Saturday May 18, 2013



question of the week

Survey results are meant for general information only, and are not based on recognised statistical methods.





Oil income supports our lifestyle

Editor:

With the new technology of “fracking” in the oil and gas industry, it is projected that the United States will become self-sufficient in energy between 2015 and 2020. Vast recoverable resources have been discovered in many parts of the U.S.

Of our oil and gas production, of what we do not consume ourselves, all is exported to the U.S. by pipelines.

It is to be expected that once the U.S. reaches self-sufficiency, they will no longer buy our oil and gas, or if they do at very discounted prices only. Presently we have no facilities to pump our oil to other markets such as Asia. Unless we build pipelines, the oil and gas industries in Canada will shrink considerably.

Thousand of workers will be out of a job and the huge oil revenues, royalties and taxes will contract considerably. This might result in severe financial hardship for the federal and provincial governments and ultimately for our population (healthcare, education, etc). It is projected that without the oil income, our standard of living might decline by some 20 per cent. Are we prepared to live with such a decline, or permit the building of pipelines that must be of the highest standards?

Jakob Knaus, Wilson Creek


Comments


NOTE: To post a comment in the new commenting system you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Yahoo, OpenID. You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

The Coast Reporter welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

blog comments powered by Disqus



About Us | Advertising | Contact Us | Sitemap / RSS   Glacier Community Media: www.glaciermedia.ca    © Copyright 2013 Glacier Community Media | User Agreement & Privacy Policy

LOG IN



Lost your password?