The news offshore is good - another significant oil find off the coast of Newfoundland and Labrador.
Hundreds of millions of barrels of light sweet crude - lots of the best.
Now let's look at our cut.
Statoil is owned 67% by the people of Norway. They will be the primary beneficiary of our oil.
Newfoundland and Labrador is still not able to refine any of our own oil. Therefore refineries in Eastern Canada will be the beneficiary of the secondary processing.
Our population is not increasing despite the massive oil, mineral, and energy wealth.
The news is good - yes. The news is great - hardly.
How about our local media do a breakdown of the benefits coming from another of our natural resources. This might tell us and Minister Joan Shea why we have a shrinking aging population despite all the fabulous natural resource headlines.
Ironic - that today we are worried about the potential loss of the Come by Chance refinery where we process oil that is far inferior to our own.
It is superb news for NOIA - it is another sad day for the people of our province.
Too bad our politicians do not have the vision of their colleagues in Norway.
Population Norway - 1970 - 3.8 million
Population Newfoundland and Labrador - 1970 - 514 thousand
Population Norway - 2012 - 5 million
Population Newfoundland and Labrador - 2012 - 526 thousand
Guess it really depends on what we do with natural resources. Norway and this province are good comparisons relative to energy wealth - both hydro and oil.
This is just another giveaway.
Showing posts with label flemish cap. Show all posts
Showing posts with label flemish cap. Show all posts
Friday, September 27, 2013
Wednesday, November 02, 2011
Choo Choo - Confederation a locomotive of Destruction
Where is the train?
Where are the fish?
Where is the forestry industry?
Where is our population?
Where is the ship building?
Where is the hydro-power?
Where are the minerals?
Where is the industry?
Just as soon as the last drop of oil is gone - a have not province will sound good.
Systematic destruction of our country, her people, and future.
At least the electronic time capsules might be available to generations after we are long gone - maybe.
Where are the fish?
Where is the forestry industry?
Where is our population?
Where is the ship building?
Where is the hydro-power?
Where are the minerals?
Where is the industry?
Just as soon as the last drop of oil is gone - a have not province will sound good.
Systematic destruction of our country, her people, and future.
At least the electronic time capsules might be available to generations after we are long gone - maybe.
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