That's with a downturn in oil price. We are still digging more oil than ever. Unemployment in AB is 6.9%... in a downturn.
Instead of buying pipelines and selling more oil, we should have a real plan not to use so much. Ratchet it back, not up.
Also, if AB can get more for its oil, you do realize that means Canada will also be paying more for oil to use it domestically? We pay world prices for most commodities.
Alberta has to sell its oil at a $20 discount from wold price, largely because it can't access world markets. Would any other industry in the country stand for that?
Yes we pay world prices for most commodities but Alberta is supposed to sell its resources for less. This is entirely the mentality of the NEP back in the seventies. Deja vu all over again.
In addition to the numbers I already posted, energy represents 22% of the total value of our exports. That will have to be replaced to maintain our standards of living.
I still haven't heard any suggestions. These are real questions that will have to be answered if we are to abandon fossil fuels. I don't know the answers but I do know that throwing rocks at Albertans isn't going to get it done regardless of how good it might make people feel.
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