Refine by MP, party, committee, province, or result type.

Results 1-11 of 11
Sorted by relevance | Sort by date: newest first / oldest first

Natural Resources committee  I'll qualify that just slightly. Allowing for regional differences and the fact that in the far eastern provinces, similar to Maine, we built in a dependence on various energy forms that today complicate that market, I would say you are correct.

February 7th, 2012Committee meeting

Prof. Michal Moore

Natural Resources committee  The price differential we can capture certainly impacts not only the ultimate royalty regime, because it's a reflection of how much you can ship, but tax revenues. We conclude that the differential represents several hundred billion dollars over a 20- to 30-year period that's ava

February 7th, 2012Committee meeting

Prof. Michal Moore

Natural Resources committee  Sir, let me just add one point. You talked about subsidies, and I want to address that. I'll put on my hat as a former regulator and say that we have a lot of history in terms of dealing with subsidies, and we have a lot of history with how effective they can be. When we interve

February 7th, 2012Committee meeting

Prof. Michal Moore

Natural Resources committee  I would just add something very short. Each province brings with it a comparative advantage in terms of energy resources. If you look at the far west, there is a lot of hydro advantage in the very far west province and a lot of coal and independent power production in Alberta, f

February 7th, 2012Committee meeting

Prof. Michal Moore

Natural Resources committee  What a wonderful question. The advantage of having a great production well is that you can enjoy economies of scale in terms of how you produce. When you get to the capital equipment necessary to process it, we're talking about very long timeframes to construct that and a long e

February 7th, 2012Committee meeting

Prof. Michal Moore

Natural Resources committee  What's been happening in manufacturing and refining reflects some of the shifts worldwide as well as in North America in terms of capacity and in terms of market demand. I'll simply note that in the U.S. the last gasoline refinery was actually built in the 1970s, and that reflect

February 7th, 2012Committee meeting

Prof. Michal Moore

Natural Resources committee  I think that's a reasonable number, although as an economist I'll tell you that if we look at the energy system itself, we ought to have longer timeframes in mind. I'll just mention one of them, and that's the idea of rights-of-way for new pipeline expansion or new technology tha

February 7th, 2012Committee meeting

Prof. Michal Moore

Natural Resources committee  We looked at the costs of shipping the last mile out through Pacific ports by rail, and it adds a tremendous cost. It's not likely to be, long term, a very effective solution. To put it in context, that last mile, so to speak, down on the gulf coast, where we have to get past Cu

February 7th, 2012Committee meeting

Prof. Michal Moore

Natural Resources committee  I'll start off on that. I want to go back to Ms. Kenny's point about a national energy strategy and remind us that we're part of a North American continent, and that when we talk about a national energy strategy we're really talking about a North American energy strategy. That

February 7th, 2012Committee meeting

Prof. Michal Moore

Natural Resources committee  I'll simply add one point, and that is that the likelihood is that export out of Portland would end up on the gulf coast and at most do something to displace current Mexican imports. It's not likely that it will have a tremendous economic advantage, as Dr. Mintz pointed out.

February 7th, 2012Committee meeting

Prof. Michal Moore

Natural Resources committee  Thank you, Mr. Chairman and committee members. Recently we completed some work at the School of Public Policy, looking at the amount of what we call “headroom”, that is, the price spread in world markets that could accommodate additional revenues or additional netbacks to Canad

February 7th, 2012Committee meeting

Professor Michal Moore