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Even if you accept your argument, as you pointed out, a pipeline (Line 9) helped the situation.
by appleiigs 7y ago
Even if you accept your argument, as you pointed out, a pipeline (Line 9) helped the situation.
- cmrdporcupine 7y agoSure, an existing pipeline. It was originally built to move oil east decades ago. Then it was reversed because oil coming from the other direction was more economical. Then they reversed it back recently. My overall point is that almost every Albertan I've spoken to doesn't even know about Line 9, and politicians and media there keep repeating points about Quebec and Saudi Oil and Saudi tankers, and being denied access to markets. This doesn't accord with reality: oil from Alberta is already distributing across the country. Oil from Saudi Arabia is only a minor part of the mix in Quebec and almost none in Ontario. Also worth pointing out that as a % of GDP and as % of exports manufacturing still tops oil and gas and mining. So the claims that "Alberta is holding up the economy of the country" sound pretty unsound and shrill. In fact, when Alberta is doing really well because of high oil prices, the manufacturing centres suffer due to a high dollar.
- appleiigs 7y agoWhat does it matter if it's existing or not. The pipe helps Canada reduce spending money elsewhere. It helps the environment vs trucks, rail and tankers. A new pipe will help further, whether you think 25% imports is still high or not (it is still high, see next paragraph). You've already shown the benefits of adjusting Line 9. Oil prices are not high. Today WTI is at $54 and Alberta oil (which is also Canada's oil) is selling at $12 cheaper (21%) because of transportation issues... that's then on top of that we pay an addition cost for refined products! $12 is per barrel... and we import 592 million barrels PER DAY according to the website you linked. EDIT: you also said in a previous comment "and the world wide price of oil has been sagging for a half decade because of global macroeconomic forces"... but now you're saying oil is high? Ok, I'm really out of this discussion now, you're just making stuff up.
- cmrdporcupine 7y agoWhat? I never said oil prices are high. You just didn't read. I said _when_ oil prices are high, central Canada's manufacturing industry suffers. Stop throwing insults around and read.