Quote:
Originally Posted by jolinar of malkshor
so who cares if they don't drill here for a few years....once they can't find anymore, they will be begging to come back. It maybe it is a good thing that they don't drill for a while, saves the resource for a later date....it's not like everything will collapse if they don't invest that money.
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Who cares? Probably all the people whose livelihoods currently depend on these projects. The argument of whether its better to plunder the resource now or wait until later is a tough one and I don't know the answer to that. All I do know is that oil prices are at an all-time high and oil companies tend to invest when that is the case. What happens if the projects get pulled over royalty increases and when EnCana is ready to come begging back, the prices aren't there to support the projects anyway?
I'm all for getting our fair share of what is rightfully ours, but these decisions must be made very carefully. We can't just assume EnCana will come crawling back. They probably will, they're based here, but what about Shell? Suncor? Japan Oilsands? etc, etc...