Quote:
Originally Posted by afc wimbledon
There's never any point in trying to create an industry, what governments need to do is look at what's developing organically and nurture that.
I would guess there's a fair amount of oil and gas tech firms, pipe builders, valve casting, that kind of thing that serviced the domestic industry who's product is now 25 percent cheaper in the U.S., in fact an oil and gas manufacturing sector would be pretty good 'short' against low oil prices as its products would then become hugely cheaper as the dollar drops.
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I see where you are going, but a company here that makes large equipment like coiled tubing units and pumpers got hammered by the drop in oil. Smaller easier to ship items seems like the way to get Americans to buy here, but only if cheaper. I think lots of Canadian manufactures like to price in Us dollars, so they may not actually offer a competitive product. But that is just my feeling.