The Globe and Mail reports in its Tuesday, Feb. 9, edition that
export pipelines are vital to Canada's
economic future.
The Globe's guest columnist Jim Prentice writes that a pall has settled over
the Canadian energy industry,
brought on by OPEC's success in
collapsing commodity prices, but
also by opposition on every front
to the expansion and export of
oil from Canada's
oil sands.
Enbridge's
Northern Gateway project and
Kinder Morgan's Trans Mountain
expansion and TransCanada's Energy
East project face a combination of local and federal opposition. Mr. Prentice says this is cause
for alarm.
Most disturbing is
the negligence that Canada is
showing in advancing its world ambitions. The Canadian
oil sands are arguably the most
important resource asset held by
any Western democracy.
The development of our oil
sands, along with natural gas
from both Canada and the United
States, now means the
North American goal of energy
sufficiency has been attained.
Low prices will eventually be
superseded by higher prices and
by even more volatility. By then,
the U.S. will be exporting
Canadian crude oil from
American ports -- to its own
advantage and Canada's disadvantage.
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