2. Paul Young - Bio
• CPA, CGA
• Financial Solutions
• SME – Business Process Changes
• SME – Risk Management
• SME – Close, Consolidate and
Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain
Management
• Academia – Advance
Accounting, Public Finance and
Advanced Management Systems
Contact information:
Paul_Young_CGA@Hotmail.com
3. Agenda
Monthly Oil Production by Key Countries
G7 and Environment
Ethical Oil
Oil Application
Automotive Market – World-Wide
Automotive Market – World-Wide – Electrical Vehicles
What are the risks to Electrical Vehicles
Electrical Grid
Oil Rigs vs Oil Pricing
Will oil disappear
Oil Sands / Environment
Oil Production (EPI, AQI and Human Rights)
Justin Trudeau and Oil
Blog Oil
Blog – New Assessment Bill
Blog – Environment and Oil
Blog – Scheer and Energy
Blog – Subsidies
2015 to 2018 – Financial Performance
China and Saudi Arabia oil purchases
Training
4. Introduction
Justin Trudeau felt a social license for oil which includes carbon
tax would lead to the promise land when it comes to UN (i.e.
agenda 2030) -
https://www.slideshare.net/paulyoungcga/agenda-2030-
sustainable-development
Canada is the 4th largest oil producing country with a strong
environmental and humans right record. So, why is Trudeau not
pushing oil to the word?
Canada could eliminate the oil sands today and it would do
nothing for global emissions
There needs to be a broader discussion on natural resources
management including all aspects of the environment along with
human rights.
UN needs to stop pushing Agenda 2030 at all cost.
Oil and Gas jobs pay 40% on average more than service sector
jobs - https://www.slideshare.net/paulyoungcga/2019-election-
wages-and-income-canada-april-2019
Failures of Carbon Tax and Pricing -
https://www.slideshare.net/paulyoungcga/2019-election-
carbon-and-pollution-taxes-canada-july-2019
Liberal keep pushing their pollution taxes despite there were
already pollution taxes in place way before the carbon tax -
https://www.slideshare.net/paulyoungcga/2019-election-
taxing-pollution-canada-august-2019
5. G7 and the Environment
• France imports oil from Africa and Asia - https://www.statista.com/statistics/744232/crude-oil-main-supplier
countries-france/
• Germany and Middle East Oil - https://www.cleanenergywire.org/factsheets/germanys-dependence-
imported-fossil-fuels
• USA is expanding oil exports to EU - https://www.reuters.com/article/us-usa-crude-shipping/u-s-oil-exports-
to-europe-hit-weekly-record-as-asia-drops-off-idUSKBN1WO1ZI
• Canada lacks the capacity to expand export of oil to EU - https://www.international.gc.ca/trade-
commerce/trade-agreements-accords-commerciaux/agr-acc/ceta-aecg/business-entreprise/sectors-
secteurs/OGE-EPPG.aspx?lang=eng
6. Monthly Oil Production by Key Countries
Source - https://knoema.com/atlas/topics/Energy/Oil/Production-of-crude-oil
7. Oil Rigs and Oil Pricing
Source – BMO, Baker Hughes and TSX
8. Canada vs USA Oil Production
Who do you trust more to get oil to market?
@justintrudeau who cannot get a one pipeline built to tidewater
- https://www.jwnenergy.com/article/2019/8/trans-mountain-
cleared-resume-terminal-construction/
@Andrewscheer who former leader got four major pipelines
built - https://www.partisanissues.com/2018/07/what-major-
pipelines-were-built-in-canada-in-the-last-decade-of-
conservative-rule/
@justintrudeau went into word salad on pipelines and
tariffs https://www.youtube.com/watch?v=6znuJalOd28
Canada needs a government that will focus on maximizing
Canada’s NR. Trudeau said Canada should be know for its’
resourcefulness. Cdns know Trudeau will not push for
development of NR, but @andrewscheer will -
https://www.slideshare.net/paulyoungcga/have-the-
liberal-party-of-canada-supported-the-natural-resources-
sector
Canada
USA
11. Oil Sector And Clean Energy
Source - https://www.slideshare.net/fhdjamshed/finished-products-of-
petroleum
12. Automotive World
Market Source – Scotiabank
USA electrical sales are now
only about 1.8% of the total
vehicle sales
https://www.forbes.com/sites
/jeremyalicandri/2018/12/26/
electric-vehicle-subsidies-
bring-unintended-
consequences/#222d865567e9
https://www.statista.com/statistics/665958/sales-
of-electric-vehicles-in-the-us-by-brand/
14. Electrical Car Market
Source - https://insideevs.com/half-worlds-electric-cars-in-just-25-cities/
According to the International Council on Clean Transportation (ICCT), nearly half of all plug-in electric
passenger cars are used in just 25 metropolitan areas.
