The word “pipeline” does not appear in the Wealth of Nations, but what the Danube is to ordinary shipping, pipelines now are to the delivery of oil and gas.
Thankfully, Alberta might dodge the bullet this time around.
Prime Minister Trudeau’s remarks at the World Economic Forum in Davo unfortunately reflect an attitude of discomfort with Canada’s resource economy.
The real “resource curse” is the way successive Alberta governments squandered revenues from resource development.
The Alberta government can't control the price of oil, but it can control its policy environment, and recent policy changes have caused a decline in investor confidence.
The best way to help Alberta’s economy is to enhance the province's competitiveness and attractiveness for investment and entrepreneurship.
The Alberta premier chimed in on B.C.'s opposition to the Kinder Morgan pipeline expansion.
Forecasting oil prices is fraught with difficulty, so it's imperative that the government use the most reliable and up-to-date estimates available.