Oil prices are currently in a freefall as a result of decreased global demand and an increased cheaper supply leaving Alberta unable to compete and their oil companies' stocks tumbling.
Forget about blaming Trudeau for stalled expanded pipeline capacity and the flight of capital investment from the tar sands, after all Alberta's finger pointing and blame, the latest crisis illustrates that investing in Alberta bitumen is a loser's game. The competition is at such a competitive advantage that they can shutter Alberta's high cost production of low quality oil at will, while still turning a profit.
Will Alberta finally learn this time to wean themselves off of the volatile oil teat? And should Jason Kenney resign? His 10 day old provincial budget, which was always based on fantasyland oil prices, showed a complete lack of foresight and leadership.
If only Alberta had listened to Greta, they could have already started charting their path forward.
Forget about blaming Trudeau for stalled expanded pipeline capacity and the flight of capital investment from the tar sands, after all Alberta's finger pointing and blame, the latest crisis illustrates that investing in Alberta bitumen is a loser's game. The competition is at such a competitive advantage that they can shutter Alberta's high cost production of low quality oil at will, while still turning a profit.
Will Alberta finally learn this time to wean themselves off of the volatile oil teat? And should Jason Kenney resign? His 10 day old provincial budget, which was always based on fantasyland oil prices, showed a complete lack of foresight and leadership.
If only Alberta had listened to Greta, they could have already started charting their path forward.