KELVIN!!!!!!!!!!OIL COMPANIES ARE HIGH MAINTENANCE!!!!!!!!!!
Parsons expresses concern for oil and gas
industry warning
Kelvin Parsons, MHA for the District of Burgeo & La Poile and Opposition Critic for Natural Resources, says he is more fearful than ever that a significant downturn in the province’s oil and gas industry may be just ahead.
Parsons was responding to a media report that the Atlantic Provinces Economic Council (APEC) is now warning of a sharp decline in activity in the oil and gas industry in
"This should be another major tipoff to the premier that our industry will inevitably swing into a slump and perhaps a long-term recession if he does not make some headway with the Hebron-Ben Nevis negotiations in the near future," states Parsons. "Piece these musings from APEC with the urging from the Newfoundland Ocean Industries Association at its recent conference that the province should resume talks, then I think it’s fair to say that the oil and gas industry in our province is heading for stormy waters.
"As the Opposition, we have also been counselling the premier to reconsider his face-off on Hebron-Ben Nevis and head back to the table where some form of communication can at least take place." The Liberal MHA points out that with a new minister now heading the department of Natural Resources, it is most critical that she be quickly brought up to speed and take an active role in advancing this file so that growth and opportunity are not lost.
"Right now, there is still some momentum left in this industry and with the right leadership, it can continue to provide the significant benefits that we need to fuel our economic growth as a province."
Ok, now Kelvin is concerned about us biting off our nose despite our face. Kelvin, notwithstanding the fact that we are supposed to be Liberal you are lobbying on behalf of mega-corporations instead of our people and our resources. What Danny is doing with the oil companies is not bad, we just went over $75 a barrel. Kelvin do you know who the Patrons are of the Atlantic Provinces Economic Council? In the event you do not here are some of them!
CANADIAN IMPERIAL BANK OF COMMERCE
Is there any chance that any of these might have an interest in Hebron moving forward regardless of the benefits to Newfoundland and Labrador? Which of these patrons are elected or paid to deliver the best possible deal for our people?
I have a suggestion! Kelvin, do some more research, real research instead of relying on external reports with a different agenda than that of elected officials. Listen to our people, our experts and come up with beneficial policy proposals and progressive critique.
One example: when we negotiate this deal on Hebron include a clause which states that when a company has to pull off the site for repairs or problems under their control, and the province suffers a loss to predicted income from that oil or gas resource, the company must pay the greater of the price per barrel at the time of cessation or the price of oil at the moment of recommencement - for the equivalent of oil not recovered during the down time. In this way we will guarantee that our resources benefit us in the way they should.
Do something productive like find out what Doug House is up to and how the provincial economic plan is coming. Try to save a few communities or give them something to believe in. Show some leadership. We do not need to coddle oil companies, think-tanks, and/or their corporate patrons.
