The price of oil makes oil sands extraction too expensive. The Keystone XL pipeline makes no financial sense in these conditions. Basing an economy on mineral extraction never ends well, as Australia is learning along with Canada.
]]>Yeah, that one’s gonna go over like a lead balloon :).
Regarding Canada’s economy, yeah, that’s what happens when you tie your economy’s strength to being Saudi Arabia North — when the price of oil goes down, your economy flops. Right now Harper is praying, “price of oil, go up, go up!” every night before he goes to bed…
]]>