Quote:
Originally Posted by Bunk
Read this. Really read it - I'd be curious what people think of Gerson's point here. It really rang true for me. What is our plan here beyond indignation about the world around us?
Governing this province should be an honour, not an inheritance
‘This is the rage of a province that knows the world is changing around it'
Jen Gerson for CBC News Posted: Mar 22, 2019
https://www.cbc.ca/news/canada/calga...ium%3Dsharebar |
I question the statement that the world economy is decreasing its reliance on oil and gas. I don’t think we have seen any evidence that oil and gas demand is dropping. And even if O+G demand does drop off Alberta is well positioned to be a low cost supplier of oil given the high upfront capital investment of CPF facilities and the relatively low (relative to shale) sustaining production costs. So in my opinion current production levels will be maintained in Alberta relatively indefinitely unless a massive technological shift occurs away from oil and gas in developing nations. And even if that massive shift away from oil vehicles occurs the switch to natural gas based power instead of coal should see increasing gas demand as carbon emmissioms are forced to drop.
Either way if Alberta and Canada have their #### together we can be a minor supplier of the worlds enerfy needs going forward. The world is not going to meet any of its Paris goals unless Carbon Capture rescues us.
We don’t have an issue with the global demand for our product. We have a transportation problem.