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The Last Boom: Alberta's fossil fuel future 

Global News
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Despite setbacks in Canadian pipeline building, the oil-and-gas sector remains a backbone of Canada's economy, making up just under 10 per cent of our annual GDP.
With increasing attention to global carbon emissions, pressure will be particularly intense on Alberta oil sand producers to clean up fossil fuel extraction.
As Heather Yourex-West found out, industry leaders are already working together on different solutions to reduce emissions in the sector.
For more info, please go to globalnews.ca/news/9084600/la...
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23 сен 2022

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Комментарии : 172   
@Themiddleman416
@Themiddleman416 Год назад
If the feds actually cared about the environment, they’d stop allowing the import of foreign oil, and would only use our own. Take one look at Norway.
@simonwilson1810
@simonwilson1810 Год назад
That's what the new conservative leader said? By 2025 no imports. How stupid has Europe been relying on Russia!
@burntearth85
@burntearth85 Год назад
Norway also nationalized their oil, which is how they can, and why they have a trillion dollar surplus. We rejected that in the 70s, so now no one has the right to tell Irving where they can and cannot buy from.
@michaelcampbell7494
@michaelcampbell7494 Год назад
@@burntearth85 Irving has been buying Canadian oil but it hasn't been easy. It has to go by tanker from Vancouver through the Panama Canal then up to New Brunswick. That wouldn't have happened if Energy East has been allowed to be built. However both Trudeau & Quebec don't want Canadian oil to travel further than Montreal.
@burntearth85
@burntearth85 Год назад
@@michaelcampbell7494 is that why Irving said they'd still buy foreign oil even with a pipeline? You can look it up, it's a direct quote
@sm3675
@sm3675 Год назад
Nationalize the oil
@skbuydens7717
@skbuydens7717 Год назад
Canada could be a saviour for Europe, but Trudeau seems to be happy to waste it.
@carmenlajoie2719
@carmenlajoie2719 Год назад
Canada is the cause of Europe's demise. Ukraine on 🔥 Oliver Stone-iEarlgrey-The Duran. George Galloway MOATS with Scott Ritter-Richard Medhurst-Chris Hedges-Richard Wolff. Many from RT US
@RepublicOfWesternCanadaNOW
@RepublicOfWesternCanadaNOW Год назад
The same organization destroying Western Europe is the same organization destroying Canada.
@MarkSentesy
@MarkSentesy Год назад
It's not up to Trudeau. In the US, the government can't persuade gas companies to produce more. And why would they? They're making record profits and are finally profitable for the first time since the fracking boom started. And no project they start now will come online fast enough to help Europe anyway.
@skbuydens7717
@skbuydens7717 Год назад
@@MarkSentesy Canada is definitely not a business friendly country for oil companies, far less than the US and most countries.
@tylerrobinson1149
@tylerrobinson1149 Год назад
Tyler Robinson 23 hours ago All of canada should recive royalties from oil and gas industry activity. We are stuck with the natural disaster that id the oil sands plus paying 2.10 a litre “ the idustry” is a joke that dosnt pay its dues.
@raleighepp5274
@raleighepp5274 Год назад
No such thing as so-called 'Clean Energy'! Wake-up Canada!
@beyondfossil
@beyondfossil Месяц назад
So taking cover under absolutes is your "moral license" to keep burning that dinosaur juice eh? Fossil fuels are *by far* the dirtiest in extraction, refining, distribution and end user consumption.
@GRWD_62
@GRWD_62 Год назад
Justinsane Turdo has to go
@zepher664
@zepher664 Год назад
Love to see the uneducated proclaim their uninformed opinions.
@majuscule8883
@majuscule8883 Год назад
To prison, this is high treason.. In other countries that would be life in prison, destroying a countries economy and the children's future. Only Quebec gained with Justen Trudeau. I really didn't like Harper but I miss him now.
@NJ-ju8fr
@NJ-ju8fr Год назад
I love oil so much, if everyone stops using it I will explore all by myself, find it and burn it. Just try stopping me.
