Taxpayers as bagholders – In-Sights

By on August 25, 2016

Normzig, “No matter how many speeches are made or how many permits are issued and how many rainbow forecasts are shown, the only way BC is getting LNG plants anytime soon is if they build them with taxpayer money.”

Reuters, Clyde Russell, Launceston, Australia, June 9, 2016

Conventional wisdom in the liquefied natural gas (LNG) sector is that no new projects will be built for several years, given the vast cost can’t be reconciled with the current low prices.

The wave of LNG building in recent years has seen eight projects being built in Australia, with five now operating and the remaining three nearing completion, and five in the United States, the first of which has starting shipping cargoes.

The era of mega-LNG projects appears to be over, at least for now.

The average breakeven cost for the recent projects is $12.60 per mmBtu, a price well above the current levels.

Substantial volumes of additional LNG that can come to market in the coming years from existing facilities at considerably lower prices when compared to the huge cost of developing new plants …

lng

LNG World News, August 23, 2016:

The Alaska Gasline Development Corp, owned by the state of Alaska, said it plans to assume full management of the $45 billion-plus Alaska LNG Project by the end of this year.

…Once transitioned, the Alaska Gasline Development Corporation will be responsible for managing the project going forward including applying for regulatory approval, securing the commercial commitments from gas sellers, shippers, and buyers necessary to acquire the equity and debt financing that will be required to complete the project and prepare to start.

industry

Translation:

When we initiate creative ways for taxpayers to subsidize oil and gas, there’s nothing better than having another of their senior people help us transfer investment risks to the public while still ensuring that profits stay with the industry.

taxpayer

Source: Taxpayers as bagholders – In-Sights

Bridgeport Sound Tigers Sign Montrose BC Native Kellen Jones To One-Year AHL Contract

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Kellen Jones of the Utica Comets waits for a shot from the point in front of goalie Scott Wedgewood and Seth Helgeson of the Albany Devils at the Times Union Center in Albany Friday, April 22, 2016.

Bridgeport, Conn. (July 5, 2016) – The Bridgeport Sound Tigers announced today that forward Kellen Jones, has agreed to terms on one-year American Hockey League contract.

Jones, 25, split his 2015-16 campaign with the Bakersfield Condors and Utica Comets of the AHL and the Missouri Mavericks of the ECHL. In the AHL, Jones had a combined eight points (four goals, four assists) in 33 games and played in four post-season games.

The Montrose, BC native scored 25 points (six goals, 19 assists) in 23 games with the Mavericks.

In two seasons as a pro, Jones has 24 points (nine goals, 14 assists) in 87 games in the AHL and 50 points (13 goals, 37 assists) in 50 games in the ECHL.

Prior to turning pro, Jones played four seasons at Quinnipiac University, where he was an alternate captain his junior and senior seasons. He scored 127 points (53 goals, 74 assists) in 157 career games with the Bobcats.

During his junior season, Jones recorded five points (two goals, three assists) in the NCAA tournament where the Bobcats fell in the National Championship to Yale.

Kellen is the twin brother of Bridgeport forward Connor Jones.

Kellen was drafted in the NHL draft in 2010 in round 7 #202 overall by Edmonton Oilers.

Capture

Source: http://www.soundtigers.com

Ocean Falls, B.C.: Pictures of, And Around, Ocean Falls

alexandermackenziemonument_deanchannel_nearoceanfallsbc Burma Road & New Duplex Homes OCEAN FALLS B.C. Canada Gowen Real Photo Postcard damatoceanfallsbc

greetings from ocean falls b.c....you're not going to believe this

greetings from ocean falls b.c….you’re not going to believe this

mountbaldyatoceanfallsbc

Ocean Falls  [ca. 1918] (Creation)       Crookall, James (Photographer)

Ocean Falls [ca. 1918] (Creation) Crookall, James (Photographer)

OCEAN FALLS B.C. RPPC GOWER SUTTON WATERFRONT VIEW BOATS MILL OCEAN FALLS B.C. RPPC GOWER SUTTON WATERFRONT VIEW Ocean Falls Harbor in British Columbia CANADA1926 Photogravure View

Ocean Falls’ first sawmill was built in 1909 by Ocean Falls Company.     The Bella Coola Pulp and Paper Company organized and staked leases on approximately 80,000 acres which, ultimately provided the foundation for pulp and paper projects and the sawmill in Ocean Falls.

