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GOLDSTEIN: Trudeau’s anti-oil, anti-gas policies still costing us billions

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yesterday

Oil and natural gas are going to be valuable commodities for decades to come

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So, as it turns out, oil and natural gas aren’t dead fossil fuels and the previous Liberal government of Justin Trudeau, which kept insisting they were, was dead wrong.

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That blunder is costing the Canadian economy up to $25.6 billion a year and who knows how much more if Canadian politicians don’t get their act together.

Canada should be sitting pretty in the global energy market today because we have vast reserves of reliable energy, presided over by democratically-elected federal and provincial governments, as opposed to dictatorships.

We are the world’s fourth-largest producer and exporter of crude oil, with the world’s fourth-largest proven reserves.

We are also the world’s fifth-largest natural gas producer and fourth-largest exporter, with the world’s ninth-largest proven reserves.

The problem is our lack of pipelines and infrastructure to get these resources to global markets.

As a result, we have to sell more than 90% of our oil exports and almost 100% of our natural gas exports to the U.S. at huge discounts, because they’re our only major customer, costing the Canadian economy an estimated $25.6 billion per year in lost revenue.

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Trudeau’s dismissive attitude towards Canada’s oil and natural........

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