@-LightningRod-
@-LightningRod- Год назад
drink it up son,...
@zackperry1594
@zackperry1594 Год назад
I take bath's in oil lol...
@Mr2009tamer
@Mr2009tamer Год назад
Send PM to attend university level thermodynamics course at a chemical engineering department to understand second law of thermodynamics
@RepublicOfWesternCanadaNOW
@RepublicOfWesternCanadaNOW Год назад
Send him to prison instead.
@louismeloche3857
@louismeloche3857 Год назад
Engineering, thermodynamics ? Trudeau could not finish anything he ever started in university, to me, this sounds way over his head.
@vasilytanygin
@vasilytanygin Год назад
Canadian credit rating is based on expectation to be covered with natural resources. Eventually once Canada destroys its energy sector it will receive a BB rating on its enourmous debt. And it would be a very surprising future.
@IMGreg..
@IMGreg.. Год назад
Dude we can produce and export Blue and Turquoise Hydrogen from those same gas fields. Our energy sector just needs to start thinking past this week. It was their laziness, corporate and Provincial why the industry became landlocked, they were fine selling every thing to the Americans. Now that public opinion has soured on carbon fuels and the Americans cut their imports they want to build pipelines. Why not 20 years ago, there were international markets back then, they could have shipped via BC 20 years ago, they can ship via Hudson Bay 8 months easy 4 with some help. The East Coast gets oil by ships anyway it could have been Canadian all along. Their shortsightedness is not a Canadian problem, it's their provincial problem, they just like to blame the rest of Canada for them lacking creativity.
@frankvonfrauner
@frankvonfrauner Год назад
@@IMGreg.. hydrogen is incredibly energy intensive to produce. Unless you plan on doing it with natural gas, it's not economically feasible.
@burntearth85
@burntearth85 Год назад
@Brian Johnston fighting? The pipeline is almost done, my friend worked on it in Hinton
@burntearth85
@burntearth85 Год назад
@Brian Johnston just the north part. The terminal at Burnaby will be just the same as always
@burntearth85
@burntearth85 Год назад
@Brian Johnston it already happens, the TMX is a twin. Nothing's changed.
@jakejimstone5029
@jakejimstone5029 Год назад
Even if you get a pipeline to the BC coast, the Fed Gov't has put restrictions on how large the oil tankers can be.
@burntearth85
@burntearth85 Год назад
Can get? TMX is almost done
@Po101080
@Po101080 Год назад
I believe electrification and heading towards renewable energies is inevitable and ultimately where the world is headed in the next century because as much as oil and gas is essential to us now, it is still a finite resource. However, HOW we transition depends on us. We could either do it the smart way or the dumb way. The smart way is to keep investments in oil and gas while slowly gradually putting in money for research for better/cleaner technologies. We had been doing that prior to Trudope. This allows our economy to survive, people to live comfortably without high energy costs/inflation. Canada thus produces oil/gas in one of the cleanest ways in the world. However, this doesn't sit well with climate leftists and doesn't help the elite get votes. Therefore, they opted to do the dumb way, which is to completely kill off the oil and gas industry outright in a short span of time and going full dictatorship mode to force ppl to adopt electric by taxing ppl to death to keep using oil while offering no viable alternatives for the average ppl i.e. EV's are still very expensive and the electric grid and charging infrastructures aren't ready yet. I honestly don't know if making ppl suffer like this is planned or not, but I'm inclined to believe nobody is this stupid for this to be a mere mistake
@worstknightmayor4439
@worstknightmayor4439 Год назад
@@elterrifico9522 I think you are simple, why ? Because you clearly don't know know what was said
@Jon-gm2sn
@Jon-gm2sn Год назад
Explain how old wells are filling up again if oil isn't renewable.
@antiprogpragmatist859
@antiprogpragmatist859 Год назад
@@Jon-gm2sn … if oil wells are refilling, why do they drill new holes?
