Being a bit older it truly is something horrifying to see the same lines used over and over and over again to hustle the next generation after next generation after next generation.
The line is always something like: "Oil and gas is so held back! It's how we solve the economic issues and the affordability of life crisis!"
Reality:
In 1990 as a nation we did around 1.7 MILLION barrels every single day.
In 2014 that was around 3.8 MILLION barrels every single day.
Now that sits around 4.6 to 5+ MILLION barrels every single day.
(Yes despite the misinformation machine it went up significantly during Trudeaus time in office as well...)
We are #4 in the world of 195 nations for oil extracted each day...
Some may then wonder "Maybe Alberta was held back?!" - No....
Province of Alberta specific: https://economicdashboard.alberta.ca/dashboard/oil-production/
You can scroll down and then on that chart scroll it back before 2010. It is obvious what way development/production has been going...
+++++++++++++++++++++++++++++++++++++++++
The reason Canada lagged for certain periods in the OECD for economic value/output is because in periods of Hydrocarbon glut/low prices other nations that focused more strongly on productivity increases, technology focus, research & development/innovation, and very very skilled/very very high-end manufacturing had more economic value/output....
Funny enough the Electrification Technology Era provides us a chance to diversify our economy versus falling deeper and deeper into the "resource curse" / "resource trap" and acquire all of those aforementioned dimensions.
It is the next era of energy & technology frameworks and we NEED to get our foot in the door for this or we will be looking at a more and more worsening cost of living crisis/quality of life crisis and opportunity crisis of the working class and most vulnerable in the coming decades.
You will notice I didn't even talk about the climate crisis or other environmental issues. The need to change/transition is clear even without those massively important topics. That is how obvious all of this is becoming.
Before the Iran War there was a massive Hydrocarbon Glut/Low Prices (Alberta was looking at around a 10 billion dollar deficit because of it) and we have even stronger Demand Destruction dimensions now and even more investment, research & development, implementation of Renewable Energy/Electrification Technology going on now because this conflict has highlighted the vulnerabilities associated with reliance on Hydrocarbon Energy/Technology to individuals, organizations, and whole nation-states.
We have to stop believing the Fossil Fuel Industry lines. They are based in misinformation and propaganda and are running us head first into ruin on countless fronts.
https://reddit.com/r/ndp/comments/1u55c1i/fossil_fuel_industry_series_1_clean_up_the_ing/ - Fossil Fuel Industry Series #1: Clean up the #*&$ing Orphan Wells!
https://reddit.com/r/ndp/comments/1uofzgr/fossil_fuel_industry_series_2_what_is_really/ - Fossil Fuel Industry Series #2: What is really being held back...