Monday, June 16, 2014

Dealmakers have been busy

People reacted to a tweet of information first published at Northern Insight. Many read it but do not want to believe it, because, as much as anything, this demonstrates whom the BC government serves. It is not Mr. and Ms. Taxpayer.


People claimed the graph could not be accurate because it has not been published elsewhere. After I provided data sources, they said it has not been displayed this way before, so it must not be correct. Mind you, at least some of the people saying this aim to maintain the myth that pro-media provides the only reliable information.

After examining this graph, do you imagine that natural gas will yield billions of dollars in future benefits? If you do, the next question should be, "Why do you think this possible?"

First, there needs to be a commitment to earn direct revenues from companies licensed for large-scale exploitation of public assets. That resolve does not exist in BC. Liberals focus on making deals because that enables dealmakers to grow rich. Managing the deals is not something they care much about.

This is another graph that government partisan don't like. I add the caution that it shows numbers from March 31, 2013. Current numbers are not available to the public.




Obviously, the Liberal insiders and dealmakers have been busy and very, very successful.

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22 comments:

  1. Auditor General would see a serious absence of checks and balances..?

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  2. And, if he does, he can be fired.

    .

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  3. “If you tell an LNG lie big enough and keep repeating it, people will eventually come to believe it. The LNG lie can be maintained only for such time as the BC Liberal party can shield the people from the political, economic and/or environmental consequences of the LNG lie. It thus becomes vitally important for the BC Liberal Party to use all of its powers to repress dissent in the main stream media, for the truth is the mortal enemy of the LNG lie, and thus by extension, the truth is the greatest enemy of the BC Liberal party.”

    The damn quote was the philosophy of Herr Goebbels (father of mass media propaganda) and today is fits right in with the BC Liberal Party.

    Another Herr Goebbels quote, somewhat reworked but true today.

    “Think of the mainstream media as a great keyboard on which the BC Liberal Party can play.”

    Those who do not read history are doomed to repeat it; with the BC Liberals we have entered a new dark age made more sinister, and perhaps more protracted, by the use of perverted economics, designed to enrich only friends of the Liberal government.

    A lie gets halfway around the world before the truth has a chance to get its pants on.

    Winston Churchill.

    The BC Liberal party is utterly and irrevocably corrupt; the political system is broken beyond repair and the legal system is no better than eunuch - we have Satan herself raping the province and the main stream media keep babbling along like the good little boys and girls they are. Jack Webster must be spinning in his grave.

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  4. The BC Liberal party is utterly and irrevocably corrupt; the political system is broken beyond repair and the legal system is no better than eunuch - we have Satan herself raping the province and the main stream media keep babbling along like the good little boys and girls they are. Jack Webster must be spinning in his grave.

    --------------------------------------------------------------------------------------------------------------------------------------------------

    And no one in the mainstream media wants to know and to write about it. Maybe it is because of intimidation by the resident government ?

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  5. The $50+ billion that BC Hydro owes to IPPs will not go to upgrading BC Hydro's own system.

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  6. "very, very successful"

    Indeed, but I don't expect to hear about it or read about from pundits that are paid for reporting but also by people who benefit from their reportiing.

    V.P., K.B. & B.G. what is your share of these billions? Were it nothing, it might not be happening.

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  7. Just a note, the Auditor General caved in to government's demand to say that SkyTrain was cheaper than LRT for the Evergreen Line, while ignoring the facts that LRT is far cheaper than SkyTrain to build and operate and confirmed by the City of Ottawa transit delegation, who came out and studied SkyTrain because the Federal government and Bombardier were trying to force the city to build with SkyTrain. Ottawa is building with LRT has they found SkyTrain to expensive to build and operate.

    The auditor General's Office is dancing the to Liberal's tune.

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    Replies
    1. The Auditor General also went out of his way to sugarcoat government actions in his audit of the Basi/Virk payoff, and left many unanswered questions and inherent contradictions in his report. The shameless local media herd lapped it up without asking any of the obvious questions and high-fived it as government vindication.

      The esteemed Auditor General will be appearing to explain this report and others starting next Tuesday, June 24, at 9:00 am in rooms 1200-1300, Segal Building, 500 Granville Street, Vancouver. Hopefully the Select Standing Committee on Public Accounts will ask him the questions that weren’t asked by the herd, and which he says he can’t answer in any other forum.