@Po101080
@Po101080 Год назад
@@Jon-gm2sn That is a good point. I don't know the answer to that but my concern would be, in the same vein as antiprog asked, do you think the rate of old wells filling up again would be enough to satiate global demand? In other words, it took millions of years to accumulate the amount of fossil fuels we have burned in just a couple of hundred. Assuming this refilling is happening due to the same process as how the original fossil fuels came to be, do you think this alone will actually have any practical effect?
@timshort9692
@timshort9692 Год назад
While I agree with some of your remarks, there are certainly some of them that I do not. First thing, please omit divisive labelling (e.g. 'climate leftists', 'elite', etc.). It should be obvious that we are all in the same fight of our lives together to keep the planet within livable conditions for ourselves, our children and future generations. Never forget that, please. Next thing, and this is the one that angers me the most. Yes, we will need time to 'transition', and the transition would have been much easier or more gradual than the options we have left ourselves with today. The fossil industry denied, deflected, delayed and lied for at least two decades about their role in climate change, and only recently have finally publicly acknowledged the problem that the burning of fossils is the main contributor to the rate of change in our climate. And now, in 2022, their narrative, which the government has also adopted due to extensive lobbying by the industry, we will embark on one of the longest 'transitional periods', that being 'net zero by 2050'. Wow! Had we kicked into gear in 2000, 2010 or even 2015 to lower our emissions, we would be in far better shape than we are today. I can tell you that I am in constant discussions with the Federal Government and non-profit agencies pleading that we must immediately stop providing further incentives to the fossil industry. Full Stop. If the industry wishes to figure out carbon capture and utilization, hydrogen technologies, no problem. Go knock yourselves out. But let them pay for it themselves!!!! Why should public tax payers provide $'s to these pilot projects and hence de-risk them? To heck with that. Adapt or die!!!
@speciallevo3170
@speciallevo3170 Год назад
Is this main stream media? They are actually talking to people who know something.
@Rice_Cake_
@Rice_Cake_ Год назад
One of the most balanced reports I've seen from Global, well done. How would you like to invest in something that returns the same money, or less, in 5 years? Investors won't put capital into projects that do not generate revenue, this is why the government needs to put its money where it's mouth is. This is exactly the kind of infrastructure that governments are required to fund because the public needs it and no private company will invest in it (just like building libraries, schools, roads, etc.)
@antiprogpragmatist859
@antiprogpragmatist859 Год назад
..governments don’t need to fund it. They only need to stop throwing up roadblocks and then the investment dollars will come.
@jayjjoshi
@jayjjoshi Год назад
What global talking about is not ground reality you or global like or not north america enragey always will be in demand after Russia war and use gas as war weapon people are smart they never choose the same path again. There will be lot of opo there investment are ready to invest just governments needs to see this.
@rossthomson1958
@rossthomson1958 Год назад
@@antiprogpragmatist859 what ways can we help the private sector invest in infrastructure
@MothOnWall
@MothOnWall Год назад
@@rossthomson1958 Stop throwing up roadblocks is how. For one, the ESG is the most recent and biggest roadblock so far.
@logicallyghostly1418
@logicallyghostly1418 Год назад
I dont understand why they wont build the pipeline to the east coast on a contract that says to use some of the oil generated funds to research and improve "greener" energy tech, then once they have a cost effective and reliable energy source to replace oil use the existing pipelines to move it
@MothOnWall
@MothOnWall Год назад
You can't replace oil and gas though. That's an impossibility unless you can get many parts of Asia out of extreme poverty so they don't have to use coal of all things. What we can do is allocate oil and gas to regions where renewables aren't possible to use. And use renewables where it works the best. But this is unacceptable to the Leftists pushing an ideology of outrage and alarmism in pursuit of power and control to punch down.
@anthonymorris5084
@anthonymorris5084 10 месяцев назад
Drill baby drill, make Canadians the wealthiest people per capita on the planet like we already should be.
