Quote:
Originally Posted by Cowboy89
GDP per capita in Canada has been falling since 2014.
|
This is false. GDP per capita had been increasing steadily until 2020 with a partial recovery in 2021.
https://data.worldbank.org/indicator...D?locations=CA
https://data.worldbank.org/indicator...N?locations=CA
Quote:
|
This is now so obvious, but no doubt we’ll have posters in the following pages post about how Alberta needs to forget about its energy despite being one of the most blessed jurisdictions on Earth and become an ‘emerging tech-hub’ like every other place in North America is also trying to be. We’re supposed to somehow compete in these fields globally without having a built in competitive advantage with everyone being able to WFH during cold/Covid seasons, only 4 days a week, with 6 weeks vacation, and whining about how it’s not enough that the government already pays for health care, but also has to pay for everyone’s drugs, dental etc. There’s a strong component of the Canadian population who think it’s inhumane to have to work any harder than that. Without natural resource revenue we’re completely screwed.
|
You and some of the other posters need to understand the point of view of importer countries. Importing oil and gas is a huge strategic liability, but until very recently there very few alternatives. However you're starting to see alternatives like battery-electric vehicles. There a bit of nibbling on the demand for O&G. On the horizon you see things fueled by clean energy such as hydrogen, synthetic hydrocarbons, methanol, ammonia and potentially other things. Is it possible that they could completely displace oil and gas? Maybe, maybe not but it's entirely countries (especially rich ones) will aim to replace a significant share with clean fuels for climate and/or strategic purposes.