Quote:
Originally Posted by killer_carlson
If the debate over whether to export raw bitumen to capitalize on markets in Asia and the US to the tune of hundreds of billions of dollars
(PCs)
vs
Process more bitumen and upgrade it here to create more jobs
(everyone else)
|
If that's the case, (and I'm not saying it is) then we should all vote PC! We have a bigger competitive advantage in extraction than in processing, and that makes an optimum capital allocation one that generally favour extraction.
I also want to point out that it's simply not possible for Alberta to deliver services as cost-effectively as, say, other provinces. Things cost more, construction costs more, labour costs more here.