We need to use more natural gas in B.C.
Editor: In your article “Hard work to grow the economy is necessary,” (The Times, March 11), you discuss the hopes of MLA Rich Coleman to get LNG plants up and running in our province.
You state “It’s important for taxpayers that he succeed, because the tax and fee burden on B.C. residents is getting to be a little over the top.” I agree about the tax burden, but if Coleman is successful we will be in the same boat as Alberta.
The Alberta heritage fund is all but gone. Their debt is worse than ours and getting worse by the day.
The fact is that their hydrocarbon industry is costing the people of Alberta a bundle. They pay high taxes to subsidize the oil and gas companies.
After all these years of pumping oil and sweating it out of sand, one would think that the people of Alberta would be on easy street.
Will the Liberal government do it any different? I don’t think so. We will pay a bundle to build those LNG plants, then have sell the gas into a market saturated with LNG suppliers.
The entire world knows about shale fracking and soon countries that are now gas buyers will not be. This won’t be too far into the future. They will be LNG suppliers, competing against us. The world gas price will fall until no one makes any money. The time will come when we will give gas away just to keep a pipeline in operation and for some meagre employment.
Now what do we do with a couple of LNG plants and no market for the gas they compress?
The best thing this government could do would be to sell natural gas to B.C. industry for the cost of transportation, and bring industry to our province. The largest cost to industry is energy. With our surplus gas we can defray those high energy costs.
The same holds true for our residents. Very cheap gas will reduce the cost of home heating, cooking and transportation.
And at the same time give our atmosphere a break.
If we use our natural gas correctly we won’t need more hydro dams. The cheapest way to produce hydrogen is from natural gas.