Quote:
Originally Posted by Bill Bumface
Sometimes I may agree or disagree with a specific opinion of his, but in general, the man is an egotistical blowhard.
He is quick to blame anyone else for the demise of the Canadian oil industry, but completely lets himself off the hook for being a big driver of the bandwagon to remove the massive base of international diversification of the Canadian oil industry that put them in the position to be subject to the whims of a single nation's government.
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EnCana under his leadership sold two big international positions iirc, Ecuador (which was bought by a Chinese SOE) and the UK's North Sea (bought by Nexen). Both countries subsequently had tax/royalty changes much worse than anything we've seen in Alberta (Ecuador windfall prodits tax...) In many ways going all in on political stability in Canada compared to other places seems like a reasonable choice to me.