I feel like I read an article like this a few times a year. Too bad we don’t actually do anything in this county.
mathboss on
What a dumb take.
Energy *independence* is the best answer. That may involve oil for a while, but true energy independence means a large portion of our energy comes from our own donestically-produced renewables. Keep an on eye on China – they are electrifying at an electrifying rate. Once China is electrified completely, nothing will stand in their way.
OptiPath on
Yes. We are politically stable and less likely to be impacted by geopolitical issues. That makes energy infrastructure investment attractive in Canada.
However, I think many countries will now ease environmental regulations and develop their own energy independence. In mid-long terms (5-10 years), we will face excessive oil productions.
Soplayer26 on
The problem that Orange man which is donald trump wants to take canada so… thats why UE and OTAN wont accept canada being annexed by Trump
PopeSaintHilarius on
Not sure it’s the answer to global conflict, but I do think it’s a good idea to make sure the economic benefits of global oil shortages and high oil prices go to Canada, and not just to other major producers like Russia, USA, Saudi Arabia and Iran.
The more we can sell to Asia (or Europe), the less dependent they’ll be on oil from those other major producers, who are often a negative force in global politics…
Saisinko on
Norway is what Canada should have been.
They punch way above their weight class through their sovereign wealth fund and subsequent influence through investments or withdrawing them. Their people also have a high standard of living.
As much as we fear China or the US and issues with trade with them, it’s not like we’re living the life right now.
RefrigeratorOk648 on
Just an opinion peice
>*David Knight Legg is a board director and advisor to energy, finance and technology firms.*
GreatBoneStructure on
Just a small reminder that Physics demands that we leave the oil in the ground if we hope to stay close to the climate conditions that made civilization possible.
MaxRD on
Oil market is global, oil prices are global. Canadian oil is sold to Canadians at market price. Alberta is not going to lose profit by cutting their price for internal consumption
Elkenson_Sevven on
The best way is to get away from fossil fuels completely. 🙄
GMAK24 on
Good idea: let’s sell our oil without rising our price.
Symmetrecialharmony on
I don’t understand why the current situation wouldn’t be a resounding example of the need to invest in renewable energy, particularly nuclear energy. From my (limited) understanding, Canadian climate is uniquely positioned to benefit from nuclear energy and it could have the potential to make up the bulk of our own energy needs.
It’s clear that the global world is increasingly vulnerable to global crisis. Covid, Russia vs Ukraine & now the US vs China all had global ramifications which negatively impacted Canada in ways that were outside of our control.
To me, this underscores the need to have a certain level of independence / self sustainability in key areas, which global cooperation being the beneficial cherry on top, but not the bedrock of our entire system.
So while I’m not exactly against the idea of developing Canadian oil to help nations diversify away from Russian oil or pathways like Hormuz which are contested, we should be able to have that conversation while also acknowledging that, at home, we should be heavily pushing nuclear.
Oil ought be the thing we sell to others to make money off of to fuel our own energy transition.
zacmobile on
That’s a weird way to spell solar.
pintord on
How is that? Oil is why we have conflicts.
eL_cas on
No it isn’t
Also
> David Knight Legg is a board director and advisor to energy, finance and technology firms.
Valuable_Call9665 on
No. Solar is the best answer to a warming world. And the transition is taking place now. Canadian oil is a false solution for a problem that doesn’t exist.
j2p4h on
So this author’s take is that Venezuela and Iran got bombed by the US for selling oil to China so we should sell oil to China to fill the gap in supply and take on the role of Venezuela? Again—Venezuela—the country that just got bombed (and puppet-couped) by the US for selling oil to China.
I’ll stick to solar panels and wind turbines, thanks.
landlord-eater on
Maybe instead of inefficiently slurping the last dregs of dirty tar out of the beautiful Alberta plains while the world switches to Chinese solar panels, we could focus on energy independence and green energy generation
sounoriginal13 on
We should have an oil reserve to insulate us from global conflict as well.
BigBangBoomerang on
Canada needs to move beyond a resource extraction economy. It used to be home to tech giants like Nortel and RIM.
MichaelWoodPhoto on
The americans choking off the oil supply to Japan was one of the triggers leading to World War II in the Pacific. They’re trying to choke an economic competitor again. “Those who cannot remember the past are condemned to repeat it” — George Santayana.
