Mr. Poilievre, how can it have escaped your notice that there has been a structural change in the oil industry that began with the mid-2014 (pre-Trudeau) plummet in oil prices. The cause of that decline was a global and North American supply glut. /2 #cdnpoli
https://twitter.com/PierrePoilievre/status/1040964566279172096
2/ That glut was caused by the oil industry. It developed the technologies needed to tap tight (shale) oil, thus giving the Americans their shale oil boom and declining interest in Canadian oil. Low prices were particularly challenging for oil sands producers' higher costs. /3
3/ Oil sands producers set about successfully reducing their costs via consolidation, job-cuts, automation, etc. We are unlikely to return to the good ol' streets-paved-with-gold oil days. Pipeline companies are somewhat less enthused than they once were. /4
4/ They face real pushback in advancing their projects, and not just in Canada. Enbridge faced objections for their Line 3 replacement in Minnesota and have finally received the go-ahead. TCP still hasn't said that Keystone is a go, even with AB government help. /5
5/ In the US, Keystone continues to face delays, the most recent being a federal court ordering the State Department to conduct another environmental review of the revised KXL route. As Mr. Trudeau has stated, Canadian oil needs a non-US market. /6
6/ Kinder Morgan couldn't litigate its way to achieving progress on TMX, hence the Liberal government's decision to remove KM from the jurisdictional dispute. Surely you can't object to the federal government taking steps to defend its constitutional powers vis-a-vis BC. /7
7/ I would say that you don't seem to have a very good understanding of the changes in the oil industry, changes the industry itself caused. Nor does Jason Kenney, for that matter. Fortunately, the current government has an idea.
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