Monday, July 07, 2014

This Day In Snookland....The Twelve Dollar (Anti-) Solution.


From the Ernst and Young report on LNG development released earlier this year:

...More realistically however, the current supply side of the LNG business — including most, if not all, projects under construction — needs to be assured that it will be able to achieve a netback (i.e., after shipping costs) of about US$10 to US$11 per million BTUs, or about US$12 to US$13 per million BTUs delivered...

Charlie Smith took it from there on Friday. Here is his lede:

ASIAN PRICES FOR liquefied natural gas have fallen to their lowest levels since April 2011.

According to an article in Business Day, the spot prices for August delivery are down to US$12 per million British thermal units.

If these prices were to hold, it could kibosh B.C.'s LNG industry before it is even launched....


If the Russians keep making deals and the Japanese decide to fire up their nukes, can someone tell me how, exactly, are we going to pay that hundred billion dollar IPP bill that Mr. Campbell and his Golden Era cronification of everything left behind for us?



Anonymous said...


Anonymous said...

caveat emptor
Panem et cirqenses for the rest.?

Remember every day is election/eering day.

trillion dollar economy and 100000 jobs is only an estimate.

lots of bark little far.

dont forget Alaska LNG plans And the Japan/Russia gas line proposal.

JasonS said...

Why there is only one thing to do with that money losing albatross around the glorious and benevolent B.C taxpayers neck !
We will sell BC Rail !
No wait what year is it .... oh ya We will sell BCHydro in a 1000% above board deal to people that may or may not have given us donations in the past . I don't know why don't you kids go play and let mommy take care of it ok huns .
Brought to you by the bc liberals.

RossK said...

Thanks Anon-Above--

Won't forget...




Otherwise you're sure to give them ideas?