Comments by "Neolithic Transit Revolution" (@neolithictransitrevolution427) on "" video.

I think it would make a lot more sense to worry about Europe's Carbon Border adjustment mechanism placing a price on oil sands products if any oil sands products went to Europe.
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Overall very good discussion of the Tier market. I made a few comments point to points I think you are in error, but in general great interview
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Okay, but you are being misleading when you say Suncor paid 47¢ a barrel, because you are averaging what they paid in total over all their barrels and that conflates their SAGD operations and Mining operations. The SAGD operations, because they have been on line for a decade and expanded to over 100k bbl/d, are fairly low emitters. But they produce DilBit exported without any added value to the US, where refineries with Cokers then emit carbon to upgrade the Bitumen into lighter Hydrocarbons. The Mining operations, however, are incredibly high cost barrels, and because they upgrade the Bitumen domestically, far more carbon intensive within the scope of Canadian Carbon pricing. The SAGD operations are monsters that will never stop and will pay people to take our no value added bitumen away if they have to. The Mining operations are the majority of employment, the entire economy of Fort McMurray, pay a much higher price per for carbon emissions while being much more expensive. And it's not as though the bitumen upgraded in the US produces less carbon; that is why they are claiming it makes them uncompetitive..
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So your argument is the Carbon price is meaningless to us, but a big issue for investors, and that's meant to be a defense? I support the Industrial CT, but that's poorly laid out argument
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@mikeb5664 it doesn't really matter if it's 25¢. Suncor puts its Mining operations operating cost at $33.4/bbl, and base plant upgrading operating cost at $25.75/bbl. That's a combined cost of $59.15 dollars. And that's after cutting combined cost almost $15 yoy. And that's just the operating cost. WTI is trading at $59.55 today, it was below $58 yesterday. Before any carbon price, it is under threat of going offline. Syncrude is maybe the most expensive barrel in the world. And if we export the raw Bitumen, it will still be upgraded in the US and release emissions. And for the love of God, don't give me some nonsense about well if it isn't economic I guess it should go off line. Do you want the government taking over the tailponds when Syncrude declares bankruptcy? Do you want to bail out RBC for being over extended? Do you want thousands of people losing their jobs and going on unemployment and Fort McMurray turning into a ghost town and losing all home wealth? This isn't a gas station this is the basis of a regional economy, we don't have to sit back and watch it fail, we certainly don't have to increase its costs. -source of costs: Oil sands magazine, Bigger Trucker, Record Upgrader Utilization Nov 13th 2024.
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@mikeb5664 it doesn't really matter if it's 25¢. Suncor puts its Mining operations at $33.4/bbl, and base plant upgrading at $25.75/bbl. That's a combined cost of $59.15 dollars. And that's after cutting combined cost almost $15 yoy. And that's just the operating cost. WTI is trading at $59.55 today, it was below $58 yesterday. Before any carbon price, it is under threat of going offline. Syncrude is maybe the most expensive barrel in the world. And if we export the raw Bitumen, it will still be upgraded in the US and release emissions. And for the love of God, don't give me some nonsense about well if it isn't economic I guess it should go off line. Do you want the government taking over the tailponds when Syncrude declares bankruptcy? Do you want to bail out RBC for being over extended? Do you want thousands of people losing their jobs and going on unemployment and Fort McMurray turning into a ghost town and losing all home wealth? This isn't a gas station this is the basis of a regional economy, we don't have to sit back and watch it fail, we certainly don't have to increase its costs. -source of costs: Oil sands magazine, Bigger Trucker, Record Upgrader Utilization Nov 13th 2024.
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