Quote:
Originally Posted by Bill Bumface
I don't see how pipelines, if built, are anything but kicking the can down the road.
Alberta was actually diversifying decently at the tail end of the 90s and all of it got undone by the escalation of costs caused by another oil boom.
It seems lazy and unimaginative to think the solution to our economic problems is just to find a way to make another oil boom happen.
Alberta is producing 40% of Canada's GHG emissions and we are seeing the economics of renewables become more and more attractive.
We know oil is not going to be the long term solution. What if all the pipeline effort and money had been put toward sound steps toward diversification? Where would we be today?
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Sure, go nuts. Nobody is stopping you from investing are they? What do you mean by economics of renewables being more attractive? Could you be more specific? Which ones types of alternatives?
Personally I think the carbon capture and storage / transition into alternate fuels or blending agents is the right idea / future.
Also I don’t think you’ll get many people or any people disagreeing on diversity in our economy. Houston diversified from oil and gas in the ‘90’s into health care / research successfully. It doesn’t mean oil and gas must die though. That’s the part I don’t get. Why do we have to absolutely obliterate one industry for another? It seems like that’s how people think.