At the end of 2017, the number was 1.4 million out of 3.1 million, which translated to around 45% in those
25 cities.
That’s pretty interesting, especially since overall, those 25 markets represent only 12% of the world’s
passenger car sales. In other words, there are important reasons that make plug-ins appealing in certain
metro areas.
15. Risks to Electrical vehicles
ACCESS TO RAW MATERIALS –
LITHIUM, VANADIUM, COBALT AND
RARE METALS -
HTTPS://WWW.SPGLOBAL.COM/EN/R
ESEARCH-
INSIGHTS/ARTICLES/COBALT-KEY-TO-
ELECTRIC-VEHICLES-BUT-
AUTOMAKERS-HUSHED-ON-RISKS
THE ABILITY OF THE GRID TO HANDLE
PLUG-IN STATIONS -
HTTPS://WWW.FORBES.COM/SITES/P
ETERDETWILER/2013/01/28/ELECTRI
C-CARS-AND-THE-POWER-GRID-HOW-
ARE-THEY-COMING-
TOGETHER/#648168B31976
ACCESS TO PLUG-IN STATIONS ABILITY OF BATTERIES TO HANDLE
ADVERSE WEATHER CONDITIONS
16. World Electrical
Grid
OECD countries in general are
producing electricity using
combustible fuels, i.e. Coal and
Natural Gas
Canada produces over 80% of
their power from renewable
sources
Canada
17. Oil Pricing vs Oil Rigs
Source – BMO Economics and Baker Hughes
19. Justin Trudeau and Oil
Construction Workers Gender Equality Issues
Carbon Tax
PQ Oil - https://www.youtube.com/watch?v=qGn8ZhS7XC8
20. C69 and Oil / Canada
https://www.industryweek.com/companies-executives/us-steel-
corp-restarts-texas-plant-closed-2016?NL=IW-07&Issue=IW-
07_20190206_IW-
07_710&sfvc4enews=42&cl=article_1_b&utm_rid=CPG030000015
19274&utm_campaign=32616&utm_medium=email&elq2=04d63
fb78ec7424eaa09798e415577b1
KM pipeline
https://www.youtube.com/watch?v=kAgZ6oEoGJ8
@CatherineBizTV There is allot goes into valuation!
https://www.youtube.com/watch?v=kAgZ6oEoGJ8
I done due diligence on mergers and acquisition as such I do not
trust either PBO or the Liberals!
