Re: Now is the time for Ring of Fire development
posted on
Mar 17, 2015 09:52PM
Its almost impossible to figure out who is saying what and why. One reality though is that Clement is totally wrong about when to invest in and build Infrastructure and when to get a ROF deal done. Right now there is a surplus of construction capacity coming available do to the oil turndown, costs are dropping and there is a general slow down in the economy. Similarly the down turn in mining should help reset expectations for FNs and motivate all the parties involved to work towards a deal.
If we wait for the proven upturn in the commodity market everything will be in demand again, costs will go up and everyones expectations will be higher.
I'm hopeful that internal pressure for FN jobs and access drags the prov and feds to a deal. Throw in a Fed election and maybe we have what it takes to get this done.
... Been There