Please be sure to watch both linked videos.
Two years ago i was in Nova Scotia. All the gas stations were closed. No gas! Nova Scotia wide shortage. "Sorry" they say. (Very kind people in the East.) Does this happen often here? I asked.....Apparently it does. I was shocked. In Canada? On the Ocean? Why?
Then...2 years later. When you think you have a solution. Along comes Jihadi Justin to betray our countries needs and citizens...... Again. #Justinforexile2018.
https://www.facebook.com/ronliepert/videos/10155740647115891/
https://www.facebook.com/LisaRaittMP/videos/10155049127563325/
I have to disagree with your logic, you assume that it's ONLY the regulatory hurdles these companies are being held back by, what you fail to note is that Oil was DOUBLE it's current price when the pipeline was first planned. Alberta oil is some of the most expensive to extract from the ground and has little to no profit at today's rate of about $50/barrel.
The market has been flooded by inexpensive oil from Middle Eastern countries as well as Russia and Venezuela (less them due to their ongoing crisis).
Until technology can somehow make it easier to extract, or the price goes up due to some shortage or catastrophic drop in production, Alberta oil will continue to be ignored.
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Welcome to Steemit BTW.
I'm aware of the economics. Here is a quote from Andrew Sheer an hour ago.
Terrible news this morning about the Energy East pipeline. Make no mistake, Justin Trudeau is to blame.
This nation building project meant thousands of jobs and billions of dollars of investment in the Canadian economy.
Justin Trudeau’s disastrous energy policies must end. He's added new hurdles to Canadian energy producers that don't apply to foreign companies selling into Canada. He either needs to champion the Canadian energy sector, or get out of the way.
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