@MichelleRempel @emilia_suze
22. OPEC vs USA
This sounds very eerie to a Dallas TV series episode when Texas was faced with low
oil pricing as such look at actions to take against foreign Import
Source - https://oilprice.com/Energy/Energy-General/Washington-Eyes-
Crackdown-On-OPEC.html
23. OPEC Production
Source - https://www.bloomberg.com/news/articles/2019-02-05/opec-s-oil-exports-to-u-s-fall-to-five-year-low-
in-january
24. Oil Shale / USA Boom
Source - https://www.nextbigfuture.com/2019/03/world-of-oil-will-be-dominated-by-a-second-us-shale-wave-for-5-
years.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogspot%2Fadvancednano+%28nextbigfuture%29
25. Canada Oil / 3rd Party Groups
Canada natural resource sector has been
hijacked by both radical government as
well as 3rd party groups that want to see
Canada keep its natural resources in the
ground
Trudeau wants to phase
out the oil sands
Trudeau 2015 election Platform
https://www.cbc.ca/news/politics
/justin-trudeau-s-environment-
plan-end-fossil-fuel-subsidies-
invest-in-clean-tech-1.3131607
Clean Tech
companies in general
lose nearly $4B per
year
Source -
https://www.slidesha
re.net/paulyoungcga
/government-policy-
clean-technology-
canada-february-2019
26. Canada and Pipelines
https://www.canadianmanufacturing.com/environment-and-safety/neb-rejects-call-to-expand-scope-of-trans-
mountain-pipeline-expansion-review-227262/
We have far too many groups that are backed by foreign funding trying to hold up projects. You add in weak
leadership of @JustinTrudeau @telfordk then you can see why FDI for NR sector is going to other jurisdictions!
@MichelleRempel
Pipelines built under CPC:
https://www.partisanissues.com/2018/07/what-major-pipelines-were-built-in-canada-in-the-last-decade-of-
conservative-rule/
Harper and to deal with Obama
Obama was against Alberta oil - https://boereport.com/2017/01/11/barack-obama-has-been-a-disaster-for-
albertas-oil-industry/
28. Oil Producing Companies and their
Environmental Ranking
Source - https://epi.envirocenter.yale.edu/epi-report-2018/results or https://www.numbeo.com/pollution/rankings_by_country.jsp or
https://www.cato.org/human-freedom-index-new
• Canada is 4 largest oil producing country in the work. Canada oil is both environmental friendly and
ethical
• Justin Trudeau continues to treat Canadian oil with utter contempt. It is like Trudeau thinks by pushing
the carbon tax as part of a social license to win over the UN. UN does not seem to care about other
countries like Saudi Arabia or Russia or Iraq when it comes to global emissions, pollution and human rights
32. Blog Oil
Oil sector cannot get oil to tidewater as Trudeau killed Northern Gateway and the change the rules for East-West, right? Supporters of the project are convinced Trudeau nudged
the NEB to apply the new standards because the proposal was deeply unpopular in Quebec, where his party holds 40 of 78 seats. – Source - https://www.cbc.ca/news/canada/new-
brunswick/energy-east-pipeline-trans-mountain-ottawa-1.4683701
Trudeau and his govt are anti-oil as such are doing everything they can to hold up pipelines like C69 - https://context.capp.ca/energy-matters/2018/og101_what-is-bill-c69
The banks call out the issues with pipelines - https://business.financialpost.com/commodities/energy/a-self-inflicted-wound-pipeline-delays-to-cost-canadian-economy-15-6b-in-
2018-says-scotiabank. The former CEO for TD did work for the Liberals - https://www.bnnbloomberg.ca/former-td-ceo-ed-clark-to-become-lcbo-chair-aid-move-to-pot-sales-
1.971776
Oil is about 1/3 of exports as such play as vital role - https://www.slideshare.net/paulyoungcga/oil-and-the-environment-world-april-2019
Harper got four pipelines built which is more than Trudeau - https://calgaryherald.com/opinion/columnists/corbella-trudeau-plain-wrong-about-harpers-pipeline-legacy
Oil Sector jobs pay nearly 40% higher than service sector jobs - https://www.slideshare.net/paulyoungcga/wages-canada-analysis-and-commentary-february-2019
Trudeau also made the statement that Canada should be know about its resourcefulness (https://www.cbc.ca/news/politics/trudeau-davos-future-look-economy-harper-1.3412182
. Natural Resources are about 10% of GDP - https://www.slideshare.net/paulyoungcga/natural-resources-sector-policy-analysis-canada-january-2019 . Trudeau team includes people
with ties to Tides Foundation
USA oil is a boom and Canada Oil is sluggish, why? https://www.canadaaction.ca/vivian_krause_talks
Canada oil is both economic and ethical sound compare to other countries which you ignored, why? https://www.slideshare.net/paulyoungcga/climate-change-real-truth-facts-and-
figures-april-2019 or https://www.slideshare.net/paulyoungcga/2019-election-environmental-climate-change-canada-analysis-and-commentary (see slide 5)
Trudeau does not care unless it is about votes!
