RE:RE:RE:Energy: A New World Order The west (America and EU) got into this mess due to social engineering like anti oil, anti pipeline, carbon tax, ESG, restrictive financing, bloated regulation, and free money to accelerate solar and wind. Now, your solution is to introduce more social engineering to fix it?. When time are bad for oil and gas sector, gov't didn't give a hoot. Now the oil and gas shining again and you want oil companies (bascially Alberta and Sask) to bail out canada? A windfall tax will only add more wind to the sail of western separation movement.
Experienced wrote: Will take time for this to happen but YES.
End result?
Russia becomes a vassal state of China along with pretty much most other countries.
Why?
The difference between playing the long game and the short game. Capitalism is all about making the next Q report numbers not long term sensible decisions.
At my age I doubt I will live long enough to see this happen but I do fear for future generations.
IMHO - the poor and the middle class are screwed from the inflationary impacts we are seeing driven by the rising oil price and gas prices and other things like food. Rich people will prosper in this environment and the income distribution will be increasingly skewed as time goes on and this in itself is a prescription for social unrest.
While this will sound as a heretic especially on a Board such as this and despite my conservative roots and disgust for Trudeau, Trudeau should, given the energy situation in Canada, roll back/freeze energy prices in Canada and place an excess profits tax on Canadian oil companies until the current situation calms down.