Overview of Canada/Tar Sands/refineries

[Karl Perrin]

Hi,

This is probably paid for by the fossil fuel industry, but it’s a quick overview.  

For just the TMX part start at around 10’50”.

All the best, Karl

[Karl Perrin]

Hi Steve,

Thanks for your insight.  As Norway walked away with tons of medals at the 2026 Olympics I thought about their trillion dollar Sovereign Wealth Fund https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Norway

Canada may have missed the boat.  And when Alberta whines I think, “No sales tax? Give me a break.”

All the best, Karl

On Apr 1, 2026, at 10:59 PM, steve bramwell <steveb...@telus.net> wrote:

Hi Karl and Broke folk- There seems to be some truths in the video but lots of  misinformation by omission. There is the implication that a new pipeline could ship more Canadian oil to Asia and get a better price. What is not said is it is not Canada that is shipping and selling the oil. It is the foreign oil companies operating in Alberta that own the product and get a better price for it offshore. There is always mention of the discount or price differential between Western Canada Select oil and West Texas Intermediate oil and that somehow more pipelines can remedy this. The two products are apples and oranges, WCS is heavy sour and WTI is light sweet and more pipelines will not change that. There will always be a price difference.

I think the technical and structural problems we have in our oil industry are mostly stated in the video. The reason we are in this situation is because we have never had a government strong enough to force a fair deal from the Big Foreign Oil industry that operates in Canada.

Canada is one of the most resource rich countries in the world, why are we not the richest people in the world?

Be well

Steve B

On Wed, Apr 1, 2026 at 2:12 AM Karl Perrin <per...@shaw.ca> wrote:

Hi,

This is probably paid for by the fossil fuel industry, but it’s a quick overview.  

For just the TMX part start at around 10’50”.

All the best, Karl

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