33. Blog – New Assessment Bill – C69
Ecojustice lawyer Joshua Ginsberg says Bill C-69 as originally written struck a delicate balance on the need for
Canada to build major new energy and transportation projects without harming the environment or contributing
further to climate change.
There is no balance with this bill as then environmental groups forced more assessments into any natural resources
projects.- https://www.canadianmanufacturing.com/environment-and-safety/environment-lobby-says-senators-letting-oil-
industry-run-amok-on-assessment-bill-232638/
First nations cannot hold up natural resources projects - https://www.cbc.ca/news/politics/supreme-court-indigenous-
energy-sector-pipelines-1.4221075 - Consultation needs to be done
The new assessment process does not deal with tankers coming from middle east. Middle east oil is not subjected to carbon
tax - https://nationalpost.com/news/canada/why-has-canada-spent-billions-of-dollars-buying-saudi-arabian-oil
Canada environmental standards are very good. Canada is ranked 24th as compare to its peers around the world -
https://www.slideshare.net/paulyoungcga/2019-climate-change-and-the-environment-canada
Liberals changed the rules on East-West Pipelines - http://theamericanenergynews.com/markham-on-energy/energy-east-
transcany ada-06oct17
Liberals are hijack by special interest groups - https://www.thestar.com/calgary/2019/04/16/is-a-foreign-funded-campaign-
the-reason-for-albertas-pipeline-woes.html
34. Blog - Oil and Environment
This is what I told a Liberal/NDP/Green Follower
Too many people have no clue how money flows but will protest anything that goes against their belief that carbon is bad.
Here is exactly what happens:
You do realized that only
Do you understand tax code? Oil earns an income which is subjected to tax. Oil gets deductions for CCA, Royalties, payroll taxes, etc. So, where are these subsidies? Clean
Technology gets direct subsidies. I suggest you go read what a subsidy means and stop trying to say tax deduction are subsidies.
Here is the annual report - https://www.suncor.com/investor-centre/financial-reports/annual-disclosure. Show in this report where there is direct business subsidy
Direct Business subsidies is when a government gives a direct grant to a business - https://www.investopedia.com/terms/s/subsidy.asp
Government has given out direct subsidies to clean technology for years - https://www.forbes.com/sites/williampentland/2018/04/29/federal-subsidies-for-solar-and-wind-
fell-sharply-in-recent-years-says-new-report/#3d6c8611fa9a and you say nothing
All businesses follow the ITA as part of eligibility for deduction.
Auditor-General has called out failed hydro subsidies - https://business.financialpost.com/opinion/the-ontario-power-systems-broken-auditor-general
100% renewable? https://globalnews.ca/news/4207036/ontario-green-party-platform-conservation/ . Canada gets 80% of their power from clean sources. 100% would never
work as it would not be affordable.
Tax Avoidance? Does this mean green will change the whole tax code? The party would also spend $4.1 billion over four years on mental health services, which they say they
could help pay for by improving collections and reducing tax avoidance?
They would also mandate 20 per cent of units in new housing builds be affordable, expand the protected land known as the Greenbelt, and spend more money on transit. –
There are systemic issues with real estate including land, permits, construction costs - https://www.slideshare.net/paulyoungcga/real-estate-canada-march-2019
Old economy? “We need to skate to where the puck is going, and not where it’s been,” Leader Mike Schreiner said. “The other parties are clinging to an old economy, but we
see a better way forward – GDP is made up 30% goods producing. Goods producing jobs pay on average 40% more than service sector -
https://www.slideshare.net/paulyoungcga/canada-gdp-january-2019
. A centerpiece promise is a $4.2-billion program to give grants and loans to businesses and homeowners for energy conservation. – This will do nothing if hydro rates go
through the roof. There are already incentives via CCA and/or other options to business.
