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Showing posts from October, 2019

Mismanagement of Alberta's Oil

Much has been said about the need to support the Oil industry but few have held the industry and Alberta government to account for the the current situation. The current economic plight of Alberta is in part a function of Alberta's own shortsighted conservative mindset. Let me elaborate.  This is not Alberta's first bear market, and it will not be the last.  So why was there no preparation for another bust given the history of boom and bust? What made Alberta believe they could build a pipeline on someone else's land when they would have fought with equal vigor had their land been earmarked for conservation vs drilling? What made Alberta believe it did not have to save for a rainy day?  What rational resulted in betting the house on being an exporter of a commodity versus investing to make Alberta a value-added player?  It is time Albertans and the media ask these questions of the conservative government that has ruled the province. During the boom times, there