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  8. Be very careful Norm. You are touching a nerve and the Lieberals (and their masters) are very sensitive to that. Be very careful! Look what happened to Tsakumis. (WHAT happened to Tsakumis, and the John Furlong story, and the Paramedics story, and all the others that he was reporting on?)
    Please be careful!

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  9. G. Barry StewartJune 17, 2014 at 8:45 AM

    "A lie gets halfway around the world before the truth has a chance to get its pants on." That's why bloggers like you are "nincompoops ranting in their underwear," — right, Norm? No time to get your trousers on. LOL!

    (Considering that Churchill was a Brit, I suspect he meant undergarments. Bad visual of "truth" in action.…)

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  10. “It is the first responsibility of every citizen to question authority.”

    ― Benjamin Franklin

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    Replies
    1. Quite true. It's also applicable here too.

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  11. Very chilling sir, very chilling. When I read real information, like yours, I wonder where th law and forensic auditors are hiding.

    One small clarification, if you don't mind; having no clue about gas volumes, is the number for 2012_13, 68 million m3 or 68,000 million (68 billion) m3?

    May Hem.

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    Replies
    1. The latter, which, if converted to cubic feet measures about 2.4 trillion cubic feet. That is roughly enough gas to heat about 25 million homes for a year.

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  12. Norm, I know you answered the question for May Hem, but what does m3 stand for? So if the graph reads like its million its actually billion.

    O>k. I flunked math and none of this graph stuff means anything to me and I wish it did, so what does it meant
    ]
    thank you.

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    Replies
    1. There are various ways of expressing how much gas is produced. StatCan uses cubic metres. Think of a cube that is one meter on each dimension - thus m3. Because volumes are so huge, measurements are often stated in millions of cubic meters. Others complicate our world by using different system of measures. This is from the American Gas Association.

      1 cubic foot (cf) = 1,027 Btu
      100 cubic feet (1 ccf) = 1 therm (approximate)
      1,000 cubic feet (1 Mcf) = 1,027,000 Btu (1 MMBtu)
      1,000 cubic feet (1 Mcf) = 1 dekatherm (10 therms)
      1 million (1,000,000) cubic feet (1 Mmcf) = 1,027,000,000 Btu
      1 billion (1,000,000,000 cubic feet (1 bcf) = 1.027 trillion Btu
      1 trillion (1,000,000,000,000) cubic feet (1Tcf) = 1.027 quadrillion Btu

      I find that my brain stops working when numbers grow beyond 7 figures so don't worry too much. The graphs say that we're producing more gas and getting paid less for it, on a volume, than we used to receive. A lot less.

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  13. next dumb question: the second graph, does that mean the province was paid $3,360,000,000.00?
    I can figure out via the graphs the more N.G. the province produced the less money it took in, but I can't figure out the amounts because its in a graph form. Its just one of those things, could you please clarify for me.
    thank you.

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  14. Yes, in the two fiscal years 2005 & 2006, the province took in $3,360 Million ($3.36 B) in natural gas royalties. In the two fiscal years 2012 & 2013, the province took in $508 Million. (The graph overstates the revenue because I added the numbers wrongly). I might correct it but it only makes a bad situation look worse.)

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  15. It almost makes one wonder whether the tax/royalty regime applied to LNG, if it ever gets off the ground, will generate enough revenue to cover the costs of Christy's trips to Asia.

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  16. How about this: instead of exporting LNG, which entails extra CO2 emissions from the production and shipping of LNG, use BC natural gas to run Burrard Thermal at full capacity. The electricity could be used to power new electric rail lines and electric vehicles.

    This would reduce emissions associated with LNG. It would also take gasoline-burning cars off the road, meaning less emissions and less reliance on Alberta oil sands development. Win-win-win.

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  17. Hugh that was such a good practical idea, it will never get off the ground with the current crop of idiots in office.

    Norm, thank you for explaining. I'll write it down so it stays next to the computer and I can refer to it when necessary. There are a lot of things my brain can do but number and graphs aren't one of them, except if the graph is just a line and one is shorter than the other.,

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  18. Instead of the BC Govt giving away our natural gas to foreign companies for tiny royalties, why don't they give it, at a low cost, to citizens and businesses in BC?

    Natural gas can be used for: heating, transportation, generating electricity, cooking, manufacturing. I'm sure we could find uses for it.

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