Canada oil is both ethically and environmentally more friendly that other jurisdictions around the world - https://www.slideshare.net/paulyoungcga/2019-election-
environmental-climate-change-canada-analysis-and-commentary
I suggest stop believing everything you read as the information from pro-green firms is far from accurate in terms of how businesses operate based on tax, regulatory and
accounting reporting requirement
35. Blog – Scheer and Oil
https://www.canadianmanufacturing.com/environment-and-safety/baloney-meter-a-lot-of-baloney-in-scheer-statements-on-energy-independence-233536/
“Patrick Baylis, an environmental economist at the University of British Columbia’s school of economics, said reducing foreign imports of oil to
Canada would likely require construction of expensive and ecologically risky cross-country pipelines – something Scheer seems to acknowledge.”
Or “I’m puzzled by it,” said David Detomasi, an associate professor at Queen’s University’s business school in Kingston, Ont.
Canada has the oil and gas resources to be self-sufficient, but the notion of building a separate energy market “kind of flies in the face of pretty
much everything that we’ve done economically for the past 50 years.”
Analysis:
Canada is not getting full value for its oil due to price discounting. The full value of oil is not mentioned in this article - https://www.bnnbloomberg.ca/economic-cost-of-
canadian-oil-price-discounts-counted-in-billions-of-dollars-1.1166575
Emerging markets still need oil - https://www.cfr.org/blog/emerging-market-contagion-could-hit-oil-industry
Too many governments are hijack by radicals - https://www.canadaaction.ca/vivian_krause_talks
East-West Pipeline was stopped by TCL due to many issues including lack of government support - http://theamericanenergynews.com/markham-on-energy/energy-east-
transcanada-06oct17
The second pipeline KM would get oil to markets - https://calgaryherald.com/business/energy/yedlin-its-not-perfect-but-canada-will-finally-get-a-pipeline-to-tidewater
Oil contribute to taxation which is all but ignored by the above critics - https://www.nrcan.gc.ca/energy/facts/energy-economy/20062
Imported oil impacts the balance of payments - https://www150.statcan.gc.ca/n1/daily-quotidien/190530/dq190530b-eng.htm?HPA=1
Canada oil is both economically and ethically sound which is also ignored by the above critics - https://www.slideshare.net/paulyoungcga/2019-election-oil-and-gas-sector-
canada-may-2019
There are many options to getting oil to exports like Thunder Bay or Churchill or other port of calls - https://nationvalleynews.com/2019/02/24/consider-piping-alberta-oil-
thunder-bay-market-via-seaway-column-by-garfield-marks/
Australia has trade surpluses with countries. Australia is similar to Canada as both countries are Natural Resource based economies.
https://www.slideshare.net/paulyoungcga/natural-resources-sector-policy-analysis-canada-january-2019
36. Blog – Oil and Tech Sector
https://business.financialpost.com/technology/jim-balsillie-data-is-not-the-new-oil-its-the-new-
plutonium?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook&fbclid=IwAR2gXGAGS
lQ9OuG6lhVSs8IDWYYLS95y4uxWAWDC12vvVt9SYalQx6kvr9c#Echobox=1559052828
There are many facets to economy that should not be overlooked.
https://www.slideshare.net/paulyoungcga/2019-election-gdp-economy-jobs-housing-middle-class-
canada-may-2019 or https://www.slideshare.net/paulyoungcga/2019-election-technology-sector-
canada-may-2019
37. Blog – Oil – July 2019
The role of the PM is to stand of for all Canadians. @justintrudeau does not stand up for Canadians unless he
is pandering for votes.
