RE:here's a good oil story for ya.. quebecnord wrote: Our family was at the Orly Paris airport in the summer of 1979. All of a sudden a big group of reporters was following a guy with a long grey beard dressed in a black robe. We shrugged it off not knowing who he was. We later learned that it was Ayatolla Khomeni on his way to boarding a flight destined for Iran, to take control after the Sha of Iran (US puppet) was overthrown. Oil started spiking like crazy that summer and I have been following the oil market ever since. Oil has always been about evaluating geo-political risk and over the years it became obvious that Canada needed to rid itself of external drama and shocks on our national economy. Thank goodness for the tar sands, a source of independence and freedom for Canada. Eastern Canada needs to stop being the world's doormat and support the energy east pipeline.
Why? Eastern Canada seems quite happy importing oil from the middle east, africa and central and south america. Eastern Canada is now switching to natural gas from the Marcellus basin in the USA, instead of natural gas from either western Canada or Nova Scotia. With the ND now in power in Alberta, and oi prices down, all companies that have properties elsewhere have shifted their budgets out of Alberta. The banks have already declared a recession in Alberta and foreign investment in Canada as a whole is now decreasing. I expect the recession to spread Canada wide. What will Quebec do with no more transfer payments of many billions each year from Alberta? It seems that with less economic activity, there will be lower GDP, lower tax revenue for gov'ts so education and health care and infrastructure will all suffer. Eastern canada will have to make due with green energy like wind and solar. I won't include hydro because hydro reservoirs are responsible for 1/3 of global man made green house gases in the form of methane from vegetation that washes into reservoirs from the drainage basin and rots on the bottom forming methane. Just think how under green socialism, we can all be equally miserable:-)