The Globe and Mail reports in its Saturday edition that Jonathan Wilkinson would like everyone to take a deep breath when it comes to one of the biggest, costliest and riskiest ways that Canada could try to assert its energy independence in the face of Donald Trump's threats. The Globe's Adam Radwanski quotes the Energy Minister saying: "People are getting way too ahead of themselves on the oil conversation. Everybody's sort of running around saying, 'Oh my God, we need a new pipeline, we need a new pipeline.' The question is, well, why do we need a new pipeline?" For starters, despite all the political noise, especially in Alberta, there is no indication of serious private-sector interest in this scale of new oil infrastructure. TC Energy, the original Energy East proponent, which abandoned its plans in 2017, is no longer in the pipeline business, and nobody else has yet stepped up to try to advance a project that was expected back then to cost $15.7-billion, and would probably run much higher. That suggests enormous subsidies would be required, if not outright government ownership. Maybe global oil demand will not soon start declining, but placing a huge bet against it happening next decade is not wildly appealing.