Given the economic doldrums facing other resource-based sectors in B.C. with the collapse of oil prices and the malaise in the minerals and metals markets, the B.C. engineering community recognizes the importance of projects such as LNG Canada moving forward. For many firms, the development of an LNG industry will buffer the impact that the downturn of the resource sector is having.
The University of Calgary's School of Public Policy has put out an important report that sheds light on an under-discussed dimension of Canada's energy export challenge: the time factor. At this point, most people (we hope) are aware that Canada faces physical bottlenecks in the transport of its energy resources to global markets.
A Keystone bomb would deliver several payloads: punishment toward anti-American Venezuela; proceeds toward Canada which buys more goods and services from the U.S. than the European Union does; punishment toward Russia by casting into the markets more Venezuelan oil and replacement of Venezuelan oil with Canadian oil that is $30 a barrel cheaper.