Our oil won’t last forever

We all forget about the long-term real value of Canada’s resources base.

I’m writing regarding the bigger issue of the B.C. pipeline, that is the depletion and export of Canadian resources.

We all forget about the long-term real value of Canada’s resources base. Margaret Thatcher sold all of the UK oil reserves to corporations – there is basically little oil left now in the North Sea. The boom was short lived. This has and will impact the ability of the UK and Europe in times of crisis to have cheap oil and gas prices. Imagine now if Europe was awash in cheap gasoline.

The same will happen in Canada. Oil pipe lines leaving Alberta go south to the U.S. and then on to Mexico for export to global destinations. The U.S. takes a transit fee on that oil – thank you Canada (it’s exporting our oil).

We are now proposing another such gas and oil pipeline to the B.C. coast. That oil will go to Asia – China in particular. Economic growth in China has been such that it will consume all Canada’s oil if it had the chance. Hence, their interest in buying Canadian oil companies and licences to extract oil from the sands in Alberta.

Would Canadian companies and our nation not be better off by having cheaper gasoline to run our economy and make us more competitive globally, as opposed to giving our energy away to other nations?

Why isn’t the Canadian government offering the U.S. and global corporations opportunities to set up manufacturing factories here in Canada with a promise of cheap oil fuel and gas for the next 30 years? In the long run, this will support more job growth in Canada and grow Canada’s GDP and exports. Instead we are selling our assets to nations which will use that energy to manufacture goods that we Canadians then re-import. Not good for Canadian jobs in the long term. We become a nation of buyers as opposed to producers.

Fifty years from now, Canadians will ask themselves: Why did we export so much of our oil and gas at the stupid price of $80 a barrel? What were we thinking? Oh, Canada.


Ray Winfield, Surrey

Just Posted

Son of slain former Hells Angel is one of two men sentenced for crime spree

Pair’s 2017 series of Lower Mainland robberies stretched from Surrey to Mission

Surrey-raised Merkules raps his way around the world

Cole Stevenson opens up about his ‘Scars,’ a hit remix of ‘Old Town Road’ and how he’s pals with Shaq

MINTY: Surrey group’s retreat offers a sort of beach party/camp with dancing

Also, FVGSS theatre company’s costume and fabric sale planned at warehouse in Newton

‘Person of interest’ identified after suspicious meat left in North Delta park

Piles of meat have been dumped near the 63rd Avenue trail entrance four times in the last 30 days

Disney Plus to launch in Canada in November

Analysts say latest streaming service may escalate cord cutting

B.C. manhunt suspects left cellphone video before they died: family

Family member says Kam McLeod, Bryer Schmegelsky recorded final wishes

Okanagan bus driver assaulted for asking patron not to smoke

59-year-old in hospital with non-life threatening injuries

Mouse infestation hit Langley hospital’s kitchens

Droppings and urine were found by Fraser Health inspectors in the spring

B.C. sets rules for ride hailing, same minimum fee as taxis

Larger operating areas seen as threat by cab companies

Two hiking families team up to extinguish fire in B.C. backcountry

Children and their parents worked for three hours to ensure safety of the popular hiking region

B.C. mom mourns 14-year-old son whose fatal overdose was posted online

Chantell Griffiths misses the son she hadn’t seen much in recent years

Oppenheimer Park residents told to leave, clear out tents by Aug. 21

Police say park has seen influx of residents, violence in recent months

Most Read