Quote:
Originally Posted by Dan02
Is this true though? Canada produces more oil then ever and more importantly a larger share of the worlds oil consumption then ever. How much more development would satiate you?
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Since 2011 the US has gone from 5mm bpd to 13mm bpd of production. In that same time frame Canada went from 2 to 4.
It's pretty widely known that a lot of the anti oil activism was sponsored by US oil companies to hamper our ability to get our oil offshore. We let others dictate our policy for their own gain, and now we sell our oil to them at a discount. So sure we're more than ever before, but you would think supplying more of "the world's most ethical oil" would be a notch in the environmental belt.
Even the Saudis are ahead by going all in on oil and using the capital gains to invest in diversification. We put the cart ahead of the horse and caved to international pressure to give up on energy export (LNG / Oil) with no real diversification strategy.
It's not about me being satiated, it's about using what we have to offer to get ahead. If I was a carpenter who wanted to open a restaurant, I would probably raise that capital working as a carpenter and open a restaurant - not by becoming a food blogger and writing about how much healthier my restaurant would be if I ever opened it and just enjoying the free food.