The Future of Crude in the Texas of the North

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1. Why don't we just use our Carbon tax, Royalties and other charges to bank tons of money (like Norway) and put it all towards the current oil and gas companies investing in green energy? So ultimately ramp up production and sales-given the economy is in our aid- and then use our savings toward renewable energy and jobs within it? Might sound simple and I'm the furthest thing from an economist which is why I ask for opinion.
2. Poor guy...
   
   Smart like that who invested his money in a big truck, a vintage car, some collectable porn card now feeling totally unexpected financial hardship...
   
   Life's unfair man!
3. I live in Calgary, my dad just lost his job in an oil company. We've had to sell my cabin and cottage and probably more. It fucking sucks.
4. Canada should more of their oil to countries other than USA, Like China, India and Indonesia.
5. that's pretty cool that vice was in white court. also yes this sucks for the riggers
6. idk why the government doesn't position itself for the industry to be a better supplier to countries like Japan, China, India, Australia etc..
7. Ffs...show the worst person you can as usual...that motor hand is the worst kind of person working in Alberta. Doesn't even clean his coveralls, chewing snoose sittin on his ass, wondering why he can't make payments with a car in his garage he can sell. We are not all like that. Everyone is worried about oil, but Alberta is still doing pretty good drilling for natural gas, at least I am. And by the way, we are not the "Texas of the North". Never have I heard that ever said. We Iike to distance ourselves from 'Murica as much as possible because you people are a bunch of stunned cunts (except for the fact you rely on our oil & gas industry). You add that because you like to think U.S.A. Is the world, but it is not. Read a history book.
8. People drive to protest the pipeline projects. That kills me! Go turn your heaters off during the winter and walk everywhere and then I will listen to you complain about my industry! I'm not here to argue so Good Luck!
9. If oil is cheaper, wouldnt consumer products and services be also cheaper? Rich CEOs will be fine. Also, plan ahead. Build some refineries for god's sake.
10. Time to start mining lithium wild rose country
11. so dull. anyways. I think this is great. I love to see oil in decline
12. Fuck Canada
13. If Notley does all three things that she ran her campaign on, you would see a steep decline in oil investment from producers, and other provinces would probably benefit from that
14. M/Ethanol based fuel is compatible with most cars and is renewable... why are we still using gasoline?
15. hahaha, Vice News is kind of stupid here.
    
    People!! Obama Just signed off on Arctic Drilling last weekl. hahahahaha
    
    he's against a pipeline, which is much safer then Drilling in the Arctic!
    
    You Liberals are truly smart
16. Fluff piece for the oil industry. Rupert Murdoch's influence on Vice Media is already being felt.
17. Yes he has a dip in!
18. Once again proving that the oil industry does not promote economic growth because it doesn't last in the long run 
19. Rachel Notley and the NDP did not say they will raise royalties, they said they are going to review them. The intent of the review is to re-evaluate the value of oil and potentially reinstate former shares to the heritage funds and amongst other societal benefits if feasible. The royalty rates were decreased over the years because the PC government has consistently showed poor capabilities in fiscal management and a general lack of foresight in regards to creating and supporting sustainable economic growth. Contrarily they've consistently shown great expertise in unsustainable economic growth.
    The NDP on paper has stated the intent to diversify the economic growth which should translate to a more sustainable growth, including encouraging the need for local upgraders and refineries. Hopefully we see this change in the real world. Honestly with the a growing popular opinion of moving towards more environmentally friendly and sustainable energy sources I can't imagine why anyone would want to grow the oil industry any ways, it was within the means of demand. As we see if the supply outgrows the demand it starts to collapse. As for how clean the tar sands are, consider the emissions, they are two times less than that of the Placerita oil field north of Los Angeles. On top of that considering emissions worldwide, Alberta's oilsands account for 0.15% of Canada's 2% contribution to world wide emissions compared to the USA's 17% or China's 27%.
    Even then most emissions come down the line when you burn the fuel in your vehicles engine, what we need is more fuel efficient vehicles, with the ultimate goal of finding an alternative fuel. Hydrogen fuel cells seem to be a good candidate in my opinion. If investments are made into the refuelling infrastructure, and hydrogen production continues to make leaps in feasibility, I could see them as a very practical alternative. It would also save petroleum to be used for plastics as needed, something else the modern world would have a hard time weaning themselves off of.
20. So if canadian oil companies were to support bans on fracking, politically and fiscally, would that not be good for cananian ecconomy?