@Meeksballs
@Meeksballs Год назад
It's too bad we don't have a government that actually cares about the people of Canada and not his own selfish childish ways!
@zedmaster2178
@zedmaster2178 Год назад
I applied 20-30 people applied for the same position they take forever to get a reply back positions are limited
@gregpearson1002
@gregpearson1002 Год назад
Start teaching your kids to hate the mainstream media
@frankvonfrauner
@frankvonfrauner Год назад
Oil consumption is at an all time high. We're moving away from fossil fuels, but we're still decades away from ending their use, and half the things we own are made of plastic and we all know where that comes from. Carbon Capture is an absolute joke. Plant trees. That's how you capture carbon, and you don't have to spend billions to do that.
@RepublicOfWesternCanadaNOW
@RepublicOfWesternCanadaNOW Год назад
Only when you start to realize that this country's economy is being destroyed on purpose under the mask of "saving the environment" will this make sense
@simonwilson1810
@simonwilson1810 Год назад
I heard something about, if all around the world people planted trees anywhere and everywhere, it would be very affective. Do u know much about that?
@darrenmacwhirter1706
@darrenmacwhirter1706 Год назад
If you live in Canada, we probably have enough trees with Boreal forest from Coast to Coast.
@shawnb8658
@shawnb8658 Год назад
Trudeaumustgo
@GemmyHeart
@GemmyHeart Год назад
Main products: sealing gasket,gland packing,PTFE/graphite/asbestos products, ceramic fiber products, high temperature heat insulation and fireproof material. Free technical support (sealing, heat preservation, heat insulation, fire prevention problems) All products 1 piece can also be customized, 30 years of service experience, fast and safe shipping anywhere.👈
@grantbablitz9835
@grantbablitz9835 Год назад
Jason Kenney: 'Come all ye to Alberta' where billions are siphoned off to investors, Ontario, Quebec etc. While barefoot teenagers rummage through dumpsters and beggars freeze to death on the street corners.
@victorquijada-sawitsky6832
@victorquijada-sawitsky6832 Год назад
I have to pay for garbage and compost pick up from my town. If industry prefers, the government could set something up for emissions at a fee. I’m not complaining for having to pay for sanitation and the advantage for business is that it’s still legal to raise prices to make up the cost. So, really… we the consumer will be left to pay. Don’t cry for things you won’t take responsibility for
@myuboat45
@myuboat45 Год назад
Western Independence .Our own country .We will get it done. .Just keep Ottawa and its cartel away from us
@thehazelnutspread
@thehazelnutspread Год назад
Let's hear about why Freeland was in Alberta in early September 2022. She was giving an ultimatum to the Caribou Region which will wind up DESTROYING the oil and gas sector even further.
@carmenlajoie2719
@carmenlajoie2719 Год назад
This is why many countries are Nationilizing resources, adds $$$$$ into the Public & Private sector. Infastructure, Vocational schools for trades & healthcare wages coupled to productivity. Canada did this during the Spanish flu. IEarlgrey-The Duran-RT-CGTN can explain why we are in Ukraine
@antiprogpragmatist859
@antiprogpragmatist859 Год назад
.. natural resources are provincial jurisdiction as per the constitution. Ergo, they cannot be nationalized…🙂
@burntearth85
@burntearth85 Год назад
@@antiprogpragmatist859 easy swipe of the pen can fix that. If we'd signed the NEP, we wouldn't be having this convo
@antiprogpragmatist859
@antiprogpragmatist859 Год назад
@@burntearth85 … yup..as soon as get the rest of the provinces to give up their jurisdiction on natural resources first, we’ll get right back to you…🙄
@burntearth85
@burntearth85 Год назад
@@antiprogpragmatist859 if it meant profits went straight to the province instead of some rich CEO from abroad, they'd sign immediately.
@antiprogpragmatist859
@antiprogpragmatist859 Год назад
@@burntearth85 …but the NEP didn’t mean that …did it.
