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Showing posts from June, 2017

I agree with Weaver

Personality politics emerge as pipeline dispute pits Alberta against B.C.
"For Ms. Notley to tell British Columbia that somehow chasing the 20th century is the way for our future is not a good sign for her and her economy in Alberta," Weaver said. "Frankly, I think she should get with the program and embrace the 21st century as well." I've gotta agree with this. The tar sands have become a money pit, an economic black hole from which Canada needs to try escaping before they take down the entire economy. Back in 2009, Canada was spending $30 billion a year in subsidies so that the tar sands could generate a mere $10 billion in profit. That's, frankly, insane. That was when the price of crude was well over $100 per barrel. With prices falling dramatically to below $50 per barrel, that $10 billion in profit dried up rather quickly. And whatever profit was being generated fell just as much as the price of oil, which means Canada's now probably spending a…