Quote:
Originally Posted by Regorium
Here's another question - what is the government's role in this?
They already barely do anything for oil and gas. There's some exploration credits (that are going away). Some specific drilling tax credits. Every other tax credit/subsidy that people talk about (like write-offs or CCA's) are available for every single corporation.
They can get rid of those, then what?
Is the end-game for you guys for the government to tax, block actions (eg. drilling/expansion/pipelines) and basically choke our O&G companies to death so that we can usher in this new EV utopia?
My opinion is much more Libertarian. If oil companies can't adapt to the this new EV and TAAS economy, then they should go bankrupt. The government should not be forcing oil companies to close. It feels like that's what a lot of you guys are suggesting, albeit in a very indirect way, but maybe I'm wrong.
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Hell no...there is no reason for the Government to do anything to slow the O&G sector. In fact, policies to help the industry to become more competitive make total sense.
However, it is also the Governments role to identify how markets may evolve and lead in efforts to develop economic capabilities that industry is ill-suited to make. SAGD would likely never have been developed if industry was left to its own devices...it required AOSTRA to make it happen.
You are very wrong if you think that anyone is suggesting that O&G companies should be further encumbered by policies...it is simple market forces and the power of disruptive technical change that we are concerned about.