Bulletin - October 20, 2011
CHAIRPERSON
Chairman
Charlie opened with some words of wisdom by Ingrid Bergman, “Happiness is good
health and a bad memory.”
VISITORS
No
visitors today.
GUESTS
No
guests apart from our Guest Speaker who will be introduced later…
MAKE-UPS
- Leslie attended RLI (Rotary Learning Institute) on Saturday;
- Fundraising (Breakfast Committee) met this week as well;
- *Please ensure that names are submitted to Barb J.
BIRTHDAYS
None.
ANNIVERSARIES
Ove
and Pat celebrate 43 years on the 26th while Charlie and Jean
celebrate 55 years on the 25th.
Charlie found it interesting that these occasions happen at the same
time every year! J
PIN
PAL
No
pin pals this week.
50/50
DRAW $14.00
Leslie
draws Trish’s ticket. Congrats!
HAPPY
DOLLARS
Trish
was happy to be the recipient of the 50/50 draw and also enjoyed a “great”
evening with a bunch of micro-biologists.
Ove
contributed a dollar for repentance…he forgot the Food Cards this morning.
Pat
is happy not to have to work our breakfast on November 36th... Also promoting Girl Guide cookies (mint chocolate). We all agreed they just aren't as good as the chocolate and vanilla.
While golfing with Dale’s cousin, Wynn received a gift of some balls and tees…Pro-B1 – the ‘pinnacle’.
Wayne
asked his team members from Relay for Life to stand and be acknowledged. Although I don’t remember their total for the
team, Relay for Life took in over $70,000!
Awesome!
Charlie
spent $2 on the following Public Service Announcement: 2011 celebrates the 400th
anniversary of the King James version of the Bible. Charlie has been asked to give a lecture on
such on Friday @ 7pm at St. Andrews Church (36 Bridge St.).
John also has a novel performance on Tuesday @ 7pm at the Legion.
Pam
H. thought it would be fun to get our picture in the Rotarian. She shared her idea with us and is looking
for copies of 2004 Rotarian. She already
has 70 of the last 100!
NEXT WEEK
Chairman | Dale |
Introducer | Peter |
Thanker | Wynn |
Greeter | Elizabeth |
COMMITTEE REPORTS
No
reports.
UPCOMING
MEETINGS
None
announced.
PRESIDENT’S
TIME
President
Ken reminded members of the GSE team going to Mexico. They are still looking for a Team Leader, if
anyone is interested.
GUEST
SPEAKER
Writer's Note: A copy of Angie's report is available.
Pat
introduced Angie Leonard to us this morning.
Angie hails from Fredericton where she has lived since she was six years
old. She attended UNB and is a Chartered Accountant. Angie is
part of the Project Executive Business New Brunswick who are establishing a
plan for natural gas for New Brunswick.
Twelve
people from various government departments, as well as some liaisons, are
involved in the planning process. For
New Brunswick, this means big jobs, revenues, opportunities…but also big challenges. Once this natural resource is gone, it’s gone
for good so a good plan needs to be in place.
Impacts:
Have and have-nots
Key: natural gas – do we know if it’s
commercially viable? Can we make a profit?
Exploration
and testing is needed. There will be
direct and indirect drilling. There are
three stages: drilling, production, and finishing stage. Each source can last between 20 and 40 years. All royalties go to the Crown (as they have
the mineral rights). It will create
jobs, jobs, and more jobs! It will
create existing business growth as well as create new businesses. As for taxes, bases will be expanded.
Challenges: water, air emissions, land use,
road use (trucking will be major).
Full
production is set for 2015/16 although testing is happening now. Their concern is to ensure that proper plans
are put in place, resources available, and public perception.
Benefits: longterm (well-paid) jobs,
business growth, income to residents and non-profit organizations, economic
spin-off for the entire province.
9
Right Holders in Province (SWIN)
Trials
now in Sussex and Moncton areas;
Licenses
versus leases: Licensing gives them the right to explore (not produce) for
three years. At the end of this time
period, the license converts to a lease (although they will still have to apply
for the proper permits).
History:
The
first well in New Brunswick was drilled in 1859;
NB
currently has 40 oil wells and 40 natural gas reserves (30 are producing);
Nine
wells have been drilled hozizontally (5 gas/4 oil);
49 wells have been fracked.
There are regulations and legislations.
Exploration Process: Normally 4 Stages
Types of Economic Benefits: Direct, Indirect and Induced
Can be high cost of living: inflation rates higher than average and rentals increase.
Non-Natural Gas businesses & residents can be impacted
Wayne thanked Angie for her presentation and donated a book to a local library in her name.
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