Saturday, April 09, 2016


My sympathies are usually with the left wing of the party and there's much about Leap that I agree with in principle.

The 'Leave it in the ground' movement is an unforced error damaging to both the provincial and federal party.

Why pick a fight the market is already winning for you?  The oil can't be squeezed out of the sand or pipelines built to ship it at the current price, it would be just barely profitable at twice the price.

OPEC may be finally talking about closing the spigots but Iran has years of sanctions to recover from and will be even more unwilling to follow Saudi lead than usual so an ocean of Iranian oil will be keeping the price lower for quite awhile.

Alberta's NDP government will be improving regulations, promoting renewables and shutting down coal plants in the meantime. 

This is a silly, alienating, unnecessary proposal that looks like an attack on Alberta while the goals of the resolution will largely be achieved by the market anyway.

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