Russia behaves like a goon toward its European energy customers; Saudi Arabia, Iran and others export terrorism; Nigeria is unstable and Venezuela’s Hugo Chavez spews hate which means there is little choice for the U.S. and the world, but to embrace, and possibly finance, Alberta’s oil sands.
If Washington does not get it, then Japan, India, China, South Korea and other energy-starved nations will. They should be encouraged to finance the oil sands mega-projects that have been put on ice or axed because of the bank crisis and price collapse.
Canada’s governments should also consider getting into the cleaning up and financing of oil sands projects, given their importance to the overall economy, labor force and balance of payments. The sands could replace Saudi Arabia or Russia in output.
Source: network.nationalpost.com
Tags: Washington | Ottawa | Alberta | Energy | World | US Politics