The next government in Canada needs to have more balance between the environment and the economy!
https://www.slideshare.net/paulyoungcga/2019-election-oil-refineries-canada-june-2019
https://www.slideshare.net/paulyoungcga/justin-trudeau-and-liberals-success-or-failure
38. Who stands up for Natural Resources
Blog #1 – Natural Resources
https://www.economist.com/special-report/2019/07/25/redistribution-and-innovation-drive-
canadas-changing-
economy?fsrc=scn/tw/te/bl/ed/redistributionandinnovationdrivecanadaschangingeconomyeconomy
@JustinTrudeau “Western democracies around the world had a struggling middle class…that felt that
it wasn’t part of the growth that was going on around them” He failed the middle class!
https://www.slideshare.net/paulyoungcga/2019-election-natural-resources-canada-august-2019 (see
slide #15)
Updated Natural Resources Presentation - https://www.slideshare.net/paulyoungcga/canada-needs-a-natural-
resources-development-and-export-strategy
39. Subsidies
https://www.nextbigfuture.com/2019/06/coal-oil-and-gas-subsidies-are-5-trillion-per-year-because-of-uncharged-air-
pollution.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogspot%2Fadvancednano+%28nextbigfuture%29
Here is what I told people.
Can you show me how business is getting subsidies or tax breaks or other benefits? FYI – It is private sector that create jobs and not the government. The role of government is set policies to
encourage investment. BTW: How did the NDP fair in both Ontario, MB, SK and AB over the past 20+ years?
Tax Deductions are not subsidies - https://www.slideshare.net/paulyoungcga/2019-election-corporate-tax-and-business-competitiveness-canada-june-2019
Companies pay environment charges - https://business.financialpost.com/entrepreneur/regulatory-accumulation-is-still-damming-entrepreneurial-flow-comment or
https://www150.statcan.gc.ca/n1/daily-quotidien/181214/dq181214d-eng.htm
Companies downsizing - https://business.financialpost.com/commodities/energy/exclusive-spains-repsol-cuts-30-of-canadian-staff-in-global-
restructuring?utm_medium=Social&utm_source=Facebook&fbclid=IwAR20OQ-lF4DZZ2XdU2DimCNOg046pGwf_j161xMWqNiGfjq3GyuX3ofnnaE#Echobox=1560944759
Products include many environment costs as part of their product cost
Clean Technology relies on direct subsidies - https://www.fraserinstitute.org/article/despite-decades-of-government-subsidies-canadian-innovation-has-waned and yet Clean Technology on
average loses nearly $4B per year - https://www.bnnbloomberg.ca/awash-in-red-ink-canadian-clean-tech-struggling-despite-ottawa-s-green-goals-1.729679
Many countries power production is made via fossil fuel. If you have plug in stations and/or other battery device then they have a carbon footprint -
https://www.slideshare.net/paulyoungcga/2019-election-power-generation-clean-sources-canada-february-2019
There many pieces to the environment that are all but ignored - https://www.slideshare.net/paulyoungcga/2019-election-climate-change-and-the-environment-canada
Tax on Pollution - https://www.slideshare.net/paulyoungcga/art-of-taxing-pollution-canada-environment BTW: A carbon tax is like a consumption tax, right? Both those taxes are regressive taxes
which means they hurt the low to middle class more in terms of cost. https://www.slideshare.net/paulyoungcga/2019-election-middle-class-canada-june-2019-149149542
Competitiveness - https://www.slideshare.net/paulyoungcga/2019-election-canada-and-global-competitiveness-may-2019
GDP Growth - https://www.slideshare.net/paulyoungcga/2019-election-gdp-and-economy-canada
National Pharmacare would cost $17B+ per year - https://www.slideshare.net/paulyoungcga/2019-election-drug-program-pharmacare-canada-june-2019
Wealthiest - https://www.slideshare.net/paulyoungcga/2019-election-top-1-wealthiest-canada-june-2019
Low ROI/Clean Technology - https://www.nextbigfuture.com/2019/07/low-energy-return-will-not-cause-a-
collapse.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogspot%2Fadvancednano+%28nextbigfuture%29
FYI – The problem with socialism is you eventually run out of another people’s money!
