Oil may be dead but the Canadian taxpayer is going to be paying for the funeral forever.
Why is this industry incapable of standing on its own two feet?
Globe and Mail: The oilsands are worthless
- Thread starter mentalfloss
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Why is this industry incapable of standing on its own two feet?
Fortunately for taxpayers the oil industry produces much more tax revenue than is squandered subsidizing the electric car sales.
Right from the article.
You really need to start reading past the headline of stuff you link to.
For the senior producers, it already has, but I do get a good chuckle out of this 'worthless' product making billions in profit for the producers.
The flossy's of the world are very content with go-nowhere jobs for 10% above minimum wage
That would be fine if they didn't try and force everyone else to accept the same poverty.
Herein lies the problem.
Folks like flossy/hoid can't stand when those around them succeed and excel, it becomes a constant reminder that they are being left way behind and is likely a reminder of their many, many failures.
The only possible solution for a broken person like this is to drag everyone down to the sub par level that they have set for themselves rather than make an attempt to achieve.
I like how you post opinions as fact.
Huh, here's another article (opinion) from the Globe and Mail about Canada's oil sands: https://www.theglobeandmail.com/opi...eaEBoOjp-bT2yjMorCxG0rGS-Nka6kL5Z9rYvQ08mmvH4
Back in May, when the federal government published its guidance on which sectors would be deemed “critical infrastructure” during the COVID-19 pandemic, energy and utilities topped its list of 10 vital functions.
This acknowledgment made perfect sense. Without refineries, pipelines, terminals, road and rail transport, control rooms and centres, drilling, extraction, onshore and offshore production, processing, gas stations, truck stops and chemical manufacturing – to name just some of the activities singled out as essential – life as we live it today would simply not be possible.
It wouldn’t have just been Canadians’ daily lives that would be disrupted; energy and utilities are how Canada makes a living. Oil and natural gas exports make up one-fifth of the value of Canada’s exports, letting us acquire things we prefer not to do without and would have difficulty making ourselves. And since 162 billion of Canada’s 168 billion barrels of oil reserves are in the Alberta oil sands deposits, the federal government might as well have declared the oil sands themselves to be essential.
So it is confusing to hear, from some corners, that the demise of the oil sands is looming. Indeed, politicians such as former Green Party leader Elizabeth May and Bloc Québécois Leader Yves-François Blanchet went so far as to declare oil wasn’t just dying, but was already dead. (What's interesting about Blanchet's stupid opinion is he doesn't think it's dead enough to put an end to Quebec's refining industry)
In truth, the oil sands are into the midpoint of its thriving story, certainly not its end. And in some cases, we’re on the brink of something new: Within 30 months, the Trans Mountain Pipeline Expansion to the West Coast will be complete, allowing the steady and sizable export by sea of oil sands crude for the first time in Canadian history.
Oil still supplies a significant percentage of the world’s energy needs – 32 per cent, according to updated International Energy Agency statistics published last month. Global oil demand is projected to rebound in 2021 and Asia will account for 77 per cent of oil demand growth through 2025.