Early Days, But Smart Money Says Alberta's Pipeline Gets Built
- Dr Strangelove
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Re: Early Days, But Smart Money Says Alberta's Pipeline Gets Built
It can be dangerous to believe things just because you want them to be true. - Sagan
Cynicism is acceptance
Cynicism is acceptance
- Dr Strangelove
- Posts: 13620
- Joined: Wed May 08, 2024 4:50 pm
Re: Early Days, But Smart Money Says Alberta's Pipeline Gets Built
Diversifying Energy Markets: The proposed pipeline aims to transport at least 1 million barrels of oil per day to new markets outside of the United States (0:00 - 0:41).
Government vs. Private Investment: The narrator argues against the idea that private companies could magically build such massive projects independently, citing the historical difficulty of construction through the Rocky Mountains and the competitive necessity of government subsidies and loan guarantees, as seen with Alaska's LNG projects (0:48 - 3:35).
Strategic Infrastructure & Sovereign Wealth: The video speculates that the government may use the newly formed Canada Strong Fund—a $25 billion sovereign wealth fund—to invest in or own this infrastructure (4:42 - 5:35, 7:38 - 8:47).
Economic Perspective: The narrator suggests that long-term utility projects are best handled with a long-term view, proposing that a sovereign wealth fund model could allow Canadians and pension funds to invest in and benefit from these profitable assets, rather than just relying on government debt (8:47 - 12:26).
It can be dangerous to believe things just because you want them to be true. - Sagan
Cynicism is acceptance
Cynicism is acceptance
- Dr Strangelove
- Posts: 13620
- Joined: Wed May 08, 2024 4:50 pm
Re: Early Days, But Smart Money Says Alberta's Pipeline Gets Built
It can be dangerous to believe things just because you want them to be true. - Sagan
Cynicism is acceptance
Cynicism is acceptance