Quote:
Originally Posted by Slava
Well that is one of looking at things. The other is that a "bailout" for oil companies isn't asked for at all, and might do nothing here. For example you give Suncor $10bn today and how many jobs does that bring back? Aside from my personal dislike of giving private business money, which I think is a bad idea, what is the point? They haven't asked for this, and just giving them money doesn't mean they hire people tomorrow.
Second, there have been a lot of concessions made by the federal government. They've extended EI so it basically goes for a full year, have pushed for infrastructure spending here and as far as I know they've approved every pipeline or project that has come through for them to have their say. I don't consider that SFA, but everyone has their axe to grind.
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Agreed, throwing money at oil companies will not influence their desire to operate in regions where they will make more money due to cheaper operational expenses. You'd be better off sending that money to Saudi Arabia and asking them to raise the price of oil.