@wesleybeacom
@wesleybeacom Год назад
Build the pipeline you Muppets
@Hyperpandas
@Hyperpandas Год назад
Why? Projections don't suggest it would be a good investment once the TMX expansion is online.
@antiprogpragmatist859
@antiprogpragmatist859 Год назад
@@Hyperpandas ..whose projections?…the ones that come from such notable economic publications like The Tyee?
@Hyperpandas
@Hyperpandas Год назад
@@antiprogpragmatist859 No, industry and regulators.
@antiprogpragmatist859
@antiprogpragmatist859 Год назад
@@Hyperpandas …btw… if it ends up being a bad investment, blame that on the Trudeau liberals and the cost overruns caused by delays on construction to move anthills (yes..they actually did that) …and that is only one example of many.
@antiprogpragmatist859
@antiprogpragmatist859 Год назад
@@Hyperpandas ..🤣🤣🤣…and who is it that set the regulations? This pipeline would have been done long ago if not for ridiculous regulations that stopped construction for a woodpecker nest.
@burntearth85
@burntearth85 Год назад
Hmm. Perhaps if one is not tied to such a volatile stock, our entire future wouldn't yo-yo all over....
@markshannon2603
@markshannon2603 Год назад
Can’t you just tell the truth? Oh wait you don’t work for the people..
@brettb9194
@brettb9194 Год назад
Listen if we can't mine oil we will have to make it - plastic seals and parts
@tylerrobinson1149
@tylerrobinson1149 Год назад
All of canada should recive royalties from oil and gas industry activity. We are stuck with the natural disaster that id the oil sands plus paying 2.10 a litre “ the idustry” is a joke that dosnt pay its dues.
@mickeyandres2651
@mickeyandres2651 Год назад
Nonsense….. More like Trudeau’s last boom haha…
@user-mi5nj8gj5p
@user-mi5nj8gj5p 3 месяца назад
No worries for Canadians after the war with Russia is over Ukraine will be a country of interest that one country has over 14.5 trillion dollars worth of Minerals meaning 5 percent of all minerals in the world. The natural gas reserves of 3.8 trillion cubic meters and the oil 1.2 billion tonnes just these two hydrocarbons Ukraine will be self sufficient for 60 years. The rare earths is another interesting mineral and Ukraine will be first place in Europe. In order to get to these resources over 120 billion dollars is needed to be invested.
@tslee8236
@tslee8236 Год назад
Carbon capture = log trees and store them underground. Thousands of years later they may turn into privately owned hydrocarbon. Sounds expensive? Maybe oil should be more expensive!
@nwotaxman2959
@nwotaxman2959 Год назад
Alberta is a messed up place anyway, they think a case of beer = a 12 pack
@DKSorg
@DKSorg Год назад
It is. Two-Four is a FLAT.
@nb3627
@nb3627 6 месяцев назад
Learn something from Norway 🇳🇴 My Canadian 🇨🇦 friends
@markshannon2603
@markshannon2603 Год назад
Global you should be ashamed of yourselves.. but I get it, you don’t work for the people. You will take our money though and that’s not right
@csquared1883
@csquared1883 Год назад
Well it's not the current government. None of us have ever struggled under a government as much as we currently do or whe Justin's dad stuck it to Canadians. Anyone remember 2% interest blowing up to 20% and higher overnight?????
@dogoftheg
@dogoftheg Год назад
Here comes Global to run cover for Trudeau
@lesliegweir
@lesliegweir 8 месяцев назад
Carbon capture is a joke!
@grantbablitz9835
@grantbablitz9835 Год назад
It is ironic how the political class freaked and sought charges against an angry Alberta worker for shouting down Chrystia Freeland. While remaining silent about the assassination attempt against Christina Fernandez de Kirchner. By far right radical with Azov battalion tattoos. Regarding LNG I hope to work my last year's building an LNG terminal in Bahia Blanca Argentina where you can go to the beach after work
@burntearth85
@burntearth85 Год назад
Uh, because we aren't Argentina? Why would we care about it?
