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The oil from the tar sands isn't clean, there's no great reasons for it to come from Canada (I'm Canadian too before anyone jumps on that). Sure, it's extracted
by verelo 5y ago
The oil from the tar sands isn't clean, there's no great reasons for it to come from Canada (I'm Canadian too before anyone jumps on that). Sure, it's extracted under better working conditions than many places in the world, but the damage to the environment is substantial, it's a very energy intensive process and furthermore it is much worse in terms of impact and energy use than almost all other means of obtaining oil.
Alberta seems to be expecting this oil thing to keep the province going forever; it is over. Diversify, try new things, for your sake and the sake of the rest of Canada. Please stop expecting this to get better. 2015 was a warning, it's now officially ending and the time to start moving on has passed, every day not diversifying the economy of Alberta is just a day of economic procrastination.
Edit: Sure energy security, keep some for us, but let's not make it the backbone of our economy.
- eloff 5y ago> there's no great reasons for it to come from Canada Energy security, not propping up authoritarian regimes with terrible human rights records, not requiring military interventions to protect a stable supply of oil. Maybe not good enough reasons to change the balance, but reasons nonetheless.
- hilbertseries 5y agoThe US is the largest oil producer in the world.
- YarickR2 5y agoYet Russia is the largest oil supplier to the US
- throwaway0a5e 5y agoThe US is the largest oil supplier to the US. You can kinda thank W for that.
- MaxHoppersGhost 5y agoI think that actually occurred under Obama.
- mensetmanusman 5y agoIt did, which is kind of hilarious in hindsight because he kept saying “we can’t just dig our way to lower prices”, and they had no idea that some Texan would invent fracking…
- nielsbot 5y agoAlternative: phase out oil. Also solves those problems.
- eloff 5y agoRight, while you wave your magic wand to try and accomplish that, the world will keep using oil. Obviously, you're right long-term but it's a slow transition not a switch we can flip.
- munk-a 5y agoI think that economies are stubborn beasts, if they can avoid change they will. I don't think it's reasonable to expect any sort of energy transition to occur gracefully while oil is in supply. As the price goes up we'll see some industries priced out and over time we'll see early adopters convert but we're not going to see a smooth transition for the populace at large.
- acdha 5y agoIt really depends on what “at large” you mean and the timing. If we passed a carbon tax and told everyone that oil will never be cheaper than it is now the phase-out would be relatively smooth: people would buy smaller, fuel efficient vehicles and EVs; there’d be more carpooling and combined trips; and people would be quicker to use transit or remote work. The same is true for home heating, various trades using equipment like lawnmowers, etc. — make a clear promise and do so across the board so people have the incentive to make capital investments. The problem there is if you need to do it quickly: if the SUV/truck trend hadn’t caught on, for example, fleet economy wouldn’t have reversed the improvements we saw in the 80s and early 90s. The longer we wait, the harder that gradual transition will be.
- SECProto 5y ago> Obviously, you're right long-term but it's a slow transition not a switch we can flip. And trains lend themselves much better to slow declining transition than a new pipeline. Can be used for other cargo; are a bit more expensive so they are a mild financial disincentive; the contaminated material (tanker cars) are by definition mobile and therefore easier to deal with at EOL.
- kevin_thibedeau 5y agoAll very good reasons to invest in a domestic refinery and let Canada enjoy its own riches.
- swader999 5y agoUSA cutting off one of the most ethical jurisdictions in the world. Sacrificing energy independence and for what? Endless war and military expense propping up authoritarian governments with ongoing human rights abuses.
- bryanlarsen 5y agoDo you trust the Kenney government to diversify properly? All we've seen so far is them waste a bunch of money on Hydrogen.
- jgon 5y agoThe economy of Alberta depends less on revenues from oil and gas than the economy of neighboring British Colombia depends on real estate (aka flipping houses), and is roughly as diversified as Ontario (in terms of % of economy coming from various sectors) which is the other heavy weight economy in Canada. People keep saying that Alberta needs to diversify as though this is some sort of epiphany that the province refuses to have, but it honestly just reveals the ignorance of the person making that claim regarding the current economic state of Canadian provinces.
- eloff 5y agoYet Alberta is feeling economic pain in a way that Ontario and BC do not seem to share. They aren't diversified enough.
- jgon 5y agoYeah because housing hasn't crashed (yet). Also Alberta is feeling economic pain only in comparison to the crazy boom years prior. It is still literally the highest GDP/capita of any province, its unemployment rate ranks it 5th amongst Canadian provinces, its government is still the least indebted on a per-capita basis of any province, it has the highest labor force participation rate of any province, etc, etc. The fact that Alberta is still paying federal transfer payments to the rest of Canada should be sufficient shorthand to convince you that the economy is not as dire as you would think when viewing it from the outside.