Author Topic: Varcoe: As crude-by-rail shipments tumble, Suncor CEO calls for ‘soft exit’ to oil curtailment  (Read 101 times)

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Online thackney

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Varcoe: As crude-by-rail shipments tumble, Suncor CEO calls for ‘soft exit’ to oil curtailment
https://calgaryherald.com/business/energy/varcoe-suncor-ceo-calls-for-soft-exit-to-oil-curtailment
 February 7, 2019

Albertans of a certain vintage will remember the finer moments of Stampede Wrestling when the Masters of Disaster or British Bulldogs would deliver a sudden one-two blow to an opponent.

Flying from the top rope, Duke Myers or Dynamite Kid would slam into their foe, before tagging right back out.

Alberta’s oil curtailment debate feels a little bit like that these days.

On Wednesday, Suncor Energy CEO Steve Williams climbed into the ring, criticizing curtailment and calling for the Notley government to get out of it.

It comes just days after Imperial Oil CEO Rich Kruger lambasted the government‘s “ill-advised, ill-informed” decision to restrict production in Alberta.

Williams wasn’t quite as fiery, but his critique hit on a similar theme: the dangers of unintended consequences.

“I am disappointed in the fact the Alberta government has got us into this situation, but we’re working with the government to make sure the unintended consequences are minimized,” Williams said on a call to discuss Suncor’s fourth-quarter financial results.

“Our advice to government has been, you are seeing these impacts . . . and it’s time to start planning for what we call a soft landing or a soft exit.”...

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"In this present crisis, government is not the solution to our problem; government is the problem."

 - Ronald Reagan
January 20, 1981: From Reagan's Inaugural Address.
https://www.reaganlibrary.gov/research/speeches/inaugural-address-january-20-1981
Life is fragile, handle with prayer


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