@IMGreg..
@IMGreg.. Год назад
If Quebec won't play ball ship LNG and Oil via Hudson Bay and Straight out of Ontario or Manitoba 8 months of easy shipping is better than none and we have brand new Icebreakers. Later on we could use the same infrastructure for Hydrogen or just lay the pipe at the same time. This would take care of our imported oil problem as well since it is coming by ship anyway. But some Western Provinces are still squandering oil revenue with Royalty checks to citizens or no sales tax as opposed to providing extended health services, deficits reduction or job investments.
@yupalsoyup7382
@yupalsoyup7382 Год назад
it's all a scam, they tell you this so you buy what they want you to buy
@Cristip
@Cristip Год назад
They , the countrys have interest in the ukrain and russian war... Why ???
@scottpreymack822
@scottpreymack822 Год назад
it will not work
@Invizable99
@Invizable99 Год назад
Dwight?
@sessions9869
@sessions9869 Год назад
Hopefully the last boom coming for global news
@abby54
@abby54 Год назад
Then Jesus said to the crowds and to his disciples: "The teachers of the law and the Pharisees sit in Moses’ seat. So you must be careful to do everything they tell you. But do not do what they do, for they do not practice what they preach. They tie up heavy cumbersome loads and put them on other people’s shoulders, but they themselves are not willing to lift a finger to move them. Everything they do is done for people to see: They make their phylacteries wide and the tassels on their garments long; they love the place of honor at banquets and the most important seats in the synagogues; they love to be greeted with respect in the marketplaces and to be called ‘Rabbi’ by others. But you are not to be called ‘Rabbi,’ for you have one Teacher, and you are all brothers. And do not call anyone on earth ‘father,’ for you have one Father, and he is in heaven. Nor are you to be called instructors, for you have one Instructor, the Messiah. The greatest among you will be your servant. For those who exalt themselves will be humbled, and those who humble themselves will be exalted". YOU SHALL NOT MAKE FOR YOURSELF AN IMAGE in the form of anything, in Heaven above or in the Earth beneath, or in the waters below. You shall not bow down to them, or worship them, for I the Lord your God am a jealous God, punishing the children for the sin of the parents, up to the third and fourth generation of those who hate me, but showing love to a thousand generations of those who love me, and keep my commandments. If my people who are called by my name, humble themselves and pray, AND TURN FROM THEIR WICKED WAYS, I will hear from Heaven, will forgive their sins, and will heal their land. AND WHEN YOU PRAY DO NOT BE LIKE THE HYPOCRITES, for they love to pray standing in the synagogues and on the street corners, to be seen by others. Truly I tell you, they have received their reward in full. BUT WHEN YOU PRAY, GO INTO YOUR ROOM, close the door, and pray to your Father who is unseen. Then your Father, who sees what is done in secret, will reward you. And when you pray, do not keep on babbling like pagans, for they think they will be heard because of their many words. Do not be like them, for your Father knows what you need, before you ask him. This, then, is how you should pray: Our Father in heaven, hallowed be your name, your kingdom come, your will be done, on earth as it is in heaven. Give us today our daily bread. And forgive us our debts, as we also have forgiven our debtors. And lead us not into temptation, but deliver us from the evil one. For if you forgive other people when they sin against you, your heavenly Father will also forgive you. But if you do not forgive others their sins, your Father will not forgive your sins. "Matthew 5-7 NIV Bible Gateway", we can use google search. These are the teachings, The Righteousness of our Lord Jesus Christ our God. REPENT, and start doing what is right. If you abide my teachings, you are really my disciples; then you will know the truth, and the truth will set you free. Yet a time is coming and has now come when the true worshipers will worship the Father in the Spirit and in Truth, for they are the kind of worshipers the Father seeks. GOD IS SPIRIT, so his worshipers must worship in the Spirit and in Truth. In the New Heaven and the New Earth, only Righteousness dwells. May the Spirit of our Lord Jesus Christ our God be with you all.
