Canada’s oil production is set to jump by about 10 per cent over the next year and become one of the largest sources of increased supply around the world.
And then OPEC will drop their prices and crash our oil industry…again. We can’t compete in an industry where other nations use literal slave labour while we pay workers $50/h. Alberta needs to get over the idea that they have an oil industry and invest into sectors that aren’t a money pit.
I do not get why the Liberals keep kowtowing to the oil industry.
Albertans are never gonna vote for them, no matter how many pipelines they buy. Give it up. Go hard on green energy, you’ll probably at least steal some NDP votes that way.
The oilsands represent about 11 per cent of Canada’s total greenhouse gas emissions, while the rest of the oil industry and all of the natural gas industry account for 15 per cent.
Is this just for extracting the oil from oilsands?
That’s crazy! Really puts in perspective how inefficient oilsands are from start to end.
I imagine a lot of the smart chemical engineers working in this domain could transfer their skills for developing drugs, improve batteries, biofuels, recycling, etc.
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