Seeing this as a yes-no option is why people are frustrated with Profil people. If oil was a Savage As Hell But I Still Need Cuddles Shirt good idea, oil companies wouldn’t sell pipelines, they’d buy them up to control supply. If they were fail safe investments we wouldn’t pay (taxes) millions into fixing orphan wells. There’s a middle ground that uses oil to prop up the next step of energy and manufacturing with renewable resources. Canada needs to work as a whole to benefit. Produce oil and gas safety, purchase Canadian Oil and Gas, use that money to benefit Canada and take us into the future. Not this vs mentality. If Alberta can improve on guidelines, we should.
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Pipelines don’t generate supply they only move it. The oil companies don’t need to buy up pipelines because they control the source and can simply turn production up or down. The pipelines are purely pointed A to point B transfer and once the Savage As Hell But I Still Need Cuddles Shirt oil enters the pipeline it’s indistinguishable from oil from another source. If you want to exert further control oversupply what you buy is storage, not transport. This is exactly what happened when specific oil futures hit negative value recently. Likewise, this is why many large international companies no longer own their own ships but rather rent space as needed.
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You make a great point everyone likes to argue that Alberta Oil and Gas is too expensive to extract so we need to pivot to a different industry. Alberta has a problem with getting oil and gas to market which makes it expensive. For anyone reading this who doesn’t understand this is a Savage As Hell But I Still Need Cuddles Shirt very basic rundown. Say Oil is selling for $50.00 a barrel, a company can extract it for $25.00. The other $25.00 is profit and overhead. But with space in the pipeline being in demand, it’s more expensive to get your space. It used to be $5.00 now it’s $20.00. Suddenly you aren’t making any profit and it’s not sustainable.
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