An Existence Beyond Oil & Gas
Politicians are the first to freak out when the price per barrel of oil drops. In fact, they almost always claim to be in an emergency situation as soon as gas at the pumps finally becomes affordable.
Just recently in Alberta, the provincial government claimed they had gone backwards 7 trillion dollars when the economy slowed down for 3 months. How is that possible? How can the province be so bad at managing their resources? Didn’t the mother of the politicians at fault not teach them that you save in times of plenty so you have abundance when the economy takes a turn for the worst?
Photo Credit to Susan B.
Apparently not. As they just now started adding ridiculous taxes on silly things that were already over taxed!
That is all fair and well, but what if oil and gas never rebounds? What if – instead of things taking a turn for the better – they keep getting worse? What if the rest of Canada were to get a cheaper supply of oil and gas from else-where in the world? What then? How will the province deal with that?
Will they forever fall into more debt? If not, what is their strategy for building an economy that is not 100% reliant on the oil and gas industry?
Here at MoD Form, these are serious questions. Sure these natural resources are great and sure the province and country have benefited greatly as a result of them, but the time has come where we need to start asking more serious questions about the long-term strategy to rebuilding this nation’s economy that does NOT involve the continues mining of our natural resources.
What are we – as a nation – after oil and gas are gone?