Is anyone in DJT-land listening?
Drill, baby, drill – but only within the USA please
With a lot happening on this planet, some Canadian investors could have missed the proven fact that the U.S. fossil fuel industry just reached an interesting milestone. America now has the consideration of manufacturing more oil in a single day than some other country within the history of our planet. Yes, even greater than Saudi Arabia.
Considering that the US has been a serious oil importer for much of the last 70 years, it is sort of remarkable that the US has been exporting 4 million barrels oil per day last yr.
Apparently, investors aren’t shy about providing capital to American fossil fuel firms. It also implies that Canada’s efforts to transition away from natural gas (despite our Allies are essentially begging us (more on that this week) is unlikely to make much of a difference in the large push against global warming.
The USA is now also the world’s largest exporter of natural gas.
Wow, it’s thing the Keystone XL pipeline was canceled since it seems to have put an end to the entire American fossil fuel business – and without charge to the Canadian economy either!
Economists would argue that by far the perfect method to reduce the quantity of fossil fuels burned could be to impose a tax on them. How popular is that this carbon tax as of late?
It’s clear that the world needs to choose what sort of level playing field it desires to create in terms of the foundations governing carbon reduction efforts, as Canada’s go-it-alone attempt doesn’t appear to be gaining much traction.
