Re: What the "Have Not" Provinces GetJul 4th, 2012
What BS; I don't believe for one minute that you can say that and state that you were "very much involved".
Me, I was a kid when it hit, but had a lot of family that were industry players. To this day, I come into contact with a number of former AB companies that fled to Oklahoma and Colorado when PET announced his intentions. They set up shop there and developed resource plays that are ongoing to this day, they still talk about the damage that NEP did and how it prematurely drove the industry (and the rigs) South.
BTW - I notice that you didn't comment on the notion that the Canadian Feds were buying Venezuelan (and US) crude at global market prices to make up for the short-fall in that period of time prior to the global collapse.... Is that reality a little too inconvenient in suggesting that the industry was foundering in Canada prior to the global recession? Maybe it undermines your 'insurance industry experience' that the Canadian rigs were just parked in a field to rust as opposed to contracting to US based companies.
How about it? Got an answer?
That is no justification for a reversion back to immaturity and dependence.
Still entitled to your entitlements, are you? The only people that are 'insisting' on poverty are those that make the decision to remain in an untenable situation.
If you demand to live in an area that has no potable water available, don't piss and moan about the lack of water and demand that someone thousands of miles away fix that problem... Man-up and move on, that is the way that Canada was built
For your convenience, I'll repost just for you:
I don't buy the insurance schtick as any kind of rebuttal to the relative increase in US E&P in those couple of years prior to NEP in Canada.
Why would I answer about Venezuelan oil? It is entirely irrelevant. The NEP was conceived as a response to the oil crises of the 1970's and to the looming recession whose beginnings were already evident and severe with unemployment rates higher than they are now before the Recession officially began.
It was also designed to provide security for Canada's needs. Don't you know how Venezuelan oil fitted into that?
Your snide accusations about others and their "entitlements," btw, are simply bunk. There are entitlements that come with citizenship and that is why your province received support as needed.