- Maurice E. Adams
- January 11, 2012 - 11:59
If I recall correctly, Nalcor forecasts oil prices to double in about 10 years (and their continued excessive high oil price forecasts is the only thing that makes Muskrat Falls 'appear' lowest cost (even then they have to compare costs over a 50 year period). +++++ Please note: the Massachusetts Institute of Technology News is reporting that due to shale gas, instead of oil prices doubling in 10 years, oil and gas prices will not double for 50 years.+++++++ That totally destroys the 'apparent' economics of the Muskrat Falls project. +++++ MIT also reports that $4 worth of natural gas provides the same energy equivalent as $25 worth of oil. So if Holyrood switched to natural gas, it could operate at about 1/4 the cost of oil for Holyrood, and about about 1/5 the cost of Muskrat Falls power.
- January 11, 2012 - 10:37
What exactly is it that Kennedy and Dunderdale dont want us to know? Can you see now why she put Jerome in this cabinet position? Williams taught he well. The lies corruption and cover ups are front and centre just like when Danny was King.
- Maurice E. Adams
- January 11, 2012 - 07:40
The consumer advocate said it "would have been better" to have full information. What kind of advocacy for consumers is that? Given the cost and questionable need for this high cost power, and the risk to the province, and the fact that this multi-billion project will be paid for lock, stock and barrel by Newfoundland ratepayers, and the costs are shifted, downloaded to our children and grand children so that our rates will appear lower in the early years --- then I must question how seriously the Consumer Advocate is taking his role and how hard he is pushing to ensure that this project gets 'properly' reviewed.
- Willi Makit
- January 11, 2012 - 06:47
The opposition can use their allotted budget debate time to talk about Muskrat Falls? Why on earth would government not allocate time specifically for debating the single largest spend in this province's history? If the opposition uses their time to debate Muskrat Falls instead of the budget, what time will there be to ask questions about and hold the government accountable for their budget plans? A responsible government working for the people that they represent would allow sufficient time for both.