When you first start reading the latest report on the Lotuslandian LNG fantasy in the Financial Post by Claudia Catteneo it almost (but not quite) seems like the true reality of situation is starting to sink in:
...Asian customers have been demanding lower prices than they have been paying in their markets, while Canadian LNG backers have been looking for higher Asian prices to justify spending tens of billions on liquefaction facilities and pipelines. The standoff has made it difficult to nail down long-term contracts...
But then Big Rich Coleman starts to bloviate, and his words are stenoed-up without comment:
..."We believe the numbers are going to work," Coleman said
"They seem very comfortable with the return on investment, the actual resource (size) we are talking about in B.C., and the cost structure and the delivery structure, which are all important pieces for us and for them."...
And finally 'the province' gets to have its say, completely unchallenged.
...At least 10 LNG projects have been proposed for the north coast of British Columbia and three have received export licenses from the National Energy Board.
If five of the proposed facilities move forward, the cumulative gross domestic product benefit could add up to one $1 trillion by 2046, create more than 100,000 new jobs and new government revenue, the province says...
Isn't that the number that Princess Pammy pulled out of thin-air back in the days when she and the other Minions of Snooklandia were making things up hand-over-fist (e.g. during last spring's election campaign).
Why, yes, I believe it...
And as for that '2046' year business...Is that not a tip-off to what's really going down here?