Source - https://www.slideshare.net/paulyoungcga/2019-election-clean-technology-and-climate-canada-june-2019 or https://www.slideshare.net/paulyoungcga/2019-election-oil-and-gas-
pipelines-canada-june-2019 or https://www.slideshare.net/paulyoungcga/2019-election-direct-and-indirect-subsidies-to-businesses-august-2019
40. August 2019 / Oil Production
USA oil production continues to expand to record levels - http://www.xinhuanet.com/english/2019-
08/08/c_138291738.htm
OPEC production drops to 8-year low
Canada continues to have issues with pipelines
It always seems when I post facts then other people post-scripts from Liberal friendly sites.
Harper got four pipelines built (see slide 3) - https://www.slideshare.net/paulyoungcga/2019-election-oil-and-
gas-pipelines-canada-july-2019
Trudeau is anti-oil - https://www.youtube.com/watch?v=UlUWFnKIfxc
Trudeau thinks people will line up to build a new refinery, right? They will not. FYI – Ontario wanted to expand
refineries as such people killed those projects. There is nothing Trudeau will not say for votes - -
https://www.slideshare.net/paulyoungcga/2019-election-oil-and-gas-pipelines-canada-july-2019 or
https://www.canadianmanufacturing.com/exporting-and-importing/trudeau-says-ottawa-open-to-proposals-for-
b-c-refinery-as-gas-prices-soar-236139/
41. Financial Result – Oil and Gas Extraction
@WBrettWilson
I cannot wait for the spin from @SohiAmarjeet on the Oil and Gas Extraction.
Hey Amarjeet
Your govt is benefiting from higher oil prices and you still cannot get oil to international export markets!
@GasPriceWizard @Swiftie01 @emilia_suze
43. Oil Acquisitions
Saudi Arabia / Canada - https://www.macleans.ca/opinion/saudi-arabia-is-
buying-shares-of-albertas-oil-sands-companies-the-ethical-oil-argument-is-
dead/
China buying up USA oil - https://www.reuters.com/article/us-global-oil-usa-
china/chinese-buyers-snap-up-us-oil-purchases-at-widest-discounts-ever-
idUSKBN21J4UO
Texas oil and possible China takeovers -
https://www.foxbusiness.com/markets/texas-oil-rich-lands-chinese-takeover-
weakened-crude-producers
44. Oil and COVID
• World Oil – OPEC production cuts - https://www.worldoil.com/news/2020/6/5/oil-prices-rise-as-
opecplus-plans-to-extend-production-cuts
• Demand for plastics, asphalt and other petrochemicals products will continue to grow -
https://finance.yahoo.com/news/global-asphalt-market-2020-market-095900868.html or
https://www.globenewswire.com/news-release/2020/06/01/2041626/0/en/Recycled-Plastic-
Market-Size-to-Hit-USD-72-6-Billion-by-2026-Increasing-Demand-from-the-Packaging-Industry-
Worldwide-to-Spur-Demand-Says-Fortune-Business-Insights.html
Reduction in demand as well as potential trade issues with China - https://theloadstar.com/no-
bounce-back-in-demand-for-container-shipping-this-year/
45. Other Sources
If you like to learn more
about trade and/or
other subjects as part
of your professional
learning and
development then feel
free to review my
material on
https://www.udemy.co
m/ (search Paul Young
CPA CGA
46. Global Outlook – Oil
Source - https://www.reuters.com/article/us-global-oil-research-ubs/oil-outlook-for-
this-year-and-next-turning-brighter-ubs-idUSKBN22H0U9
47. Summary
Oil is not go away anytime soon as hydrocarbons and
gasoline play a significant role in everyday lives of people
China continues to build coal-fired plants. Catherine
McKenna keeps pushing for end to coal, but that will not
happen anytime soon -
https://www.chinadialogue.net/blog/10761-China-is-
building-coal-power-again/en
Electrical cars need to be both cost-competitive and
reliable
Pro-climate change people need to stop blaming the whole
world’s bad pollution laws on CO2 -
https://www.slideshare.net/paulyoungcga/blaming-
weather-related-issues-on-climate-change or Carbon Tax -
https://www.slideshare.net/paulyoungcga/truth-about-
emissions-and-carbon-pricing