers From COVID-19 Economic Annihilation

Anglais2 années ago

Body found after downtown Lethbridge apartment building fire, police investigating – Lethbridge

Styles De Vie2 années ago

Salon du chocolat 2018: les 5 temps forts

Anglais1 année ago

27 CP Rail cars derail near Lake Louise, Alta.

Anglais1 année ago

Man facing eviction from family home on Toronto Islands gets reprieve — for now

Santé Et Nutrition2 années ago

Gluten-Free Muffins

Anglais1 année ago

This B.C. woman’s recipe is one of the most popular of all time — and the story behind it is bananas

Santé Et Nutrition1 année ago

We Try Kin Euphorics and How to REALLY Get the Glow | Healthyish

Anglais1 année ago

Ontario’s Tories hope Ryan Gosling video will keep supporters from breaking up with the party

Anglais1 année ago

A photo taken on Toronto’s Corso Italia 49 years ago became a family legend. No one saw it — until now

Anglais2 années ago

Condo developer Thomas Liu — who collected millions but hasn’t built anything — loses court fight with Town of Ajax

Styles De Vie2 années ago

Renaud Capuçon, rédacteur en chef du Figaroscope

Anglais1 année ago

This couple shares a 335-square-foot micro condo on Queen St. — and loves it

Mode1 année ago

Paris : chez Cécile Roederer co-fondatrice de Smallable

Anglais1 année ago

Ontario Tories argue Trudeau’s carbon plan is ‘unconstitutional’

Anglais2 années ago

100 years later, Montreal’s Black Watch regiment returns to Wallers, France

Anglais1 année ago

Trudeau government would reject Jason Kenney, taxpayers group in carbon tax court fight

Technologie1 année ago

YouTube recommande de la pornographie juvénile, allègue un internaute

Styles De Vie1 année ago

Ford Ranger Raptor, le pick-up roule des mécaniques

Affaires1 année ago

Le Forex devient de plus en plus accessible aux débutants

Anglais1 année ago

Province’s push for private funding, additional stops puts Scarborough subway at risk of delays

Trending