Winter8Bones on
So what, just export more oil at a discount in order to justify expanding the oil sector here? How does that help address global conflicts if we’re simply feeding a system that already depends on oil without providing alternatives that would actually allow countries to divest from their dependency on said oil!?!
moxievernors on
Also Postmedia. No investing in solar, wind, or other green energy to reduce our use of oil, because that would be bad.
23 Comments
I feel like I read an article like this a few times a year. Too bad we don’t actually do anything in this county.
What a dumb take.
Energy *independence* is the best answer. That may involve oil for a while, but true energy independence means a large portion of our energy comes from our own donestically-produced renewables. Keep an on eye on China – they are electrifying at an electrifying rate. Once China is electrified completely, nothing will stand in their way.
Yes. We are politically stable and less likely to be impacted by geopolitical issues. That makes energy infrastructure investment attractive in Canada.
However, I think many countries will now ease environmental regulations and develop their own energy independence. In mid-long terms (5-10 years), we will face excessive oil productions.
The problem that Orange man which is donald trump wants to take canada so… thats why UE and OTAN wont accept canada being annexed by Trump
Not sure it’s the answer to global conflict, but I do think it’s a good idea to make sure the economic benefits of global oil shortages and high oil prices go to Canada, and not just to other major producers like Russia, USA, Saudi Arabia and Iran.
The more we can sell to Asia (or Europe), the less dependent they’ll be on oil from those other major producers, who are often a negative force in global politics…
Norway is what Canada should have been.
They punch way above their weight class through their sovereign wealth fund and subsequent influence through investments or withdrawing them. Their people also have a high standard of living.
As much as we fear China or the US and issues with trade with them, it’s not like we’re living the life right now.
Just an opinion peice
>*David Knight Legg is a board director and advisor to energy, finance and technology firms.*
Just a small reminder that Physics demands that we leave the oil in the ground if we hope to stay close to the climate conditions that made civilization possible.
Oil market is global, oil prices are global. Canadian oil is sold to Canadians at market price. Alberta is not going to lose profit by cutting their price for internal consumption
The best way is to get away from fossil fuels completely. 🙄
Good idea: let’s sell our oil without rising our price.
I don’t understand why the current situation wouldn’t be a resounding example of the need to invest in renewable energy, particularly nuclear energy. From my (limited) understanding, Canadian climate is uniquely positioned to benefit from nuclear energy and it could have the potential to make up the bulk of our own energy needs.
It’s clear that the global world is increasingly vulnerable to global crisis. Covid, Russia vs Ukraine & now the US vs China all had global ramifications which negatively impacted Canada in ways that were outside of our control.
To me, this underscores the need to have a certain level of independence / self sustainability in key areas, which global cooperation being the beneficial cherry on top, but not the bedrock of our entire system.
So while I’m not exactly against the idea of developing Canadian oil to help nations diversify away from Russian oil or pathways like Hormuz which are contested, we should be able to have that conversation while also acknowledging that, at home, we should be heavily pushing nuclear.
Oil ought be the thing we sell to others to make money off of to fuel our own energy transition.
That’s a weird way to spell solar.
How is that? Oil is why we have conflicts.
No it isn’t
Also
> David Knight Legg is a board director and advisor to energy, finance and technology firms.
No. Solar is the best answer to a warming world. And the transition is taking place now. Canadian oil is a false solution for a problem that doesn’t exist.
So this author’s take is that Venezuela and Iran got bombed by the US for selling oil to China so we should sell oil to China to fill the gap in supply and take on the role of Venezuela? Again—Venezuela—the country that just got bombed (and puppet-couped) by the US for selling oil to China.
I’ll stick to solar panels and wind turbines, thanks.
Maybe instead of inefficiently slurping the last dregs of dirty tar out of the beautiful Alberta plains while the world switches to Chinese solar panels, we could focus on energy independence and green energy generation
We should have an oil reserve to insulate us from global conflict as well.
Canada needs to move beyond a resource extraction economy. It used to be home to tech giants like Nortel and RIM.
The americans choking off the oil supply to Japan was one of the triggers leading to World War II in the Pacific. They’re trying to choke an economic competitor again. “Those who cannot remember the past are condemned to repeat it” — George Santayana.
So what, just export more oil at a discount in order to justify expanding the oil sector here? How does that help address global conflicts if we’re simply feeding a system that already depends on oil without providing alternatives that would actually allow countries to divest from their dependency on said oil!?!
Also Postmedia. No investing in solar, wind, or other green energy to reduce our use of oil, because that would be bad.