Quote:
Originally Posted by Mr.Coffee
Peak oil eh? Bold claim…
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Is it? I definitely do not view that as a very bold claim. I have always viewed it as an eventual certainty that is going to happen no matter what. All people can really argue about is "when" and "how". 40 years ago all of the talk was around "peak oil supply" but now the conversation has flipped to "peak oil demand".
But I am not sure "when" really matters because the timing to change based on any number of variables:
1) Advancements of new technology
2) Adoption of alternative technologies (current or bleeding edge)
3) Government policies driving the transition
etc.
If "when" is not the most important part of the topic then I would argue that all that really matters is having a plan in place to successfully transition (you want to be Netflix instead of Blockbuster).
The UCP clearly have no such plan, which is dangerous because anyone rubbing two thoughts together should be able to see that having an energy transition plan needs to be a top priority for a place like Alberta that relies SO heavily on exporting legacy energy.
As an exporter of O&G our priority should be to keep exporting and eliminating our reliance on O&G as fast as possible. That way, once we are 100% independent of the O&G sector, any additional money we make from it is a bonus that we know will go away as soon as the rest of the world catches up.
The UCP plan is to try an increase our reliance on O&G which means that the moment that industry struggles, Alberta is screwed.