@AnhTuPhucDerrickHoangCanada
The government of Alberta has such a good control on housing stock that capital investment opportunities are limited, how many malls these families want? Ha! They look like It girls?
@arkcon714
@arkcon714 Год назад
Oil isn't going anywhere
@fatboyb2006
@fatboyb2006 Год назад
怎麼不批踢踢多些電動車項目 抽稅嗎 國民是笨旦
@fatboyb2006
@fatboyb2006 Год назад
2050我躺在地下呢
@dabberdaffy256
@dabberdaffy256 Год назад
Lol
@terrygolden7726
@terrygolden7726 3 месяца назад
Proven stuoid and costly. Make carbon fiber out of the co2.
@ryeinaldobettahavmamony7656
We can’t even help our so-called friends because of dumb politics and policies.
@jonathanives2581
@jonathanives2581 Год назад
Maybe the prairies should just join the USA. Perhaps there would be some short term pain, there always is during any divorce. But over the long term, the prairies would be much better off. We would be within a country that still believes in expanding fossil fuels, and everything would be WAY better. Trust me.
@louismeloche3857
@louismeloche3857 Год назад
What did Biden do to the Keystone XL on day 1 of his presidency?
@jonathanives2581
@jonathanives2581 Год назад
@@louismeloche3857 The dems will be out in 2024 and so will be Biden.
@canadaclub8920
@canadaclub8920 Год назад
I would like to see more investment in geothermal plz
@antiprogpragmatist859
@antiprogpragmatist859 Год назад
No one is stopping you from investing more in geo thermal
@canadaclub8920
@canadaclub8920 Год назад
@@antiprogpragmatist859 u are, physically stopping me
@antiprogpragmatist859
@antiprogpragmatist859 Год назад
@@canadaclub8920 .. in what way am I physically stopping you?
@canadaclub8920
@canadaclub8920 Год назад
@@antiprogpragmatist859 u keep holding me down and flicking the back of my ear
@antiprogpragmatist859
@antiprogpragmatist859 Год назад
@@canadaclub8920 ..you big baby…a couple of flicks is all it takes to throw you off of your game?
@ph11p3540
@ph11p3540 Год назад
I remember when Alberta's economy was much more diversified then it is now. We have become hopelessly abdicated to oil and gas like druggies to hard drugs. Alberta needs to diversify again
@RepublicOfWesternCanadaNOW
@RepublicOfWesternCanadaNOW Год назад
@PatchesRips where's all the money coming from to build all of this? Canada is 1.1 trillion in debt. Inflation is crushing families and interest rates are rising. You don't seem to understand that this country is beyond broke...
@antiprogpragmatist859
@antiprogpragmatist859 Год назад
… then you must have done a lot of drugs if that’s what you remember..😂😂… or you are incredibly old and remember a time when the alberta economy was nothing….the Alberta economy has never been more diversified.
@antiprogpragmatist859
@antiprogpragmatist859 Год назад
@PatchesRips …yeah?…. No country has spent more on wind and solar than Germany…how well has that worked out for them? Btw..your comment was actually very dishonest…intellectually..😂😂
@moroccovideos2167
@moroccovideos2167 Год назад
"Diversification" makes no sense, economically. In economics, there's something called "comparative advantage". In order to maximize economic gains you have to focus on the sector that you have the comparative advantage at, instead of being a jack of all trades you have to be a master of one. All of the most competitive economies in the world (such as Germany and San Francisco) are hyper focused on one sector of the economy. This is why the myth of diversification needs to be tossed out.
@vstar7196
@vstar7196 Год назад
This is the failure of Alberta governments. Fossil fuels will steadily decline over the next 10-20 years, yet Alberta continues to invest in it. No attempt or foresight to invest in alternative solutions.
@anthonymorris5084
@anthonymorris5084 10 месяцев назад
There are no alternative solutions and fossil fuel consumption is growing, not declining.
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