Ocean Falls’ first sawmill was built in 1909 by Ocean Falls Company. The Bella Coola Pulp and Paper Company organized and staked leases on approximately 80,000 acres which, ultimately provided the foundation for pulp and paper projects and the sawmill in Ocean Falls.

Vintage Postcard, " Townsite, Ocean Falls, B.C. " Gowen-Sutton Co., Ltd., Vancouver, B.C.

Vintage Postcard, ” Townsite, Ocean Falls, B.C. ” Gowen-Sutton Co., Ltd., Vancouver, B.C.

ocean falls bc 1922

ocean falls bc 1922

Ocean Falls [harbour and buildings 1941 (Creation)     Coltman, Alfred Donald (Don) (Photographer)     Steffens-Colmer Studios Ltd. (Photographer) Williams Bros. Photographers Collection

Ocean Falls [harbour and buildings 1941 (Creation) Coltman, Alfred Donald (Don) (Photographer) Steffens-Colmer Studios Ltd. (Photographer) Williams Bros. Photographers Collection

1915 Print Ocean Falls Company Town British Columbia Canada

1915 Print Ocean Falls Company Town British Columbia Canada

original 1915 duotone halftone print of the interior of the Power House in Ocean Falls, British Columbia, Canada. Ocean Falls used to be a company town with its residents working in the pulp and paper mill.

original 1915 print of the interior of the Power House in Ocean Falls, British Columbia, Canada. Ocean Falls used to be a company town with its residents working in the pulp and paper mill.

original 1915 duotone halftone print of the view of the diversion dam in Ocean Falls, British Columbia, Canada.

original 1915 print of the view of the diversion dam in Ocean Falls, British Columbia, Canada.

original 1915 duotone halftone print of the Ocean Falls in Ocean Falls, Canada.

original 1915 print of the Ocean Falls in Ocean Falls, Canada.

original 1915 duotone halftone print of the pipe line in Ocean Falls, British Columbia, Canada. Ocean Falls used to be a company town with its residents working in the pulp and paper mill.

original 1915 print of the pipe line in Ocean Falls, British Columbia, Canada. Ocean Falls used to be a company town with its residents working in the pulp and paper mill.

original 1915 duotone halftone print of the pipe line and power house in Ocean Falls, British Columbia, Canada. Ocean Falls used to be a company town with its residents working in the pulp and paper mill.

original 1915 print of the pipe line and power house in Ocean Falls, British Columbia, Canada. Ocean Falls used to be a company town with its residents working in the pulp and paper mill.

print of the pipe line and Link River in Ocean Falls, British Columbia, Canada. Ocean Falls used to be a company town with its residents working in the pulp and paper mill.

print of the pipe line and Link River in Ocean Falls, British Columbia, Canada. Ocean Falls used to be a company town with its residents working in the pulp and paper mill.

pacificmillltd_oceanfallsbc

pacificmillsltd_oceanfallsbc

ocean falls post office 1908

ocean falls post office 1908

RPPC OCEAN FALLS, British Columbia Canada MARTIN RIVER Gowen Sutton Postcard

OCEAN FALLS, British Columbia Canada MARTIN RIVER

ss.princegeorge

ss.princegeorge postcard

townsiteoceanfallsbc

townsite of ocean falls bc

Boilermakers from Lodge 359 installing the steam drum of a new boiler at the Ocean Falls generating station in 1938.  The hydroelectric power plant was originally built in 1917 as part of the Pacific Mills pulp and paper mill.   Photos from the International Brotherhood of Boilermakers archives collection "The Boilermaking Career of William Charun, Member of Lodge 359, 1948 to 1980's." Photos courtesy of Richard MacIntosh, International Representative.

Boilermakers from Lodge 359 installing the steam drum of a new boiler at the Ocean Falls generating station in 1938.
The hydroelectric power plant was originally built in 1917 as part of the Pacific Mills pulp and paper mill.
Photos from the International Brotherhood of Boilermakers archives collection “The Boilermaking Career of William Charun, Member of Lodge 359, 1948 to 1980’s.”
Photos courtesy of Richard MacIntosh, International Representative.